Crowding Out Not Gonna Happen Soon

With unemployment hovering near 10% for nearly two years now, it should be obvious that the economy is no where near capacity.  Yet, many on Wall Street and in the talking-head TV shows continue to maintain that government borrowing is "crowding out" private investment (or going to soon).  Um, I don't think so.  Crowding out … Continue reading Crowding Out Not Gonna Happen Soon

News Flash: US Not Dependent on China

Facts are stubborn things.  For the crowd that believes government borrowing drives up interest rates and "crowds out" private investment, facts and reality are also very inconvenient.  Marshall Auerbach, guest blogging for Yves Smith at Naked Capitalism reports the latest facts: In a post titled “China Cuts US Treasury Holdings By Record Amount,” Mike Norman … Continue reading News Flash: US Not Dependent on China