Quick! What’s 15-7?
Liberal? Then you don’t even understand what fairness means. Or math. Or gravity. Or reality. Or even eyeballs, apparently.
Pent up demand is finite. After a certain period of time that demand becomes satisfied. Any sudden increase in interest rates and that demand disappears.
America's downfall doesn't begin with the "low-information voter." It starts with the no-knowledge student.
President Obama often boils down the issues around his plan to raise income taxes by saying it's all about the "math," a subject he doesn't seem to know much about.
This sleazy system is designed in part to deceive the American people, and the current squabbling over the fiscal cliff is a good example. The President claims he has a “balanced approach” that involves budget cuts, but look at the second chart at this link and you will see that he’s really proposing bigger government.
At the four minute mark in an interview with Jay Leno, President Obama reveals his weakness: math.
In a speech delivered to the Federal Reserve Bank of New York, Jim Grant told the central bankers that interest rates should convey information. "But the only information conveyed in a manipulated yield curve is what the Fed wants."
This is the third year in a row that the goon squad in the White House has claimed that the economy is finally gaining traction, only to have the economy slow down “unexpectedly.” Look for “unexpectedly” to make a come back from last year’s overuse by the MSM.
Using the models that work so well for physicists, mathematicians on Wall Street got it spectacularly wrong in the mortgage and derivatives markets, just as mathematical economists can never predict the future with any accuracy. Motivated human behavior cannot be modeled.
Wall Street has become a numbers game played at high speed by powerful computers trading complex derivatives utilizing even more complex mathematical modeling.