Wealth Downdraft
Mark Steyn Says America is Committing “Slow Suicide”
While I haven’t had a chance yet to read Mark Steyn’s new book “After America,” from what I’ve read and heard about it he is right on. Below is a 10 minute interview that he did with Sun News that does an excellent job of summarizing his positions. BTW, Mark Steyn lives in New Hamsphire [...]
Wyoming Prepares for the End
photo credit: Steve Snodgrass With federal and state debt loads exploding, Wyoming is preparing for the worst: State representatives on Friday advanced legislation to launch a study into what Wyoming should do in the event of a complete economic or political collapse in the United States. House Bill 85 passed on first reading by a voice vote. It would create [...]
New Estimate Shows Public Pension Shortfall Ballooning to $4.4 Trillion
photo credit: emsphotonut41 Joshua Rauh just blogged on “Everything Finance” a new estimate of the current unfunded public pension liability for both state and local governments: Using June 2009 data, Robert Novy-Marx and I measured a $3.1 trillion gap in state and local pension systems, arising from $2.3 trillion in assets and $5.4 trillion in [...]
Capital Gains Roller-Coaster and the Size of Government
New 2009 data from the IRS shows how foolish it is for government to tax capital gains income. As shown in the chart below, capital gains income for 2009 is now back to 2002 levels ($224 billion). Of course, thanks to the housing bubble, this is after a massive run-up in capital gains income to [...]
Back to Business Fundamentals
photo credit: pquan This is a guest column from my friend J Dwight of Dwight Investment Council on “Back to Business Fundamentals” in light of the recent stockmarket roller-coaster: Whenever the market tanks, it is helpful to remind oneself of what business fundamentals work and how businesses create products and services and translate revenues into cash [...]
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