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FreeMarkets (37.30)

September 2010



Nothing Has Changed

September 30, 2010 – Comments (14)

I was not planning on blogging today, until I read this comment to the post "The Greatest Lie Ever Told".  [more]



Deficit Solved

September 29, 2010 – Comments (5)

A few days late, but as I promised in my last blog, here is a simple solution to our current deficit.  CUT INCOME TAXES BY 100%!  [more]



Repeal Bush Tax Cuts - Solve Deficit

September 23, 2010 – Comments (5)

There was a fascinating news article, and due to its simplicity, it makes one remember the wonderful quote of Bart Simpson "He says there aren't any easy answers. I say, he's not looking hard enough!".  The argument is that by simply letting the Bush tax cuts end, the deficit is nearly solved.  [more]



Our Only Choices as a Nation

September 23, 2010 – Comments (9)

Paul Krugman loves to promote gov't spending.  He even wrote that our Great Depression was solved by the enormous spending on World War II (which I refuted here).  Today I'm going one step further and look at what would happen if we did what Krugman asks.  [more]



In Defense of China

September 15, 2010 – Comments (6)

Once again Krugman has proposed insanity - to use political means to stop China from manipulating its currency.  As if the U.S. adding $2.5 trillion to the Fed's balance sheet doesn't count as manipulation.  As if constantly running huge account deficits isn't manipulation.  And lets be absolutely clear, China's manipulation is a PEG to the dollar.  The yuan is no weaker/stronger compared to the dollar than ten years ago (actually its a bit stronger, but that doesn't help Krugman's argument so he leaves that out).   [more]



Goverment Motors - New Product Fiasco

September 10, 2010 – Comments (2) | RELATED TICKERS: GM

After over a year under gov't control, GM has released a brand new vehicle, the Buick Regal.  USA Today just reviewed this $30,000 vehicle (click here for the article) and came to a stunning conclusion.  For all you "Government can do anything" people, you may want to sit down, as GM seems to have forgotten the basics of building a care.    [more]



Adjusted Unemployment

September 09, 2010 – Comments (3)

There is so much misinformation reported by our gov't departments, it's hard to know what is really happening outside of your own personal sphere.  [more]



Krugman's "1938 in 2010" Rebuttal

September 07, 2010 – Comments (10)

Krugman wrote another Op-Ed about his favorite subject "1937".  The year when the Fed Gov't cut back some spending and the economy faltered.  I've disputed this ludicrousness before, stating that if EIGHT years of spending didn't fix the problem, when in the hell is all this spending supposed to work? Let's also not forget that in 1934 the dollar was devalued by 50% and THAT didn't work.  [more]



Scary Times

September 07, 2010 – Comments (6) | RELATED TICKERS: DOW

I don't know if most people "get it" but when you wake up and you read 'The euro is presently quoted with a 1.0% loss against the greenback.', it's pretty scary.  We're not talking about the Bot or some other 3rd world currency, but the EURO.  When currency's are moving down 1% a DAY, then 1% UP the next, you have to understand the market is CLUELESS!  These are not small moves and the volatility is sky high (I really don't care what the VIX says).    [more]



Futures Ignore Jobs Data

September 01, 2010 – Comments (7)

The stock market, which we know by the volatility, can't seem to figure out which data point to hang their shirts on.  The market is ignoring manufacturing data, spending data, housing data and is now ignoring jobs data.  Todays surge is based on a stronger data from Australia and China.  [more]

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