Tag Archives: GDP

Is It Game Over For Japan?

Is It Game Over For Japan? Submitted by Phoenix Capital Research 05/10/2013 http://www.zerohedge.com . Japan should serve as a lesson to central planners around the world. Japan’s stock market/ real estate bubble burst in the early ‘90s. Since that time … Continue reading

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Next Stop for the US Economy: Train Wreck!

. Next Stop for the US Economy: Train Wreck! By Bill Bonner February 4th, 2013 http://www.dailyreckoning.com.au/ . By Bill Bonner ‘US economy slips into reverse,’ was the headline in the Financial Times. The US economy didn’t move ahead in the … Continue reading

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The Bankruptcy of the United States is Now Certain

The Greenspan-Guidotti rule. The rule states: To avoid a default, countries should maintain hard currency reserves equal to at least 100% of their short-term foreign debt maturities. The world’s largest money management firm, PIMCO, explains the rule this way: “The minimum benchmark of reserves equal to at least 100% of short-term external debt is known as the Greenspan-Guidotti rule. Greenspan-Guidotti is perhaps the single concept of reserve adequacy that has the most adherents and empirical support.” Continue reading

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