America's Economic Future – A Discussion By Ted Kavadas
I ran across this story about homeless children in the New York Times: http://www.nytimes.com/2009/09/06/education/06homeless.html As I discussed in my September 3 post, I think it is important to have stories and statistics concerning poverty and misfortune published on a more frequent basis. While they are certainly disheartening, it is far better to have awareness of the trends and …
Lately I have seen a few articles that have openly stated that deflation would be a “positive” for individuals. There are various reasons given for this conclusion. One of the reasons that has been given is that deflation would lower the price of goods, and thereby increase purchasing power. My thought on the matter is …
I find it interesting that we constantly see stories concerning the “highest paid” and wealthiest people of society and how much money they are making. However, when it comes to the other end of the spectrum, how many stories and statistics do we see about such things as those living in poverty, the wealth disparity, …
On August 7th I posted some commentary titled “The FDIC Situation.” Here is a story from The Wall Street Journal that does a good job of summarizing the situation there: http://online.wsj.com/article/SB125137695691263385.html?mod=djemalertNEWS One of the statistics of interest: “The FDIC’s insurance fund, which guards $6.2 trillion in U.S. deposits, fell to $10.4 billion at the quarter’s …
Yesterday, The Wall Street Journal came out with a story titled “A Decade of Debt” that can be found at this link: http://online.wsj.com/article/SB125119686015756517.html It discusses the latest 10-year budget projections that amount to a cumulative addition of $9 Trillion in debt. I would like to briefly comment on this latest budget projection: As seen in the …
During his July 22 Press Conference, President Obama said healthcare is “a problem that Washington has failed to solve for decades.” Unfortunately, the healthcare problem isn’t the only problem that has been “brewing” for a long time. It is imperative that problematical issues are dealt with effectively when they are in their early stages. Otherwise, …
As President Obama said during his July 22 Press Conference, healthcare is “a problem that Washington has failed to solve for decades.” I want to make a few random comments about healthcare. Any substantive discussion on my part would be exceedingly lengthy as this is a complex subject. I do believe that there has to …
Ever so often I come across a story concerning the FDIC and its wherewithal to be able to cover its potential commitments. It appears to be exceedingly thinly funded in relation to potential liabilities. This may not be a big issue going forward if the economy improves; however, it could become a very large issue …
I wanted to briefly comment on this recent (July 17) Wall Street Journal article that mentions how Illinois and California are working to “balance” their budgets: http://online.wsj.com/article/SB124776520979752661.html The article brings to mind a term that I have used before, “quick fixes.” Sadly, some of the means by which these budgets are apparently being balanced might …
I would like to quickly clarify a phrase I have been using on this blog… The phrase is “this period of economic weakness.” The reason I use the term is that, as I have explained in this prior post: https://www.economicgreenfield.com/2009/06/22/are-we-in-a-depression/ that our current economic environment is difficult to classify. Furthermore, it is a very fluid situation that can …