World Capital Market Review Issue #5 May 1996 Copyright Princeton Economic Institute all rights reserved Clintonomics: Just Another Arkansas Financing Scheme Clintonomics Why Republicans Are Doomed Doomed Sir James Goldsmith, The Ross Perot of Britain? Britain Russia Discovers Polls, Yeltsin as the “Come-Back Kid?” Russia The View From Germany Germany Hong Kong Update HongKong World […]

US National Debt Outstanding 1791-Date The following information lists the Public Debt Outstanding from 1791 to 1984. This information came from the Annual Report of the Secretary of the Treasury, the Daily Statements of the United States and the Monthly Statement of the Public Debt. Public Debt Outstanding Date Amount ---------- ------------- 01/01/1791 75,463,476.52 01/01/1792 […]

The Public Debt of the United States Current Month Amount ------ -------------------------------------- 08/01/1996  $5,183,636,383,503.29 Prior Months--------------------------------------------- 07/31/1996 $5,188,888,625,925.87 06/28/1996 $5,161,075,688,140.93 05/31/1996 $5,128,508,504,892.80 04/30/1996 $5,102,048,827,234.22 03/29/1996 $5,117,786,366,014.56 02/29/1996 $5,017,040,703,255. 02 01/31/1996 $4,987,436,358,165.20 12/29/1995 $4,988,664,979,014.54 11/30/1995 $4,989,329,926,644.31 10/31/1995 $4,985,262,110,021.06 09/29/1995 $4,973,982,900,709.39 08/31/1995 $4,970,755, 679,060.21 Prior Years---------------------------- ----------------- 12/30/1994 $4,800,149,946,143.75 12/31/1993 $4,535,687,054,406.14 12/31/1992 $4,177,009,244,468.77 12/31/1991 $3,801,698,272,862.02 12/31/1990 $3,364,820,230,276.86 […]

The Debt Crisis The Ultimate Defining Issue of American Politics There has been a lot of talk about bringing the deficit down. Clinton argued that issue in support of his massive $245 billion tax increase. While it is true that the deficit declined over the last two years, it is NOT true that this was […]

Solutions For The Debt Crisis © Martin A. Armstrong The general perception of interest rates and debt within the financial community is about as far from reality and common sense as one might be in this day and age. With government deficits still a major problem and no solutions from the political arena in sight, one […]

The Worldwide Debt Crisis The following is a listing of white paper reports outlining the debt crisis which we face coming beyond the year 2000. Most of this serious problem stems from huge unfunded liabilities promised by socialism without regard for economic viability. Debt Forecast & Solution – published November 1988 Debt Crisis – A […]

A Continued Era of Deflation or A Premature Expectation of Inflation? © Martin A. Armstrong Economists and analysts argue that double-digit inflation is something of the past – a freak of nature that took place during the Carter years of the mid-70s. On April 19th, 1993, Alan Greenspan (Chairman of the Federal Reserve) made a statement […]

Is Debt Inflationary? © Martin A. Armstrong   One of the ideas being kicked around in Germany is that of issuing debt to cover the costs of unification. The German government argues, as most other nations, that inflation will not emerge if the costs of unification are covered by new debt rather than the outright of […]

The Cycle of Political Change Republicans will Sweep Capital Hill in 1994 © Martin A. Armstrong Far too many analysts constantly compare every downturn in the stock market and economy to the Great Depression. The majority of stock market analysts have been looking for a major top and a big crash ever since they missed calling […]

A Crisis in Democracy The Price of Intervention © Martin A. Armstrong Arthur William Edgar O’Shaughnessy once wrote in his classic Ode back in the 19th century… “We are the music-makers, And we are the dreamers of dreams, Wandering by lone sea breakers, And sitting by desolate streams; World-losers and world-forsakers, On whom the pale […]