Tao Economics

Where do I arrive at this number? Well the DR put together the two deficits for 2010 & 2011 for us. These are from the government's own numbers mind you:

Since there are plenty more folks that are more clever then me and usually write the message a bit sooner I'll first point you to Bill Bonner of the Daily Reckoning:

Maybe I'm just being cynical here after reading this from today's 5 min forecast:

The Dredd Market report has a great update on what's going on with the currencies and consequently the stock market over the last few days. Specifically the PIIGS nations and their effect on the Euro.

"Last summer I saw another step down in the economy here , since then things have actually gotten much worse . To tell you the truth I have never seen people this tight with their money . I can't explain why but around July or August of last year a huge chunk of spending just plain disappeared . And those who are spending , want every thing for nothing . It's like no matter what the price is , they still want it lower .

This is a great speach. I hope this reaches far and wide. We need more folks like him, or crime will continue to be rewarded.

http://bunning.senate.gov/public/index.cfm?FuseAction=NewsCenter.NewsRel...

I guess that's what the Smuckers brothers must have been thinking when they bought Folgers Coffee from P&G last year. And it looks like it paid off nicely. Marketwatch has a fun read on the company.

http://www.marketwatch.com/story/tim-and-richard-smucker-preserve-an-ame...

It seems almost with each passing day there is a new "Gold Beaks Record" headline. Even if gold corrects this trend will continue and has a long ways to go. If reporters bothered to look at the inflation adjusted price of gold they would see that no records have been broken. Not yet anyway. They do make for some great headlines though. Inflation adjusted prices range from $2,000 to $5,000 and ounce.

Here's Karl today: http://market-ticker.denninger.net/archives/1669-A-Sober-Reminder-On-Bla...

Max gets into Goldmans profits, front running market manipulation software, and all sorts of wackiness that will make your head esplode. Its time to go old fashion and get our stocks in certificate format and use real money (silver & gold)