The cow is dying. Milk harder!!!
If it needs stimulus, it’s not a recovery.
Joe Weisenthal
Apr. 5, 2010, 8:01 AM
There's certainly a lot of talk still about a possible real estate bubble in China, but at this point, there's basically no evidence that anyone is concerned with the possibility that said bubble will burst.
But at this point, with copper surging day in and day out, the market seems to have no concerns whatsoever that Chinese demand will even stutter a little, as MineWeb points out.
Other measures of Chinese import demand, like the Australian dollar, have come off very nicely from their lows.
The truth is, saying the markets are ignoring any Chinese concerns is a narrow of saying a broader truth, which is that the markets aren't concerned about much of anything anymore. Sure, Greek spreads continue to widen a bit, and there was just a bomb attack in Pakistan... but it doesn't matter.
Seemingly nothing can slow us down right now.
Giddy up!
Tax cuts are stimulus.
Government spending doesn’t stimulate anything but government.
Heroin users feel like they are going to die, too, without more heroin.
What recovery? The economy is still shedding private sector jobs at an alarming rate with no end in sight......
This is the Paul Krugman cry, endlessly spend money you don't have (borrowed) until the economy recovers. I think the flaws in his thinking are becoming more and more obvious. Bill Clinton saw it in 1993. The resulting debt will kill any recovery. The new paradigm is you can borrow your way to prosperity. That their is a free lunch. How's that working so far?
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
Cutting taxes and spending ( gifting), would result in a loss of control.
The bank wants another bribe. I think they plan to crash the system anyway but they want more money first.
It is clear that I am underfunded. The government needs to make the commitment to my interest and properly fund my goals.
More “stimulus” means more unemployment and other “benefits” will be extended.
Considering the amount of money that major Corporations are announcing in these charges because of Obamacare, we are probably looking at another round of layoffs in the next few weeks. Today is the start of the first full week of the 2nd Quarter, which means we will be seeing 1st Quarter financial statements coming our over the next few weeks.
We’ll see how long all of this irrational exuberance lasts.
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Cut the size, scope and budget of government. That is the best stimulus.
Not to worry! Brown,Merkel and their buddies are putting a global tax plan together - this will be another outrage that Obambam will sign on to. Check it out at the Finanacial Times. Can hardly wait /s/