Excellent post, in complete agreement. [more]
This is a nice way to think about the situation. This also mirrors a number of statements that I made in this post. [more]
Another great post by Bill Mitchell. The whole thing is worth a read. [more]
If you want a good primer on what Government Budget Deficits are, where our money comes from, watch this talk by Stephanie Kelton. If you are under the impression that the US government is 'broke', you should watch this. If you are under the impression that 'There is no alternative' to austerity, you should watch this. It is 45 minutes very well spent. [more]
For anybody that is interested .... [more]
Cullen Roche again articulates the main economic issue that the US economy faces and I think he is right on. In addition to the post below, I would highly recommend that you read this post: http://pragcap.com/more-unfortunate-math-behind-our-economic-plight [more]
I personally am getting pretty tired of reading inconsistent economic and macroeconomic 'analysis'. The classic meaningless ratio that gets thrown around all the time (a la Reinhart and Rogoff) is National Debt / National GDP. The National Debt is a stock (number of dollars), The National GDP is a flow (number of dollars per time, such as quarters or years). [more]
Excellent post by Mark at Fund My Mutual Fund regarding the recent spike in short selling in September.
This goes along with the theme of my recent posts, that we have not seen the 'top' of this cyclical bull market yet and that if we crash here, it will be the most widely telegraphed crash ever because nearly everyone is prepared for it: [more]
SERIOUSLY, ERIN BURNETT?
6 October 2011 by Cullen Roche