Iconoclastic economist and Boston University professor Larry Kotlikoff, describes the US as arguably in worst fiscal shape than any other developed country

Zero Hedge Watch

Iconoclastic economist and Boston University professor Larry Kotlikoff, describes the US as arguably in worst fiscal shape than any other developed country. He estimates the fiscal gap at US$200 trillion, 17 times the reported US$12 trillion in official debt. What would it take to come up with US$200 trillion in... Show More

Spain's 'real' GDP could be 21% lower than reported - With Spanish unemployment surging, tax collection low, and delinquent loans soaring, local news outlet El...

Zero Hedge Watch

Spain's 'real' GDP could be 21% lower than reported - With Spanish unemployment surging, tax collection low, and delinquent loans soaring, local news outlet El Confidencial notes that it does not add up that GDP has only modestly declined. The Spanish newspaper has published three charts which highlight the dramatic... Show More

Rick Rieder, the CIO of BlackRock's fixed income division has expressed worries in an interview with Bloomberg TV saying that the Fed's current policies were...

Zero Hedge Watch

Rick Rieder, the CIO of BlackRock's fixed income division has expressed worries in an interview with Bloomberg TV saying that the Fed's current policies were distorting the market. He said QE's too big. You've got to taper down QE. It's created this tremendous distortion in interest rates. This was leading... Show More

Guggenheim's Scott Minerd has questioned the meteoric rise of Wall Street this year arguing that markets which have risen this strongly often pause or correct...

Zero Hedge Watch

Guggenheim's Scott Minerd has questioned the meteoric rise of Wall Street this year arguing that markets which have risen this strongly often pause or correct to consolidate their gains. Furthermore, he notes that the majority of price gains have resulted from P/E expansion as opposed to earnings growth. In the... Show More

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