tag:blogger.com,1999:blog-6616959642391988608.post2779695021767654498..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: What this recovery has taught usScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6616959642391988608.post-69056198710330379542011-05-03T08:28:11.770-07:002011-05-03T08:28:11.770-07:00Great work Scott. U r #1Great work Scott. U r #1TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37674375696223941812011-05-01T11:41:46.252-07:002011-05-01T11:41:46.252-07:00Easily.
http://research.stlouisfed.org/fredgraph....Easily.<br /><br />http://research.stlouisfed.org/fredgraph.png?g=m3<br /><br />Federal receipts haven't funded federal expenditures for 40 years. Why start now?Matt Busiginhttps://www.blogger.com/profile/03262179214077430841noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23086899903421179072011-05-01T11:31:00.590-07:002011-05-01T11:31:00.590-07:00I would argue that the 25% increase in government ...I would argue that the 25% increase in government spending as a % of GDP has almost certainly raised fears of a corresponding, and significant, increase in future tax burdens. How could it be otherwise?Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41028458929479288882011-05-01T11:08:35.189-07:002011-05-01T11:08:35.189-07:00I am not assuming that no-one's behaviour woul...I am not assuming that no-one's behaviour would change; I am saying that there is little expectation or behaviour change now.Matt Busiginhttps://www.blogger.com/profile/03262179214077430841noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17213353633103048692011-05-01T11:02:06.522-07:002011-05-01T11:02:06.522-07:00Matt: you are making some heroic assumptions. Do y...Matt: you are making some heroic assumptions. Do you really believe that no one's behavior is influenced by taxes or by expectations of changing tax rates? There is plenty of data to prove you wrong.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83368007589770194452011-04-29T16:06:06.596-07:002011-04-29T16:06:06.596-07:00One final comment (sorry!) -- I don't think fe...One final comment (sorry!) -- I don't think fear of taxation is holding back a single economic activity. <br /><br />I will of course concede that there may be a one-time improvement by normalising our corporate tax rates to repatriate some capital & business in this country.<br /><br />NOBODY domestically, however, is holding back building a factory or starting a business because of Matt Busiginhttps://www.blogger.com/profile/03262179214077430841noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63928831599359220322011-04-29T15:57:32.236-07:002011-04-29T15:57:32.236-07:00First point:
A Superior Output Gap Chart
The out...First point:<br /><br /><a href="http://research.stlouisfed.org/fredgraph.png?g=la" rel="nofollow">A Superior Output Gap Chart</a><br /><br />The output gap has not been 10%. It was just above 7% at peak. It is also eclipsed by the output gap of the early 80s, which was above 8%.<br /><br />It is also absurd to think that the government is in the way of recovery with such a large output gap. <Matt Busiginhttps://www.blogger.com/profile/03262179214077430841noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75961664217317557722011-04-29T03:11:49.262-07:002011-04-29T03:11:49.262-07:00Afghanistan Yes...Iraq No....a
monumental mistake...Afghanistan Yes...Iraq No....a<br />monumental mistake that resembles<br />what the British did before their<br />empire crumbled...broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37741971874385338752011-04-28T20:49:44.839-07:002011-04-28T20:49:44.839-07:00The Left always doubles down on stupidity and fail...The Left always doubles down on stupidity and failure as their ideology is an emotion based one of equality at all costs. Motive to them matter more than results.Billhttps://www.blogger.com/profile/05145490918994594519noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11728160208419402952011-04-28T14:56:46.094-07:002011-04-28T14:56:46.094-07:00Could have created a lot of natural gas infrastruc...Could have created a lot of natural gas infrastructure for autos for 800 billion. But Iraq had nothing to do with oil... all of our defense and foreign policy is all about freedom and the American way.randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80682759002696375412011-04-28T14:56:09.667-07:002011-04-28T14:56:09.667-07:00Krugman's contention that the stimuless wasn&#...Krugman's contention that the stimuless wasn't big enough is a congential defect in liberal thinking. They start out with a philosphy, implement action and then when it doesn't work or worse yet, when the policy action produces an actual negative result their prescription is to do more of it otherwise they'd have to admit that their philosphy was wrong. Can't do that.<br /><NormanBhttps://www.blogger.com/profile/05986709079442388236noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39958794918719624682011-04-28T12:02:54.565-07:002011-04-28T12:02:54.565-07:00Oh wouldn't it have been nice to have the 800 ...Oh wouldn't it have been nice to have the 800 billion we spent towards the War in Iraq ( an expense conveniently forgotten<br />as we pillory the banks and the Fed)broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50734268410470899712011-04-28T11:58:12.001-07:002011-04-28T11:58:12.001-07:00You'd get my vote as Fed Head!You'd get my vote as Fed Head!TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59147879692285942632011-04-28T11:15:07.941-07:002011-04-28T11:15:07.941-07:00Isn't the drag on GDP increased imports? If i...Isn't the drag on GDP increased imports? If imports weren't subtracted, wouldn't the GDP number show a much more robust recovery?Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31734853997193575722011-04-28T11:12:48.215-07:002011-04-28T11:12:48.215-07:00Then the solution must be: Do nothing, except may...Then the solution must be: Do nothing, except maybe remove regulation and barriers to businesses! <br /><br />Right<br /><br />Of course even Krugman didn't think that unemployment benefits will provide the uplift to the economy, it was to be a floor (maybe). However, income in America are falling, daily cost of living are rising (food & energy). There is a bubble out there, its calledFrozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.com