Peace March 20 March in D.C. and also in L.A.
The Eastern Sierra Speaks
Peace March 20 March in D.C. and also in L.A.
Categories: Afghanistan, 0 wordsSend feedback •
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We’re all PIGS now
Categories: Peak Oil, Credit Implosion, 456 wordsSend feedback •Jeff Rubin is author of WHY YOUR WORLD IS ABOUT TO GET A WHOLE LOT SMALLER. After nearly 20 years as the chief economist of CIBC World Markets, Jeff Rubin left the bank earlier this year to seek a larger audience for the story he wanted to tell.
Jeff Rubin
Wall Street is worrying about financing the PIGS (Portugal, Italy, Greece and Spain), and little wonder. Proposals to halt exploding public sector budget deficits in those countries already have the workers out in the streets in Athens and Madrid.But we needn’t look across the Atlantic to see a debt crisis in the making. The U.S. economy is sporting a record one-and-a-half trillion dollar budget deficit, and even Canada, after running a decade of budget surpluses, is posting its own largest deficit ever.
