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A Bubble Ready to Pop?
A storm is on the horizon. Just because it’s another hurricane season, the tempest ready to engulf will not be tracked by eyes in the skies. A forecast for this whirlwind won’t be made on the weather channel or by a meteorologist. The climate that triggers this downpour is financial. The causes for this calamity have been brewing for decades. The major fronts that push the airstreams toward disaster are well known. Balance of trade deficits, federal debt financed by foreigners, soaring government liabilities, loss of viable wages for domestic employment and offshore exodus of any job that improves the bottom line of transnational corporations. But have you heard of the other gusts that will blow your house down?
Read the entire article on the “View of the Mount” archive page
