Real Money: Deficit, Dropping Dollar, No Reason to Worry, Yet

Summary

---

There are many possible explanations for the return of the current administration to Washington. Neither the Republicans nor Democrats have had, or will have, much to say in public about the larger economic issues facing our country. As we look to the next four years, some investors feel that the end is near. It might be helpful to look at circumstances that have created such anxiety.

The national-debt allowance was just raised to

See the full content of this document

Extract

---

Real Money: Deficit, Dropping Dollar, No Reason to Worry, Yet

$800 billion, and it will, no doubt, need to be raised further. As the costs of maintaining global, political and military leadership grows, and as our productive capacity diminishes, our nation's fiscal options have narrowed. The international balance of t...

See the full content of this document

---