Almost every country in the world has defaulted on its debt or devalued its currency at one time or another—with some notable exceptions being Canada, Denmark, Belgium, Norway, Finland, Holland, Australia, New Zealand and the United States.…
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Most folks think you are wealthy if you have a lot of money. But having a ton of cash does not necessarily mean you are wealthy. That’s one of the bigger myths about how the economy works. To debunk it, we only need to revisit stories of individuals who die and leave behind loads of cash after appearing to be poor during their lifetimes.…
So let’s test this claim with a close look at the last 50 years. We go all the way back to 1974, and the Presidential Administration of Gerald Ford. During the 50 years from then until now, Republicans occupied the Oval Office for 27 years, and Democrats for 23. The Republicans, and the total years of their presidencies were: Ford (3), Reagan (8), Bush I (4), Bush II (8), and Trump (4). The Democrats were Carter (4), Clinton (8), Obama…
Column by Mike Zagata for November 2, 2018. Is Upstate Downbeat? Blame Slow Recovery According to a newly released report from the Empire Center for Public Policy, “New York’s Uneven Economic Recovery: A Tale of Two States,” those of us who live in Upstate New York escaped the real estate/housing bubble that led to the economic crash in 2008. Why? Because our economy was so bad that we didn’t experience a bubble like the rest of the country. How’s that…