My NEW ARTICLE: US FINANCIAL CLIFF

[crankthskunk]

My new article is available on the newstribe website.

This time it is little different, it is on US economy. I wrote it on Tuesday early morning when the negotiation were going on in Washington. After midnight deadline Congress failed to agree the deal.
Please read and comment.

http://blogs.thenewstribe.com/blog/68471/us-financial-cliff/#.UOQ2fW_ZbGA

 

[rtabasum2]

Asifameer headache not ours..................................

 

[Khansaber]

Bill IS PASSED
[h=1]House staves off fiscal cliff,
http://www.cnn.com/2013/01/02/politics/fiscal-cliff/index.html?hpt=hp_t1[/h]

 

[Peer gony]

Chal hi nai raha dafa maro

 

[crankthskunk]

Asifameer headache not ours..................................

Bro, I am an Economic's Post Graduate, this is my specialty field too. It is that because of all the up heave in Pakistan, I usually concentrate on Pakistani politics.

 

[crankthskunk]

Bill IS PASSED
House staves off fiscal cliff,
http://www.cnn.com/2013/01/02/politics/fiscal-cliff/index.html?hpt=hp_t1

I know this brother, but my article was written after Monday's midnight deadline. Which was early morning Tuesday, i.e. yesterday in the UK. It is published today by newstribe.com.

They are quite good, they usually publish all my article within a day, sometimes on the same day, depending on the day.

 

[alimohsan52]

Economics is not an exact science.

They are going to have to balance the books and start cutting that damn deficit.

 

[crankthskunk]

Economics is not an exact science.

They are going to have to balance the books and start cutting that damn deficit.

Bro, balancing the books and cutting the deficit is far down the line. Why would they do it? When they can print as much money as they like without any consequences domestically because of Dollar, which is the world reserve currency. The day it is not, you see how quickly everything changes. Americans would go on austerity measures straight away, or they wouldn't be able to import and pay for it.

At the moment they do it from "paper dollars".

 

[AsifAmeer]

Aray bhai.. mein ne to kuch kaha bhi nahi... lol

Asifameer headache not ours..................................

 

[rtabasum2]

Aray bhai.. mein ne to kuch kaha bhi nahi... lol

Just wanted to provoke nothing personal

 

[armani]

A very good written article but we will have to wait and see what happens in next 2 months. Obama is trying to somehow take out country of this economic mess but corporate sponsored GOP will provide possible resistance. I think one of the major causes of this stumbling economy is Regean's lower marginal rates for the wealthy which is very much felt today. They took the industry, job creation and production outside the country and let the rich got more richer while middle class is feeling the pain.
Until the congressmen prioritize America than corporation, this economic mess will continue or as you said these cosmetic reforms will not provide any solid base for a strong economy.
While on the other side BRICS nations are doing a lot better though they do not necessarily follow capitalism.
( I am not an economy student at all so if you disagree with me please take it easy on me :))

 

[Kunphushus]