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April 19, 2009 at 11:35 AM #384541April 19, 2009 at 3:59 PM #384887
EconProf
ParticipantThat is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.April 19, 2009 at 3:59 PM #384701ParticipantThat is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.April 19, 2009 at 3:59 PM #384749ParticipantThat is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.April 19, 2009 at 3:59 PM #384503ParticipantThat is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.April 19, 2009 at 3:59 PM #384234ParticipantThat is a good, even-handed video. It blames the politicians of both parties.
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush. Yes, Obama inherited a recession and a deficit. Then he proceeded to quadruple the deficit. Let’s keep these magnitudes in mind.
Here’s a prediction that won’t be very popular: Bush’s record will be seen in a much more favorable light in the very near future. It’s already happening.
History has a way of rewriting itself once popular passions cool and we all gain perspective. Guess who was one of the most unpopular presidents, especially at the end of his term? Harry Truman, the inarticulate hick from Missouri (familiar?) now viewed as a gutsy, no-nonsense guy who stood up to the Soviets, the unions, and coined the term “The buck stops here”.April 19, 2009 at 5:41 PM #384573bubba99
ParticipantGovernment spending has me re-thinking all of my investment horizons. There is an unprecedented amount of new “Govt” money in the pipeline, and I think this might offset the serious downtrends of unemployment in the short term.
With the end of collaterization, M3 money took a dive, but now the M1 money supply is beginning to take up the slack. The creation of dollars from thin air is replacing the “crap credit from thin air” that fueled the boom into 2006. It is every bit as unsustainable as CMO’s, but in the short run it could re-inflate the economic balloon for a few more years – or at least slow down the “pop”.
Having just gotten hammered on taxes, it is taking some discipline not to run out and buy a tax deductible home. And even more tempting is long term capital gains income on stocks replacing the higher short term “trader” rates. With the new government dollars, and the now unparalleled tax benefits, the market may continue to grow inspire of rising unemployment.
The new government debt may just kick the problem down the road until 2012 – or it could blow up tomorrow. Either way I am staying clear of short positions until . . .
April 19, 2009 at 5:41 PM #384957ParticipantGovernment spending has me re-thinking all of my investment horizons. There is an unprecedented amount of new “Govt” money in the pipeline, and I think this might offset the serious downtrends of unemployment in the short term.
With the end of collaterization, M3 money took a dive, but now the M1 money supply is beginning to take up the slack. The creation of dollars from thin air is replacing the “crap credit from thin air” that fueled the boom into 2006. It is every bit as unsustainable as CMO’s, but in the short run it could re-inflate the economic balloon for a few more years – or at least slow down the “pop”.
Having just gotten hammered on taxes, it is taking some discipline not to run out and buy a tax deductible home. And even more tempting is long term capital gains income on stocks replacing the higher short term “trader” rates. With the new government dollars, and the now unparalleled tax benefits, the market may continue to grow inspire of rising unemployment.
The new government debt may just kick the problem down the road until 2012 – or it could blow up tomorrow. Either way I am staying clear of short positions until . . .
April 19, 2009 at 5:41 PM #384304ParticipantGovernment spending has me re-thinking all of my investment horizons. There is an unprecedented amount of new “Govt” money in the pipeline, and I think this might offset the serious downtrends of unemployment in the short term.
With the end of collaterization, M3 money took a dive, but now the M1 money supply is beginning to take up the slack. The creation of dollars from thin air is replacing the “crap credit from thin air” that fueled the boom into 2006. It is every bit as unsustainable as CMO’s, but in the short run it could re-inflate the economic balloon for a few more years – or at least slow down the “pop”.
Having just gotten hammered on taxes, it is taking some discipline not to run out and buy a tax deductible home. And even more tempting is long term capital gains income on stocks replacing the higher short term “trader” rates. With the new government dollars, and the now unparalleled tax benefits, the market may continue to grow inspire of rising unemployment.
The new government debt may just kick the problem down the road until 2012 – or it could blow up tomorrow. Either way I am staying clear of short positions until . . .
April 19, 2009 at 5:41 PM #384772ParticipantGovernment spending has me re-thinking all of my investment horizons. There is an unprecedented amount of new “Govt” money in the pipeline, and I think this might offset the serious downtrends of unemployment in the short term.
With the end of collaterization, M3 money took a dive, but now the M1 money supply is beginning to take up the slack. The creation of dollars from thin air is replacing the “crap credit from thin air” that fueled the boom into 2006. It is every bit as unsustainable as CMO’s, but in the short run it could re-inflate the economic balloon for a few more years – or at least slow down the “pop”.
Having just gotten hammered on taxes, it is taking some discipline not to run out and buy a tax deductible home. And even more tempting is long term capital gains income on stocks replacing the higher short term “trader” rates. With the new government dollars, and the now unparalleled tax benefits, the market may continue to grow inspire of rising unemployment.
The new government debt may just kick the problem down the road until 2012 – or it could blow up tomorrow. Either way I am staying clear of short positions until . . .
April 19, 2009 at 5:41 PM #384820ParticipantGovernment spending has me re-thinking all of my investment horizons. There is an unprecedented amount of new “Govt” money in the pipeline, and I think this might offset the serious downtrends of unemployment in the short term.
With the end of collaterization, M3 money took a dive, but now the M1 money supply is beginning to take up the slack. The creation of dollars from thin air is replacing the “crap credit from thin air” that fueled the boom into 2006. It is every bit as unsustainable as CMO’s, but in the short run it could re-inflate the economic balloon for a few more years – or at least slow down the “pop”.
Having just gotten hammered on taxes, it is taking some discipline not to run out and buy a tax deductible home. And even more tempting is long term capital gains income on stocks replacing the higher short term “trader” rates. With the new government dollars, and the now unparalleled tax benefits, the market may continue to grow inspire of rising unemployment.
The new government debt may just kick the problem down the road until 2012 – or it could blow up tomorrow. Either way I am staying clear of short positions until . . .
April 19, 2009 at 8:37 PM #384640ParticipantBubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns.April 19, 2009 at 8:37 PM #385022ParticipantBubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns.April 19, 2009 at 8:37 PM #384886ParticipantBubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns.April 19, 2009 at 8:37 PM #384837ParticipantBubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns. -
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