Is it the government a cornucopia of money, so that we need not worry about its debt?
Will the bankruptcies of State pension plans crash America? History gives an answer.
Summary: Ripples of Trump's win rock the boats of China's Economy: Living on Borrowed Time Stratfor, 21 November 2016. Forecast Barring a decision to loosen government controls on credit, investment and home purchases, China's housing and construction sectors will slow in 2017. Industries that hold the bulk of China's outstanding corporate debt, including commodities, building … Continue reading Stratfor: China’s Economy is Living on Borrowed Time
Summary: China, like the US, has surprised the bears by the resilience of its economy. Here Strafor examines one source of its economic strength, one that might haunt its future -- massive and imprudent accumulation of debt. China Is Building Its Future on Credit Stratfor, 20 July 2016 Summary As China tries to overcome slowdowns … Continue reading Stratfor: China Is Building Its Future on Credit
Summary: Each presidential campaign season the federal debt becomes an issue, with the debate consisting largely of bogus soundbites. Each election sees that the federal debt has not only grown, but has grown faster than the US economy -- with little to show for it (e.g., our public infrastructure rots). This will not end well … Continue reading Harsh truths about the Federal debt, showing how Left & Right lie to us