California Policy Center published an interesting study – interesting in all kinds of ways, including its outline of the doom-and-gloom future of state and local pension plans if stocks turn down sharply, preceded by its prediction that stocks will turn down sharply as valuations are totally unsustainable.
A secret US-Saudi deal from 1973 falls apart.
Does this sound like a drug addict?
A stunning chart.
Distressed investors are a different breed of cat. Like repo men, they do well when everyone else gets hammered.
US government flunked audit, financials an “unauditable” mess. What happened next? (Short tragic-comedic video).
But hey, the volcano hasn’t erupted yet. So let’s just party on.
For individual Americans, economic “growth” has meant the opposite.
We’re shocked and appalled: they’re lying to us, here in the land of open and transparent governance?
The US gross national debt ballooned far faster in fiscal 2014 than what government accounting of the budget deficits would have you believe.