$100, 8 Hour CPA CPE "What Could Happen
After What May Happen Next"
September 30, 2010
8:30am to 4:15pm
Quality Inn
440 Griffith Road
Charlotte, NC 28217
Greensboro CPA CPE "What Could Happen
After What May Happen Next"
September 21, 2010
8:30am to 4:15pm
Drury Inn & Suites,
Greensboro, NC
$100, 8 Hour CPA CPE "What Could Happen
After What May Happen Next"
September 9, 2010
8:15am to 4:30pm
Days Inn, Raleigh-Airport Research Triangle Park
1000 Airport Drive
Morrisville, NC
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U.S. Is Bankrupt and We Don’t Even Know: Laurence Kotlikoff
Let’s get real. The U.S. is bankrupt.
Neither spending more nor taxing less will help the country pay its bills.
…Last month, the International Monetary Fund released its annual review of U.S. economic policy.
…the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected [...]
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…The Diminishing Productivity of Debt Chart
comes from the U.S. Treasury’s latest Z1 data…
…the most important chart of your lifetime.
It relegates almost all modern economists and economic theory
to the dustbin of history.
Any economic theory, formula, or relationship
that does not consider this non-linear relationship of DEBT and phase transition
is [...]
August 3rd, 2010 | Tags: Accounting Ethics, Budget Ethics, CPA Continuing Education, Debt, Economic Ethics, Federal Reserve, Generational Ethics, Monetary Ethics, Political Ethics, Risk and Return
http://research.stlouisfed.org/fred2/graph/?chart_type=bar&s[1][id]=GFDEBTN
http://research.stlouisfed.org/fred2/graph/?chart_type=bar&s[1][id]=FYGFDPUN
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If the natural cycle of laissez faire capitalism
revolves between risk and aversion
what should happen if government intervention perverts the process
to forestall short term economic pain?
The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts,
is headed towards a sharp slowdown this year as [...]
Should US entitlement costs exceed incoming revenues
sooner than anticipated
if millions of Boomers involuntarily retire early
as national, state and local debt levels spike
coincident with evaporating income?
If workers earn, pay taxes, spend, save and invest
while retirees divest, downsize, budget
and draw income [...]
Human beings are… of two persuasions
the first would spend tomorrow what they earn today
the second would spend today what they hope to earn tomorrow
From this…arise all conflicts that lead to economic crises
to panics, depressions, violent and revolutionary transfers of wealth
and perhaps most wars
Freeman Tilden
There is no means [...]
July 20th, 2010 | Tags: Accounting Ethics, CPA Continuing Education, Debt, Economic Ethics, Financial Ethics, Generational Ethics, Greensboro, Guilford County, North Carolina, Political Ethics, Risk and Return, Tax EthicsThe Laffer Curve, anyone know what this says?
It says that at this point on the revenue curve
you will get exactly the same amount of revenue as at [...]
China’s Foul Assets, Fouler Yet
…Powerful interest groups have paralyzed China’s macro policy, with ominous long-term consequences. Local governments consider high land prices their lifeline. State-owned enterprises don’t want interest rates to rise. Exporters are vehemently against currency appreciation.
…In the meantime, inflation continues to pick up momentum.
Unless the central government bites the bullet and makes choices, [...]
…we have allowed our policy makers
to borrow and print extraordinarily large band-aids
to temporarily cover an open wound that will not heal
until we close the gap.
That gap is the difference between the face value of debt securities
and the actual cash flows available to service them.
The way to close the gap [...]
Government spending is the ultimate tax on the economy
Milton Friedman
Economic Nobel Laureate
The possibility of a bankruptcy filing by the city of Harrisburg, Pa.,
the state capital, looms large these days
and it could be the first in a series…
Kate Kelly
CNBC, Wednesday, 26 May 2010
Ponzi finance units must increase its outstanding debt
in [...]
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