The Great Recession Is Over Says Business Economists Panel

As I have repeatedly pointed out in this blog, the only thing that is keeping the game going for the economy at present is the fact that government spending along with Federal Reserve interference in the marketplace has created some green shoots. The consequences of this action for the short term has given us and these forecasters the mirage that “all is well.” The truth of the matter is that we are presently in the eye of the hurricane. The calm before the continuation of the economic storm.

U.S. Debt Clock Reveals Time Isn’t On Our Side

The U.S. is the Debt Engine to the World

Take a look at the map of the world below. It shows in the purple color the countries in the deepest debt as a percentage of GDP. Interesting how most of the other countries in the world can manage their finances better than the U.S. can. Could it be because these countries are actually producing something?

Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week
When Stimulus Does Not Stimulate
Credit Expansion, Crisis, and the Myth of the Saving Glut
Bailing Out Your Spendthrift Relatives

Iceland vs. USA Economic Analysis

Iceland is in the midst of a crisis and raised interest rates today from 12% to 18%. The Iceland currency, the Krona, which has already lost half its value since January, and has been closed to trading, opened trading today and according to CNBC lost half its current value “boom, just like that.”
But if [...]

America’s Infrastructure In 2009: Grade “F”

In 2005, the American Society of Civil Engineers (ASCE) came out with a report card on America’s Infrastructure. The overall grade from the 2005 report was D, down from a D+ in 2001. William Henry, president of the ASCE, said; “Since the time our infrastructure was last graded in 2001, [...]