WHAT MOST PEOPLE DON'T KNOW ABOUT THE US ECONOMY

Written on the 17 June 2011

WHAT MOST PEOPLE DON'T KNOW ABOUT THE US ECONOMY

JUST over 12 months ago in May 2010 we brought you an article about the GDC (Global Debt Contagion) that was weaving its way through Europe.

While everyone accepted that the US economy had been rocked by the GFC, and the notion that banks could not fail was proven a fallacy, no one wanted to believe that the US Government might be the next to follow in the shadow in the PIIGS countries.

But our article forewarned what is now playing out by highlighting the hallmarks of a government on a fiscally unsustainable path.

As early as mid-April 2011, S&P reported a negative outlook and threatened a downgrade to the country’s credit status. By rights, this story should still be front and centre, but somehow, S&P quietened down and has not had a great deal more to say on the subject which given the facts, seems somewhat peculiar.

Read the facts about the US economic situation and the demise of the US dollar, the US Government's response and its global impacts in this month's Focus Point column featuring Glenn Vassallo and Olivia Christensen of Hynes Lawyers. Get your copy of Brisbane Business News June in more than 500 greater Brisbane newsagents.


Latest News

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

IOT GROUP ORDERS FIRST PRODUCTION OF ROVA DRONE

IOT Group (ASX:IOT) has ordered production of 40,000 units of the ROVA flying selfie drone from Chinese technologies ...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter