Thursday, June 30, 2011
Sunday, April 10, 2011
budget conundrum
The national interest of the United States is that of a debtor. Its interest lies in continually lowering the value of each outstanding dollar bill.
The personal interest of most Republicans (and anyone else who has a sliver of money) is the opposite.
That is that essence of the budget fight.
The Obama budget calls for the U.S. to pay out $900 billion net interest in year 2021 -- of course, all with newly minted, fresh-smelling new money.
The Republican figure is not that much better: $600 billion.
Monday, January 31, 2011
Monday, January 24, 2011
Re: Party's over
Yeah _that_ party is over, but we are not predicting the big one at this time. There will be another big one, but it seems too early for it now (may be around 2013). Maybe it'll only do a 25-30% at this time.
The party is over ... go home ....
Thursday, January 20, 2011
Sunday, September 19, 2010
China's GDP
China's GDP has caught up to Japan's this year. It's GDP now stands at more than $5T compare to USA's $14T.
Various sources has indicated that China will catch up to USA in 20 years, around 2030.
But consider that China's GDP has doubled during the last 5 years, why would it take another 20 years to close the 2.6x gap?
I think that, giving current trajectory, China's GDP will catch up to USA's in about 6-7 years. This will partly be due to China's natural 10% annual growth, but the Fed will also play a big part, by printing $$ and tilting the exchange rate further.
Monday, September 6, 2010
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