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  • Season's Greetings 2015  [View instapost]
    Thanks for the reading material as always. I'm just hungry.
    Dec 25, 2015. 10:52 PM | Likes Like |Link to Comment
  • Could The Fed Have Prevented The Financial Crisis?  [View article]
    The mathematicians were wrong. They should have hired physicist to create the AAA products. Physicist knowing The Heisenberg's uncertainty principle would have seen that by selling the product, they would alter the models used to create the product. At first to the upside, then to the downside. Those products by design were never able to be properly valued. The product was doomed.
    Dec 16, 2015. 10:44 PM | Likes Like |Link to Comment
  • If The Fed Wants Higher Inflation It Should Raise Rates  [View article]
    Great writing style for a complex topic, please do more articles
    Nov 22, 2015. 11:07 PM | 1 Like Like |Link to Comment
  • Narrowly Escaping Disaster  [View article]
    The only constraint I believe is energy. If we were to print now the price of oil would go through the roof, destroying any benefits. Nukes would take too long to bring online. We would have to do a massive and quick conversion to natural gas transportation for printing to work.
    Nov 18, 2011. 11:09 PM | Likes Like |Link to Comment
  • Prepare For Europe Collapse Before New Year  [View article]
    I don't think it matters that printing euro's won't fix the long term problem. It will kick the can down the road. If you've noticed every decision made so far has been in an attempt to delay making decisions. You might be right, printing might be Germany's line in the sand. However, probability says this time will not be different.
    Nov 15, 2011. 09:06 AM | Likes Like |Link to Comment
  • Prepare For Europe Collapse Before New Year  [View article]
    You have to put the costs in historical perspective, the Europeans have sacrificed over 40 million lives over the last hundred years to accomplish this goal. Now the only thing they're losing is paper and digits on a computer. Small price to pay.
    Nov 13, 2011. 09:23 AM | Likes Like |Link to Comment
  • Prepare For Europe Collapse Before New Year  [View article]
    Your exactly right, never let a good crisis go to waste. Germany and France will play good cop bad cop until a fiscal union is created. Once the smaller states taxation is under the command of Germany and France the treachery will be complete and the ECB will print.
    Nov 12, 2011. 08:43 PM | 2 Likes Like |Link to Comment
  • Sources say the ECB is considering purchases of Italian and Spanish sovereign paper on a massive scale. Such a move would be a significant change in policy, turning the ECB into a Fed-like lender of last resort, and taking lead responsibility for fighting the crisis away from the EU governments.   [View news story]
    "I cannot been to grasp why Germany would risk euro billions and its own credit rating to save the eurozone"

    This is about more than economics, this is about preventing another bloodbath like world war 2. The German leadership will pay any cost to unify the continent under it's leadership. If you think about it, the cost is only in printed paper, far cheaper than the last attempt that cost 5 million soldiers.
    Aug 7, 2011. 05:03 PM | 2 Likes Like |Link to Comment
  • Why the Market Was Terrified Yesterday  [View article]
    Obama's poll numbers correlate more to gas prices than the debt issue. Most people still don't really care.
    Jul 28, 2011. 10:31 PM | Likes Like |Link to Comment
  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”   [View news story]
    The market is not reacting because it has nowhere to go. The normal safehaven, bonds, is not an option, because bonds will be killed if interest rates go up. Cash sucks because the dollar will sink also. What do you do but stand pat and hope for the best if your a big fund manager.
    Jul 26, 2011. 07:03 PM | 6 Likes Like |Link to Comment
  • Farmers worry about effect of $30B in cuts 
    1. If you have a shortage in september , it could take until deep into the next years planting season to rectify, unlike a factory which can be brought online in weeks.

    2. As Duster pointed out, the volatility in food price would be devastating to the average American.

    I agree that the subsidies should be reviewed, however, any error should be on the side of caution. Read a little about the great depression where farmers had to kill and bury livestock to avoid bankruptcy while people in urban areas where standing on breadlines for their one daily meal. That's obscene.
    Jul 17, 2011. 11:15 AM | 1 Like Like
  • Farmers worry about effect of $30B in cuts 
    1. Because a supply disruption in foodstuff can take 8 to 10 months to rectify while a factory can be restarted in weeks.

    2. Because a shortage of a staple food product causes people to die, a shortage of automobiles causes a short term price rise.

    enough differences for ya.
    Jul 16, 2011. 11:27 PM | 2 Likes Like
  • America Cannot Go the Way of Greece  [View article]
    So because the U.S is a self contained nation as far as food and technology, we can pretty much shrug off a declining dollar for a while. Our biggest threat is the 50% of imported energy. We run a protection racket with Saudi Arabia to reduce our risk, but we can't control the volatility. This has been and will be the throttle on our recovery.

    If we had listened to Boone Pickens a couple of years ago and moved our trucking fleet to nat gas, that one threat would have been significantly reduced. We would be able to increase the money supply with impunity and get out of this mess.
    Jul 8, 2011. 07:42 PM | 1 Like Like |Link to Comment
  • The Balance Sheet Recession Continues  [View article]
    Interest On excess Reserves on deposit at the fed by the banks
    Jun 11, 2011. 01:57 PM | 1 Like Like |Link to Comment
  • Book Review: 'Money and Power: How Goldman Sachs Came to Rule the World'  [View article]
    Over the last 5 years their stock has gone down almost %10. That money sure isn't making it to the shareholders.
    May 21, 2011. 06:49 PM | 2 Likes Like |Link to Comment