Vukephalos

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    • Sun Mar 16th 21:42 PM | Rating: 0 0
      Commented on:
      What's In Store for Bear on Monday?
      Aside from the sale how did the Bridge game go?
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    • Sun Mar 16th 08:24 AM | Rating: 0 0
      Commented on:
      The Bailout's Pathetic - Here's Who To Blame
      Okpulot Taha of the Choctaw Nation appears to have the best perspective on this mess. Divisions of paper-pushers and financial creationists have developed a new "derivatives based economy" that sadly, is more theoretical than real. As long as the $USD was accepted by suckers around the world that bucket of bolts remained afloat.

      As foreigners grasp the reality of the $USD base they either ask a lot more of them in exchange or dump them for something more tangible. "Fixing" the financial sector will do little more than prevent immediate collapse. The ultimate fix is a return to the realities of supply and demand and a return to honest GDP and productivity statistics. It may well be our future lies in making things people want rather than those things they can be conned into buying.
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    • Sun Mar 9th 13:29 PM | Rating: 0 0
      Commented on:
      Is Oil Overpriced at $105/Barrel?
      Manny has a charmingly naive take on market forces. Yes, they do ultimately work but not quite in the manner he perceives.

      Market forces are now driving the dollar down to that level at which the U.S. is in balance with the rest of the world. Rigged GDP and productivity figures will not save the economy from serious decline, rather it is innovation and production of things the rest of the world really does need that will arrest the decline. That, and a good dose of diplomact in lieu of bombs should do the job.
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