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Tag Archives: congress
Smiling with Gratitude
The Commerce Department reported Tuesday that the economy grew at an annual rate of 2 percent in the third quarter…a downward revision from the initial 2.5 percent estimate made last month. More importantly, it was reported that after-tax, inflation-adjusted incomes … Continue reading
Posted in Economy, MN Gordon
Tagged congress, debt, federal reserve, food prices, GDP, labor department, milton freidman, treasuries
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Let Them Fail
Good jobs are in high demand these days. Yet, unfortunately, they’re in limited supply. Gone are the days when any old hack could show up with a tie and a smile, shuffle papers around a cubicle, surf the internet all … Continue reading
Deliver Us From Idiots
A central benefit of the government’s debt ceiling calamity was the outstanding comedy it provided. We’ll certainly miss the B-rated entertainment. While it’s unfortunate a default was avoided, the whole hullabaloo served up some tasty performances. President Obama, for one, … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, congress, debt ceiling, default, DOW, Nikkei 225
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A Run on the United States Government
Things are ugly out there. The governments of the world are going broke in unison. Over in Europe, the credit ratings of Greece, Ireland, and Portugal have been downgraded to junk bond status. Italian and Spanish debt is sure to … Continue reading
Posted in Government Debt, Michael Rozeff
Tagged collapse, congress, debt ceiling, dollar, interest rate, treasuries
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