Archive - Jul 24, 2011 - Blog entry

The debt ceiling debate that has dominated the headlines over the past month has been thoroughly infused with a string of unfortunate misconceptions and a number of blatant deceptions. As a result, the entire process has been mostly hot air. While a recitation of all the errors would be better attempted by a novelist rather than a weekly columnist, I’ll offer my short list. 

The The more disturbing jobs numbers are coming from the long-term unemployment.  A year after the official end of the recession, more than two million Americans have been out of work for 99 weeks or longer.  Some call the long-term unemployment the newest form of workforce discrimination as employers tend to favor job candidates already have a job.  

I guess it shouldn't be surprising that Congress isn't succeeding in helping the American people, given that most politicians: (1) Think like pimps; (2) Live in an entirely different world from the rest of us; and (3) Actually share personality traits with serial murderers ...

Considering how enormous the U.S. debt load currently is (roughly $14.5 Tn), higher interest rates would add a crippling burden to an already high burden.

Are you putting yourself first? If not , read this and share some stock recommendations with your fellow ZH members...

I crunch inflation numbers. It doesn't work.