Mile Marker 2455539

The US economy is impaled upon the horns of a dilemma. The US must consume in order to heal but with 20% under/unemployment and flatline income, that ain't going to happen. Consumers are tapped out so they can't borrow to consume so the government has to deliver tax cuts so americans will buy stuff. But public debt is unsustainable and growing so any tax cuts just increase indebtedness, kicking the can down the road. We may survive tomorrow but not so sure about next year.

The Chinese think the US economy is in worse shape than the EU and in 6-12 months it will show.
______________________________________________________
Most americans in a recent poll think that China has a stronger economy than the US. Who knows? The dictatorship is notorious for their lies and distortion AND how does one compete with slave wages? China is eating our supper because we let them.
______________________________________________________
Oil flirted with $90 this week and speculators think a $100 floor is possible. Forget the Dow and bond markets, commodities is where the money is. Be afraid of commodity speculators!
______________________________________________________
Goddamned hackers and leftists showed support for Assange by shutting down commerce and declaring Manning a hero. I don't know why americans don't hunt down hackers and leftists and hang them. The costs of both are enormous and they create nothing. Can we afford them in post-Depression america?