Kel Kelly @ January 13, 2011 # No Comment Yet
Investors are happy today that a deal was reached on “tax cuts for the rich.” Lower taxes definitely help the real economy, but, except for a one-time pop, they can’t raise the stock market.
Only money/bank credit can push stock prices higher.
See here and here for explanations.
Kel Kelly @ January 13, 2011 # No Comment Yet
This topic needs no introduction. We hear discussions in the national media weekly about the possible threat an economically resurgent China poses to the United States — and even to other countries. So how concerned should we really be about China’s economic and military might? Answer: China’s economic development itself is not in any way […]
Kel Kelly @ January 13, 2011 # No Comment Yet
Cuba is once again opening its economy in order to prevent further economic retrogression. Raul Castro says that this time it’s the real thing. But, he notes, that the act of permitting more capitalism is for the sake of strengthening socialism. What he’s really saying, obviously, is that socialism is not working and Cuba needs […]
Kel Kelly @ January 13, 2011 # No Comment Yet
Freedom Swiss style: Pay a per head tax on your pet or the state will kill it.
So much for private property—one’s pet—being one’s own. If pet owners don’t pay the state money, most of which goes into someone else’s pocket, it will come after them. A local Swiss politician described it for what it is:
“It’s meant […]