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Budget deficit hits record for May of $189.7B http://www.google.com/hostednews/ap/article/ALeqM5iWWPT8cAUpUCsmOZoABze-6XhwTAD98NVNI81 By MARTIN CRUTSINGER – 18 minutes ago WASHINGTON (AP) — The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of...

Wow. I wasn't aware of that whopper of a flip-flop. Maybe I'm holding him to too high a standard by expressing dismay, as even the best economists can get it wrong, but that is an extreme range in a short period of time for someone who is accepted as and deemed credible.

I'm really not trying to be flip, but didn't the government have the advantage of the printing press back in '29, also? They may not have flooded the system with money, like we have now, but as I've said many times before, where is that money really flowing? Hasn't the bulk of it gone to...

I'm glad you thought as much to bring up trade policies, and their role in the situation we find ourselves in. It seems to be the White Elephant in the room that no one wants to talk about anymore, despite possibly being one of the most fundamental issues of our time. Maybe the dogma about...

I think I'm on safe ground saying the ONLY thing that truly and with certainty dragged us out of the economic morass in the wake of the Great Depression was WWII. How the hell are we going to recover with high unemployment, high inflation (if some here are right), high taxation, coupled with...

I have not complained about a single other poster; even those who I've had incredibly intense disagreements with, as those people were adding substantive ideas to discussions whether I agreed or not. But this guy...he's the king of the three word posts, just to get a reaction, which is the...

Do you think his omission was intentional? Laffer's a pretty sharp guy, so my assumption is that you're going to say yes, which would lead me to asking why he'd play a political angle here.

Thanks. I was wondering how the 'hockey stick' would be oriented when I didn't see the chart. That's quite a blade, there.

Am I mistaken if I state that Bernanke has put himself in a huge bind? He's really going to be forced to deal with the possibility that he'll have to raise rates - in this economy? Wow. One other thing - It won't be long before people get very pissed about gasoline prices and Congress...

pspr - link is broken. I'd like to see that graph, so if you could fix it, thanks.

Thank you.

If Laffer is correct, then the economy (even more so than now) AND equity markets will get hammered as stagflation will rule the day. High unemployment + high inflation + high interest rates + stagnant (or falling, most likely) wages = radically reduced credit, purchasing power, squeeze on...

Well, for all the printing of money, equity markets aren't doing much as of late...and intraday volatility is starting to remind me of a time not so long ago...

Thank you! I couldn't sum up the essence (or lack of substance) of hairdresser better if I tried. Has anyone run an IP check to see if he's really stock_trd3r? His language and habits are virtually carbon copy. And wasn't Port also stock_trd3r? How many aliases and alt-IDs does...

Green shoots!

GTFO troll. You're exactly like stock_trd3r, never posting a single comment of substance, but idiotic, drive-by comments (mostly off topic).

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZb6bu33Whng Mortgage Applications Fall as Interest Rates Jump (Update1) Share | Email | Print | A A A By Shobhana Chandra June 10 (Bloomberg) -- U.S. mortgage applications fell last week to the lowest level since February as a jump...

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_15TjtHqhwM U.S. Trade Gap Widened in April as Exports Slumped (Update1) Share | Email | Print | A A A By Shobhana Chandra June 10 (Bloomberg) -- The U.S. trade deficit widened in April for a second month as exports dropped to the...

Do you ever contribute a single comment of substance on any thread you interject yourself into? EVER??? Troll.

Students in China, Japan, South Korea, Taiwan and many Western European nations are far more proficient in math and science by the time they reach high school as many Americans are by the time (and if) they enter university. Our public primary school system in this country is a patchwork that...