willynill

China Wants the U.S. Dollar to Drop Dead

Just wondering about two things: When China's holdings of treasury securities mature, what will they do when they are paid in dollars that are worth very little?
And, China's one-child policy has been in place for about twenty-two years; soon the population will start to decline and age. Isn't that a formula for long-term collapse?

Falling Gas Prices Will Save Consumers $156 to $188 Billion Annually

Yes, good point. This 150 billion can be spent on goods produced by people who don't hate us as much. It is better than a stimulus program because it doesn't take taxpayers' money. It is like a tax cut in that it can increase government revenues from taxes (remember Laffer?).

Oil Heading for $150 a Barrel, Gold for $1500 an Ounce - Merrill

Eureka! I just figured out who bosunj is! He is Reverend Wright!

Jim Rogers Speaks Out - Where Is He Putting His Money?

oops, I meant DEFLATION--

Jim Rogers Speaks Out - Where Is He Putting His Money?

Jason C is right: commodities are not going to go up in a world of inflation. In fact, they've already come down in a big way. Look at dba, for example.

5 Reasons Stocks Will Keep Falling

Too many of you are agreeing with the accountant. An accountant deals with the past; he reports financial data that is already history. Markets are all about the future and what looms ahead as a crisis or a cure. Forget about the past; get ready for what's coming next.

5 Reasons Stocks Will Keep Falling

Markets are about the future. There is a saying in the stock market, "the market never discounts the same thing twice." So the stock market is swooning now as the anticipation of an Obama presidency heightens (there is a high negative correlation between Obama's poll numbers and the present stock market numbers). So if Obama is elected, the market won't drop again. In other words, the stock market value today is the present value of future expectations. Future expectations are looking grim with an anti-capitalist government in the offing.

Currencies Race to the Bottom

Spending is done by Congress, not the president, but the president has to use the veto pen. John McCain says he will use the veto, and I believe him. There is a reason why Congress has a much lower approval rating than the president now; it is because of earmarks and pork barrels. Then people say that they like their individual congressmen even though they hate congress. The reason they like their own congressman is that he/she brings home the pork to them. When John starts to use the veto pen, your own congressman won't look so good to you, and you'll throw out the bum.

The Dollar's Decline: Taking Responsibility for the Future

Bob La Follette must be turning over in his grave. Chinn is not just wrong, he is utterly wrong. Do Wisconsin taxpayers know that their tax dollars are paying the salaries of such witless professors?

Revisiting the Minimum Wage Issue

Eltigre: Don't you understand that the poor devil didn't get his minimum wage increase because he lost his job? Mike Steinhardt is exactly right: The politicians who think they are helping the poor are hurting the poor. Raising the minimum wage is similar to raising taxes on the rich--it always hurts the poor more than it hurts the rich.

Election-Year Tax Politics: Keeping the Debate Accurate

Yes, income tax rates are marginal, but so is the decision to hire an extra worker; the marginal worker doesn't get hired because the extra dollar of profit isn't "worth it" because of higher tax rates. Don't you see: raising taxes on the wealthy hurts low-income workers!

A Closer Look at Obamanomics

Mr. Hsu is a perfect example of someone who gets in over his head when he is writing about something outside his field. He designs robots, and now he is "thinking" like a robot. Save us from these automatons!

Supply-Side Fairy Tales

huanjin is correct, especially after he's had his coffee!

Tax Cuts: Important Footnotes in Dynamic Scoring

Tax cuts are self-financing. Check it out--tax revenues are higher AFTER taxes are cut.

U.S. Market Setting Up for a 2nd Half Rally

curious cat is correct: renois is delusional as are many others. "Extraordinary popular delusions and the madness of crowds."