Posted on 09/14/2007 7:22:12 AM PDT by Robert Drobot
And the trade deficit is beginning to come down, lower in the last 2 months, it takes a little while for the weakening of currency to show up in the decline of the trade deficit. Not that the "trade deficit" concerns me much.
Those job numbers are likely to be revised drastically upwards in another few months. Happens almost every time lately.
Healthcare is free, just ask Hillary.
Paul Craig Roberts used to be a pretty good read..... Now, he’s just a doom-saying loon of the Pat Buchanan stripe.
Note that the author does not make the same argument, because it would demonstrate that his fixation on stagnant growth in real median income is economic BS.
Debt is dirt.
I have believed this to be the case for many years. When they calculate manufacturing domestic product in they U.S. they base it upon cost of the products sold, without consideration of the foriegn components in the actual products, I think.
“Americans are dependent on imports of foreign foods, feeds and beverages in the amount of $8,975,000,000.”
I stopped reading right there.
Americans ARE NOT dependent on imports of food and beverages. It’s not like we absolutly need Chinese/Indian food or Molson ale, we just like to have choice. If it ever get’s to the point where we have to consume our own home grown foods then the rest of the world will starve.
My Grandfather said somethign to me I wish I would have listened to in my 20’s, “Debt is the ugliest 4 letter word there is.”
But there are some deep, dark clouds on the horizon although not the ones mentioned in this article. The tsunami of future entitlement spending and runaway government pensions is very troubling. The amount of borrowing and taxation to pay for this future spending is unsustainable. The prospect of future high energy prices and energy shortages is troubling. The mandates and subsidizes for biofuels and renewables could make the US economy much less competitive. The litigation and regulatory environment are also onerous.
Yep. And try getting any metal parts fabricated at any machine shop in the country and you'll be told there is a 6 month to 1 year waiting list anywhere you go. If you want something quickly, you'll have to pay a huge premium in order to get it.
‘Squares of the City’ by Brunner nearly induced me into getting a master’s degree in city planning. What happened to Brazil besides a lack of a national system for recording private property ownership?
Thank you for that concisely phrase insight. I agree whole-heartedly.
Nope. There’s a fairly complex “value added” calculation.
Not to worry. Goldman Sachs, the defacto fourth branch of the US government, together with their Federal Reserve underlings will take care of it.
Remember back when 5% unemployment was considered full employment?? The 5% included those unable or unwilling to work at any given time.
Unemployment is now at 4.6%
The most amusing bit was the link of unskilled and middle class. Say what?
Nope. There’s a fairly complex “value added” calculation.
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I hope it’s accurate. It seems to me with all the complaints I get from manufacturers about overseas competition, outsourcing, etc, that manufacturing has not been growing in the U.S. unlike what the government numbers show, but it’s easy to get that wrong as an individual without aggregate data. It’s also easy to get wrong with aggregate data!
“What happened to Brazil besides a lack of a national system for recording private property ownership?”
From what little I understand of such things, Brazil is simply a continually failed promise.
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