The route to bankruptcy for a country is no different than it is for a corporation. First, underestimate revenue by a magnitude of ten. For 2009 the tax revenue for the cities, states, and United States will shrink by 25%. This is just the combination of more people not working, less income for those working, and Read the full article…
A big concern in Washington is the lack of consumer spending. Everyone wants to fix that. Get the public to start spending again. Washington is going to spend over one trillion of our dollars to get us spending again. Why have we stopped spending? Our house is worth half what it was three years ago. Read the full article…
New forecasts just came out for crude oil production in 2009. The International Energy Agency, which does this kind of thing, says production will be down more than last year’s forecast for 2009. This organization, based in Paris, does oil forecasting for oil producing countries. They make predictions from a study of 800 of the world’s Read the full article…
