Tuesday, April 26, 2016

Steve's barking; Hillary Clinton is like Donald Trump in drag!

Ahhh how can one say that? Hillary Clinton is not like Donald Trump,
Oh! They both exaggerate their accomplishments!
They both complain that they are being picked on!
One complains about immigrants  taking Jobs, the other claims that men 27 cents on the dollar then women, both are extreme exaggerations.
They both pander to their audience. 
They both tell scare stories about each other, yet one attended the others wedding.
One appears to be running for president to,increase his brand, the other's appears to be running for president and increases her husbands charity organization to,get more  doners.

Monday, April 18, 2016

Steve's Barking; Saudia Arabia threatens to sell it's US bonds and.....

It's in the news, Saudi Arabia is threatening to sell it's US bonds if the United States congress allows
victims of the 9/11 attacks to sue Saudis for that attack.
If the Saudis sell their $700,000,000 in bonds all at one time it would a disaster for them.
The price that they would get would be at a deep discount, hurting their welfare programs now that oil is selling at a very low price. If they sell at slow and steady, well that's what there suppose to do, supplementing their oil based revenue so they keep up their welfare.
Would the selling of The Saudi bonds hurt the U.S. bond market, don't bet on it. Because of the deep discount the bonds would be gobbled up.
The aftermath probably  will be slightly higher treasury notes with no real damaging effect.

Monday, April 11, 2016

Steve's barking; No the Euro Zone is not the United States

Now I do recall when the Euro Zone came into existence, it was called by some the next great trading block. It would even have it's own currency.  Some even called it the next United States, with it open borders, and the elimination of trade barriers.
Now problems have come up, that the United States had in it's birth. Freedom of states vs centralized economic control. Taxes from that are higher in one state compared to another. Some times co operation is hard for fear that of one state would have more pull then the other.
The barrier that the United States didn't have is that the US has a common language though one wouldn't know it by how each state interprets US laws.
The US centralized government does thing for the good of all the states, which from this side of the ocean doesn't appear to be happening in Europe.
We in the United States have besides having a state and local tax system, have a greater centralized tax system.
While most don't understand richer states subsides poorer states (example New Yorkers pay more taxes then  New York gets back from the Federal Government, Kentucky citizens pay less taxes then Kentucky gets back from the federal government).

The weird thing, Kentucky politicians complain about how New York spends it's money.