RSS SubjectsBlogs about "Debt"


Obama accuses Romney of 'cow-pie distortion' on debt, deficits
2012-05-25 04:58:00
On his first visit back to the Iowa state fairgrounds since the 2008 campaign, President Obama used a grassroots rally to launch sharp new attacks against rival Mitt Romney over the debt and deficit.
U.S Debt Bush v Obama
2012-05-24 00:09:00
Let us put things into real perspective no deficit to GDP playing with numbers just the debt. In 2000 when Progressive GW took office was 3.6 trillion dollars at the end of 2 terms, 8 years, with 2 wars the debt was 5.8 trillion dollars and the left was screaming the whole time about the debt. Now, the debt in less than 4 years under uber progressive obama is 15.7 trillion dollars; fact.
Student activists broadcast debt owed with ball and chains
2012-05-23 19:54:00
A handful of student activists are expressing their displeasure at the rising cost of college by wearing inflatable ball and chain accessories over their graduation robes. The props state the amount of debt with which they're graduating. The silent commencement protest, dubbed "Occupy Graduation" by its organizers, is taking place at seven universities around the ...
Boehner insists on tying debt limit increase to spending cuts
2012-05-20 14:46:00
House Speaker John Boehner, R-Ohio, stood by his call insisting that any increase in the debt limit should be offset by greater cuts in spending and tax reform before the end of the year, saying that working toward an agreement now would improve the economy.
Boehner?s Address on the Economy, Debt Limit, and American Jobs VIDEO TEXT
2012-05-16 02:11:00
Following is the full text, as prepared for delivery, of House Speaker John Boehner?s (R-OH) address to the Peter G. Peterson Foundation?s 2012 Fiscal Summit on efforts to put our nation back on a path to prosperity and economic growth by cutting government spending, preventing job-crushing tax hikes, and making long-term changes to entitlement programs. In the address, Boehner renews his commitment to the principle that any increase in the nation?s debt limit must be accompanied by spending cuts and reforms larger than the amount of the debt limit hike. Failing to again meet this standard ? dubbed the ?Boehner principle? by Stanford economist John B. Taylor ? in conjunction with the next debt limit increase means pushing American prosperity and job growth farther away. FULL TEXT TRANSCRIPT: It?s truly an honor to be with you in the historic Mellon Auditorium. It was here in the spring of 1949 that the United States and our closest allies gathered to sign the North Atlanti...
Romney: Federal debt ?threatens what it means to be an American?
2012-05-15 22:48:00
Mitt Romney warned Tuesday that out of control government spending "threatens what it means to be American" and pledged that if elected he'll lead the country out of "this debt and spending inferno." Speaking to supporters in Des Moines, Iowa, the presumptive Republican nominee called the growing federal deficit "America's nightmare mortgage" and likened it ...
Republican National Committee Releases New Web Video Empty Promises: Debt &
2012-05-14 22:59:00
WASHINGTON - The Republican National Committee (RNC) released a new web video "Empty Promises: Debt and Deficits" demonstrating President Obama's repeated broken promises when it comes to spending. Barack Obama promised to cut the deficit in half by the end of his first term but has run trillion dollar deficits every year since. Now, as he's campaigning for a second term, he's making the same empty promises he made four years ago. FULL TEXT TRANSCRIPT: "President Obama has broken his promise over and over when it comes to reining in Washington's out of control spending," said RNC Chairman Reince Priebus. "During the campaign, he lambasted the growing debt and, once elected, he pledged to cut the deficit in half by the end of his first term. "Yet, President Obama's record has been to double-down on Washington's out of control spending by running trillion dollar deficits every year he's been in office. His serial disregard of the nation's finances is mortgaging our children...
The End of the Debt Supercycle Draws Near: John Mauldin
2012-05-10 16:24:00
Source: Karen Roche and JT Long of The Gold Report (5/7/12) Are developed nations across the globe at the precipice of oblivion? Yep, says pundit John Mauldin. Fresh after the announcement of a new joint venture with Casey Research and the conclusion of his own Strategic Investment Conference in Carlsbad, Mauldin spoke . . . → Read More: The End of the Debt Supercycle Draws Near: John Mauldin
The End of the Debt Supercycle Draws Near: John Mauldin
2012-05-08 01:32:00
The Gold Report: What does your new partnership with Casey Research mean for investors going forward? John Mauldin: We’re creating a joint venture, Mauldin Economics, which will have its own brand and publications. We’ll be starting out with a fixed-income letter. Casey Research and Mauldin Economics will be sister companies. It’s not so much a partnership with Casey as it’s a partnership with the team that runs Casey. There will be a number of other letters, too. Editors and writers whom I like and have worked with will be writing rather than me. My personal letter will still always go out … [visit site to read . . . → Read More: The End of the Debt Supercycle Draws Near: John Mauldin
Living the California debt based dream ? adjustable rate mortgages and bank
2012-05-07 23:38:00
The California housing market sits in an odd stage of limbo.  You can see that the public for the most part is fully aware of the situation like an Alamo standoff in real estate.  People fully acknowledge now that banks are holding off a tremendous amount of inventory.  There is little that is secretive about ...
Raising Private Money ? Debt or Equity Partners
2012-05-06 16:34:00
When you are ready to start raising private money for your real estate deals, there are two different types of private money partners you can look for: debt partners and equity partners.  Both can help you raise all the money you need to fund your real estate deals, but they work very differently.  In this ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Raising Private Money – Debt or Equity Partners
Is it okay to hire a cleaning lady when you have debt?
2012-05-04 01:21:00
Is it okay to hire a cleaning lady when you have debt? is a post originally published on: Everything Finance - Everything Finance - Its all about Money!My husband and I have been living in our new place for almost three months now and we have still been unable to create a standard cleaning schedule. It used to take me a couple of hours, tops, to clean our 400 sq. ft. shack, but now it takes me at least a solid several ...Get a free mortgage quote!
12 Scary Debt Facts for 2012
2012-05-02 07:08:00
As President Obama unveiled the 2013 fiscal year budget, the nation’s financial situation came back into sharp focus. Experts say partisan gridlock in Washington means the budget will probably go nowhere. Considering this is an election year, however, expect politicians to harp on facts, figures and terms that most Americans weren’t taught in high school. To help ...
Newt Gingrich $4 million in debt; Staffers and creditors fume
2012-05-02 02:22:00
Former Gingrich campaign staffers say they're still waiting on weeks of back pay.
Student Loans Could Be the Next Housing Bubble
2012-04-28 06:49:00
Could the next bubble to burst be student loans? The burden is big: U.S. college students borrowed $117 billion in federal student loans last year, and the Consumer Financial Protection Bureau reported earlier this year that debt from student loans exceeds $1 trillion, surpassing credit card debt for the first time. Tuition and fees at ...
2012-04-26 18:01:00
With student loans in the United States accumulating to over $1 Trillion USD there's very little room left under the rug to hide the reality. The increasing cost of higher education coupled with the terrible job market has become the perfect storm condition that hass allowed student loan debt to rise higher than American credit card debt. That being said, Representative Hansen Clarke of Michigan has just introduced H.R. 4170, the Student Loan Forgiveness Act of 2012, in the House of Representatives--legislation designed to lend a helping hand to those struggling under massive amounts of student loan debt. Folks interested in the bill and its details can check it out in its entirety here or visit to learn more about spreading the word.
EUR Recovers Following Successful Debt Auction
2012-04-25 07:46:00
Source: ForexYard EUR Recovers Following Successful Debt Auction The euro staged a slight recovery against the US dollar yesterday, following a successful Dutch debt auction which calmed investor fears regarding the recent political turmoil in Holland. After tumbling over 100 pips earlier in the week, the EUR/USD was once again above the 1.3200 level during the afternoon … [visit site to read . . . → Read More: EUR Recovers Following Successful Debt Auction
Europe pressed to deliver debt fix
2012-04-22 03:21:00
WASHINGTON (Reuters) - Global finance chiefs pressed Europe on Saturday to take advantage of newly increased financial buffers and make the lasting reforms needed to tackle its debt crisis, which is threatening the world recovery. A day after advanced and emerging countries agreed to double the firepower of the International Monetary Fund to help contain Europe's debt crisis, the IMF's governing panel said the 17-nation euro area must make more cuts to government debt burdens, push bold economic reforms and stabilize financial systems. ...
IMF warns Europe not to ease up debt battle
2012-04-22 00:22:00
An infusion of hundreds of billions of dollars will give the International Monetary Fund a badly needed boost to tackle Europe's prolonged debt crisis. But global finance officials sent a strong message Saturday that struggling governments must speed reforms or risk spooking jittery markets and raising the economic danger.
IMF moves to calm market fears over European debt
2012-04-21 16:09:00
Finance ministers and central bankers hope a $430 billion-plus increase in assistance for the International Monetary Fund is enough to handle any fresh crisis among the 17 nations that share the euro as their currency.
IMF moves to calm market fears over European debt
2012-04-21 09:48:00
Finance ministers and central bank governors hope a more than $430 billion increase in resources of the International Monetary Fund will be enough to handle any fresh crisis in the eurozone.
Spanish Debt Auction Leads to Moderate Euro Losses
2012-04-20 08:31:00
Source: ForexYard Spanish Debt Auction Leads to Moderate Euro Losses The euro took moderate losses against its main currency rivals during yesterday's trading session, following a Spanish long-term debt auction. While the auction was successful, it came at a higher than expected cost to the Spanish government, and did little to ease investor fears regarding the overall … [visit site to read . . . → Read More: Spanish Debt Auction Leads to Moderate Euro Losses
EUR Tumbles Ahead of Spanish Debt Auction
2012-04-19 07:56:00
Source: ForexYard EUR Tumbles Ahead of Spanish Debt Auction The euro turned bearish against virtually all of its main currency rivals yesterday, as risk aversion returned to the marketplace ahead of today's Spanish debt auction. Additionally, a positive UK Claimant Count Change figure led to a steep drop for the EUR/GBP. Today, in addition to the Spanish news, traders will want to monitor a batch of US news, including the Unemployment Claims and Existing Home Sales figures. Should any of the American news come in above expectations, the US dollar could see gains as a result. Economic News USD – US Existing Home Sales May Lead to Dollar Gains The combination of worries regarding euro-zone debt and the . . . → Read More: EUR Tumbles Ahead of Spanish Debt Auction
What they won?t tell you about paying off debt
2012-04-19 07:22:00
What they won?t tell you about paying off debt is a post originally published on: Everything Finance - Everything Finance - Its all about Money!If you?ve been focused on paying off your debt, or perhaps saving for a big life event such as a wedding or buying a house, you may reach a point where you?ve just had enough. This is what they won?t tell you when it comes to paying off debt: sometimes it?s okay to take a ...Get a free mortgage quote!
How this disastrous debt bill will affect energy programs in the U.S. Gover
2012-04-05 08:14:00
From an article in yesterday's Popular energy and environmental programs should prepare for a decade of spending cuts under the debt deal reached late Sunday between the White House and congressional leaders. Constituencies fighting in the trenches for every dollar insist that their programs are small relative to other big-ticket items in the annual appropriations process. But there's still plenty of concern that everything from wastewater grants to air pollution monitoring and biofuels research and development will face the scalpel as lawmakers start cutting about $2.7 trillion in spending over the next decade. It goes on to list just a few of the programs slated to be gutted by this Republican-led extortion, sanctioned by the moderate conservative in the White House: James Walsh, a former New York Republican congressman and chairman of the House Appropriations subcommittee that handled the EPA's budget, predicted spending cuts for Energy Department programs de...
Recovery threatened by runaway student loan debt ? Yahoo! News
2012-04-03 11:48:00
Let’s say you own a business, and no matter what you charge people will buy from you. What is going to happen to the price of your goods in the future? Aren’t you going to make healthy price increases year …Read more »
Paul Ryan details choice of two futures: a path to debt and decline versus
2012-03-21 01:49:00
Paul Ryan details choice of two futures: a path to debt and decline versus a stronger, prosperous path of less debt VIDEOHouse Budget Committee Chairman Paul Ryan details what the choice of two futures means: a path to debt and decline versus a stronger, more prosperous path of less debt, lower taxes, and greater opportunity for generations to come. Learn more about The Path to Prosperity: A Blueprint For American Renewal.FULL TEXT TRANSCRIPT:Americans have a choice to make.A choice that's going to determine our country's future.Will it be a future that looks like the America we know? One of greater opportunity, greater prosperity...Or...more of what we're seeing today...debt, doubt and decline.Americans, not Washington, should decide.In 2010, voters asked for an alternative to the direction government was taking the country.Last year House Republicans responded by passing a budget to control government spending.And we're back with a budget that offers real solutions again.Make ...
Play Your Credit Cards Right
2012-03-20 04:29:00
Play Your Credit Cards Right is a post originally published on: Everything Finance - Everything Finance - Its all about Money!As a certified credit counselor I spend the majority of my day helping people that have gotten in over their heads with credit cards. I am typically not a proponent of credit card use, however when used responsibly you can actually use credit cards to your advantage. The credit-card game has changed dramatically over the ...Get a free mortgage quote!
Obama: Doubling Down on Debt
2012-03-19 23:09:00
The man who, as presidential candidate, pledged a “net spending cut,” has now, as president, overseen an increase in the national debt greater than that of a predecessor whom he derided for his profligate ways.  And Barack Obama did this in less than half the time George W. Bush was in office. Tomorrow will mark ...
Why Stock Markets Ignored Jobs Report and Greek Debt Deal
2012-03-14 13:32:00
International Monetary Fund recently warned that "The global economy is at a precarious stage and downside risks have risen sharply." There was much anticipation in advance of Friday’s Labor Department employment report for February. The report has a reputation for often coming in with a big surprise in one direction or the other that creates a dramatic market response. This time it did not. The consensus forecast was that 213,000 new jobs were created in February, and the unemployment rate would remain at 8.3%. The actual report was that 227,000 new jobs were created, and the unemployment rate remained at 8.3%. It was not a big surprise, but even so, it was a positive report for . . . → Read More: Why Stock Markets Ignored Jobs Report and Greek Debt Deal
Benefits to Using Cash over Credit
2012-03-14 06:53:00
Benefits to Using Cash over Credit is a post originally published on: Everything Finance - Everything Finance - Its all about Money!Many people rarely carry cash; instead, they use their credit cards for all of their daily transactions.  There are plenty of good reasons to use credit?it is easily accessible, you can track your expenses every month through your credit statement, you don?t have to worry about running out of money, and you can accrue cash ...Get a free mortgage quote!
Job creation ticks upward; debt accumulation accelerates skyward
2012-03-09 22:18:00
“The best 12 months” for job creation “in the post-war period”, reports economist Danielle Hall, “were September 1983 to August 1984 when 4.9 million jobs were added.”  In September 1983 alone, “the US economy under President Reagan created 1.1 million jobs.”  Keep that figure in mind when you hear the media trumpet the latest employment figures. ...
Greek Debt Swap Offer Closed
2012-03-09 09:50:00
Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY -0.10 GBP -0.20 CHF -0.32 EUR -0.34 Risk appetite held firm for most of the Asian session until the much anticipated results of the bond swap offer were announced. Reuters reported that Greece announced that 85.8% of bondholders (?172bn tendered in swap ) have accepted the offer. EURUSD dropped to 1.3224 from 1.3270, as traders were slightly disappointed given the positive news flow yesterday. However, the reaction to the results… Read More …
Greek Debt Swap Fears Continue to Weigh on EUR
2012-03-06 07:41:00
Source: ForexYard Greek Debt Swap Fears Continue to Weigh on EUR Ongoing concerns regarding the Greek debt swap later this week, weighed down on the euro throughout yesterday's trading session. Risk aversion kept the EUR/USD close to the 1.3200 level, while the EUR/JPY dropped some 100 pips before staging a slight recovery during the evening session. Today, traders will want to continue monitoring any announcements out of the euro-zone for clues as to the level of risk appetite in the marketplace. Positive news may help the euro recoup some of its recent losses. Economic News USD – US Indicators Signal Further Growth in US Economy Confidence in the US economic recovery was boosted yesterday, following the release . . . → Read More: Greek Debt Swap Fears Continue to Weigh on EUR
Jennifer Streaks: Six Signs You May Have Too Much Debt
2012-03-05 18:16:00
We all carry some form of debt. Whether it be a mortgage, car note or student loans. Where you may run into trouble is when your debt starts to overwhelm and this can happen long before the bill collectors start calling.
Debt Collector di Samarinda Tewas Dibunuh Rekannya Sendiri
2012-02-27 17:05:00
Seorang debt collector , Ujang (55), Samarinda, Kalimantan Timur, tewas dibunuh rekannya sendiri, Yosafat (38). Tersangka berhasil ditangkap sekitar pukul 21.15 WITA setelah sempat melarikan ke Sangasanga, Kutai Kartanegara.
Greece Debt Swap Begins
2012-02-24 14:03:00
Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.03 CHF -0.01 GBP -0.08 JPY -0.67 Risk appetite generally increased in Asian session, as the Greek debt swap is scheduled to start today. Yesterday the Greek parliament agreed to the proposed debt swap law, which encapsulates the critical law for retroactive collective action clauses. Given the delicate nature today’s debt swap, traders will probably hold back until it’s confirmed that the process went smoothly. Finance Minister… Read More …
Deal on Greek Debt May Be Reached Today
2012-02-20 15:30:00
Source: ForexYard Deal on Greek Debt May Be Reached Today Following a hectic several days last week that saw the euro drop to a three-week low against the US dollar, the common currency may finally see some relief today. A scheduled meeting of euro-zone finance ministers is forecasted to result in Greece receiving a much needed bailout package. If a bailout deal is agreed to, analysts are predicting that the euro could see modest gains. At the same time, should the meeting of finance ministers come to the conclusion that Greece has still not done enough to merit receiving the bailout, the common currency may see additional losses to start out the week. Economic News USD – . . . → Read More: Deal on Greek Debt May Be Reached Today
Polri Akui Sulit Tindak Preman Berbalut Debt Collector
2012-02-20 14:40:00
Peran debt collector akhir-akhir ini kian menjamur. Polri mengaku tidak mampu bertindak lebih jauh untuk mengantisipasi peran preman berbalut debt collector ini.
Geithner says administration lacks solution to debt problem
2012-02-17 01:08:00
Expressing admiration last May for  ”Congressman Paul Ryan’s honest attempt to save Medicare”, Jon Huntsman wrote that critics of “his approach incur a moral responsibility to propose reforms that would ensure Medicare’s ability to meet its responsibilities to retirees without imposing an unaffordable tax burden on future generations of Americans.” Today, as James Pethokoukis reports ...
Federal debt increase under Obama to surpass that under W*
2012-02-17 00:36:00
The national debt, Mark Knoller reported last August, “was $10.626 trillion on the day Mr. Obama took office.”  Today, writes Tyler Durden, “the US total debt rose by $32 billion touching on a new record high of $15.392 trillion” – an increase of 4.766 trillion.  And Obama has not yet been in office for 37 months.  By ...
EUR Tumbles on Fresh Greek Debt Concerns
2012-02-16 08:00:00
Source: ForexYard EUR Tumbles on Fresh Greek Debt Concerns The euro tumbled throughout the trading day yesterday, after a planned meeting of euro-zone finance ministers was canceled. The meeting was supposed to result in Greece receiving a badly needed bailout package. The cancellation was taken as a sign that other euro-zone countries are worried that Greece will not stand by the conditions required of it to receive the bailout. Turning to today, traders will want to continue monitoring the Greek situation for clues as to where the market is heading. In addition, a batch of US data set to be released at 13:30 GMT may generate heavy volatility. Economic News USD – USD Moves Up Following Fresh . . . → Read More: EUR Tumbles on Fresh Greek Debt Concerns
Paul Ryan: President?s Budget Ensures Debt Crisis and Decline
2012-02-15 00:17:00
President?s budget reveals broken promises, failed leadership and a diminished future, February 13, 2012WASHINGTON ? Earlier today, President Obama introduced his Fiscal Year 2013 budget request, calling for record levels of spending increases, tax hikes, and debt. The President?s budget breaks his promise to cut the deficit in half by the end of his first term, and it breaks his obligation to all Americans to confront the nation?s spending-driven debt crisis.In response to the President?s failure of leadership, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement:?President Obama?s irresponsible budget is a recipe for a debt crisis and the decline of America. His refusal to honestly confront our nation?s most pressing challenges does real harm to the economic security of millions of American families. The $1.9 trillion tax increase proposed in his budget will make it harder for businesses to create jobs and for workers to spur economic growth.?This ...
EU Debt Crisis Continues to Fuel Risk Aversion
2012-02-08 08:09:00
Source: ForexYard EU Debt Crisis Continues to Fuel Risk Aversion The euro-zone debt crisis continued to fuel risk aversion in the market place yesterday, as poor news briefly brought the EUR/USD pair below the 1.3100 level. The pair staged a recovery later in the European session, after it was revealed that Greek leaders had begun finalizing a debt swap deal. Today, traders will want to continue monitoring the euro-zone situation, especially as it is becoming clear that Portugal will soon need a bailout to avoid defaulting on its debt. Economic News USD – USD/JPY Continues to Make Gains The US dollar extended its recent bullish run on the Japanese yen yesterday, with the pair reaching as high as . . . → Read More: EU Debt Crisis Continues to Fuel Risk Aversion
Tagih Konsumen, Debt Collector di Tangsel Ditikam Konsumen
2012-02-02 14:11:00
Galih, debt collector PT Mandala Multi Finance ditikam dengan sangkur oleh konsumennya di Kampung Kebantenan, RT 3/8 Kelurahan Pondok Aren Kecamatan Pondok Aren Kota Tangerang Selatan (Tangsel). Korban terluka parah di bagian punggung tembus ke dada.
Lack of Greek Debt Deal Sends EUR Tumbling
2012-01-31 11:17:00
Source: ForexYard Lack of Greek Debt Deal Sends EUR Tumbling After reaching a six-week high against the US dollar in early trading yesterday, the euro staged a downward correction after Greece once again failed to come to an agreement with its creditors regarding its debt. Today, traders will want to continue monitoring announcements out of the euro-zone, with any further negative news likely to bring the common currency further down. Additionally, economic indicators out of both Germany and France are likely to influence euro pairs today. Economic News USD – Dollar Stages Upward Correction Following Poor Euro-Zone News The USD came off a six-week low against the euro in trading yesterday, after news that Greece had once . . . → Read More: Lack of Greek Debt Deal Sends EUR Tumbling
Investors Eagerly Awaiting News of Greek Debt-Swap Deal
2012-01-23 08:43:00
Source: ForexYard Investors Eagerly Awaiting News of Greek Debt-Swap Deal While the euro saw some upward momentum in trading last week, the real test of the currency's strength will be today, as news of a possible deal on Greek debt is announced. Traders will want to pay close attention to the planned meeting of euro-zone finance ministers scheduled for later in the day. If Greece successfully reaches a deal with its creditors regarding its debt before the meeting, the euro may receive a significant boost in afternoon trading. Economic News USD – Dollar Likely to See Significant Movement in Heavy News Week The US dollar took some pretty significant losses against its main currency rivals last week, . . . → Read More: Investors Eagerly Awaiting News of Greek Debt-Swap Deal
Eurozone Sentiment Buoyed Ahead Of Italian Debt Auction
2012-01-13 10:00:00
Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD GBP 0.36 EUR 0.27 JPY 0.03 CHF -0.08 EURUSD has rallied well in the last 24 hours, prompted by the decent showing at Spain?s debt auction yesterday and the ECB press conference failing to fuel Eurozone pessimism. Central bank governor Mario Draghi acknowledged the challenges facing the economy going forward, but also pointed to ?signs of stabilisation? which sounded a lot more optimistic than many had expected him to be in the… Read More …
EUR Once Again Bearish Ahead of Debt Auctions
2012-01-12 08:41:00
Source: ForexYard EUR Once Again Bearish Ahead of Debt Auctions Ahead of a key European interest rate announcement scheduled for later today, the EUR once again has turned bearish following comments from a from a leading credit agency which highlighted just how vulnerable the currency is. With Spanish and Italian debt auctions scheduled to close out the week, traders can count on heavy volatility throughout the day today. Economic News USD – Return to Safe-Havens Turns USD Bullish The US dollar recouped many of its losses from earlier in the week yesterday, as traders once again abandoned riskier assets in favor of safe-haven currencies like the greenback. The move brought the EUR/USD just shy of its 16-month low, . . . → Read More: EUR Once Again Bearish Ahead of Debt Auctions
Look for End of Debt Supercycle: Thoughts from the U.S. Global Investors 20
2012-01-11 01:30:00
John Mauldin: Instead of doing an annual forecast, I’m going to look out about five years, which may be five times more foolish. What I want to do rather than try and figure out where the stock market is going to be at the end of 2012 or what gold is going to do, is look at the choices we have around the world. In most cases, political events don’t change the economic world all that much. It’ll probably annoy partisans on both sides, but if Clinton had lost to George Bush senior the first time, we would have still had a bull market. We were already in recovery. Yes, we would have had different Supreme Court Justices, . . . → Read More: Look for End of Debt Supercycle: Thoughts from the U.S. Global Investors 2012 Forecast
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