I've been working overtime on my soon-to-be-released healthcare book. The problem is that in the editing process, I keep running across new information that I can't help but to add. This has caused some delays. I'll give an update in the next newsletter.
I ran across an interesting documents from my research library that I have been meaning to post but kept forgetting. It is a piece on the financial condition of states released in June 2009. It's a bit long and has a lot of low-yield info, but if you scan through it you can find some good data (see "PDF version" below).
The only problem is that I feel much of the reported numbers must be a bit dated because they do not reflect the current situation. In the November newsletter I plan to discuss the financial condition of the U.S. Government and state government for the next several years as a part of the economic section.
Those of you who read America's FInancial Apocalypse might recall how I made my case for a depression by positioning the real estate bubble as the triggering event.
Thereafter, I expected more cards to drop - healthcare, the entitlements, consumer and federal debt, pressures from China to dump the dollar, inflation, etc. As you are probably aware, this is precisely what we have seen. You might also recall what I discussed would happen and what would be needed to recover.
The solution is to restructure free trade and healthcare.
It is unlikely that either will happen anytime soon.
Finally, even if these two problems were addressed adequately, I predicted a large tax increase that would persist for many years and would be come in the form of hidden taxes, followed thereafter by the dreaded state and federal income taxes. I will discuss this as well as healthcare in the next issue.
Subscribers to the newsletter know my market forecasts have been spot on throughout. I will continue to provide my best assessment and cross my fingers hoping my streak will continue.
And of course there will be much more. I'll provide more details when I sit down next week and begin writing it.
Although I certainly do not take pleasure in writing a long newsletter, based upon what I have planned, I would expect it to be about the same length as previous issues; around 45-50pp.
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