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Posts Tagged ‘IMF Managing Director Dominique Strauss-Kahn’

The Time Bomb of Global Government Debt and Deficits Is Ticking Louder

Posted by Larry Doyle on June 23rd, 2010 12:35 PM |

Living beyond one’s means is a path to long term pain. That path is not in front of us, but rather is upon our nation and many others around the world.

The cost of funding the global government debt and deficits will continue to serve as a drag on our economic future. While financial wizards may believe the debts can be postponed, the simple fact is in the midst of a sluggish economy, global governments will not generate sufficient tax revenues to fund spending programs and the deficits. What does this mean? Lessened spending, increased taxes, and assorted other measures of fiscal austerity.

The Financial Times provides a fabulous review on this topic today in writing, Public Finances: Daunted by Deficits:¬†>>> (more…)

Greek Bailout Needs Triple

Posted by Larry Doyle on April 28th, 2010 10:44 AM |

Just how big is the financial sinkhole swallowing Greece? Bloomberg just reported that the hole is likely three times the size previously reported. Where does it end? This breaking news is a MAJOR curve on our economic landscape. (more…)

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