Remember the general rule: the more the feds meddle with the economy, the worse it gets. Revenues fall...real asset prices drop and opportunities for ripping off the public increase.
Betting on the US winning a war is a lot like betting on the New York Jets winning a game. The odds are against you. We lost the War on Drugs, the War on Poverty, Vietnam, Afghanistan, etc. Reagan's quote "The nine most terrifying words in the English language are: I'm from the government and I'm here to help." apply no matter which team is in power.
Sure. We're winning the war on drugs! Killing a few low level suspects.Think back to how much drug trafficking was reduced after they got Pablo Escobar. The recently pardoned drug trafficker, ex Honduran president Hernández, helped fill the void by helping to move over 400 tons of cocaine into the US. It's interesting that here in the US we love capitalism and the Law of Supply and Demand. Too bad no politician regardless of their team will address the issue of demand.
FACT: It's structural from here on in. Other than putting a figurehead in to take the rap and declare an outright default, and honestly/candidly, I truly did think that's why Biden was installed when he was, but they blew that chance, because there was still some money to wring out of the figurative dishrag, this is going to continue until the cataclysm is vistited upon us. Some bailout, right? Best always. PM
You are spot-on, Paul. I think the idea was to put Harris in to take the "rap", but that didn't work out. The debt trap has sprung and there is no way out. Of course, the Feds are going to take the "print-print-print" route and the US$ will continue to sink into infamy. Yes - US$ will still slosh around for quite a long time - just too many countries holding too many US$ and they have no alternative. However, many other countries have gold and been stacking gold. That is where the "Golden Yuan" (otherwise known as the "Unit") will provide an alternate non-US$, non-West financial system cross-border settlement solution in real money - 40% back by gold. There is NOT a solution - the credit bubble is bursting. 300T in derivatives will blow sky high. Hang on tight and enjoy Christmas. Me think next year will be real different.
I had read here and elsewhere that since Mr. "Literally Hitler" Trump's reascension to the proverbial Throne that "government" was running deficits to the tune of $1 trillion per quarter. If so, then a mere $173 billion shortfall for the month of November is a comparative bargain, right? We should be praising Mr. Trump's robust austerity! Best always. PM
"In this present crisis, government is not the solution to our problem; government is the problem." -- Ronald Reagan (Jan. 20, 1981)
Hi Paul. Unfortunately both teams are big time deficit spenders. I just saw one estimate that Trump 1 and Biden each increased the national debt by $7.85 trillion.
Reagan's best quote IMHO, thanks for reminding us. Bill (or his ghost writer) reveal more ankle today: ". . . Great White Father in Washington..." And I thought BPR was above playing the race card, who knew?
Regarding increases on fast food costs/prices: when fast-food jobs became the staple of the working class, and these formerly temporary first steps in a career path now became a destination, and wages were summarily doubled (or more) to $15-$20 per hour, what did we expect? No effect? That's NOT inflation; it's meddling. Prices can increase from distortions/misallocations as well as plain, old, boring inflation (which is defined as increasing the money supply beyond the rate of production, thereby necessarily reducing the purchasing power of the currency in use). I'm sure inflation and the resulting loss of purchasing power have affected the cost of fast food to some degree, but absolutely NOTHING like doubling the cost of labor overnight. Stupid. The idea is stupid. Having implemented the idea is stupid. Those who proposed it and effected it are stupid, and we are stupid. Best always. PM
“Over $1 billion in sales over Black Friday/Cyber Monday was charged through BNPL platforms, a 4.2% YoY increase, according to shopping data from Adobe, which predicts total BNPL spending will reach $20.2 billion by the end of the holiday season.
About 41% of BNPL users were unable to make payments on time, up from 34%, and 60% of users hold multiple loans.” Armstrong economics.
Buy now pay later is becoming more of a trend among young people without credit cards and it’s being used for grocery purchases! There are some definite red flags here for the economy!
Trump is just doing what he was taught in school and of course he’s viewing money from a borrowers perspective!
He doesn’t realize that low interest rates are not going to fix our massive problems, and he isn’t the only one!
Maybe a little of both! He seems to be clearly hung up on the low interest rates, no matter what, but I’m sure he’s also trying to buy time just like he’s trying to buy favor by giving the farmers money, because he sees his popularity ratings going down the drain!
Bill you like to report financial facts . Please report what tariffs our exports face overseas before Trump even got into office . I hate tariffs as much as you but you are as bad as Trump in only painting the facts that match your agenda
America's tariffs overseas? What does America product anymore - US$ has been the U.S.'s primary export. So many US$ roaming around and those don't get tariffs. Trump and his tariff war is just plain BS. And, it - along with the weaponizing the US$ by freezing Russian assets in the Biden administration - has and continues to cause other countries to move East. No one trusts the U.S. anymore. Just thinking about this - Trump stole the tanker with Iranian oil - why? he said it is "illegal Iranian oil". Seriously, he decides what is legal and illegal worldwide? What a clown and he is accelerating countries to not walk but run from America. Time to wake-up and smell the coffee, folks!
Actually, China started the Trade War - they just did it quietly and slowly. Like the frog in the boiling pot, no one reacted until "the Donald" chose to highlight, expedite and purposely precipitate a conflict.
Now Western European nations have joined with Trump.
A chorus of voices raising awareness of a creeping mercantilism with dark hegemonic militaristic intent. At times like this it may be wise to heed Machiavelli's survival advice for the Medicis'.
I think I'm pretty good at simple math (as long as I don't have to carry the one); 2025 - 2020= 5. Food prices are up 26% since 2020, but Trump has only been president for 11 months or less than 1/5th the time. I think Bill should check his location for those pesky TDS mosquitos; he may have been bitten and infected.
I guess your theory of how to best get over the horrid Biden(or whomever was running the show) era is for everyone to just figure out what they want for their wares??!? Who thunk it would be so easy to fix!
Betting on the US winning a war is a lot like betting on the New York Jets winning a game. The odds are against you. We lost the War on Drugs, the War on Poverty, Vietnam, Afghanistan, etc. Reagan's quote "The nine most terrifying words in the English language are: I'm from the government and I'm here to help." apply no matter which team is in power.
Judging from the latest news out of the Caribbean basin, I think the "War on Drugs" is still being fought, and the "losers" are fish food.
Sure. We're winning the war on drugs! Killing a few low level suspects.Think back to how much drug trafficking was reduced after they got Pablo Escobar. The recently pardoned drug trafficker, ex Honduran president Hernández, helped fill the void by helping to move over 400 tons of cocaine into the US. It's interesting that here in the US we love capitalism and the Law of Supply and Demand. Too bad no politician regardless of their team will address the issue of demand.
FACT: It's structural from here on in. Other than putting a figurehead in to take the rap and declare an outright default, and honestly/candidly, I truly did think that's why Biden was installed when he was, but they blew that chance, because there was still some money to wring out of the figurative dishrag, this is going to continue until the cataclysm is vistited upon us. Some bailout, right? Best always. PM
You are spot-on, Paul. I think the idea was to put Harris in to take the "rap", but that didn't work out. The debt trap has sprung and there is no way out. Of course, the Feds are going to take the "print-print-print" route and the US$ will continue to sink into infamy. Yes - US$ will still slosh around for quite a long time - just too many countries holding too many US$ and they have no alternative. However, many other countries have gold and been stacking gold. That is where the "Golden Yuan" (otherwise known as the "Unit") will provide an alternate non-US$, non-West financial system cross-border settlement solution in real money - 40% back by gold. There is NOT a solution - the credit bubble is bursting. 300T in derivatives will blow sky high. Hang on tight and enjoy Christmas. Me think next year will be real different.
I had read here and elsewhere that since Mr. "Literally Hitler" Trump's reascension to the proverbial Throne that "government" was running deficits to the tune of $1 trillion per quarter. If so, then a mere $173 billion shortfall for the month of November is a comparative bargain, right? We should be praising Mr. Trump's robust austerity! Best always. PM
"In this present crisis, government is not the solution to our problem; government is the problem." -- Ronald Reagan (Jan. 20, 1981)
Hi Paul. Unfortunately both teams are big time deficit spenders. I just saw one estimate that Trump 1 and Biden each increased the national debt by $7.85 trillion.
Reagan's best quote IMHO, thanks for reminding us. Bill (or his ghost writer) reveal more ankle today: ". . . Great White Father in Washington..." And I thought BPR was above playing the race card, who knew?
Whatever it takes. Best always. PM
Regarding increases on fast food costs/prices: when fast-food jobs became the staple of the working class, and these formerly temporary first steps in a career path now became a destination, and wages were summarily doubled (or more) to $15-$20 per hour, what did we expect? No effect? That's NOT inflation; it's meddling. Prices can increase from distortions/misallocations as well as plain, old, boring inflation (which is defined as increasing the money supply beyond the rate of production, thereby necessarily reducing the purchasing power of the currency in use). I'm sure inflation and the resulting loss of purchasing power have affected the cost of fast food to some degree, but absolutely NOTHING like doubling the cost of labor overnight. Stupid. The idea is stupid. Having implemented the idea is stupid. Those who proposed it and effected it are stupid, and we are stupid. Best always. PM
“Over $1 billion in sales over Black Friday/Cyber Monday was charged through BNPL platforms, a 4.2% YoY increase, according to shopping data from Adobe, which predicts total BNPL spending will reach $20.2 billion by the end of the holiday season.
About 41% of BNPL users were unable to make payments on time, up from 34%, and 60% of users hold multiple loans.” Armstrong economics.
Buy now pay later is becoming more of a trend among young people without credit cards and it’s being used for grocery purchases! There are some definite red flags here for the economy!
Trump is just doing what he was taught in school and of course he’s viewing money from a borrowers perspective!
He doesn’t realize that low interest rates are not going to fix our massive problems, and he isn’t the only one!
Are you sure he doesn't realize or is merely trying to buy time? I think that's been his gambit this second go-'round. Best always. PM
Maybe a little of both! He seems to be clearly hung up on the low interest rates, no matter what, but I’m sure he’s also trying to buy time just like he’s trying to buy favor by giving the farmers money, because he sees his popularity ratings going down the drain!
Bill you like to report financial facts . Please report what tariffs our exports face overseas before Trump even got into office . I hate tariffs as much as you but you are as bad as Trump in only painting the facts that match your agenda
America's tariffs overseas? What does America product anymore - US$ has been the U.S.'s primary export. So many US$ roaming around and those don't get tariffs. Trump and his tariff war is just plain BS. And, it - along with the weaponizing the US$ by freezing Russian assets in the Biden administration - has and continues to cause other countries to move East. No one trusts the U.S. anymore. Just thinking about this - Trump stole the tanker with Iranian oil - why? he said it is "illegal Iranian oil". Seriously, he decides what is legal and illegal worldwide? What a clown and he is accelerating countries to not walk but run from America. Time to wake-up and smell the coffee, folks!
Actually, China started the Trade War - they just did it quietly and slowly. Like the frog in the boiling pot, no one reacted until "the Donald" chose to highlight, expedite and purposely precipitate a conflict.
Now Western European nations have joined with Trump.
A chorus of voices raising awareness of a creeping mercantilism with dark hegemonic militaristic intent. At times like this it may be wise to heed Machiavelli's survival advice for the Medicis'.
"far better to be feared than loved".
“according to a report by Democrats on Congress’ Joint Economic Committee... “ Hmmm…could be a bit of a partisan issue here?
I think I'm pretty good at simple math (as long as I don't have to carry the one); 2025 - 2020= 5. Food prices are up 26% since 2020, but Trump has only been president for 11 months or less than 1/5th the time. I think Bill should check his location for those pesky TDS mosquitos; he may have been bitten and infected.
I guess your theory of how to best get over the horrid Biden(or whomever was running the show) era is for everyone to just figure out what they want for their wares??!? Who thunk it would be so easy to fix!