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Bingo. 90% of the time every single thing out of a politician's mouth is purely for political advantage and will be completely skewed away from the truth. She knows full well that the price of gas is because of money printing.

That is entirely true, but they are paid for the job that they are in and what they are bringing to the market, not based on how intelligent they are. I agree that there are many people that are extremely talented, but they put their talent/time/effort into things that aren't particularly...

Printing works pretty well.... until it doesn't and in that case it gets very ugly.

The vast majority of poor people aren't capable of running a small or side business. Not everyone is entrepreneurial by nature. For many, it would be better to invest the $8,000 and contribute a small amount of their weekly earnings. Even if they are only able to save a few hundred...

Bingo. Look at your W-2 (over the course of a few years). That will paint a pretty good picture of what you're actually worth in the labor market. If you're a high income earner, it's most likely due to the fact that you bring a lot of value to the market place. If you're average income...

These liberals are clueless. They are so bent on fairness and jealousy that they will take a net decrease in tax revenues if they are able to stick rich people with a more punitive rate. We will do exactly what is not needed right now, which is to disincentivize risk taking and entrepreneurship

I have no doubt that Obama and other leftists would like to see an increased dependence to a stronger central government, but this structural problems in our economy and the use of debt to delay the inevitable lower standard of living have been occurring for decades now. They were perpetuated...

You are both right to large degree. There are huge structural problems with the US economy and it will largely affect the middle class, IMO. With that said, the middle class went right along with the debt scheme and was more than happy to bury themselves in CC, auto and mortgage debt to...

If things don't go according to plan, it won't be because of a lack of confidence

My bad, I'm a little dense today

I won't short it, but I will try to stock up on commodity ETF's after the bubble bursts. Once crude trades under $50/bbl I'll start buying with the intention of holding it back up north of $100.... We may be in a rinse/repeat cycle with money printing....followed by asset price run-ups...

This is exactly right. We will bounce back and forth between inflation and deflation due to the fact that the entire world has painted themselves into a corner with debt. The only thing that will sustain stocks and spending is stimulus, which will in turn cause commodities to go up...

No, I work with and employee many of the so-called poor, and I can assure you that the vast majority of them have no one to blame but themselves. I see them self destruct on a weekly basis. It's a shame, but many are just lost causes and will likely stay that way forever. The ones that don't...

Agreed. Many on a site like this look to the guys who took $10k and turned it into $20mm, and they assume that said super-trader only had $10k to their name, like may be the case for the aspiring trader. Assumptions like that are dangerous because the "super-trader" very well could have...

It's no different than the housing market. There is significant "shadow inventory" out there in the labor market as well. For the foreseeable future, any bounce in employment will be met with a counter bounce in UE, IMO.

Ya, it's a shame you can't profit more from the wars nowadays. :D

Could not agree more with what you wrote. It amazes me that no one is talking about "why" we were able to create a large middle class because of our competitive advantages after WWII. Yet we constantly hear how if we just "elect XYZ politician, they will bring back manufacturing" and...

It's not the businesses that expect everyone to subsidize labor costs, although I definitely agree the subsidization is taking place via social services. But instead it's the globalization of the world economy that is causing it. Businesses exist to make money. There is no way in most of our...

The "wealth effect" was the main driver in the economy throughout the 2000's. As you mentioned, after the tech bubble burst, they pushed interest rates lower so housing increases gave people the confidence to spend more and it worked....until it didn't any more.

This is a completely different scenario than a 55 y/o who invests $400k (their entire life savings) into a business and signs onto another $1mm loan. In my scenario, where your only options are: 1- Make a profit to provide for your family or 2- Lose your entire net worth and declare...