America's Economic Future – A Discussion By Ted Kavadas
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 …
On July 16, I wrote the following: “During periods of economic decline, it is relatively common to have periods of “relief” from decline – then a resumption of further decline. This is what I believe we are experiencing now, both in the economy as well as the stock market rally (which I have previously referred …
I find it interesting that certain financial and economic terms seem to have completely fallen out of use, especially in the press. Among these I would include “Quality of Earnings” and “Fiduciary Responsibility.” As well, “Moral Hazard” is still used but surprisingly much less than one would think. It seems to be on the way out. What is the …
There was a recent article in The Wall Street Journal titled “Detroit’s Food Banks Strain to Serve Middle Class”: http://online.wsj.com/article/SB124718194179420129.html One aspect that caught my attention was the mention of people who are receiving aid for the first time. In fact, the story points out that some people who used to be donors to the …
I would like to mention an article in today’s Wall Street Journal, titled “The Economy Is Even Worse Than You Think.” http://online.wsj.com/article/SB124753066246235811.html I found the article does a good job of highlighting certain characteristics of this period of economic weakness. These characteristics reinforce a theme mentioned previously on this blog, that we are in a “new (economic) environment.” …
I Warren Buffett’s July 9th interview on CNBC http://www.cnbc.com/id/31836625/ to be interesting, especially when he says: “And it’s very important the economy gets, comes back. It will come back. Government has less influence on how fast that happens than a lot of people would like to hope that it would. But government is a player, …