Probably does but the Chinese government does not allow the value of the Yuan to be determined by the market. As a day trader in the spot FOREX I have seen the dollar’s plummet first hand over the last 3 years and it does worry me. THe fact that the Fed stopped publishing the M3 numbers this year also greatly worries me as it signals to me the liklihood that the Fed is wantonly ‘printing’ dollars at the same time the world’s bankers are slowly divesting themselves of their dollar holdings. Those dollars are gonna come back to the US eventually and that spells trouble. Also, when the oil bourses of the world start selling oil in euros instead of dollars…big trouble. I’m a technical trader, meaning I basically read charts as opposed to studying the economic numbers, but color me very worried.

There is a political re-alignment happening in this country. To some extent it corresponds to the divide between fantasy and reality.

Historically neither party has had a monopoly on realism in its policies, far from it. However, recently the Republican party has become the party of fantasy, from tax cuts to unlimited defecit spending to peace and happiness through wars of aggression.

I suppose it is natural that a site that tries to stay anchored in reality would appear Democratic to some people. For my part, I just think the old labels are growing increasingly irrelevant.

I guess that also explains why the Euro is worth $1.32, when not so long ago it was worth less than a buck.

I guess the number of Yuan in circulation also dwarfs the Euro and Dollar together. Or not.

Retired, his post was interesting to me not because of any party platform or ideology but because it expresses concern about the U.S. economy, which I have certainly heard a lot of prominent conservatives complain about mightily — including one of my favorites, Andrew Sullivan. I doubt Andrew or I would vote for many of the same candidates, but his IDEAS and OPINIONS are valuable. And one of his opinions is that conservative principles have been abandoned by the current Republican politicians.

I never voted for Bill Clinton. I’ve probably voted for more Republicans than Democrats in my life. But, to keep this post short, i’ll just say that I cannot believe that people actually voted for George W. Bush, given his utter lack of qualifications, evident to even me as early as 1998, when millions were being poured into his campaign chest, making him the sure “puppet” candidate. I wasn’t crazy about Gore, but voted for him. Even so, I never imagined in my WILDEST DREAMS that this nation would be dragged into such a horrendous mess like Iraq, and handle Katrina so ineptly, cruelly, and selfishly (benefiting Bush’s corporate patrons).

If you have ideas for posts, send me an e-mail. I’m quite open to suggestions. But, whatever you may think of Bonddad’s opinions, it’s a big mistake, imho, to write him off as a Democratic consultant without considering his arguments.

Bush doesn’t care, the 20s revisited.

Gatsby parties on at Crawford like it West Egg…

If the deficit is under control, why has the US Treasury issued over $550 billion in net new debt each year for the last 4 years? Go to the Bureau of Public debt to verify the figures if you like. But, the answer is simple: the deficit isn’t under control in any meaningful way.

In addition, I never compared the US debt/GDP situation to any other G8 country in the article.

You missed a key point which I mentioned in the article.

the Bureau of Public Debt reports that total outstanding debt on September 30 2001 was $5,807,463,412,200.06 and currently stands at $8,593,076,179,156.67 — an increase of 48% in six years.

The unified budget — which you refer to — takes the Social Security “surplus” into account. The problem is this money is spent and replaced with government debt. Hence, the US government has issued over $550 billion of net new debt per year for the last four years.

Running Quarters:

fourth quarter and we have not yet seen tangible evidence of a market recovery,” That doesn’t sound good at all.

US dollar can close itself to other currencies and recover fine, by the ways……..

When the run on the dollar starts, it will play out with frightening speed, because the last person still holding dollars will be the big loser.

That would be you and me, by the way.