stock_creeper's  Instablog

There is absolutely no debt or Euro crisis. It's an imaginary crisis disseminated by liberal blogs and the liberal media in an effort to increase pageviews and ratings via sensationalism, and to subliminally promote a wealth-spreading, anti-capitalistic economic agenda. 

It's true that Greece and America have very high levels of debt per capita, but the crucial difference is that America is an economic powerhouse with access to a printing press whereas Greece is an economic weakling at the mercy of the ECB to bail it out. Institutions, investors, and foreign governments are so confident (and rightfully so) about sustainability of the US economy that they literary plowing billions of dollars to accumulate this near zero yielding debt. Secondly, they have little choice because no other market or asset class can match the liquidity of the US bond market without creating significant price disturbances. More demand for treasuries = lower yields = no debt crisis. The US has $15 trillion in debt but pays only $450 billion in interest. Of course, $450 billion is still a lot of money, which is why it's imperative that when the US does take on debt it does so to fund pro-growth things that will help the economy. Such things include tax cuts for high income earners and defense spending. 

The Euro crisis is also illusory simply because the Euro/USD ratio is still high and because Germany, the largest member of the EU, has very low yielding bonds. Believe it not, the Euro is about 8% higher against the dollar than in early July 2010, long before all this Greece/Spain crap began. It's axiomatic that when your currency is either rising or stable it's indicative of confidence, not crisis. 

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The ADP report is due tomorrow. It's funny how the libs will occasionally refer to the BLS when refuting one of my arguments yet question it's credibility when the data isn't as bad as they hoped. It's a conspiracy when the data is good, and 'truth' when it's bad, even when the data comes from the same source. 

 

In an era of productivity and globalism, higher unemployment and more foreclosures is good for the economy because it gives the fed a good excuse to never raise rates again. Thus, any selling on a bad ADP number presents a low risk opportunity to buy stocks with impunity.  Wall St. and Silicon Valley isn't losing sleep over job loss or debt, and neither should you.
 

Google stock is always goes up. Groupon is surging back to $30 due to its huge growth and massive consumer spending, a slap in the face to the lib bloggers who keep whining about bubbles and consumers being maxed out. Web 2.0 valuations are still unstopapble. Facebook will be worth $130 billion by next year and Groupon and LinkedIn stock will double.

No recession in web 2.0, silicon valley . No consumer spending slowdown. NO double dip, no crisis.