Archive | February, 2016

Candidates’ Silence on Debt Speaks Volumes

22 Feb

Isn’t it odd (or sad?) that none of the presidential candidates are campaigning on – or even talking about – reducing the budget deficit? After our last financial crisis, the deficit rose to 12 percent of GDP. That includes TARP, economic stimulus and other spending that has since become “the norm.” Back in 1991, when the [...]

Slumping Sales, Job Losses Stain Early 2016

15 Feb

Early 2016 lacks promise to say the least. In many respects, stocks are tanking. And retail sales are slumping, highlighted (or lowlighted) by Wal-Mart closing 154 stores in the U.S. Think about that. Wal-Mart is one of the largest employers in the country. That’s a huge hit. But if we’re being honest, the dark clouds [...]

Recession Ahead?

8 Feb

The case for a 2016 global recession is strengthening. Economic patterns and data indicate weakness worldwide. European troubles, not to mention our own domestic issues, could shoot the global economy downward. The European debt crisis has been a big issue, and quite frankly, a mess. The central bank has done lots of quantitative easing to [...]

Economic Fiction

1 Feb

“Anyone claiming America’s economy is in decline is peddling fiction.” – President Barack Obama, Jan. 12, 2016 My readers can now refer to me as a fiction writer then because despite the president’s assertion, the data and several analysts (armchair and otherwise) disagree. A few cases in point… When I got into financial planning, there [...]