Where us economy is heading?
Nov 28, 2009 Finance
In this article we will try to figure out the true picture of US economy through some prime indicators and the probable ways by which US economy can try to come out of the dark woods. We will try to find the trend, analyse and foresight the future of the US economy.
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Tags: benchmark, benefit system, bureau of labor, bureau of labor statistics, consumptions, dow jones, Economic Growth, economic heart, Fiscal deficit, growth prospect, job losses, lows, luxuries, manufacturing process, recovery path, taxable income, trend analyse, unemployment rate
Bankruptcy of the America is now certain
Nov 28, 2009 Finance
From Porter Stansberry in the S&A Digest: Read the rest of this entry »
It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That’s an amount equal to nearly 30% of our entire GDP. And we’re the world’s biggest economy. Where will the money come from?
Tags: academic paper, alan greenspan, benchmark, borrowers, creditors, currency reserves, currency speculators, deficit spending, economists, foreign debt, hard currency, interest burden, maturities, money management firm, pimco, porter stansberry, rule states, term debt, trillion, u s treasury