Tag Archives: America’s international and defense challenges

The Black Swan Looms Over Budget


             As I write this, cable and broadcast television, radio, and bloggers, and government officials, are giddy with the news released 90 minutes ago that the economy created almost 300,000 jobs last month. 

     “We’ve turned the economic corner.”

      “The recovery has become self-sustaining.”

      “That 1,000 point drop in the Dow was merely because of a human being putting erroneous sell information into a computer,”

      Yet, the official unemployment rate increased to 9.9 per cent and the broadest measure of unemployment continues to rise.  How can this be?  Are good times here again?

      In short, “no.”

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