Archive for September 2011
The Economy is like a Mexican Standoff
I was trying to find a way to describe the current U.S. economic situation simply, and what I came up with was a Mexican standoff. You could just call it a stalemate, except I when I think of a Mexican standoff I usually think of buffoonish characters, like those below. And that seems more accurate…
Read MorePie Chart of Who Holds US Debt — The Highest Isn’t China
Tonight’s inquiry: Who really holds the much discussed US debt? Well, I took a look first at what the total debt was right now. The total is $14.7 trillion and counting of course. But, what was a little shocking was that next to that number was a calculation divvying up the debt to $47K per…
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