Reports of the death of the US economy are greatly exaggerated. They always are.
Don't get me wrong, policy is poor on the fiscal side and in proposed taxes, spending we don't need etc. Monetary policy has been entirely sound and correct, however, and the adjustments of American business to the recession were thorough, efficient, swift, downright merciless. And entirely effective.
In the long run, betting against the US economy, like betting against the US military, is for losers.
That is totally unsustainable.
As the borrowed money dries up things will return to their downward trend until Obamacare and his endless spending and new taxes finally die. If those things do not die, things are going to be meager for years to come.
Someday we’ll be at a point where the US economy will no longer be able to support the US military and all will come to an end.
We arent’ there. But every day we get a little closer.
“In the long run, betting against the US economy, like betting against the US military, is for losers.”
Growth in real health spending per capita has outpaced growth in real GDP per capita by more than 2 percentage points during the past 50 years. Should this trend continue for just 35 more years, our real standard of living—i.e., what we have to spend on everything besides health care—will begin to decline. That is, even though our aggregate standard of living (measured in GDP/capita terms) will continue to grow, our NET standard of living will decline because health care will have crowded out so much of what we can spend all the other things in life that make it worthwhile.
This is not betting against the U.S. economy: it is simply recognizing that a tumor largely of the government’s making needs to be addressed before it kills the otherwise healthy patient in which it is growing.
Dunno.
Based on how Afghanistan and Iraq are turning out, if you hang on long enough the Democrats will sabotage the war. Might make betting against the US military safe bet.
Of course, actually meeting the US military in a pitched battle will still be suicidal.
Commercial Foreclosure Bomb about to burst...
Almost 10% of FHA Mortgaes now 90+ Days late..
Warnings already out of January’s unexpectedly unexpected increase in Unemployment...
Highest black (ie. Inner-city) Unemployment in 25 years.
Air Freight Volumes down 10% over last year.
U.S. railroads reported originating 227,327 carloads, down 1.5 percent compared with the same week in 2008 and down 17.9 percent from the same week in 2007.
Construction spending DOWN for January...
There is NOTHING propping up Wall Street except 401K Payroll withdrawals looking for a home.
Forgot to add FEDERAL TAX RECEIPTS DROP 12.4% IN JANUARY.
The Public Sector is spending money we don’t have, while the Private Sector CONTINUES TO DIE.