The Bernanke Agenda - It Isn't What You Think It Is [View article]
JS:
The key to my reply was "as you describe". There's a big difference between catching the bloated mortgage bond market (which, you're right, Paulson and a few others nailed), and predicting the laundry list of details of the recession.
But I'm nit-picking. I enjoy your writing and appreciate you participating in the comments. I just have trouble coming to terms with the "hell in the hand-basket" stuff.
The Bernanke Agenda - It Isn't What You Think It Is [View article]
>"Problem is the author would have been right and you would have been wrong"
Except, as far as I know, nobody predicted the 2008 recession as you describe.
Instead, we got tons of predictions about $5,000 gold, dollar collapsing to zero, hyperinflation, world wars, and other things which all turned out to be horribly wrong.
My point is, the prognosticators are far more likely to be wrong than right when making huge claims. I'll go out on a limb and say this article ends up in that pile.
This Is Why Netflix Will Go Bankrupt [View article]
As a Canadian with a recent Netflix subscription:
The service sucks. 75% of the movies are B flicks I've never heard of, and I have to browse through, on average, 10 movies before I find one that allows me to "Watch Instantly". The rest say, "Not available". Then why are they in the catalogue?
Maybe the value will be in their original content. But that's a tough racket.
People enjoy Netflix because there are enough kids shows on it to babysit the children endlessly. My subscription lasted two months.
"What could possibly account for the difference? Has the Big Mac gotten bigger, better, tastier, or healthier? "
Could it be, possibly, that McDonald's has *chosen* to raise the prices of menu items like the Big Mac at a rate faster than inflation? By that chart it looks like this trend began in 2001. That was 12 years ago.
A steady slide has brought gold (GLD) down $40 from this morning's highs and to about flat for the session at $1,362/oz. "There are two types of crashes - those when fundamentals change, and corrections in an ongoing bull market," says Guggenheim CIO Scott Minerd. "Gold's in the latter." [View news story]
>If by "stable" you mean a slow bleed down the tubes
Yes, that is what stable means. Slow, predictable inflation.
Is Car Charging Group The Bubba Gump Shrimp Of EV Charging? [View article]
>Does any fool, thinking he's "saving the planet" with electric cars realize that 46% of electrical power is generated by coal?
I think there are efficiency gains in there, mainly because electricity production is, I believe, more efficient than the ICE.
My problem with the electric car is that it's utterly useless to a huge portion of the population. Sure, it may be great as a weekender in California, but how about in sections of Canada, where "commuting" hundreds of kilometres is common place? After reading the NYT article (a hit piece, sure), and the failings of having to drive it for extended periods, in the cold, my opinion changed. 30+ minute "fast" charge times?
Cool technology, but at this point it's a novelty, having no significant effect on the planet's wellbeing.
Dow Doomsday: Why It Might Happen Soon [View article]
>The chart above says it all.
What does it say? That the proportion of the population employed is sort of low, like it has been at other points in the past? Well, when it was there before the world didn't implode, so I guess I don't understand the message.
Why Inflation Never Came [View article]
Who told you that, and why on earth would you believe it?
The Bernanke Agenda - It Isn't What You Think It Is [View article]
The key to my reply was "as you describe". There's a big difference between catching the bloated mortgage bond market (which, you're right, Paulson and a few others nailed), and predicting the laundry list of details of the recession.
But I'm nit-picking. I enjoy your writing and appreciate you participating in the comments. I just have trouble coming to terms with the "hell in the hand-basket" stuff.
The Bernanke Agenda - It Isn't What You Think It Is [View article]
Except, as far as I know, nobody predicted the 2008 recession as you describe.
Instead, we got tons of predictions about $5,000 gold, dollar collapsing to zero, hyperinflation, world wars, and other things which all turned out to be horribly wrong.
My point is, the prognosticators are far more likely to be wrong than right when making huge claims. I'll go out on a limb and say this article ends up in that pile.
This Is Why Netflix Will Go Bankrupt [View article]
The service sucks. 75% of the movies are B flicks I've never heard of, and I have to browse through, on average, 10 movies before I find one that allows me to "Watch Instantly". The rest say, "Not available". Then why are they in the catalogue?
Maybe the value will be in their original content. But that's a tough racket.
People enjoy Netflix because there are enough kids shows on it to babysit the children endlessly. My subscription lasted two months.
Why A Stock Market Bubble Is Forming Right Now [View article]
Thanks.
Why A Stock Market Bubble Is Forming Right Now [View article]
I don't understand this: they are "pumping $85B" precisely because there is no bubble. If there were, would they not be tightening?
Why A Stock Market Bubble Is Forming Right Now [View article]
Beanie Babies.
The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
If one glass of wine a day is good for you, why not drink 10, 20 even 30 glasses a day?
Changing The Conversation [View article]
Could it be, possibly, that McDonald's has *chosen* to raise the prices of menu items like the Big Mac at a rate faster than inflation? By that chart it looks like this trend began in 2001. That was 12 years ago.
A steady slide has brought gold (GLD) down $40 from this morning's highs and to about flat for the session at $1,362/oz. "There are two types of crashes - those when fundamentals change, and corrections in an ongoing bull market," says Guggenheim CIO Scott Minerd. "Gold's in the latter." [View news story]
Yes, that is what stable means. Slow, predictable inflation.
This Gold Slam Is A Massive Wealth Transfer From Our Pockets To The Banks [View article]
Doesn't fit your narrative, so it's dismissed? Google it. You'll see figures from 700-1000.
I guess it's easier to believe in some convoluted trading-manipulation conspiracy.
Why I'm Not Concerned About America's Mountain Of Debt [View article]
It's still in progress. Did you think everything would just be "fixed"?
Is Car Charging Group The Bubba Gump Shrimp Of EV Charging? [View article]
I think there are efficiency gains in there, mainly because electricity production is, I believe, more efficient than the ICE.
My problem with the electric car is that it's utterly useless to a huge portion of the population. Sure, it may be great as a weekender in California, but how about in sections of Canada, where "commuting" hundreds of kilometres is common place? After reading the NYT article (a hit piece, sure), and the failings of having to drive it for extended periods, in the cold, my opinion changed. 30+ minute "fast" charge times?
Cool technology, but at this point it's a novelty, having no significant effect on the planet's wellbeing.
Dow Doomsday: Why It Might Happen Soon [View article]
What does it say? That the proportion of the population employed is sort of low, like it has been at other points in the past? Well, when it was there before the world didn't implode, so I guess I don't understand the message.
5 Terrifying Charts Driving Me To Gold [View article]
Good thing you said NEARLY zero, or you might have looked bad...