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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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From: chartliner	2/9/2013 1:39:44 AM
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USA has fallen to 107 on this list of 135 nations for 5 years GDP on a per capita growth basis armstrongeconomics.com "The U.S. economy shrank from October through December (2012) for the first time since the recession ended.We are looking at the net effect of Obama’s Voodo-Economics. Yes, the US economy was hit by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The decline occurred despite faster growth in consumer spending and business investment. Government still has not figured out that in the real world, people respond in anticipation.All our indicators have been pointing to STAGFLATION... " This shows the USA has lost its place as the leading economy in the world and there is unlikely to be a 'world wide economic boom of untold proportions'. If the Dow goes up dramatically it will be because Europe and Japan are in trouble and capital seeks relative safety, not because the USA is such a strong economy but because it will be seen as the best looking of the 3 ugly sisters and it too will fall after Europe and Japan fall as the debts become unsustainable and implode. "Here is President Obama’s own official budget. This 2013 budget assumes NO rise in interest rates and interest expenditures jump from $230 billion currently to almost $1 trillion annually by 2022. If interest rates rise 1% we will see interest expenditures approach $1.5 trillion annually and 40% of that goes offshore. You better tear down the wall between the US & Mexico because we are going to need EVERY Mexican to come here to work off the books to make up for all the government jobs producing nothing – which is why they are call “public servants”. "Now look at this portion of the budget. The receipts (taxes) are at $2.3 trillion and spending is at $3.6 trillion for 2013. Look at 2022. The deficit is cut in half, but the taxes are 100% of that reduction rising to $5.1 trillion when spending rises to only $5.8 trillion. Krugman must be of the mindset that taxation has no impact on the economy because it is not a “cost” of living, but an “obligation” that somehow does not count. I just fail to see his logic if there is any. All I can do is say get a real job to observe how people truly react outside of school if you want to understand real economics. Even Paul Volcker admitted this “New Economics” thinking failed a long time ago." armstrongeconomics.com What is the positive spin on all this Da_Cheif? Is Mr. Armstrong's point of view wrong? I am not trying to provoke you, I would like to see your counter point.

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