Free Republic

Jeff Gundlach: We Have Looked Into The Debt Abyss And Decided Enough Is Enough Gus Lubin Sep. 23, 2010, 9:08 AM For the moment, legendary bond investor Jeff Gundlach has backed off on inflation warnings. Now he's worried about deflation catching the sputtering economy.He tells Morningstar (emphasis ours): The problem, though, is that the markets and the economy to date have offered scant evidence to support the inflation case. Stocks are down over the past 10 years. Real estate is down hard over the last five years. Commodities are down sharply over the last two years. Instead of spiking to...

Paul Krugman: Lost Decade, Here We Come Henry Blodget Jun. 6, 2010, 9:49 AM Paul Krugman continues to argue that a return to "austerity"--an effort by world governments to reduce the massive deficits that have followed the financial crisis--will bury the global economy. Just as bad, Krugman says, austerity will cause deficits and debt to balloon even more, because tax receipts will plummet. Thus, Krugman views the G20's new focus on reducing deficits as a disaster: The deficit hawks have taken over the G20: “Those countries with serious fiscal challenges need to accelerate the pace of consolidation,” it added. “We...

Another War Is Required To Burn $13 Trillion Of U.S. National Debt Politics / US Debt Jun 04, 2010 - 07:57 AM By: Ekaterina Yevstigneyeva - Pravda The national debt of the United States reached the record level of $13 trillion, which means that every US citizen owes the world $42,000. It seems that the US administration does not seem to care much about the fact. Barack Obama believes that it is the fault of the previous government. Obama stated during his speech at Pittsburg that his administration was not guilty of the enormous national debt. He said that he...

New Jersey Teachers Union Official Wants Governor Dead For Proposing Salary Freeze Mike "Mish" Shedlock Apr. 13, 2010, 4:05 PM Governor Christie is calling for the firing of the Teachers' Union official who sought for prayers Christie's death. Christie was discussing death threats and other items on CNBC. (Video below) New Jersey has a state budget of $29 billion and a deficit of $11 billion. New Jersey has among the highest property taxes in the nation yet the union wants more tax hikes. Christie says the union argument "you are hurting the children" is an old, long worn out song....