GAO Chief Warns Economic Disaster Looms

[robo]

AP
GAO Chief Warns Economic Disaster Looms
Saturday October 28, 4:38 pm ET
By Matt Crenson, AP National Writer
GAO Chief Takes to Road, Warns Economic Disaster Looms Even As Many Candidates Avoid Issue


http://biz.yahoo.com/ap/061028/america_the_bankrupt.html?.v=2

 

[robo]

Re: Honey, I Created a Bubble

By John Mauldin

Honey, I Created a Bubble
The Complications of Fed Policy
Yield Curve Says Probable Recession
The End of The Contract With America
The Disconnect Between Stocks and Bonds
New Orleans and New York


We have been told for months that the next interest rate move by the Federal Reserve is dependent upon what the data tells us prior to each meeting. If the data tells us that inflation is too high and/or the economy too strong, the Fed will continue in its pause mode or maybe even hike rates. If inflation comes down and the economy begins to soften, the next interest rate moves will be down.

But that begs the questions, "How reliable is the data?" and "How does one interpret the data?" This week we start with a look at a remarkably candid speech by Richard Fisher, the president of the Dallas Federal Reserve. We then look at what the data tells us about inflation, the relationship between housing construction and GDP, and the disconnect between the bond and stock market.

http://www.frontlinethoughts.com/article.asp?id=mwo111006

 

[robo]

U.S. Heading For Financial Trouble?
Comptroller Says Medicare Program Endangers Financial Stability

"They'll be eligible for Medicare just three years later and when those boomers start retiring en masse, then that will be a tsunami of spending that could swamp our ship of state if we don't get serious."


http://www.cbsnews.com/stories/2007/03/01/60minutes/main2528226.shtml

 

[fabijo]

Overspending is easy to do when we can just print money at will.