America's Economic Future – A Discussion By Ted Kavadas
As those familiar with this blog know, I am very concerned about the vulnerability of the U.S. Dollar to a substantial decline. I have written extensively about this situation. I think the following quote on the subject of currency debasement is particularly noteworthy. It is from John Maynard Keynes, from his book Economic Consequences of …
I found last night’s State of the Union Address to contain many noteworthy comments. While I could comment extensively on many parts of the speech, for now I will indicate excerpts that I found most relevant, and may comment upon them at a future point. I am highlighting these excerpts for many reasons; it should …
The January 17-January 23 Bloomberg BusinessWeek issue had an article titled “Back to the Economic Future.” The article notes “John Maynard Keynes and Fredrich Hayek, who battled over the Depression, are getting a fresh look as the Long Slump lingers on.” It discusses the current state of the (macro)economic profession and theoretical trends within the …
I recently wrote of “10 ‘Front and Center’ Problem Areas That Pose a Threat to the Economy” on the Seeking Alpha site. (an additional link on the Global Economic Intersection site can be found here.) I haven’t posted this material to this blog as those familiar with this blog would likely find it repetitive. However, …
The concept of being successful in the global economic environment is a complex one. The January 17-January 23 2011 Bloomberg BusinessWeek had a short interview of Singapore Prime Minister Lee Hsien Loong. I found the following excerpt notable, given Singapore’s successes in many areas: On Globalization Competition is intense, change is continuous, and the fruits …
The state of Illinois has received much attention lately for its budgetary shortfalls and recently enacted personal and corporate income tax increases. A January 13 Wall Street Journal article titled “Illinois Braces for Tax Increases” provides a summary of the current budgetary situation. I was quite surprised to see state Comptroller Judy Baar Topinka declare …
On Thursday, Larry Kudlow interviewed Rep. Spencer Bachus on CNBC. I found one comment Kudlow made, starting at the 6:17 mark, to be especially notable: “Many people believe that the top 5,6,8 banks are in fact too big to fail and constitute government sponsored enterprises in effect. That is an unfair advantage in the credit …
The January Wall Street Journal Economic Forecast Survey was published January 14, 2011. The headline is “Economists Optimistic On Growth.” I found a variety of topics seen in the Q&A (spreadsheet tab) to be interesting, including questions on “Grading Central Bankers” and “QE2”. The current average forecasts among economists polled include the following: GDP: full-year …
As a continuation of the last post, here are three other charts that I find disturbing in nature. These charts raise a lot of questions. Many of these questions I have discussed in the blog, as I believe they are very significant in nature. Additionally, these charts should highlight the “atypical” nature of our economic …
In the next two posts, I am going to display various charts that I find disturbing. These charts would be disturbing at any point in the economic cycle; that they depict such a tenuous situation now – 18 months after the official (as per the 9-20-10 NBER announcement) June 2009 end of the recession – …