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Texast

Texast
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  • 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 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 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 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 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 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 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 07:03 PM | 6 Likes Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    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 11:15 AM | 1 Like Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    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 11:27 PM | 2 Likes Like |Link to Comment
  • 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 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 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 06:49 PM | 2 Likes Like |Link to Comment
  • Economic Growth Without Housing? [View article]
    Just like the great depression when livestock was slaughtered and buried while people ate one meal a day on breadlines.

    It's a terrible system, but it's the best that's been invented so far.
    Mar 9 09:49 PM | Likes Like |Link to Comment
  • The Risks of Social Instability: China Gets It; When Will America? [View article]
    Those types of mass riots are a long way off from happening here in America.

    Point 1: America had primarily two income households before the crisis started. After the crisis, most families that experienced job loss, lost only one of those incomes. Compared to emerging economies where the Male is still the only breadwinner.

    Point 2: Americans spent only a small portion of their money on necessities before the crisis started. Now, after the crisis, they still have plenty of money for necessitates and can withstand modest inflation, it's just the extra stuff that's gone like the big house and expensive car. Compared to emerging economies where households already spend %40 percent or more of their income on staples.

    Point 3: We have an outlet for expressing anger every two years at the polls.

    Yes it can happen here and maybe in certain locations in the mid west that are particularly hard hit it may occur, but nothing national in the near future.
    Mar 2 12:26 PM | 4 Likes Like |Link to Comment
  • New-Home Supply at Record Low as Huge Demand Sets to Hit Market [View article]
    I'm also seeing a bunch of new construction starting up in half finished subdivisions that have been stagnant for 3 years. Mostly upper-middle end housing from the 250-450 range. This is in the subburbs in good school districts around atlanta ga. I haven't checked to see if any are selling, maybe I will do that this weekend.
    Feb 16 10:33 AM | Likes Like |Link to Comment
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30 Comments
48 Likes