Economics and Investing:
Brett G. sent us this troubling article: Treasury Report: US Debt to Skyrocket to $19.6 Trillion by 2015. Hmmmm… Lets’s do the math: The current “official debt” is around $12 Trillion, which is around 93% of our GDP. And $19.6 Trillion would be a 63% larger debt. If the economy doesn’t grow, then that means that by 2015 the debt will be…uh-oh. And as a data point, Greece is presently in a full-blown crisis that is about to crater the Euro, because their debt got to 130% of GDP.) Kevin S. sent this: Sovereign Credit-Default Swaps Surge on Hungarian Debt …