US law and demographics
By John Schroy, on April 10th, 2006 |

A ball park estimate of the cost of deporting illegal immigrants from the US would be somewhere north of $200 billion dollars — in the first year.
However, the presumed economic advantages of mass deportation seem illusive, while the political disadvantages to whatever Party were to try to enforce mass deportation, seem immense, even suicidal.
The solution to the US illegal immigration problem is an issue fraught with unintended political and economic consequences for all involved.
US Trade Deficit
By John Schroy, on April 9th, 2006 |

When the Sage of Omaha, Warren Buffet, fretted last year that the trade deficit signified that foreigners were taking over the United States, he echoed common misunderstandings about the excess of US imports over exports and the growing volume of dollar assets held by the rest of the world.
The nice thing about the US trade deficit is that it represents the exchange of foreign goods and services for dollars, not foreign money.
US SEC
By John Schroy, on April 2nd, 2006 |

The Financial Accounting Standards Board (FASB) is made up of seven members, six of whom are either ex-partners of major accounting firms or former high-ranking financial executives of their clients. Accounting practices and standards have a profound effect on capital flows, measured in hundreds of billions and even trillions of dollars. The interests of the issuers of securities are quite different from those of small investors who own these securities.
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