Calafia Beach Pundit
To judge by the level of Treasury yields, the outlook for the U.S. economy has never been so bad. At 0.2% and 0.9%, respectively, 2- and 5-yr Treasury yields are lower today than they have been at any time during my lifetime. Far lower. Lower even than they were at the end of 2008, when the market was priced to years of deflation, a global depression, the default of as many as half the companies in the country within the next 5 years, and a global financial collapse. Wow.
With his popularity plunging, and the economy on the ropes, Obama is being forced to change. I can't imagine that he will not adapt further, eventually supporting pro-growth, pro-business policies. The electorate doesn't like what's been happening. Keynesian stimulus policies have been proven not to work, and next week he simply can't reiterate his calls for more stimulus spending and more unemployment benefits. I've never seen so much political, economic and financial tension in the markets. This is not a long-run equilibrium situation; something has to change for the better, and it can't wait until next year's elections.
With his popularity plunging, and the economy on the ropes, Obama is being forced to change. I can't imagine that he will not adapt further, eventually supporting pro-growth, pro-business policies. The electorate doesn't like what's been happening. Keynesian stimulus policies have been proven not to work, and next week he simply can't reiterate his calls for more stimulus spending and more unemployment benefits. I've never seen so much political, economic and financial tension in the markets. This is not a long-run equilibrium situation; something has to change for the better, and it can't wait until next year's elections.
things look so bad they can only get better
ReplyDeletethis is untrue
fact is we have been lied to for so long this is just the begining
people are so stupid
heres one dont worry be happy you have aids
see how dumb that sounds
treason has destroyed america and be happy as it go down the tubes our reward is here
Everything has a reason man! Everything! You have AIDS for a reason; you did something you shouldn't have done - well if your being lied too; don't you think it's about time to change
ReplyDeletethat? It's also about choices man - people on here just bitch and moan about politicans, banks. food prices. gasoline costs yada yada yada - how many say in the next sentence; I'm
now growing a garden; I yanked everything out of the bank, cut up my credit cards and yold myself - never agin will I borrow from a bankster - I swithched my car over to CNG
The choices are real and they do exist
You want to talk about stupid ! Stupid is doing the same thing over and over and over
and then expecting some winged angel to feel sorry for your dumb ass and make it different this time
Get real man - if your gonaa talk the talk
Try walkin' the walk !
Everything has a reason man
ReplyDeleteand what if you have cancer you did that too
you seem very young
i am not biching but speaking the truth
everything does have a reason in gods eyes
but if more people spoke up our country wouldnt be in this postion
if you dont see how the politicans have destroyed this country i wont waste my breath
also im rich you are proably poor and young
so useing postive ideas to feed your inexperiance hopeing for good thinking thier has to be a reason for everything
somtimes bad things happen to good people
and to say we are on here bitching is a fools jest
why are you here ? you must see that what is coming is bad and cant face the facts.
just buy saying thier has to be a reason
is a fools mind
wisdom is earned and you are lacking