Debt Wealth System

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Debt Wealth System

US Economic Outlook: Default, Hyperinflation or Both

Bill Bonner here at The Daily Reckoning reports that “Even if America taxed 100% of all household wealth, it would not be enough to put its balance sheet in the black”, which I note seems exactly right to me, and I am able to corroborate Mr. Bonner’s analysis because it seems to me that I seem to remember that just the federal budget deficit – alone! – would consume all federal income taxes paid ...

US Economic Outlook: Default, Hyperinflation or Both

China’s Economy is the Greatest Bubble on Earth

But is there really going to be a round two? Well, if the first incorrect assumption was that Australia didn't have a bad debt problem, the second assumption is probably even more dangerous. It's more dangerous because it's the single most unexamined assumption behind much of Australia's economic prosperity. The assumption is that we'll always have China.

China’s Economy is the Greatest Bubble on Earth

City Diaries

'Raising VAT to 20% would be a brave move'

City Diaries

Do unions have too much power?

Talks between BA and the Unite union aimed at averting strike action will resume this morning. What's your reaction?

Do unions have too much power?

Learning about Wealth

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