craigs

Government Debt: How High Can We Go?

Some say since we were able to dig out of the WWII debt that we can handle this new load. Not so. After WWII we had pent up demand and a massive expansion based on manufacturing. We were the only country with a viable economy. Today our economy depends on consumer spending and services. Consumer spending does more for China than it does for us. Most services are in the financial sector and the most viable long term service is for paycheck loans.

Transaction Tax: What's in It for Buffett?

Buffet has his. Screw everybody else.

Why don't we try cutting government spending for a change?

Today in Commodities: Vindication as Markets Make Sense

The Chinese may have already been hedging ahead in the soybean and copper markets. If they have enough inventory they may hold off new purchases. I do not know about copper, but soybeans will get a lot of new supply from South America next spring. We have the potential for a record harvest in soybeans. If things come together we may see beans in the $6 area.

George Soros: The Guru Outlook

Soros the "genius" made some real bonehead plays back in the 87 crash.

Odd Merger of the Day: United Online Buys FTD

I own FTD and I hate this deal