Stock Market gains have some experts predicting a banner year for 2015.
Thursday, the Dow gained over 300 points on the heels of a 200 + point gain on Wednesday.
But the Dow isn’t the only thing gaining.
The national deficit slipped quietly into the new year with a new all time high, over $ 18 Trillion dollars.
Even less reported is the increasing TOTAL National debt, which is rapidly approaching $60 Trillion dollars.
But WAIT… There’s more!
The total National unfunded liabilities is over $ 92 Trillion dollars… and growing.
Is anyone watching? Congress seem inept to do anything meaningful to take control of debt and spending. We just watch the numbers continue to grow and cheer when the stock market rises or oil prices go down.
All of this doesn’t necessarily mean the economy will crash tomorrow. People are still working, spending and saving. Maybe not as many, but still, you would not think there is any economic problem if you go out to eat. Restaurants and shopping malls are busy. Rush hour across America is still jam packed.
While many still insist that America is “too big to fail”, others are beginning to wonder if we have gone too far in the wrong direction. Regardless of which side you are on, it doesn’t look like we will see any significant change in direction any time soon.
Boom or Bust? Time will tell, and the clock is ticking.
***Gordon Howie is an author and CEO of Life and Liberty Media***
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