Budgeting can be difficult, particularly for expansive state budgets that require a ton of inputs to support 1,000s of line items each of which can result in massive variances depending on the development of various economic indicators like interest rates, commodity prices, etc. throughout the year.
Authored by Antonius Aquinas via Acting-Man.com,
No Country Can be Made Great by Devaluation
John Connally, President Nixon’s Secretary of the Treasury, once remarked to the consternation of Europe’s financial elites over America’s inflationary monetary policy, that the dollar “is our currency, but your problem.” Times have certainly changed and it now appears that the dollar has become an American problem.
Bloomberg's survey of economic expectations has soared since Donald Trump was elected and at 56.0 in January, it is the highest since 2002.
This spike in 'hope' is occurring as the current economic situation is seen as deteriorating and, as the chart below suggests, this might be as good as it gets...
But this time could be different?
Where Is The Left-Wing When A Country Needs One?
Paul Craig Roberts
I was about to write a detailed and favorable review of Greg Palast’s book, Billionaires & Ballot Bandits when a friend sent me a request to “share” Palast’s Facebook LIVE broadcast of Palast’s documentary exposing “exactly how Trump and his cronies attacked the voting rights of a million minority vorers to steal the White House.”
More than 3,000 Yemeni women took to the streets of Sanaa to protest against Saudi Arabia’s involvement in the Yemen conflict. Women fighters carrying machine guns and rocket launchers gathered in the capital Sanaa on Wednesday, shouting slogans against the multinational coalition forces led by Saudi Arabia. Some of the women carried toddlers as they took to the streets to show their support for the rebels fighting a war which has cost 10,000 civilian lives.