Austin, TX (PRWEB) July 16, 2012
Absolute Wealth’s most recent daily editorial column from Managing Editor James R. Gorrie has a fresh and interesting perspective on the dire financial situations of several California cities. “The Gorrie Details” investigates the recent announcement of San Bernardino declaring bankruptcy, and analyzes the causes that led up to the news.
The repetitive poor decisions made by city governments are explained by Gorrie, who says “When it comes to financial resources, there is the constant tension between economics and politics. Too often, political gain wins out over economic prudence.”
Using a real-life analogy from vacationing with his family, Gorrie takes a seemingly innocent dinner and turns it into a periscope through which the economic situation can be viewed. The outcome mirrors the exact conundrum facing California.
Politics trumping economics: a common thread in the unfortunate financial environment, and an all-too-common theme in Absolute Wealth articles.
Gorrie’s thought-provoking articles on economic issues help to inform people of their financial options, or lack thereof, as a result of the big, impactful happenings in the private and public sectors.
James R. Gorrie has more than eighteen years of financial advisory experience. He holds a BA in economics, and attained doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy. Gorrie writes daily articles on current macroeconomic and investment topics, Special Reports, and analyses on geopolitical events around the world that affect the market.
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