Suffering from Tax Refund Surprise?

If you found you have no or much smaller tax refund this year, you did not pay attention to withholding amounts and the loss of itemized deductions.  I warned my readers of this on January
 15, 1918.

 Prior to that

Michael Pettis on "Why US Debt Must Continue"

Each week I do economic and financial research that results in over ten pages of links, which is available to those who contact me and subscribe.

One notable link from this past week is a new post by Michael Pettis entitled "Why U.S. Debt Must Continue" in which he tackles the issue of rapidly rising household, government, and business debt in the United States and many other countries around the world including China and some European countries.

In the first part, he discusses debt and some of the conditions under which it effects economic growth