Greece, a financial reflection of the U.S.

Greece, a financial reflection of the U.S.

The United States will probably not face the same kind of crisis as Greece, for all sorts of reasons. But the basic problem is the same. Both countries have a bigger government than they’re paying for.via Economic Scene – In Greece, a Reflection of U.S. Debt...
The Federal Debt: How To Lose A Trillion Dollars

The Federal Debt: How To Lose A Trillion Dollars

But, according to the Congressional Budget Office, annual debt payments — currently about $200 billion — are set to skyrocket. CBO estimates that interest payments on the federal debt will total $916 billion by the year 2020.”Interest rates are going to rise and...
Whoops, what’s in a name

Whoops, what’s in a name

Confusion over the names of two similar-sounding African countries may have helped boosted oil prices to near $80 a barrel this week as traders rushed to buy oil after reports of a military coup.A Reuters reporter received a flustered phone call from a hedge fund...