Paying Attention?

[evolusd]

I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.

Now that the out of control debt is in the forefront of the debate and the rating agencies are pressuring us to fix our books and balance the budget to start paying down debt, investors are realizing that the funny money is no longer going to fill the hole.

I think the second half is going to be ugly, along with 2012.

I’m all cash right now and feel comfortable that there won’t be rampant inflation anytime soon. We’ve still got lots of problems to work out.

[danielwis]

I started to short gold this week. I know I’m a little early but have time to sit and wait.

[danielwis]

I started to short gold this week. I know I’m a little early but have time to sit and wait.

[danielwis]

I started to short gold this week. I know I’m a little early but have time to sit and wait.

[danielwis]

I started to short gold this week. I know I’m a little early but have time to sit and wait.

[danielwis]

I started to short gold this week. I know I’m a little early but have time to sit and wait.

[briansd1]

[quote=evolusd]I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.
[/quote]

For a perspective, the $800 billion stimulus, about $300 billion of which was tax cuts, just about equals the amounts of cuts at the state and local levels.

[briansd1]

[quote=evolusd]I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.
[/quote]

For a perspective, the $800 billion stimulus, about $300 billion of which was tax cuts, just about equals the amounts of cuts at the state and local levels.

[briansd1]

[quote=evolusd]I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.
[/quote]

For a perspective, the $800 billion stimulus, about $300 billion of which was tax cuts, just about equals the amounts of cuts at the state and local levels.

[briansd1]

[quote=evolusd]I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.
[/quote]

For a perspective, the $800 billion stimulus, about $300 billion of which was tax cuts, just about equals the amounts of cuts at the state and local levels.

[briansd1]

[quote=evolusd]I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.
[/quote]

For a perspective, the $800 billion stimulus, about $300 billion of which was tax cuts, just about equals the amounts of cuts at the state and local levels.

[sdduuuude]

Interesting article from gregor.us, who seems like one of the brighter bloggers. Always has an interesting perspective:

http://gregor.us/policy/obsolete-expertise-and-the-us-economys-energy-problem/

The Great Recession has offered the perfect occasion to witness the phenomenon, a financial crisis which specifically kicked off amidst 150 dollar oil in 2008. Instead of advising the President that the country faced debt-deflation, with a nasty overlay of high commodity costs, the White House economic team has drawn from the post-war playbook which holds that if you stimulate the economy generally then the system will magically reorganize itself. Well, that hasn’t happened and it’s not going to happen.

[sdduuuude]

Interesting article from gregor.us, who seems like one of the brighter bloggers. Always has an interesting perspective:

http://gregor.us/policy/obsolete-expertise-and-the-us-economys-energy-problem/

The Great Recession has offered the perfect occasion to witness the phenomenon, a financial crisis which specifically kicked off amidst 150 dollar oil in 2008. Instead of advising the President that the country faced debt-deflation, with a nasty overlay of high commodity costs, the White House economic team has drawn from the post-war playbook which holds that if you stimulate the economy generally then the system will magically reorganize itself. Well, that hasn’t happened and it’s not going to happen.

[sdduuuude]

Interesting article from gregor.us, who seems like one of the brighter bloggers. Always has an interesting perspective:

http://gregor.us/policy/obsolete-expertise-and-the-us-economys-energy-problem/

The Great Recession has offered the perfect occasion to witness the phenomenon, a financial crisis which specifically kicked off amidst 150 dollar oil in 2008. Instead of advising the President that the country faced debt-deflation, with a nasty overlay of high commodity costs, the White House economic team has drawn from the post-war playbook which holds that if you stimulate the economy generally then the system will magically reorganize itself. Well, that hasn’t happened and it’s not going to happen.

[sdduuuude]

Interesting article from gregor.us, who seems like one of the brighter bloggers. Always has an interesting perspective:

http://gregor.us/policy/obsolete-expertise-and-the-us-economys-energy-problem/

The Great Recession has offered the perfect occasion to witness the phenomenon, a financial crisis which specifically kicked off amidst 150 dollar oil in 2008. Instead of advising the President that the country faced debt-deflation, with a nasty overlay of high commodity costs, the White House economic team has drawn from the post-war playbook which holds that if you stimulate the economy generally then the system will magically reorganize itself. Well, that hasn’t happened and it’s not going to happen.

[Author]

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