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We are largely talking past each other. I kept mentioning that I was concerned with aggregate effects, and you gave micro examples. But we both recognize investment creates savings. In fact, in a closed economy without a government, aggregate savings will exactly equal aggregate investment...

He's also a huge supporter "if" the Defense industry. He orgasms over their political contributions. He tried his darndest to go to Vietnam and fight for his country, but those pesky bone spurs flared up again. He told little Donny that the one thing in the world that would please him most was...

Bolton didn't hear Donald say that. I didn't hear Donald say that. Did you hear Donald say that? I doubt Vladimir heard Donald say that. Well there. That settles it. Donald must not of said that.

Donald said he didn't know Lev Parnas. And the media lied again and said he did/ It's that nasty old press up to its usual tricks. Donald and Vladimir, two peas in a pod, and two of the nicest, kind hearted and honest people you'd ever meet. I don't know why the media keeps lying about them...

I realized, after I posted my response to your post above, a source of confusion. When I point out that the private sector savings can not increase without the Government increasing the amount of money in the economy, that assumes that nominal incomes will not be reduced and that the economy...

Any old number should do then.

Ha ha ha, Murphy commits the same error by not considering the net affect on all parties to transactions in aggregate. The new renter you snagged with your 10K/savings/investment, has two counter parties: you, who are now 5K up on the transaction, and their former landlord, who is now 5K down...

Well, absolute nothing. Appreciate your opinion though.

Well each of us have those who are especially dear to us. Beau was that to Biden. Don't let it get to you. It might effect your trading negatively. By the way, are you looking for double top or is this it?

edit: sorry. I left out "fat". As in 3 yrs difference in age. ha ha ha. one man slowing, one mentally deranged. I'll take slowing over mentally deranged any day, You take mentally deranged (notice I did not mention criminal so as not to upset your sensibilities.) Let's wait and see what...

Biden is of sound mind, he's certainly not senile, but just experiencing the slight natural slowing of storage and retrieval rates that occurs in all of us as we age, and typically becomes more noticeable the further we get into our seventies. This slowing of mental processing is usually...

These reports coming out now have been confirmed from multiple sources.They are consistent with previously reported remarks attributed to Trump, including what Mary Trump's uncle told her, and Trump's publicly witnessed remarks concerning John McCain's military service. Sadly, there can be no...

No, I guess you wouldn't. :D

This is good thinking, but there is a problem. We are only concerned with what happens in aggregate. As a given, lets assume the government runs an exactly balanced budget, so no new outside money comes into the economy (outside money is the money the government spends into the economy). For...

nice post. One of the first things for anyone to learn is that the markets are irrational, much, if not most, of the time.

Ha ha ha. that can only be good for the market. Way better then major political violence would be North Korea hitting Los Angeles with a thermonuclear blast. That might send the markets out of the solar system. Well OK, at least as far as Uranus. I mean look at what a few race riots, tear gas...

My sincere apology. Ha ha ha . I was terribly rude, because this Morganist character is such a pain in the butt, he has exhausted my patience. I thought I was responding to Morganist, who is entirely hopeless. You don't need to read all that stuff, but Morganist does because he is trying to...

It's NOT. Start over, Spend two years, at least, studying MMT. Then get back to us when you are ready to discuss knowledgeably. Read Randall wrays book, the new one is expensive, but best, or buy the 1995 edition of Modern Money Theory by Wray, which is easily affordable and read it cover to...

I guess this is, according to you, a first for me, but I am critical of the very low rates the Fed has chosen to go to in the face of the Pandemic. I think they are too low. I would have retained them at 25 to 50 basis points higher for the time being. Then I would rely on Congressionally...