Clarity on the deficit and the so called debt crisis

  There’s a saying in business that one can not manage what he’s not measuring and he is certain to mismanage what he refuses to measure properly. Let me ask you a question.  If you’re working somewhere, it’s likely that you have a 401(k) or a 403(b) type of savings plan for retirement.  If you do, would you consider it a wise move to raid your retirement contributions to fund your everyday living expenses?  Yes, people... Read More

US Must Address Debt, Warns Debt Commission

President Obama’s bi-partisan debt commission gave a preliminary read out of the nation’s fiscal situation today.  There was nothing earth shattering about the conclusion.  The prognosis from co-chair Erskine Bowles is that current trends will destroy the country from within.  I think Bowles is actually a bit off on that one as the holders of the debt and the bond vigilantes will take care of the destruction; it’s just that... Read More

Warren Buffet sounds the alarm

This in from famed investor Warren Buffet.  One of the effects of all the Federal Reserve’s money printing is the threat to the US dollar as the world’s reserve currency (i.e. the main currency used to transact international tade).  Our nation effectively exports its inflation as there are many nations that need to hold dollars for transactional purposes such as to buying oil, which trades in dollars.    If this were to change, all... Read More

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