I did not mention that there are only about 100 million non-government, non-taxpayer paid workers in the U.S.A., which means that there are only 100 million workers who can make a profit with which to pay taxes, which means that $5 trillion in government spending is a staggering $50,000 for Every Freaking One (EFO) of those non-government, non-taxpayer paid positions! And you think THAT is going to work out for the best?
February 27th, 2009 | Mogambo Guru | 1 comment | ContinuedAll Posts Tagged With: "global economic"
A Self-Fulfilling Rally in Stocks
If Aussie interest rates are headed lower, you’d expect an end to the brief but respectable recent rally of the Aussie dollar. A weaker Aussie dollar wouldn’t be that unwelcome to exporters, especially if it meant that the decline in the nation’s economic fortunes could be reversed. But frankly, what happens to Australia’s economy at this point is beyond the control of the government and the Reserve Bank…
January 6th, 2009 | Dan Denning | 13 comments | Continued