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 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

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