Relevant and even prescient commentary on news, politics and the economy.

Arms races and sales and Sunday reading…

From Reuters comes this piece on arms spending: Demand for big-ticket U.S. weapons is expected to stay strong for at least the next few years, the trade group said in a 2012 year-end review and forecast released in December.Fears resulting from China’s growing military spending (bolding mine…the US has about 4.8% spending to GDP ratio) […]