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All true. The question, of course, is whether our mines can make up this huge deficit. Remember in the 80's no one had cell phones, high tech TVs, hybrid cars, etc. The demand for these minerals in USA was probably much lower. Tens of thousands of tons seems like a huge shortfall. I'll see...

This is one of the biggest stories of the year for the economy. China is not content to only have a manufacturing monopoly of just toys, baubles, and trinkets. Seems like the high-tech Green revival of our economy will instead happen half a world away. Keep your friends close, but your metal...

Tax cuts and Tax rate cuts DO NOTHING but add to the debt. The debt tripled when Reagan cut taxes. The debt doubled when Bush II cut taxes. There has never been an example in history where tax cuts paid for themselves by the extra tax revenue generated by tax cuts. In fact, it is...

I agree that Clinton did more than just raise taxes. But the fact that raising taxes did not have catastrophic impacts shows the fallacy of thinking tax cuts are the only way to grow the economy. I'd still like you to answer how cutting taxes by 500B, either directly or by reducing tax rates...

All good points. The first step is cutting spending.

Also, the Laffer curve has long been debunked as experimental, Voodoo Economics dreamed up to justify tax cuts. There has never been once instance where the Laffer curve has been shown to work without massive debt runups to compensate.

The economy grew just fine when Bill Clinton raised taxes. This is because, without the gov't siphoning up all the debt like now, the private sector was able to obtain debt and use it to create economic activity way more efficiently than the gov't. It takes 3 or 4 times as much gov't...

And you have defeated your own argument. In the 3rd paragraph, he states that tax cuts do not pay for themselves. All the mumbo jumbo that follows in the article is just semantics to dig himself out of what he stated in paragraph 3: TAX CUTS DO NOT PAY FOR THEMSELVES.

Some people still refuse to get it. Greenspan, Stockman and many others have stated that tax cuts NEVER, UNDER ANY CIRCUMSTANCES, PAY FOR THEMSELVES. Here is the calculation why: Say the rate after a $500B tax cut is 25%. So, the tax cut will need to generate $2T in new tax taxable economic...

I seriously doubt there will be any deflation. The Fed has stated avoiding deflation is their priority. The question is how much money the Fed has to print to accomplish this.

The 3T social security "trust fund" has already been spent and replaced by gov't treasuries. When SocS needs trust money to make payments, the gov't will add to the deficit to make it up. Also, all money created by the Fed's "printing press" is debt money. Meaning the gov't or any recipient...

Can someone please explain when USA was ever an empire, by the historical definition of the word?

America went from a net creditor to a net debtor nation during the Reagan admins debt runup.

Foundation Trilogy Asimov

Why wasn't this in the original stimulus? Oh, that's right, virtually all of the original stimulus went to unions, governments, and real estate orgs. (to help Fannie and Freddie.)

I saw a statistic some time ago that around half of the immigrants in Calif. receive welfare. The number has probably changed over time, but it does give a picture. The unemployment will probably be extended until the elections are over.

Do you mean US investors or the Fed and it's go betweens?

What I'm saying is if you want a 10 second chart, for example, just set up an array and store the tick value every 10 seconds of computer time or data time. You can do all the calculations on the array values. As long as the symbol you are looking at trades more than once every few seconds...

If they have a software language like EZ language, just create your own sub minute charts using tick data. It is not as hard as it might sound...

Gold is up today, even though index futures are down. Hopefully, my metal positions can regain their losses of the past few days.