The National Debt and Deficits

John Taylor wrote the following article “Exploding Debt Threatens America”: http://www.ft.com/cms/s/0/71520770-4a2c-11de-8e7e-00144feabdc0.html?nclick_check=1 Although I don’t agree with some of his figures and reasoning, the central point is important:  This debt level is a serious problem. It also illustrates the difficulty of  ridding ourselves of this level of indebtedness.   These issues will likely get greater attention now that sovereign debt … Read moreThe National Debt and Deficits

Ireland’s Sovereign Credit Rating

I found this story to be of significance, regarding Ireland’s sovereign credit rating: http://www.cnbc.com/id/31164904 Also, as background info, this story was worth reading: http://money.cnn.com/2009/05/13/news/international/tully_ireland.fortune/index.htm In my opinion, the broader signficance is that sovereign credit ratings (and associated issues) appear to be getting more scrutiny; and this should only intensify if there is greater economic weakness. SPX … Read moreIreland’s Sovereign Credit Rating

Rep. Barney Frank interview – my comments

Here is a recent interview of Rep. Barney Frank on CNBC.  I found the first few minutes to be interesting, as well as disconcerting in many ways: http://www.cnbc.com/id/30980892 What nearly everyone, especially the decision-makers in Washington, don’t seem to grasp is the risks inherent in large-scale market interventions.  One question to ask might be, “If large-scale market … Read moreRep. Barney Frank interview – my comments