Recent content by Jomama

Capitalism is as old as humanity, trading something of value for something of higher value.

You're dead right. AND they have annual pay increases AND fat (unaffordable) pensions, AND they have about 2 people for every job. It's pure theft of our taxes but politicians are weak and uncontested-unions are strong, so we're probably stuck with it.

80 Year Debt Cycle coming to an end. No one saw the house of cards propping up generations of phony wealth. None of us.

Goldman is now forecasting a real GDP sequential decline of 34% for the second quarter on an annualized basis, compared with its earlier estimate for a drop of 24%. It also cut its first-quarter target to a decline of 9% from its previous expectation for a 6% drop, according to chief economist...

OP is a fool.

Which has nothing to do with anything. Look at the unemployment rates of the $15/hour minimum wages cities in the US and compare to places like Alaska (no taxes), Mississippi (low taxes, low wages, low regulation) and other similar perpetually under-performing states. Look at immigration if...

Yep, $1T deficits and consumer spending are the foundation of this robust economy. The industrial sector is in decline, many sectors in technical recession. THE only remaining question is does the US deficit spending infect the rest of the world economy and make it healthy? Or maybe it's...

OMG 105.3% to 103.2%. Yes, he's still got $1T annual deficits and the industrial recession has begun but this 2% difference is worth framing and hanging over the mantle in your home, while it lasts.

Patience is an affliction and hope is delusion.

China is in the crapper, Mexico is slowing quickly, Europe is sick, Middle East is soft. US/Canada has been the only strength in a year. In 2019 industrial pulp and paper prices have tanked. Auto is scaling back and halting a lot of Capex. Steel production is falling quickly, copper demand...

Pile on the debt.

Yes, more than once.

Oh great catch. Good for you. I got carried away and made a grievous error.

read above. Auto, steel, copper, paper, pharma, aerospace, utility.