Posts Categorized ‘Debt Ceiling’

Consumer Debt: Must Look Behind the Numbers
By Mel Miller

For a couple of years prior to the Great Recession, I shared my debt concerns during my annual Economic and Market Update presentation at the annual SRI Conference. My concern stemmed from the rising use of consumer debt to fuel a national lifestyle of “living beyond one’s means.” Much of the economic debate of the Read more »

Posted: March 3, 2014

What Caused the Cyprus Banking Crisis?
By Mel Miller

While there were many contribution factors to the crisis in Cyprus, I want to focus on the most obvious cause—the basic accounting formula. Assets=Liabilities + Capital. Couple the formula with lack of regulation and the groundwork is laid for a banking crisis.

Posted: April 9, 2013

A Penny for Your Thoughts
By Mel Miller

“A Penny for Your Thoughts” (acoustic guitar), by Peter Frampton, probably needs to be adjusted by the cost of making a penny. Since 2006, it has cost the Treasury more than a penny to make a new penny. For the fiscal year ending September 30, 2012, the unit cost for the Mint to produce and distribute each one-cent coin was 2.00 cents.

Posted: April 2, 2013

The Fed Surpasses China as Owner of U.S. Sovereign Debt
By Mel Miller

By Mel Miller, Chief Economist, First Affirmative Financial Network Now that the inauguration is over, the political focus shifts to the budget deficit talks. Will taxes need to be increased? What are the acceptable spending cuts? Can the debt ceiling debate be bifurcated from the deficit talks? Will the rating agencies downgrade U.S. sovereign debt, Read more »

Posted: February 4, 2013

Fiscal Cliff Deal and Its Impact on the Environment
By Tyler Collins

The American Taxpayer Relief Act of 2012 passed by Congress on January 1st and signed into law almost immediately by President Obama, delayed a scheduled 8.2% cut to non-defense discretionary spending until March 1, 2013.

Posted: January 18, 2013

News Flash: Taxes to Increase for Most Americans
By Mel Miller

The above is not the headline you will see in the financial press today, but is the reality.

Posted: January 2, 2013

“Debt, Default, and the Risk of Disaster”
By R.Kevin O'Keefe, CIMA®, AIF®

To put it another way: if we believe we have a good investment process, we must follow that, even when it is hard to do so. To achieve investment success, it is important to believe our beliefs and doubt our doubts.

Posted: July 26, 2011