Alienation of Economics

The sloppiness that appears in time of a change in the market continues to astound me. Tonight on Kudlow and Company Senior Market Strategist at Delta Global Advisors, Michael Pento, argued our economy is weakening because more and more foreigners are staking a claim to federal debt. Twin deficits (the budget deficit and the so-called trade deficit) are the poison of the economy.

I agree that the high level of government spending is a bad sign, but what difference does it make who's lending Congress the money? The best way to counteract this sloppy spending is to grow the economy with trade and technology, not by retreating to isolation at the expense of American people. That would be a double hit to the economy.