PeakTrader.com

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In the free market, when demand exceeds supply, prices rise and there's excess profit. So, new supply is created, until excess profit disappears. That's a mechanism to keep supply and demand in equilibrium.

However, there remains too little money chasing too many assets and goods. Banks seem more willing to build-up capital and invest than lend. Eventually, that'll change. Unfortunately, the government is making it more expensive to produce, and it seems inevitable taxes need to rise. Consequently, the U.S. will be a weaker engine of global growth.

More Americans seem to believe making money is bad and losing money is benevolent. The new Administration has taken full advantage of the scare talk about another Great Depression or the Great Recession to make big government even bigger.

Government has been spending money faster than Americans can earn it. Now, it's a runaway train, and it'll be U.S. households who'll be railroaded. It won't be long before the typical middle class worker finds half of his payroll check withheld by the government, while consumption taxes continue to increase.