Fear of Higher Taxes a Cause of Sell-off [View article]
What about the phantom Bush tax increase which will some day be paid? Or not.
If I charge $1000 on may credit card instead of paying cash is that not money that will have to be paid? In the aggregate goverment spending and taxes will have come into balance. Will the "great deleveraging" ever extend past Fannie and Freddie all the way to the US Treasury? And will the US pay up or default? Finally the banks can't grow their way out of their leveraged positions. Will the US government be able to grow its' way out of high debt ratios forever? Including some auto company style legacy costs?
Good luck. "In the long run we'll all be dead," but does that include our government?
Financial Forecasters All Pointing Down [View article]
Everyone seems to forget to mention that gasoline and other energy products are a part of consumer spending. We're spending plenty, but it's not going to help most sectors of the economy.
Main Street Sacrificed to the Gods of Wall Street [View article]
Not lon ago CNBC pundits were listening mouths agape as T Boone predicted $100 oil. Now they are chortling that oil has plunged to $99. Just how long has it been?
A New Bull Market Is Born [View article]
FA predicts long term trends.
Short term might well be up...
Long term will probably be down...
Longest term markets will rise, inflation will return, we'll all be dead.
Fear of Higher Taxes a Cause of Sell-off [View article]
If I charge $1000 on may credit card instead of paying cash is that not money that will have to be paid? In the aggregate goverment spending and taxes will have come into balance. Will the "great deleveraging" ever extend past Fannie and Freddie all the way to the US Treasury? And will the US pay up or default? Finally the banks can't grow their way out of their leveraged positions. Will the US government be able to grow its' way out of high debt ratios forever? Including some auto company style legacy costs?
Good luck. "In the long run we'll all be dead," but does that include our government?
Financial Forecasters All Pointing Down [View article]
Main Street Sacrificed to the Gods of Wall Street [View article]
Main Street Sacrificed to the Gods of Wall Street [View article]