Andy Sutton

Stimulus Nation: What Are We Getting for Our $3.27 Trillion?

Very well said!


On Nov 02 07:58 AM User 353732 wrote:

> We got a lot, much more than we imagined we could get, from the Stimulus.
>
> 1. Enormous expansion in an arrogant and malicious Big Govt
> 2. Vast misallocation of national resources from high valued to low,
> no or negatively valued resources which has given us this new and
> wondrous thing: a "V" economic recovery with no jobs, no income,
> no credit and soon no homes for Main St
> 3. Euphoria on Wall St, made tangible by those well deserved and
> still inadequate bonuses
> 4. The triumph of the WashDc-Wall St-MSM Troika over the Middle Class
> and the Constitution
> 5. Great expansion of the Parasitic Economy where entitlements, instant
> gratification, unearned consumption and irredeemable debt are the
> geometry of the New Economics
> 6. Maniacal growth in public debt and a brilliant new insight that
> debt is an asset and financial vapors are economic solids
> 7. Demented increase in Fiat Dollars that encircle the world in a
> web of deceit and delusion
> 8. Impressive increase in unemployment and underemployment and record
> Main St bankruptcies and a proclamation that in the New Economy these
> things just don't matter
> 9. The replacement of facts by Govt statistics as the new norms and
> metrics of truth
> 10. The end of America as a global hyperpower
>
>

Barron's Banks on $100 Oil

Barron's argument loses a lot of credibility when they talk about the Fed's pledge to fight inflation. This is laughable. The Fed creates the inflation. Willingly and without pause; moral or otherwise.

There is an awful lot of talking going on right now with regards to oil and the Dollar. Neither is having much of an effect as of June. US demand has not decreased by even a significant amount, and if we were to see a crash in US demand, our problems would be much larger than oil.

The only problem I see with Valero's CEO assessment is that if he is right, then we should be seeing a glut in the producer areas since refineries aren't stockpiling. We aren't seeing that reported anywhere..

Count on an increase of shenanigans, but unfortunately, I'm dubious of a sustained decrease in prices.