S & P Downgrades US Debt. Now What?
On Friday, Aug 5 2011 at 8:01 PM when all financial markets (ex ForEx) in all western countries have closed for trading, Standard and Poor’s downgraded US Debt....
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Uh, Oh. This Can’t be Good, if True!
Sorry to spoil your morning. CNBC’s Larry Kudlow tweeted this last night. Bank runs in Italy. This cannot be...
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Debt Burden of Nations
As I mentioned several times, India with only 128% of debt burden (sovereign + consumer debt) and huge population, is the right place to be for economic growth, closely...
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Product Driven vs. ‘Driven’ Driven Economy
Yes, it is not a typo that you see ‘Driven Driven’ in the title. What is the ailment of the current economy and the effect of it on millions...
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The Real Reason for Economic Drag: Huge Drop in Consumer Spending
The American economy is 2/3rd consumer spending. In the 1990, cheap credit boosted consumer spending via revolving. In the 2000s, the meteoric rise in home prices led...
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New York Mag: Obama’s Original Sin
“The president’s failure to demand a reckoning from the moneyed interests who brought the economy down has cursed his first term, and could prevent a second.” This is a...
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