Sunday, February 24, 2013
Saturday, February 11, 2012
Thank you George Will for pointing out outright lies by the Republicans on this issue. These cuts will make us stronger because it will make our military more focused. It also makes us economically stronger by cutting the largest detractor from our nations economic strength. Study after study has shown that military spending actually detracts from economic growth. The Soviets and the Roman empire fell because its military spending outgrew its economic growth. This is our current path. The sad part is the Republicans are just too myopic to understand this.
The GOP's indefensible rhetoric on national security
Republicans who think America is being endangered by "appeasement" and military parsimony have worked that pedal on their organ quite enough, writes George F. Will. The facts don't bear them out.
Saturday, February 4, 2012
Click on the link below to check out a video on the issues in Europe. A must see!
Welcome to Punk Economics and new way looking at the economy based on the central idea that what is important is not complicated and what is complicated is never important. I hope you like it. More to come.
Thursday, January 26, 2012
Exporting is Good For Your Bottom Line
The Economic Impact of Exporting
- U.S. exports of goods and services totaled $1.83 trillion in 2010. Exports are a growing and substantial part of the U.S. economy, accounting for 12.5 percent of our nation’s GDP.
Tuesday, January 24, 2012
Why can’t that work come home? Mr. Obama asked.
Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.
The president’s question touched upon a central conviction at Apple. It isn’t just that workers are cheaper abroad. Rather, Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products.
Over 700,000 workers oversees are working on Apple products. My first thought is to blame Apple for being so greedy that it is willing to hurt the very country it got its start just to make an obscene amount of money (if their growth continues at this pace they will have over 1Trillion in cash). At further look, Apple still has much to apologize for the fact is our country has created a high cost of living and regulation that makes these type of jobs just a dream. There is no doubt that Apple must change but so must America. A reset of our economy must occur. Click on the link below to read the whole NY Times article.
Thursday, January 12, 2012
Looks like the Fed is ready for another failed attempt at money printing to spur the economy. All QE has done is created inflation and higher stock prices for the rich. It has created a few jobs but not enough to justify the tax it puts on the middle class family. The sad part of this is that the Democrats actually think this is good for the middle class. Below is a verse from a good article about QE.
For "Average Joe" This Is A Losing Game
Currently, it appears as if the market is "front running" a third round of QE coming by March with the current estimate being roughly between another $300 to $750 billion in purchases. While the markets will likely get some boost from the program it is unlikely to spur any real resurgence in activity in the housing market. While this might be welcome news for jittery investors clamoring for Fed intervention to help boost market confidence another round of quantitative easing wouldn't be a panacea for the ailing U.S. economy.
Click below to keep reading…
Tuesday, November 15, 2011
'Only massive debt restructuring can save EU'
“Kyle Bass is a hedge fund founder who saw the financial crisis coming and made a fortune from it - first from America's sub-prime mortgage crisis and then from betting that Greece would default.”
Check out this 2 minute interview that will explain both the global and EU crisis and solution in just two minutes. He adds a little humor that makes this a must see. Click below to go to the BBC interview.