Come the next crisis, our problems will intensify. Tax revenues will plummet. Deficits will grow to $2 trillion a year in 2019 or 2020.
Trump will do whatever he can to keep prices rising on Wall Street — by talking up the economy with his usual mixture of real bravura and counterfeit facts.
The stock market is more volatile than it’s ever been. Why? Well, it all comes down to America’s ferocious appetite for debt.
As the Dow seesaws, the major casualty this past week has been Sears. Here’s how financial hustling contributed to the company’s collapse.
The US government is the largest player in the financial markets. It is the biggest spender. So when it acts irresponsibly, the consequences can be dire.
Are you thrilled by booming stock prices? Well, don’t be. An expansion of debt will always lead to a contraction of debt. A crash is looming on the horizon.
Argentina is a banana republic with a high deficit and a currency crisis. America needs to be cautious if it wants to avoid the same fate.