Krugminator2
Member

All of those numbers are just made up. China is a mess. China is also a cautionary tale for the US. Their stock market is down almost 40% over the last 10 years. It turns out an economy built on debt and government spending might not be a good thing. Japan's stock market is still well below 1989 levels.

Also Roger Stone got something right. http://www.ronpaulforums.com/showthread.php?524387-Mick-Mulvaney-will-be-Chief-of-Staff-Roger-Stone-confirmed

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1073706005333200901 Here is old Admiral McCain strongly speaking out against Mulvaney. BWAHAHAHAHHAHAHHA

The Austrian School of monetarists. So that's actually not a thing that exists. I mean. It kind of worked. They had 400% inflation then they didn't. So kind of good policy right? So Britain had out of control inflation. They dramatically tightened the money supply. They had a predictable contraction and it took time to end the out of control inflation. Then it ended and Britain had 20 years of remarkable growth. We can kind of see the results. We live in the future. They had double digit inflation and unemployment. Then they became a fast growing economy.

I knew that and for some reason forgot to add it. Kind of amazing. All in one week.

I am going to pass on reading it. But did he just make up definitions? Is that why you answered "yes".

This reminds of the poll where people said Republicans would GAIN seats in the mid term The answer to "Are we in a recession?" is no. It isn't really even debatable. We might be by 2020. But geez. No. We are not in a recession. We are close to the top of the cycle though. and might start rolling over soon. "Currently (last updated December 6, 2018, using data through November), this "Yield Curve" model shows a 15.7683% probability of a recession in the United States 12 months ahead." https://seekingalpha.com/article/4227461-probability-u-s-recession-december-2018

MeToo like equal pay laws reduces the incentive to hire women. Nobody wants to be sued. My dad was in management in the trucking industry. He would never hire or fire a woman alone in the same room and he retired 10 years ago. This isn't a new thing. A significant percentage of women are crazy and they will use their gender to ruin your life. #FACT

He really only voted against Brennan because he had too after filibustering the drone thing.

What's funny about that is now is probably the best time in 8 years to have gold threads. I have never been a gold guy but the fundamentals are there with the positioning of large speculators and hedgers combined with the budgets which could be even more substantial in a recession. There is a good chance gold finally wore out all but the most hardcore of goldtards and is ready for an advance in the coming years. Maybe not. But it is the first time I have been bullish on gold.

1070106980298186753 Here is one of those intellectual arguments from a genius Democratic Senator. I think she means to say the future will be poorer and less free. And the future will be even more feminized and justice will be determined based on some Marxist theory that classifies people into victim groups. Great. Sign me up.

Good points from the good Senator. "Republicans are racist, sexist, homophobic racists who support rape and want the poor to starve" are such strong intellectual arguments. *Pointing at my head*

That's interesting. I live right around the block from this. I could practically walk there.

So.... Yeah..... That Tweet never actually happened. I would assume you know that but then why would you post it?

Even though Bush is the worst kind of liberal Republican and it is ridiculous today is a holiday, he did do two good things. He put Clarence Thomas on the Supreme Court. And he gave FA Hayek a Presidential Medal of Freedom right before Hayek died.

The yield curve didn't actually invert. They played games to get that article headline. It is close probably early next year and there is usually a year lag between when the 2 and 10 year yields invert and a recession.

I don't know anything about gold or trading commodities, but I see you had the COT data in your video. I see open interest fell off the map last week and large traders were net short for the first time since 2001 in August and commercial hedgers are actually more net long than the large traders which basically never happens. It seems like this is kind of significant. You should do a video on that.

This is the most ridiculous thing I have ever seen. The only thing I am mourning is that I ordered something online and now I have to wait an extra day because it won't be shipped until Thursday.

I would be okay executing any elected politician who proposed this..... We're not Making America Venezuela Again.

Right. I am all for freedom and take responsibility. Here is the problem. I just helped someone with their insurance and benefits. They make a good income in management in the auto industry. Smart person. Didn't choose the HSA option with health insurance. Very poor decisions and I am sure that is standard. Truthfully, I would rather someone from CATO or the Heritage Foundation just set up a system like Singapore and force people to behave correctly. I know it isn't libertarian. I also know the life will be better for just about everyone with that kind of paternalism. It is great to say just get government out of health care. Super. That is never going to happen. Medicare, Medicaid, Obamacare, the huge health insurance industry built on tax breaks to provide insurance to private employers, the VA System are like 95% of the health insurance market. It isn't just going to eliminated. That isn't close to be an option under anyone. Not under Ron Paul. Not under Gary Johnson. Not under President Murray Rothbard's ghost. So you can either propose solutions that will be less terrible or get single payer.

While I agree with what you said, here is the dilemma. If you leave it up to people to save and pay for their own stuff, you want to know what will happen? They won't buy insurance. You want to know who is going to end up paying their bills? Me. People also don't save and when they do save they have all sorts of brain-dead ideas and try to time markets. The average 401k investor gets a return that is like 80% less than the market because they sell out of stock in 2008 and wait to get back in. I am not sure what the solution is but it seems like the choice is between pure socialism or using the heavy hand of government to make people behave correctly. I would rather have a Sinagapore system where they force you to save and tell you how to save and make you put money into an HSA and make you buy insurance than what is going to happen otherwise. Freedom is unlikely to be on the menu.

I dislike her a lot but what is wrong with what she said? As someone who pays for his own insurance, the individual health insurance market is insane in this country. I honestly don't know how a hair stylist or some other self-employed person in their 50s with a family who makes more a more medium income can afford insurance. This is an issue Republicans have to deal with or else more extreme people like Sanders and this woman will win the debate.

All I know is Ronald Reagan hated George HW Bush. https://www.chicagotribune.com/news/ct-xpm-1988-05-12-8803160413-story.html REAGAN ENDORSES BUSH-TEPIDLY "George Bush, who seems to need a lot of help, got as little as possible Wednesday from President Reagan, who gave his vice president a tepid political endorsement." REAGAN AND BUSH: CALL IT A SNUB https://www.newsweek.com/reagan-and-bush-call-it-snub-196034"Ronald Reagan is not called the Great Communicator for nothing. In one brief sentence last week, the ex-president neatly summed up his view of George Bush: "He doesn't seem to stand for anything," .... but in case anyone doubted his true feelings Reagan then refused to be seen with the president in public. He skipped a Bush fund-raiser in Los Angeles and barred the press from his house when Bush came calling....There has never been much love lost between the Bushes and the Reagans."

There's an interesting thing that NEVER occurs to liberals when they mention XYZ state gets more than they pay in taxes. There is a simple reason. Super high income earners pay all the taxes. Large corporations, hedge funds, etc tend to be headquartered in a few blue states on the coasts. It kind of obliterates the point that the rich don't pay taxes.

Mary Kissel really is the worst. I don't think I have ever seen someone so smug and condescending without any consideration that she might be wrong. She is one person that I actively dislike. She is like Bret Stephens but even more smarmy.

I don't think he was ever that good. There is a reason he was voted Chief Justice. He was always kind of a "centrist". He was confirmed by the Senate overwhelmingly, unlike Alito who has been far better. I don't think anyone ever thought he would be a Clarence Thomas, Alito or Gorsuch type judge.