The United States is the only nation that embraces Supply-Side economics seriously. Thus, the debate in this country is framed in terms of whether we can reduce the deficit by increasing the tax on “job creators”. Now, compare that framework with Spain, where they take Keynesian economics more seriously. Spain is a nation in a severe recession with extremely high unemployment and crushing national debt, having…
For the second year in a row, the United States will be the best-looking horse in the glue factory, which means the dollar will remain strong for awhile. For the fourth time in the last five years, the political tail will wag the economic body of the world, meaning politicians are more important than “job-creators.” But, the first half of the year will be very…
For those of you who share the same curiosity about the world of investing, who can chuckle at life’s many absurdities and still face the future with caution instead of fear, I thank you for reading my blog during 2011 and especially for sharing your thoughts with me. For each of you, I wish a happy, healthy, and prosperous New Year . . . in that order!