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As GM Goes, So Goes the Nation (Part 2)

James,
my only objection is the CBO budget deficit table: the newest projection is for 1.7 trillion in 2009, 1.3 trillion in 2010, and 1 trillion in 2011.
and if those numbers are not quite optimistic, the senate will not approve the budgets at all.

Is America on a Downward Slope?

mises.org/multimedia/m...

this is the sad history of fiat money on the land of the free, home of the brave. if anything could be learnt from history is that it repeats.

Why Are Investors Returning to the Dollar?

just to paraphrase you: people irrationally pile into short term treasuries. no investment objective, no goals. it simply feels good to hold government IOUs. hey, you can always use them to offset future tax liabilities... if the tax code is modified.

Our Coming Depression

the cost of this bill to the taxpayer will be full 700bn. There could be 100bn or so of write offs, but whatever is recouped will be spent elsewhere when debt is rolled over and not retired.
Where is the excess social security tax going? funding other 'necessities'. why should anyone expect this borrowed money to end up being used more prudently by the same squanderers?

Why Buyers Might Take October Off

buying around 10,000 seems attractive opportunity long term, but better got in index funds as another 10% drop is not impossible and better shield your portfolio from more of the inevitable lemons.

It's a Bull Market in Government Intervention

Look it from the brighter side: if the government buys off all motrgages in trouble then the Fannie/Freddie bailout will come FREE to the taxpayer!

It's a Bull Market in Government Intervention

spot on.

Which Company Should Replace AIG in the Dow?

that is easy the Federal Reserve: it has the biggest growth potential over the next few years.

Fannie & Freddie: Just the Tip of the Iceberg

you seem really upset. but who is being bailed out? the taxpayers themselves. withouth easy credit the everage home price may easily reach 10-15,000 having in mind that the taxpayers hardly save any money.

Why Core Inflation?

'core' inflation is not a gauge for overall inflation, simply because it is subset of it and such generalisation leads to a logical fallacy.
at the same time it is not the gdp deflatior either that could help measure impact at the production side, and it is not either the PPI.
the 'core' is simply lower and therefore more convenient.

Supermodels Are Outperforming the Dow

Why dont you compare them to two other babes: Bush and Chenney?
I bet they have outperformed the market many times over the last few 8 years.

The Economic Cost of the Military Industrial Complex

Machiavelli999,
SocSec,Medicare,Medica... are not discretionary government expenditures: they are already paid for by dedicated tax.

On the contrary, military spending is discretionary and along with other discretionary spending sucks about 500bn per annum in taxes which were collected for the sole purpose of paying future pension benefits.
You are finding it normal that the gov't taxes you with SocSec tax and then spends half of it waging pointless wars?

How will you (and everyone else) react to a new payroll tax of 3% called Misc War Miscarriages?

The Economic Cost of the Military Industrial Complex

And the point of the author I would speculate is not as much on whether there should be military spending or not as much as it revolves around no-bid contracts, $110 vehicle park plugs, $100 per gallon refills for Humvees(4 mpg) etc.

The Economic Cost of the Military Industrial Complex

'There is no country on earth that can challenge the U.S. militarily.'
Only by spending though. You see what the troops are capable of in Iraq: 4 years after the declared victory they are still there trying to finish things up.

The Only Chart True Investors Need to See

In case you wonder what your wonderful returns over holding gold are since the Fed was put in place: 1.81% per anum. Sounds spectacular?