Wednesday, December 28, 2011

US ALERT: On the Verge of Bankruptcy

You didn't think US consumer confidence could be bought for free now did you?
  • U.S. TREASURY SAYS DEBT LIMIT TO BE RAISED BY $1.2 TRILLION
  •  U.S. DEBT TO BE $100 BLN WITHIN LIMIT ON DEC. 30, TREASURY SAYS
  •  STEPS FOR INCREASING DEBT LIMIT UNDER 2011 BUDGET CONTROL ACT
And the piece de resistance that 100% debt to GDP brings:
  • OBAMA ON DEC. 30 LIKELY TO ASK CONGRESS TO RAISE DEBT LIMIT
Just as we thought the circus was over if only for a few weeks. Also, this means that in a few days, the US debt ceiling will be raised from $15.194 trillion to $16.394 trillion. As a reminder, US GDP was just revised down to $15.176 trillion.

Thanks to Tyler for the heads up!

Sunday, December 25, 2011

The Queen's Christmas Speech is a healer for Reconstruction

Most often we forget that after hardships, personal or corporate, ensues a long period of reconstruction. Such period often seeks a return to personal values, anchors and family relationships. The Queen's Christmas speech truly embodies such a message of hope.