Story by Andrew Sanders, State of the Union, 2/26/24 SOURCE: https://www.msn.com/en-us/money/companies/70-of-largest-us-cities-broke-and-cannot-cover-costs/ar-BB1iT23I?ocid=msedgntp&pc=U531&cvid=d9d92a528573425c9d0e635005886919&ei=24 EDITORIAL: If this isn’t evidence of a systemic government collapse, I don’t know what…
Story by Jai Hamid , Cryptopolitan, 2/21/24 SOURCE: https://www.msn.com/en-us/money/markets/imf-expert-warns-u-s-on-shocking-dangers-of-debt-crisis/ar-BB1iGhRG?ocid=msedgntp&pc=U531&cvid=d92c12434466421a9d2bc5b216690742&ei=14 Alarm bells are ringing louder each day about the U.S.’s fiscal health, with Olivier Blanchard, the former…
Opinion by Desmond Lachman, New York Post, 2/21/24 SOURCE: https://www.msn.com/en-us/money/markets/the-world-s-drowning-in-debt-brace-yourself-for-economic-turbulence/ar-BB1iFYSJ?ocid=msedgntp&pc=U531&cvid=52f552ffe7754d55ac74bbe5b59faa6a&ei=8 When it comes to a country’s overindebtedness, the four most dangerous words are “This time…
Story by Collins Abia , The Artistree, 2/16/24 SOURCE: https://www.msn.com/en-us/money/markets/cbo-director-warns-house-panel-that-interest-on-national-debt-could-pose-threat-to-u-s-economic-stability/ar-BB1ip8sP?ocid=msedgntp&pc=U531&cvid=c24d2111d82c44f9bd7fd35e5e5aa450&ei=49 The director of the Congressional Budget Office (CBO) warned House lawmakers about the potential threat to…
Story by David Lerman, Roll Call, 2/15/24 SOURCE: https://www.msn.com/en-us/news/politics/democrats-unions-ramp-up-pressure-against-fiscal-commission/ar-BB1ilKTF?ocid=msedgntp&pc=U531&cvid=0d820786033c41af88ac72712da21375&ei=171 Aproposed fiscal commission to fast-track deficit reduction measures, already under attack from the right, also faces…
Story by Eleanor Pringle, Forbes, 2/11/24 SOURCE: https://www.msn.com/en-us/money/markets/jamie-dimon-believes-u-s-debt-is-the-most-predictable-crisis-in-history-and-experts-say-it-could-cost-americans-their-homes-spending-power-and-national-security/ar-BB1i6y8l?ocid=msedgntp&pc=U531&cvid=874eb3b6706245d7b53ebffb98f5a4f1&ei=29 EDITORIAL: For more on government fiscal policy and debt, see: Money, Banking, and Credit, Sections 11.4 and…
Story by Taylor Giorno, The Hill, 2/6/24 SOURCE: https://www.msn.com/en-us/money/markets/powell-the-us-is-on-an-unsustainable-fiscal-path/ar-BB1hLOD2?ocid=msedgntp&pc=U531&cvid=4464e15dfe1f499dba641f909b14db6e&ei=18 Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a…
Story by Jennifer Sor, Market Insider, 1/30/24 SOURCE: https://www.msn.com/en-us/money/markets/black-swan-author-nassim-taleb-says-the-us-is-heading-for-a-debt-death-spiral/ar-BB1hv0JP?ocid=msedgntp&pc=U531&cvid=9cbd98935dd7412dad72be8443f779db&ei=15 The US is facing a “death spiral” as a result of its mounting debt and the…
Story by Teri Sforza, The Orange County Register, 12/24/23 SOURCE: https://www.msn.com/en-us/money/markets/what-s-behind-california-s-skyrocketing-spending-and-68-billion-deficit/ar-AA1lYXC9?ocid=msedgntp&cvid=66ac55e4adaf4e4a9c19deaecf564fe0&ei=17 Is California on a bender? The state’s per-capita spending has more than tripled over the past…
Story by Bethan Moorcraft, Moneywise, 11/29/23 SOURCE: https://www.msn.com/en-us/money/realestate/crisis-is-assured-famed-investor-peter-schiff-says-us-rates-will-remain-much-higher-forever-here-s-what-that-could-mean-for-you/ar-AA1kIGwZ?ocid=msedgntp&cvid=f021420ef1a349c68fb3f083c19ba844&ei=66 American stockbroker and financial commentator Peter Schiff isn’t feeling positive about the U.S. economy. With inflation proving sticky —…
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