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Monthly Archives: August 2011
The Inevitable U.S. Financial Crisis
All great empires rise and fall. It is difficult to accept this truth when you are a part of the history. In brief, nobody has a crystal ball. However, in academic circles and in future markets the picture is becoming … Continue reading
Posted in Dr. Mulli's Economics Blog
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United States loses prized AAA credit rating from S&P
(Reuters) – The United States lost its top-tier AAA credit rating from Standard & Poor’s on Friday in an unprecedented blow to the world’s largest economy in the wake of a political battle that took the country to the brink … Continue reading
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US Fiscal Crisis
A Hidden Fiscal Crisis Finance & Development, September 2010, Vol. 47, No. 3 Laurence J. Kotlikoff A noted U.S. economist says debt figures seriously understate long-term budget problems in the United States EVEN as the United States experiences continuing fallout … Continue reading