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Daily Archives: October 3, 2012
Stimulus spending creates debt not jobs
The US Presidential debate tonight will doubtless spend much breath on Republican and Democrat plans and promises to “create jobs”. The truth (explained in this clip) will most likely be overlooked. “Professor Antony Davies provides evidence, via empirical data from … Continue reading
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As China’s economy slows, real estate bubble looms
Good piece in the Washington Post on the Chinese realty bubble. See: As China’s economy slows… “As home prices have skyrocketed, many Chinese households have gone all in on real estate by pouring years of savings into buying as many … Continue reading
Addiction to deficit spending will be broken by choice or by force
Bill Gross, Co-CIO, founder & managing director at PIMCO, outlines America’s severe spending addiction in his latest investment outlook. Here is a direct link.
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