Archives for “Debt”
While hardly a household name, Dr. Harry Markowitz developed a new way of looking at savings and investment that has fundamentally changed the financial world. In the 1950′s, Markowitz quantified the benefits of diversification in one’s savings. Prior to his work, most investors thought in terms of individual good and bad investments, but Markowitz proved [...]
Whenever someone says “you know I am good for it,” or “I am going to pay you back really soon,” or “I am just a little short right now,” it is safe to conclude that you are not going to be paid and that the person to whom you foolishly lent money is broke. When [...]
Contrary to mainstream media reports, the Tea Party movement has caught the imagination of a large body of the US. Reporters routinely underreport the attendance at these rallies, perhaps because they cannot believe that Tea Partiers are far more relevant and vibrant than their familiar subjects – peace protestors, anti- traders, and environmentalists. The big [...]
The US Government’s balance sheet is looking a bit unsound lately – $12.4 trillion in public debt. Correcting for the Enron-like accounting that hides the Government’s Social Security and Medicare liabilities, the figure is estimated at $59 trillion. While “can’t” is not in the traditional American vernacular, repaying $59 trillion in debt, or even servicing [...]
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