Belmont Club

Altitude Zero

If you visit the Debt Clock at http://www.usdebtclock.org/ and watch the many dials as they update at dizzing speed, ask yourself which of the ticking counters represents the most critical reading? An airplane for example, has many gauges, some representing airspeed, others altitude and direction of flight, etc.  But despite the fact that they all monitor critical systems there is usually one among them that the pilot in a given situation worries about the most.

In the case of the US economy, which is the one to watch? Is it the total national debt, the estimated credit and currency derivatives, or the jobless numbers?  Furthermore which number or set of numbers drive the rest? A screen capture of the debt clock is after the “Read More”.

debtclock


Tip Jar or Subscribe for $5