Ai note: 1 US dollar in spending, 4 US dollars damage
Investors Business Daily:
Even without the Obama surge in debt — and taxes to pay it off — taxpayers face the prospect of 60% to 70% income-tax rates in the future to pay for $48 trillion in unfunded liabilities under existing entitlement programs. Now the president [...]
Ai note: sorry, we don’t have this kind of needed shit.
Infectious Greed:
While we worry about the U.S. inflating away its debts, that wouldn’t be so bad, historically speaking. Back in the late 19th century Peru was repaying its debt obligation in guano proceeds — shit in short. Mind you, its shit was high quality and [...]
written by Peter Boockvar from The Big Picture:
Ai note: Alan’s and Ben’s experiments went wrong. But Ben is doing now even bigger experiment. I think it could be a little bit costly for this kind of academic work. Why people hear to his stupid argumentation about inflation and green shoots? That there is no inflation? [...]
written by John Mauldin
Ai note: “green shoots” or how to interpret makroeconomic data
..In recent weeks, many economists and market strategists have heralded the end of the recession and the arrival of spring, after spotting a few ‘green shoots’ of improvement. In most cases, the ‘green shoot’ was a modest up tick, from a multi-decade low! For [...]
And we are back to happy days…
Quote from article written by Jim Willie, but not his words.
“Following the collapse of Lehman Brothers in September, fails to deliver among the 17 primary dealers in the US treasury market have rocketed to more than $2 trillion over a period of weeks and still lie above $1.3 trillion. [...]