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Super Bowl Spirit and a "Football" side note on David Einhorn

Submitted by ChrisMartenson.com contributing editor Gregor Macdonald

The Price of Growth

Growth. It's what every economist and politician wants. If we get 'back to growth', servicing debts both private and sovereign become much easier. And life will return to normal (for a few more years).

There is growing evidence that a major US policy shift is underway to boost growth. Growth that will create millions of new jobs and raise real GDP.

While that's welcome news to just about everyone, the story is much less appealing when one understands the cost at which such growth comes. Are we better off if a near-term recovery comes at the expense of our future security? The prudent among us would disagree.

Resurrecting American Export Strength

It’s easy to be skeptical that America could once again be a titan of global exports.

For a very long time, that role has mostly been relegated to countries in the developing world. America as an export economy? Somewhere along the 50-year transition from industrial manufacturer to voracious consumer, Americans have lost touch with such a remote possibility. Indeed, this phase of America's economic history is now quite settled.

Wolf Richter   www.testosteronepit.com