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Tag Archives: deficit

  • Daily Digest
    Image by frankieleon, Flickr Creative Commons

    Daily Digest 11/21 – Bitcoin-Rigging Criminal Probe Launched, Who’s Going to Pay for LA’s Pension Plans?

    by saxplayer00o1

    Wednesday, November 21, 2018, 3:04 PM

    1
    • Parks chief warns of 'massive cuts, huge layoffs' as soon as 2020 (Chicago)
    • No more excuses. Fix Pa. pension funds | Editorial
    • Who’s Going to Pay for LA’s Unsustainable Pension Plans?
    • ECB Official Warns QE Exit Could Spell Trouble for Italy's Debt
    • U.S. recession chances edge up, risk Fed delivers fewer hikes: Reuters poll
    • BOJ's Kuroda rules out early end of negative rate policy (Japan)
    • Unthinkable?
    • Bitcoin-Rigging Criminal Probe Focused on Tie to Tether
    • NY BitLicense Approval, Blockchain for Energy Commodities, CFTC Enforcement, Advertising Use Cases and More

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  • Daily Digest
    Image by sgryip, Flickr Creative Commons

    Daily Digest 8/5 – Record “Red Tide” Killing Wildlife In Florida, The Distribution Of Pain

    by DailyDigest

    Sunday, August 5, 2018, 4:12 PM

    4
    • Why companies flush with tax-cut cash are spending more on share buybacks than wage hikes
    • Coffins destroyed in China in search of solution to burying 9 million bodies a year
    • Trump Welcomes Immigrants, But Only If They Can Be Exploited
    • Senators introduce bill to slap 'crushing' new sanctions on Russia
    • Russian authorities prepare to soften plan to raise retirement age, sources say
    • Job growth has never lasted this long before. Neither has weak wage growth.
    • All Good Gadgets Go to Waste
    • Drug giant Glaxo teams up with DNA testing company 23andMe
    • Stonehenge mystery solved, says breakthrough scientific study
    • Apple is worth $1 trillion. Here's what that much money could actually do.
    • The Distribution of Pain, Redux
    • NOAA plans ‘outside the box’ response to save a starving Puget Sound orca
    • Meteor Explodes with 2.1 Kilotons of Force 25 Miles Above US Air Force Base in Greenland
    • Climate Change and the Next US Revolution
    • Record 'Red Tide' Of Toxic Algae Is Killing Wildlife In Florida
    • Everyday Plastics Found To Emit Greenhouse Gas Pollution As They Degrade

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  • Insider
    Micha Klootwijk/Shutterstock

    Japan’s Economy Is Shattering

    Abenomics is fast proving to be a costly failure
    by Chris Martenson

    Monday, April 28, 2014, 3:09 PM

    33

    When you are a fully-industrialized island nation that makes its living in the world by importing raw materials, fashioning them into useful exports, and collecting the difference as your profits, then you simply have to run a trade surplus for the model to work.

    Which means Japan is in big trouble:

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  • Podcast

    FerFAL: Here’s What It Looks Like When Your Country’s Economy Collapses

    Argentina is showing us the playbook in real-time
    by Adam Taggart

    Saturday, February 8, 2014, 7:36 PM

    24

    Argentina is a country re-entering crisis territory it knows too well. The country has defaulted on its sovereign debt three times in the past 32 years, and looks poised to do so again soon.

    Its currency, the peso, devalued by more than 20% in January alone. Inflation is currently running at 25%. Argentina's budget deficit is exploding and, based on credit default swap rates, the market is placing an 85% chance of a sovereign default within the next five years.

    Want to know what it's like living through a currency collapse? Argentina is providing us with a real-time window.

    So, we've invited Fernando "FerFAL" Aquirre back onto the program to provide commentary on the events on the ground there. What is life like right now for the average Argentinian?

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  • Insider

    We’re All Turning Japanese

    Japan is the proxy for our future
    by Gregor Macdonald

    Tuesday, September 10, 2013, 5:40 PM

    28

    Executive Summary

    • As goes Japan's efforts to rescue it's economy, so will go the U.S. and E.U.
    • Japan's options:
      • Outsource its manufacturing base
      • Replace as much human labor with automation as it can
      • Rush to trade its depreciating currency for hard assets around the world
    • What Japan is telling us about the Keynesian endpoint

    If you have not yet read Part I: Abenomics' Dismal Anniversary, available free to all readers, please click here to read it first.

    Japan Is Reflecting the Future of Western Economies

    While many observers continue to follow Europe as the proxy for post-growth dynamics in the OECD, it's actually Japan that merits the closest analysis.

    Much farther along in its post-growth phase, bloated with government debt and having tried a number of big-bang initiatives over the decades, Japan not the U.S. or Europe is leading the way. The country has never really recovered from the gigantic property and stock bubble over twenty years ago.

    As proof, just consider the biggest trading story of the past 12 months. Was it the Federal Reserve's intention to taper? How about the chaos in emerging market currencies in countries like India and Indonesia? Or perhaps the continued economic depression in peripheral Europe, as countries like Spain, Portugal, and Greece re-run the 1930s, with mass unemployment and people burning wood from forests to say warm? No, not even such dramatic suffering in Europe was enough to move markets or the EUR currency much this past year.

    Instead, it was Abenomics and the front-running (and then chasing) of wildly huge moves in both the Nikkei and JPY that helped drive liquidity and speculative juices across all markets. It is not a coincidence that the peak of this frenzy in May heralded the peak in many markets.

    But Japan has more than a financial problem. Despite the hand-wringing about Japan's debt, the world has ignored for some time now Japan's debt-to-GDP, GDP on an absolute basis, and Japan's low cost of capital. Japan borrows. Japan prints. Japan devalues. But the world doesn't care.

    An issue the world may finally begin to care about, however, is that Japan has failed to launch itself out of deflation and is making very little progress in its struggle now. Indeed, Japan has a demographics problem and a resources problem that far outweigh its financial problems. To this point, instead of launching into recovery, Japan is running with the resources Red Queen, as every step of its currency devaluation is met with rising costs to import the raw materials Japan uses to make its goods…

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  • Blog
    Skypixel | Dreamstime.com

    Why We All Lose If the Fed Wins

    Fighting the wrong battles
    by Chris Martenson

    Monday, August 19, 2013, 11:20 PM

    81

    If we hold the view that humans are behaving unsustainably in terms of any of the 'three Es'  the economy, energy, or the environment  then any rapid resumption of a paradigm of exponential growth in our consumption of natural resources or in our growth of debt over income simply takes us more quickly to the bitter end of this story.

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  • Daily Digest
    Image by JasonParis, Flickr Creative Commons

    Daily Digest 7/31 – India At Watershed, Detroit Has Bigger Problems Than Bankruptcy

    by saxplayer00o1

    Wednesday, July 31, 2013, 4:01 PM

    4
    • Shipbuilders' losses seen widening
    • Bank of Cyprus deposits raid boosts finances
    • Greece sells state lotteries, clears way for OPAP sale
    • UK Losing Fight Against E-Crime Amid Budget Cuts, Parliamentary Committee Warn
    • Amid bankruptcy, Detroit has a bigger problem
    • Growing copper theft 'like an epidemic' sweeping US
    • India at a watershed as it confronts the spectre of stagflation
    • India central bank pat on rates, cuts growth view
    • African Barrick Writes Down Mines, Cuts Costs After Gold Tumbles
    • Court ruling allows Flint to start collecting on retiree cuts
    • Miami Springs counting on red-light camera revenue in face of deficit

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  • Podcast

    Ron Paul: Rejecting Authoritarian Government Is Our Greatest Priority

    Self-reliance is the key to our future
    by Adam Taggart

    Sunday, June 9, 2013, 4:00 PM

    43

    Dr Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies.

    His last term in the U.S. House of Representatives ended earlier this year, so we caught up with the former Congressman to get his latest perspective on how successfully our national leadership is dealing with America’s economic challenges.

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  • Daily Digest
    Image by Images_Of_Money, Flickr Creative Commons

    Daily Digest 6/5 – Portugal ‘Should Leave Euro’, Beef Prices At Record High

    by saxplayer00o1

    Wednesday, June 5, 2013, 1:39 PM

    3
    • EPA: The United States needs $384 billion in drinking-water infrastructure improvements
    • Argentina May Tax Revenue Rises 27.4% on Year to ARS77.8 Billion
    • Portugal 'should leave euro': best-selling economist
    • Portugal's biggest unions band together for general strike
    • Italian businessmen drop trousers to protest hounding by taxman
    • Many Probationers Go Unsupervised Because of Budget Cuts
    • Cost cutting: Spain's national police buy own bullet-proof vests
    • Chicago Public Schools new pension headache
    • Illinois Losing Rally as State Fails to Fix Pension: Muni Credit
    • China gold imports to keep growing after hitting record high
    • Disney hikes some park prices to over $90
    • Beef Prices Hitting Record High for Summer
    • Gold Imports by India Seen Falling as Central Bank Widens Curbs
    • State of Florida to increase yellow light minimums following 10 News Investigation into red-light camera intersections

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  • Daily Digest
    Image by thelightinlife, Flickr Creative Commons

    Daily Digest 5/7 – France’s Budget Gap Widens, Australia Faces Decade Of Debt

    by saxplayer00o1

    Wednesday, May 8, 2013, 2:03 PM

    3
    • Unemployment haunts Social Security recipients
    • Spanish Banks Refinanced, Restructured $272.4 Billion in Loans
    • Australia faces decade of debt, economists warn
    • France's budget gap widens in March
    • L.A. city employees urge leaders to go after uncollected fees, taxes to balance $7.7B budget
    • Copper theft epidemic has lawmakers looking for answers
    • Wall Street sees Fed buying $1.25 trillion of assets in stimulus: Reuters poll
    • India's cheap food plans to prove costly for government
    • French Industrial Output Drops as Hollande Aims to Revive Growth
    • Wichita school district counts record number of homeless children
    • Greenspan-Era Faith in Fed Seen With Bernanke: Chart of the Day
    • Many Americans say they can't retire until their 70s or 80s
    • Bankers Warn Fed of Farm, Student Loan Bubbles Echoing Subprime
    • Australian Central Bank Cuts Key Rate to Historic Low
    • New red light camera law could raise cost of appeals
    • Moody’s Says Cities View ‘Strategic Default’ as Less Taboo

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