Tuesday, February 10, 2015

Quote of the Day

February 10, 2015
Tracing the Connections between Economic Growth, Capital Markets, and Demography

“Brace yourself for slower economic growth,” Arnott warned. “If we demand 3% growth from our political elite, when normal GDP growth should be 1% or maybe 2%, they will create the illusion of growth with massive deficit spending and front-end load our future growth.”

An illusion of growth? Seriously? Crazy talk! Our political elite would never stand for such a thing! They would never pander to the short-term will of corporate America or the population in general. I think it is safe to say that I have the utmost respect for these fine upstanding individuals. I willingly place my future in their wise and benevolent hands.

Too much sarcasm? I'm apparently testing the limits again, lol. Sigh.


Troy said...

"The US government takes in $3 trillion in taxes, but it owes $108 trillion. ”Do the math. We will not be able to honor these debts. "


funny, that.

Stagflationary Mark said...


"There are so many mature workers scrambling to save for retirement that the purpose of bonds has changed. Bonds no longer act as diversifiers to stocks offering modest real returns, they have become an insurance policy if stocks crash."

What are the odds stocks ever crash agsin though? It's a brand new era of permanently high corporate profits! Or not. Time will tell.