Without another round of stimulus, NY Times says, the best we can hope for is the weakest recovery in modern history. Mark Thoma agrees, but thinks the chances are slim given the political climate.
He will get the spending...why not..it buys votes and its free money...and probably the Times will get a bailout..but this guy knows the Communists are going to destroy this country...
Its not the communists its the plutocrats that are bleeding the country.
On Oct 27 11:20 AM youngman442002 wrote:
> He will get the spending...why not..it buys votes and its free money...and > probably the Times will get a bailout..but this guy knows the Communists > are going to destroy this country...
I'd rather have the weakest recovery ever than to destroy our children's future. We've spent and spent and spent and have nothing to show for it.
Lets hope that there is not another "stimulus". That states have to cut spending to balance their budgets. That might be the wake up call for people to realize that more cuts are on the way in the future. Less social security, receiving it later, less medicare and less health care overall.
We have wasted literally trillions of dollars this past decade. When we could have been building a new electric grid system we created a prescription "entitlement". When we could have been investing in battery technology we cut tax rates. When we could have been converting cars to natural gas we spent hundreds of billions "rebuilding" Iraq. The list goes on and on.
Its time for personal sacrifice, belt-tightening, whatever phrase you want to use. Less government handouts and what money we do have gets put into things making us less dependant on foreign oil, and creating an infrastructure to support us the next 50 years.
bwhahahaha....doctor, the patient is flagging...open the drip....more morphine ....more morphine...... inflationary expectations are taking hold....and we're only in year one of the communist czar rulership...wait till the 'goodies' are handed out in year 3 , you can almost bet the 'new emporer' will placate the "Praetorian Guards' with a shiny new tribute in the form of a major war offensive, or some such sideshow....to blow off a couple hundred billion in armaments, to be faithfully rebuilt...
There will be a second stimulus in some form, depending on the bond market's reaction. Asian creditor nations may choke on another big bond bolus, so D.C. is floating alternative ideas.
Just talking up the prospects of one may be enough to give the mini-bull market some legs for a couple more months.
Another stimulus package is guaranteed, but will likely be mostly a bailout of States. More than a couple of States will meltdown next year if they don't get more $$ from the Feds.
Let those states fail. It is the only way California, N.J, etc. are going to be able to reset all those massive Union Government-worker pensions. Their legislatures are all in bed with the unions. It's killing them. And it's their baby. The taxpayer is in no mood to be wet-nursing these states.
David White: GS' latest economic forecast is just further evidence that GS' pump of X is a pump and dump scheme. Unemployed do not buy high ticket items
about 1 hour ago
David White: GS's latest economic forecast is in direct conflict with GS' conviction buy rating on X. US steel maker CEO's see moderate growth at best.
about 1 hour ago
Ralph F: Once again SLV is up more than GLD, DIA and SPY, capping a massive year in which it outperformed most other asset classes.
This news story has 9 comments:
On Oct 27 11:20 AM youngman442002 wrote:
> He will get the spending...why not..it buys votes and its free money...and
> probably the Times will get a bailout..but this guy knows the Communists
> are going to destroy this country...
Lets hope that there is not another "stimulus". That states have to cut spending to balance their budgets. That might be the wake up call for people to realize that more cuts are on the way in the future. Less social security, receiving it later, less medicare and less health care overall.
We have wasted literally trillions of dollars this past decade. When we could have been building a new electric grid system we created a prescription "entitlement". When we could have been investing in battery technology we cut tax rates. When we could have been converting cars to natural gas we spent hundreds of billions "rebuilding" Iraq. The list goes on and on.
Its time for personal sacrifice, belt-tightening, whatever phrase you want to use. Less government handouts and what money we do have gets put into things making us less dependant on foreign oil, and creating an infrastructure to support us the next 50 years.
On Oct 27 11:30 AM Wildebeest wrote:
> Its not the communists its the plutocrats that are bleeding the country.
>
inflationary expectations are taking hold....and we're only in year one of the communist czar rulership...wait till the 'goodies' are handed out in year 3 , you can almost bet the 'new emporer' will placate the "Praetorian Guards' with a shiny new tribute in the form of a major war offensive, or some such sideshow....to blow off a couple hundred billion in armaments, to be faithfully rebuilt...
Just talking up the prospects of one may be enough to give the mini-bull market some legs for a couple more months.