Tag: "DEFICIT"

THE ECONOMIC RIP TIDE – THE PAPER BUBBLE

THE ECONOMIC RIP TIDE – THE PAPER BUBBLE

Chapter Three As a doctor in the Emergency Department I occasionally saw patients with strange complaints. The complaints generally concerned pain in different parts of the body. The patient, almost always, was a male. Since, I was very experienced, I could tell after a few minutes of conversation and a visual inspection of the patient’s [...]

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EVERYTHING YOU NEED TO KNOW TO BE EINSTEIN!

EVERYTHING YOU NEED TO KNOW TO BE EINSTEIN!

No comments! If you read all this you have excellent self control! Original article from Medscape Which Foods Are Best for the Brain? Diet is inextricably linked to conditions such as heart disease, obesity, and diabetes. However, what we consume also seems to have significant implications for the brain: Unhealthy diets may increase risk for [...]

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SOROS: GREEK BAILOUT IS WORTHLESS!

SOROS: GREEK BAILOUT IS WORTHLESS!

Soros: Greek Bailout Won’t Rid Europe of ‘Danger’ By Lorraine Woellert, from Bloomberg Billionaire investor George Soros predicted weak growth and lingering political tension that could shatter Europe’s economic union even if Greece agrees to austerity measures. “Right now the European Union and particularly the heavily indebted countries face a lost decade,” Soros said. “It [...]

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CAN EUROPE GROW OUT OF DEBT?

CAN EUROPE GROW OUT OF DEBT?

The big story in Europe today is “Growth.” Paying off the debt is important, but that is bringing a new problem: Recession. In order not to create new debt, you must have austerity: That is, not spend too much. When a country stops spending and has little else to support its economy, it starts to [...]

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GERMANY SAYS: NEIN!

GERMANY SAYS: NEIN!

Germany Shoots Down ‘Dreams’of Swift Euro Crisis Solution By Rainer Buergin and Tony Czuczka, from Bloomberg Germany said European Union leaders won’t provide the complete fix to the euro-area debt crisis that global policy makers are pushing for at an Oct. 23 summit. German Chancellor Angela Merkel has made it clear that“dreams that are taking [...]

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BELLA ITALIA? SOLO “AA” !!!

BELLA ITALIA? SOLO “AA” !!!

From CNNMoney In another sign of the tough financial conditions in Europe, Moody’s on Tuesday cut Italy’s credit rating by three notches and assigned it a “negative outlook.” While that’s a notable drop, the new rating — A2 — is still comparatively high and Moody’s noted that “the risk of default by Italy remains remote.“ [...]

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CAN GERMANY FOOT THE BILL?

CAN GERMANY FOOT THE BILL?

THE GERMANS WALK OUT By MARCUS WALKER, from the Wall Street Journal BERLIN–The exit of Germany’s top man at the European Central Bank is likely to feed some Germans’ worst fears about the euro: That the currency, which was meant to be as strong as the old German mark, is turning into the wobbly Italian [...]

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RETIRE? THINK AGAIN!

RETIRE? THINK AGAIN!

Many Americans are planning to retire on the income from their Union or Specialty Group pension fund. They then anticipate adding Social Security benefits when they reach age 65. However, as we see in the 3083 reports in the New York Times, many of these potential retirees may find their their Pension Funds do not [...]

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