Social security and medicare are not factored into the national debt. When you factor them in and assume the government will have to pick up slack, they could add trillions to national debt.
The state pension model isn't working
States have tight credit limits and their tax bases are always shifting as people move around the country. And more of them look unfit to handle pensions. The next economic downturn will only make things worse.
Baby boomer pensions are doomed in the US
Public teachers all around the US have started strikes as pension system becomes strained. This is just one of many issues in the US economy that is resulting from an aging population.
Corporate debt will cause a repeat of the 2008 meltdown
Silicon Valley could be the next Enron
Silicon Valley is very confident and has big dreams. Whether the dreams can ever make money is a different question.
The 2020's could be the worst decade in US history
Banks could eventually be forced to reduce their lending exposure in the 2020's. This could put pressure on earnings and reduce economic activity, leading to a recession.
High-yield bonds are about to collapse — and it could trigger a serious bear market
There is a brewing crisis in the high-yield bond market, and it could spill over into stocks.
Liquidity is down more than 90% since 2006 — and it has further to fall
Liquidity is down more than 90% since 2006 and the Federal Reserve is on track to withdraw more liquidity by hiking rates.
The GOP tax overhaul took away a bunch of deductions available to Americans
Some of the deductions no longer available to taxpayer include those for local income taxes and personal disaster losses.
DAVID ROSENBERG: 5 indicators suggest we're at the top of this stock market cycle
Stock market valuation metrics are showing we're at extreme overvaluation.
The Fed may need to measure inflation differently
The CPE and CPI are different, and neither are superior. Here are the pluses and minuses to both.
The US might not be as close to full employment as we think
The unemployment rate isn't the whole story.
Here's who could lend the US Treasury the $3 trillion it needs in the next 3 years
There are several possible buyers for the new debt the Treasury Department estimates it will need to borrow, but some may be tapped out.
The US national debt is probably going to accelerate in the next few years
Loose fiscal policy and higher interest rates could make the US debt expand rapidly soon.
Last week's market chaos could be a harbinger of worse to come
The kinds of imbalances we saw last week exist in other, bigger markets.
Here's why Trump tax reform might not work as expected
President Trump's tax reform measures might not work as expected.
5 charts that show a big market crash could be on its way
Several indicators are showing that markets are looking like a bubble.
The Fed's monetary policy is completely absurd
The Fed is at the height of monetary policy lunacy.
The bottom 60% of Americans have fallen way behind the top 40%
Income growth for the lower three-fifths of Americans has been way lower than for the top two-fifths for decades.
Here's what could destroy one of the market's hottest trades
A 2-3% stock market correction could wipe out most VIX short sellers.