Browsing All posts tagged under »debt crisis«

Europe P-I-G-S Debt, America’s spending under Bush and Obama at the origin of a Libertarian Revival: Blessings in Disguise!

September 2, 2010 by

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In a TV interview on Feb. 5, 1976, Prime Minister Thatcher said, “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”   After the Greek Debt crisis, the whole world turned its attention to sovereign debt, government budgets and fiscal issues.  […]

Breaking news (I’m not surprised!): May Jobs report is a disappointment!

June 4, 2010 by

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President Obama and his Vice President are happy to report “job growth” for 5 months in a row!  Nonfarm payrolls up 431,000 in May but this number doesn’t paint the whole picture. Although unemployment is down by 0.2% from 9.9% to 9.7%, job Growth did not meet most economists expectations, but I can’t say that I am […]

Big Government in Europe led to sovereign debt crisis… Don’t let America turn into another Portugal, Italy, Ireland, Greece and Spain (PIIGS)!

May 18, 2010 by

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Although this video refers to France, France to its credit along with Germany, have managed to be more productive than their European neighbors, limiting the damage caused by huge levels of taxation and government spending. If America does not abandon failed policies and entitlement programs that have amounted to a $13 trillion debt, this nation […]

Debt epidemic: European debt crisis? Think again, the US at risk of a similar disastrous outcome!

May 18, 2010 by

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The only thing that comes to mind is “I told you so!” but then again I haven’t been the only one so concerned with the fate of the US economy!

The European masses now understand the dangers of bailouts but will politicians listen?

May 12, 2010 by

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Written By Orphe Pierre Divounguy The European masses are now showing their discontent with financial bailouts but will politicians finally listen?  The German people are turning away from Chancellor Merkel ruling party, the Irish people attempt to storm their parliament, and the British ousted the labor party Prime Minister.  Europeans are finally saying enough with bad governance, enough […]

Greek default: the winners and losers…

April 30, 2010 by

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Jacob Kirkegaard, a research fellow at the Peterson Institute for International Economics in Washington, talks with Bloomberg’s Pimm Fox about the prospects of a Greek debt default.

Greece’s Debt Crisis: A Sign of Things to come to a Hugely Indebted America?

April 28, 2010 by

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Written by Orphe Pierre Divounguy The Greek government 2010 budget deficit calculated at 13.6% of GDP is simply adding to the highest debt to GDP ratio in the EU (113% of GDP).  The rising debt has led to high borrowing costs, the inability to repay its debts and a severe economic crisis.  The recent current […]