"Clearly the deficit is way out of control, but at least it is a small decline instead of an increase".
An election year will produce spikes designed that don't compute with reality.
10-year Treasury note has jumped more than half a percentage point. Bond experts concede
that the long-awaited transition to higher interest rates might finally be underway.
"If these higher gas prices were going to discourage demand, we would have already seen signs, overall
the markets have probably got room to go even higher" - Alaron Trading Corp
Don Evans, has gone even further, saying opponents of open trade are "waving a surrender flag rather
than the American flag". No wonder the Republicans have a death wish!
"You don't get to bypass the city and their building and safety and their planning departments".
No Democray when it conflicts with the bureaucracy and politicians.
"First and foremost, compliance with reliability rules must be made mandatory with substantial penalties
for noncompliance" - Energy Secretary Spencer Abraham
308,000 new jobs, hiring at the fastest pace in four years; while civilian unemployment rate
bumped up to 5.7 percent - election year cooking of the books!
Ousting AT&T Corp., International Paper Co. and Eastman Kodak Co. in favor of American
International Group, Verizon and Pfizer, illustrates that manufacturing has gone offshore, its a new economy.
If an exchange between two parties
is voluntary, it will not take place unless
both believe they will benefit from it. Most
economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
If you ask me to name the proudest distinction
of Americans, I would choose- because it contains all the others . . . the fact that they were the people who created
the phrase "to make money." No other language or nation had ever used these words before; men had always thought of
wealth as a static quantity . . . to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were
the first to understand that wealth has to be created.
