A Hoodbhoy

U.S. Government Debt/Deficit: A Disaster in the Making?

In a few weeks we will all be "issued" a National Credit Card by our government with essentially no obligations to pay any of the funds back. The government will borrow the funds with an obligation to pay them back to the Chinese, Japanese, and the Arabs. However they will "loan" all of us those funds with no concrete plan to get the funds back from us.
Is the US Government Debt/Deficit a disaster in the making? From my perspective, there is no doubt that it is a major fiasco in the making.

The Real Unemployment Numbers

How about conducting independant national polls to get more realistic unemployment data. A properly designed poll that counts "discouraged potential workers" should be very easy to implement. We need to get several independant polling organizations to get this project going.

On a Return to Normalcy: Dow 8,500

A great article based on solid research and facts. Perhaps CNBC or some other network can create a new show entitled "REALITY FIINANCES" and have you host it. The public at large needs to be steered away from shows like FAST MONEY and MAD MONEY that brings out the reckless gambling instinct in us and creates the illusion of making a fast buck in a matter of hours or a few days.

Mark-to-Market Accounting: Kill It Before It Eats Us Alive

Let the Private Equity firms and the Super Rich (who control and have huge amounts of cash on the sidelines currently invested in T-Bills)rummage through the rubble of all the companies and banks that have toxic loans. Without a doubt this group has the experience and resources to do their due dilligence and make offers to buy or make mutually acceptable business deals on assets that are worth salvaging. The only roles the Government should play are to help expedite this process and allow the surviving companies to write off their losses on a reasonable favorable time table. This can all be done without the $700 Billion bailout.

The U.S. Banking System is Effectively Insolvent

Our Government is BROKE. It just does not make any sense to borrow more money to save ourselves. There is plenty of cold cash on the sidelines in the hands of private equity owners and the super rich. I dont think these companies and individuals will keep their cash on the sidelines for any significant period of time. As far as the credit crunch for small businesses and corporations is concerned, they are also very resourceful and are survivors. I am sure they can find a way to combine their cash on hand, use their contacts with those who have the money, and some variation of the bartering system to continue to run their businesses until the dust finally settles on all this.....WITHOUT Government and Wall Street intervention.