The US state governments are in big fiscal trouble -- in large part due to the greedy public sector unions which have seized control of large parts of state and local government -- and can control the swing of local and state elections.
Gullibility is the principle cause of financial bubbles (via Simoleon Sense)
Small investors may be taking too big a risk in the bond market -- helping to inflate the growing bond bubble.
This Niall Ferguson video explains why the big-spending US Obama regime may be leading the US to the edge of the abyss -- and beyond.
The ebullient enthusiasm in the recent US stock market and commodities markets may be based upon misplaced optimism.
Gullibility is the principle cause of financial bubbles (via Simoleon Sense)
Small investors may be taking too big a risk in the bond market -- helping to inflate the growing bond bubble.
This Niall Ferguson video explains why the big-spending US Obama regime may be leading the US to the edge of the abyss -- and beyond.
The ebullient enthusiasm in the recent US stock market and commodities markets may be based upon misplaced optimism.
Labels: economics
posted by al fin at 12:26 pm
1 Comments:
This paints a far less bleak picture of CA's financial situation than I would have imagined. Basically, our debt-to-GDP ratio is low which is all investors care about. That probably explains why we've been able to get away without passing a budget on time for the past 20 years.
I did a search though and CA is a net tax consumer in the Union and has the 49th worst business climate, so I'm not really sure what to make of that chart, even without mentioning the demographic melt-down.
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