tag:blogger.com,1999:blog-6616959642391988608.post1678011548759794099..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The pace of business investment is strong, but the level is still disappointingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-60880163696099549642010-06-24T12:11:23.178-07:002010-06-24T12:11:23.178-07:00But cash is fungible. Maybe the corporate profits ...But cash is fungible. Maybe the corporate profits are invested in non-cash stuff (and they likely are), but that just frees up cash. On a flow of funds basis, the corporate sector is contributing gobs of money and the public sector is borrowing gobs of money.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-709295333014632002010-06-24T11:58:18.787-07:002010-06-24T11:58:18.787-07:00I don't think corporate cash is being borrowed...I don't think corporate cash is being borrowed to fund the deficit--I think global capital markets are being tapped, and there is gobs of capital with no home. <br /><br />That is not to say that the "deficit doesn't matter"--the old Bush and Reagan theme. I think they matter very much, and should be reduced, by 15 percent across the boards whacks in federal spending if Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70599808772377482562010-06-24T08:44:01.787-07:002010-06-24T08:44:01.787-07:00One can only imagine the potential of this market ...One can only imagine the potential of this market -- and country -- if we had a government that wasn't intent on destroying America.<br /><br />Scott, off topic, but wanted to pass these gems to you:<br /><br />http://www.lvrj.com/opinion/obama-s-agenda--overwhelm-the-system-95716764.html<br /><br />And, very powerful statement from Steve Wynn:<br /><br />http://www.infowars.com/Cabodoghttps://www.blogger.com/profile/08299113185481067179noreply@blogger.com