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  • What Does It Mean For Fiscal Policy To Be 'Sustainable'? MMT And Other Perspectives [View article]
    The MMT perspective is fiscal and monetary policy should be targeted towards full GDP resource potential including labor and not towards a meaningless target like debt we owe in dollars. The best way to maintain full sustainabilty is to maintain full GDP resource utilization and make sure the benefits of the economy are fairly (not evenly) spread across society.

    Any economist with a lick of common sense should want the fiscal talks to take a new direction like this:

    http://seekingalpha.co...

    Interesting post. The swing between full employment and the social safety net is the main driver of our deficit and our ability to achieve a balanced budget. The best way to balance the budget is to return the economy to full employment. Since spending more dollars that we can print can do the trick it is shear folly that our leaders are arguing about how much austerity and who it hits.
    Nov 28 04:54 PM | Likes Like |Link to Comment
  • Paul Krugman's Call For Re-Thinking The Debt And Deficit Crisis [View article]
    I'm not sure that the status as the World's Reserve Curreny matters in the discussion. Japan and Britain both issue their own currencies and have their debts in their own currencies and neither have reserve currency status. Both are also practicing quantitative easing.

    For those worried about the dollar they are projecting a future world that does not presently exist. The dollar trades against other equally "flawed" currencies.
    Nov 28 08:37 AM | Likes Like |Link to Comment
  • Paul Krugman's Call For Re-Thinking The Debt And Deficit Crisis [View article]
    But which came first, production or demand?
    Nov 27 09:09 PM | Likes Like |Link to Comment
  • Paul Krugman's Call For Re-Thinking The Debt And Deficit Crisis [View article]
    They also have had very little inflation. How do you explain that?

    I explain it by a lack of demand in the economy sufficient to absorb additional stimulus via deficit spending and money printing.
    Nov 27 05:01 PM | Likes Like |Link to Comment
  • No Growth Means Market Crash, Regardless Of Fiscal Cliff Deal [View article]
    Actually Paul Krugman is right. We owe everyone dollars, which we can print. The largest holder of Treasuries is the U.S. Government. The largest buyer of Treasuries is the Federal Reserve. Yet interest rates are 1.65%.

    You are right that any deal currently on the table is bad for economic growth because it either raises taxes or cuts spending. We need a new "Grand Bargain" to revive growth and job creation that looks like this:

    http://seekingalpha.co...
    Nov 27 07:23 AM | 1 Like Like |Link to Comment
  • General Moly Achieves Major Milestone In Permitting The Mt. Hope Moly Mine [View article]
    General Moly has finished permitting Mt. Hope:

    http://yhoo.it/10XzGWN

    They declare they want to become the largest primary molybdenum producer in the world. This company has pretty big plans. Maybe they will buy Mt. Emmons from USEG.
    Nov 26 09:16 AM | Likes Like |Link to Comment
  • How To Redefine The Terms Of A 'Grand Bargain' To Avoid The Fiscal Cliff And Provide Growth [View article]
    I think it was last year the GE paid no income taxes, zero, zilch, nada. But their Chairman was named to head the President's do nothing jobs council.
    Nov 21 11:14 AM | Likes Like |Link to Comment
  • Buckle Your Seatbelts, Here Comes The Fiscal Cliff [View article]
    Actually, both the tech bubble and the 2008 financial crisis were easy to see in advance for anyone paying attention. The tech bubble was as bad as the Dutch Tulip Bubble. Once it became public knowledge that the credit rating agencies were packaging subprime loans together and labeling them AAA it was obvious we were going to have a financial crisis.

    We may go over the fiscal cliff temporarily and technically, but there will be a deal. There will not be huge tax increases and huge spending cuts. Taxes may go up on the rich and there may be some minor spending cuts. But its just as likely that they push the whole thing off until next year.

    What they should be negotiating is a deal to create jobs that looks like this:

    http://bit.ly/ZDc9uB
    Nov 21 07:53 AM | Likes Like |Link to Comment
  • China Won't Cause A Commodity Crash (Yet) [View article]
    Very interesting point about the new leadership wanting to keep the economy humming along. They probably need to initially just to cement their power. I hadn't really considered that point.

    I do know China has basically printed its way to prosperity. State owned banks have made loans focused on economic growth and not on loan quality. How else does a country build numerous skyscrapers that are mostly empty and priced many times higher than the average workers wages?

    But, if the party is going to keep going small commodity stocks like these could be big winners:

    http://seekingalpha.co...

    Nov 21 07:29 AM | 1 Like Like |Link to Comment
  • General Moly Achieves Major Milestone In Permitting The Mt. Hope Moly Mine [View article]
    General Moly received the reclamation permit from the Nevada Environmental Agency. Now they just need the final water permit to move towards construction.

    http://yhoo.it/RRZ4JA
    Nov 20 05:59 PM | Likes Like |Link to Comment
  • Fiscal Cliff: Savings Rate To Go Into Negative Territory [View article]
    No doubt letting taxes go up will be a very big drag on economic growth and job creation. That's why we need a different Grand Bargain that looks more like this:

    http://seekingalpha.co...
    Nov 20 07:16 AM | Likes Like |Link to Comment
  • How To Redefine The Terms Of A 'Grand Bargain' To Avoid The Fiscal Cliff And Provide Growth [View article]
    Very good points. Right now the private sector is swimming in resources they cannot utilize such as abundant labor, materials, and capital. There is zero government crowding out at present.

    That's why they need to change the terms of the negotiations and focus on growth and jobs.
    Nov 19 10:33 AM | Likes Like |Link to Comment
  • Natural Gas Prices Could Return To The Traditional Oil To Gas Conversion Ratio In 2013 [View article]
    CHK had a lot of rigs still drilling for natural gas in the first and second quarter. In the third quarter they were still completing wells drilled by rigs that are no longer in the field. They declared their production peaked in late August and is now in decline. Don't forget they also produce for a lot of joint-venture partners.
    Nov 19 10:25 AM | Likes Like |Link to Comment
  • Fiscal Madness [View article]
    Great article and grerat points. We need a non-austerity based Grand Bargain along these lines:

    http://seekingalpha.co...
    Nov 19 07:51 AM | 2 Likes Like |Link to Comment
  • Natural Gas Prices Could Return To The Traditional Oil To Gas Conversion Ratio In 2013 [View article]
    Natural gas is the only near term way to lower CO2 emmissions into the atmosphere. There is little support in the U.S. to returning to darkness at night, hand written letters, bicycles, and plows pulled by mules.

    Natural gas can displace coal in generating electricity and coal is the largest pollutant by far. The environmentalist realists realize natural gas is there only solution.
    Nov 18 08:55 AM | 2 Likes Like |Link to Comment
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