12/01/2004

Ya gotta love it--or hypocrisy on the Right...

When Reynolds, NRO, LGF, Weekly Standard, WSJ and every other Right Wing blog and rag gives "advice" to the Democratic Party you just have to know they are sincere. Spare me the bullshit, all of you know this is just gloating under a false flag. I suggest it's time to stop this crap and focus on the future, which is what this election was supposed to be about.

The Economy: How about the dollar? The MSM is driving the screams of pain about the dollar fall, and this includes the WSJ editorial board. The Fed will raise rates at both the January and February meetings and this will end the fall. The Fed has also leaned on the money supply, which means that dollars will be repatriated to the FED.

However you will note that we are exporting more than we ever have and that we are beginning to run a trade surplus in everything but oil. The current liberal whine about savings misses the point: the current PRIVATE wealth in the US is estimated to be between 50 and 75 TRILLION. Count it up. Stocks, bonds, real estate, cash, private business value, etc. Last quarter GDP was 3.9%, a huge number, especially compared to Europe. China is somewhere around 20% but 20% of nothing ain't that hot either. S&P is up 50% from the post 9/11 bottom (as is the Wilshire).

Our exports TO China and India grow each month, inflation is the lowest since 1960, and if you look at commodity prices other than energy, gold, and copper, they are down and down big. The caveat there is the El Nino developing in SA. Those torrential rains in Peru, Ecuador, and Columbia are the tipoff to a worse El Nino than expected. I still think that when interest rates hit 2.5% you will see a dollar rally, especially since the EU seems paralyzed.

6 comments:

Unknown said...

Howard, IMF is now projecting China to grow at just over 9%. I'm sure you understand that ALL the economic data given out by the Communists is BS. China is running a pyramid scheme and it'll fall apart sooner or later.

Anonymous said...

[ The current liberal whine about savings misses the point: the current PRIVATE wealth in the US is estimated to be between 50 and 75 TRILLION. ]

Yep, and a lot of that great heap o' gelt is in the hands of the usurers who own Visa and MasterCard. Jesus himself took a dim view of their kind.

Howard, you're confusing mean or median income with modal average income again.

[ Count it up. Stocks, bonds, real estate, cash, private business value, etc. ]

Real estate is about to top out.

-- david.davenport@netzero.com

Anonymous said...

[ Jesus himself ]

Whoops, make that "Jesus Himself."

Anonymous said...

[ When Reynolds, NRO, LGF, Weekly Standard, WSJ and every other Right Wing blog ... ]

Reynolds, NRO, LGF, Weekly Standard, WSJ, etc. are not "Right Wing." They are NeoCons.

-- daivd.davenport@netzero.com

Anonymous said...

[ The MSM is driving the screams of pain about the dollar fall, and this includes the WSJ editorial board. The Fed will raise rates at both the January and February meetings and this will end the fall. The Fed has also leaned on the money supply, which means that dollars will be repatriated to the FED.

However you will note that we are exporting more than we ever have and that we are beginning to run a trade surplus in everything but oil. ]

MSM = Democrats = rag trade, movie biz, etc. = retailers = ...

Republicans = Rust Belt manufacturors and farmers = Red Staters

Red states will benefit more from a weaker dollar than will Blue states. Boo hoo hoo.

Anonymous said...

[ The MSM is driving the screams of pain about the dollar fall, and this includes the WSJ editorial board. The Fed will raise rates at both the January and February meetings and this will end the fall. The Fed has also leaned on the money supply, which means that dollars will be repatriated to the FED.

However you will note that we are exporting more than we ever have and that we are beginning to run a trade surplus in everything but oil. ]

MSM = Democrats = rag trade, movie biz, etc. = retailers = ...

Republicans = Rust Belt manufacturors and farmers = Red Staters

Red states will benefit more from a weaker dollar than will Blue states. Boo hoo hoo.