Today, the United States borrows 43 cents of every dollar it spends. The first budget sent to Congress by President Obama would have taken that to fifty cents in no time. Fortunately, that was rejected. In one of his numerous harangues about not getting his way on the debt ceiling, meaning tax increases that even Read the full article…
An employee of Charles Schwab told me that one of their top analysts spoke at a conference and told the attendees that America’s banks may be bankrupt. Shocking? Untrue? Maybe, maybe not. Statistics show that foreclosures are about to re-erupt. Rising unemployment and falling home prices are the root cause. While home sales are steadying, Read the full article…