All Posts Tagged With: "deficit"
October 2008 budget deficit sets record
The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.
The Treasury Department said Thursday that the deficit…
Bailout Plan Forcing U.S. to Borrow $1.4 Trillion, Creating a $1 Trillion Deficit
The U.S. Treasury Department plans to borrow a record $550 billion in the current quarter, and another $368 billion in the first three months of the New Year – money needed to fund the $700 billion bailout plan the government…
5Nov2008 | Money Morning | 0 comments | ContinuedBalooning Deficits…But Who Cares?
In the first 16 days of the new fiscal year the U.S.’ national debt grew by $300 billion. That’s a growth rate of 75% and equates to a debt load of $17 trillion by this time next year. But, as…
23Oct2008 | The Real Deal | 0 comments | ContinuedInvesting in Innovators
Looking for the Innovators
While in Vienna last month, I grabbed hold of the international edition of The Wall Street Journal. Over a classic Viennese breakfast of coffee, a boiled egg and pastry, I stumbled across an interview with Ted Forstmann,…
29Aug2008 | Whiskey and Gunpowder | 0 comments | ContinuedWELCOME TO A TRILLION-DOLLAR DEFICIT, MR. PRESIDENT
If you are a typical citizen, you like deflation. You want your wages and investment income to stretch as far as possible. Falling prices, or rising purchasing power, are a sign of economic progress - the progress resulting from productivity…
29Aug2008 | Daily Reckoning | 0 comments | ContinuedPrepare to Profit From the Trillion Dollar U.S. Budget Deficit
The federal budget deficit hasn’t received a lot of press lately, what with all the worries about the U.S. financial system, the home mortgage market, and the rescues that might be necessary to save both. In fact, it’s a bad…
25Jul2008 | Money Morning | 0 comments | ContinuedThe Limited Shelf Life of Dollar Fruit
Today, we’ll keep it short and sweet.
The Dow managed only a piddling 32-point rise yesterday; still no recovery from last week’s big losses.
Oil rose another $1.30 - to close over $141. Gold jumped $16; it will now cost you $944…
3Jul2008 | Daily Reckoning | 0 comments | Continued
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