Tag Archives: Spending

GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

Another week’s worth: Trump’s “Tax Reform” per David Stockman (President Reagan’s budget boss): “Trump is a kid in a candy store who wants one of everything … without paying for any of it.” The current spending bill in Congress demonstrates … Continue reading

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A Trumped-Up Presidency?

Washington D.C. has come from a national side show to be America’s preeminent theater, albeit the silliness of its productions has grown as well. President Calvin Coolidge said the chief business of the American people was business; today’s politicians and … Continue reading

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A New Presidents Old Magic Money

The now integrated world economy approaches its impending Wiley E. Coyote moment. Rich countries are insolvent, having borrowed more than can be repaid to conduct military adventures and to bribe voters. Most of the rest are also bankrupt from even … Continue reading

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The Consumer Economy Scam Simplified

We can see that a U.S. labor price that is higher than elsewhere only survives when the U.S. labor production is marketable elsewhere at prices high enough to provide for that high labor cost in the product. Ween the product … Continue reading

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Remember: War Is A Political Tool …

Why we’re sliding toward WWIII is an interesting if unsettling article worth attention and consideration. Especially if we recall that a war occurs while our politicians hold our coats while we fight. You may or may not agree with that, as … Continue reading

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They Said: “Things Could Be Worse” And Sure Enough…

Unemployment benefits paid by states since the 2008 crash have lasted some six months, after which Federal extension benefits covered another 47 weeks until they recently ran out. That cut off funds to about 1.3 million recipients. The Democrats, anxious … Continue reading

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The Fed’s Fountain Will Foam Forever Or Until Gotterdamerung Or Something?

Generally, whatever is the subject, it seems that investment adviser Marc Faber is against it. His glass is never full and usually more than half empty. That said, his prediction that the Fed’s ‘insane’ money manufacturing will be endless has … Continue reading

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