jai hanuman

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5 Comments

    • Tue Jun 10th 21:12 PM | Rating: 0 0
      Commented on:
      'Demand Destruction' and Gasoline Prices
      failure of leadership. leadership (Clinton et al) became pro-cyclical and self congratulatory, taking credit for things that just happened (eg the boom after the Soviet collapse).

      Leadership failed to tax oil revenue and use the proceeds to create alternative(solar/wind... technologies.
      View article »
    • Tue Jun 10th 21:12 PM | Rating: 0 0
      Commented on:
      'Demand Destruction' and Gasoline Prices
      failure of leadership. leadership (Clinton et al) became pro-cyclical and self congratulatory, taking credit for things that just happened (eg the boom after the Soviet collapse).

      Leadership failed to tax oil revenue and use the proceeds to create alternative(solar/wind... technologies.
      View article »
    • Fri May 23rd 12:31 PM | Rating: 0 0
      Commented on:
      America's Energy Policy: Coming to Terms with Reality
      1. too much demand.

      2. too much loose money.

      3. growth is far more important politically than inflation. corollary - shortage of natural resources, first leading to dramatic price rises, then political disturbances, then wars over resources.

      1 and 2 are related, btw.
      View article »
    • Fri May 23rd 12:28 PM | Rating: 0 0
      Commented on:
      America's Energy Policy: Coming to Terms with Reality
      there are two main reasons for the oil/commodity explosion:

      1. too much demand. resources are finite (yes, sorry to tell you that). now get used to it. stop wasting them and use them wisely. that means smaller cars and public transport, too.

      2. too much one way leverage in the futures markets. the commodity markets have finally figured out that growth trumps inflation in the Fed's dual mandate. Since the Fed will pump growth under any circumstance, inflation is bound to rise. The easiest way to profit from that is hard assets. Hence the one way tickets in the futures markets.
      Another way of looking at this is that the Fed will not take away the punch bowl. That job will now be done by the commodity traders.

      3. Too much money around with not enough productive investment to chase (a quaint idea anyway in Greenspan/Bernanke Fed whose main mandate has moved on to supporting investment bank bonuses).
      View article »
    • Mon Dec 24th 17:54 PM | Rating: 0 0
      Commented on:
      Fisking Ben Stein on Goldman's 'Wrongdoing'
      The investment banks claim there is a "chinese glass wall" that prevents conflicts of interests.

      On the other hand, the WSJ article praising Goldman's trading prowess clearly mentioned that the short positions in subprime were at the beckoning of the CFO, Viniar.

      Surely, Viniar sees both sides of the wall and his decisions were crucial.

      There IS a conflict of interest always at higher management in these companies. And it can only be eliminated by telling the banks either to have, or eat the cake.

      It is about time this "chinese wall" fraud was stopped by the government.
      View article »
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