tag:blogger.com,1999:blog-6616959642391988608.post6827019913549796431..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Yield curve signals growth (cont.)Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-1570484622772005802011-10-21T11:33:41.703-07:002011-10-21T11:33:41.703-07:00Dr William:
The ungodly waste of taxpayer money o...Dr William:<br /><br />The ungodly waste of taxpayer money on a $1 trillion-a-year federal agency complex--the DoD-VA-Homeland Security miasma--will not be undone overnight.<br /><br />But there are conservatives, such as Pat Buchanan or Ron Paul, who call it straight.<br /><br />It is sad that what you hear in right-wing echo chambers is true--Solyndra was an abomination for example--but never Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84676099906151063882011-10-21T11:07:48.529-07:002011-10-21T11:07:48.529-07:00Making a statement that the Fed can't stay at ...Making a statement that the Fed can't stay at zero forever is like saying house prices will never fall nationally. Time to change the inputs into the models to accommodate for exactly such an occurrence.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77161628347208482382011-10-21T10:49:28.527-07:002011-10-21T10:49:28.527-07:00Benjamin, I doubt any of these wars are truly over...Benjamin, I doubt any of these wars are truly over -- the US has maintained troops on permanent occupation duty in places such as Germany, Italy, Korea, Okinawa, Japan, Cuba, and other places for decades -- neither the Republicans or Democrats appear eager to cut defense spending by the way -- I suspect that hundreds of thousands of US troops will remain overseas for many decades to come -- McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85590473418460246112011-10-21T10:01:12.962-07:002011-10-21T10:01:12.962-07:00The rally today highlights another positive--we ar...The rally today highlights another positive--we are finally getting out of extraordinarily expensive wars, that were adding trillions of dollars to the national debt.<br /><br />Some say Iraqistan is a $4 trillion undertaking. <br /><br />Obama today says we are out of Iraq Jan. 1 and 2014 on Afghanie (the longest and among the most futile wars in US history, and we will probably lose there, muchBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18670568553304582882011-10-21T09:41:50.429-07:002011-10-21T09:41:50.429-07:00Growth would be moving faster but for the pending ...Growth would be moving faster but for the pending defaults along the southern flank of Europe and at the state and municipal level in the US -- these defaults will have to be transacted in some form before a true recovery can take root -- my guess is the growth will continue drip forward, but that bond rates will remain near zero for a couple of more years -- also, US employment is likely to dropMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58457941568597246822011-10-21T09:27:17.650-07:002011-10-21T09:27:17.650-07:00"Today, we know the Fed can't stay at zer..."Today, we know the Fed can't stay at zero forever; at some point the economy will pick up and the Fed will begin increasing short-term rates."<br /><br />Probably, but not for sure. The experience of Japan illustrates a central bank can go to zero, or nearly so, and nothing happens. They just stay there. For 20 years and counting. <br /><br />As measured by the core CPI, the USABenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com