Uncle Sam, Addicted to Debt, Faces Future Military Bills
[ad_1] Military Academy cadets prepare for pass and review before a football game in West Point. 2008. Washington, DC is going through its annual budget charade. The US Congress is no longer capable of approving individual budgets and appropriations. Instead, a handful of leaders make omnibus deals among themselves and demand the people’s representatives rubber-stamp […]
Interview: Debt, Digital Currencies, And Political Tensions
[ad_1] In what ways does Armstrong suggest the Eurozone’s financial practices are unsustainable, and what does he foresee as the potential fallout from such practices? Considering Armstrong’s skepticism towards digital currencies and government debt, what alternatives does he propose for individuals looking to secure their financial futures? According to Martin Armstrong, how have university economics […]
Debt is piling up and it won’t end well for the world, economist warns
[ad_1] A mosaic collection of world currencies. FrankvandenBergh | E+ | Getty Images The world is looking at a debt crisis that will span the next 10 years and it’s not going to end well, economist Arthur Laffer Jr. has warned, with global borrowings hitting a record of $307.4 trillion last September. Both high-income countries […]
Debt and Unfunded Liabilities | AIER
[ad_1] Educators picket the Colorado legislature on behalf of the Public Employees’ Retirement Association. Downtown Denver, April 2018. When conversations come up regarding government debt, the focus is usually on the national debt. The $34 Trillion national debt (not to mention the $80 trillion in unfunded obligations from Social Security and Medicare) is crucial to […]
Meet the Economist NPR Interviewed to Explain Why America’s $34 Trillion Debt Is Definitely Not a Problem
[ad_1] In late December, after US Treasury Secretary Janet Yellen borrowed $90 billion in just one day, the federal government’s public debt eclipsed $34 trillion for the first time in history. The steady accumulation of public debt has become a mainstay in modern America, seemingly as inevitable as death and taxes. But something strange happened […]
Corporate debt defaults soared 80% in 2023, could be high in 2024
[ad_1] Javier Ghersi | Moment | Getty Images Corporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal with the burden of high interest rates, S&P Global Ratings reported Tuesday. The number of companies that failed to make required payments on their debt totaled 153 for 2023, […]
Ray Dalio says U.S. reaching a point where our debt problem gets even worse
[ad_1] Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday. The hedge fund titan warned during a CNBC appearance that the need to borrow more and more to cover deficits will exacerbate the political and social problems the country is facing. “Economically […]
Sri Lanka shows how broken debt negotiations have become
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. For sri lanka’s politicians September 27th was meant to be the light at the end of the tunnel. After more than a year of economic free fall—in which the former president fled protests, gdp […]
U.S. political polarization means Fitch debt downgrade is here to stay, economist says
[ad_1] Fitch Ratings in New York, United States. Cem Ozdel | Anadolu Agency | Getty Images Growing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to Elliot Hentov, head of macro policy research at State Street Global Advisors. Global stock markets fell sharply on Wednesday […]
U.S. debt downgrade sinks global markets — but economists are not concerned
[ad_1] Traders work on the floor of the New York Stock Exchange, June 29, 2023. Brendan McDermid | Reuters Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top economists say there is nothing to worry about. Fitch announced late on Tuesday that it had […]