Creative Solutions to America’s Problems, Part 1: The National Debt and Unfunded Liabilities

The US government is in debt to the tune of $13 trillion.

Estimates of the US government’s unfunded future liabilities run to more than $100 trillion.

Hey, we can fix it!

The US uses a fiat currency. There’s no problem, in theory, with temporarily pegging that currency to another, or accepting/offering another currency in . . . → Read More: Creative Solutions to America’s Problems, Part 1: The National Debt and Unfunded Liabilities

Earnings For S&P 500 Firms Still Increasing

Earnings for members of the Standard & Poor’s 500 are expected to increase another 27% from a year earlier and their associated revenues are seen to also rise — perhaps another 9%, said Thomson Reuters last week. Actual earnings season for Q2, begins shortly…

In the first quarter of 2010, S&P 500 firms’ earnings . . . → Read More: Earnings For S&P 500 Firms Still Increasing

RBI’s Tightening

RBI raised rates, saying that they are concerned about inflation. What is the state of inflation in India? I find it useful to look at an approximate `core WPI’ that is obtained by removing food and fuel from the overall WPI. This has to be done carefully because some food is present in WPI . . . → Read More: RBI’s Tightening

Economic Events on July 6, 2010

At 10:00 AM EDT, the ISM non-manufacturing index for June will be released.  The consensus estimate is that it decreased 0.4 points last month to a value of 55.0, but will continue to signal economic growth as it remains well above the mid-point of 50.

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