beenburnedtwice

Asset Reflation Does Not Signal Recovery for U.S.'s Collapsed Economy

This is O's classical trickle up economics.


On Oct 06 11:02 PM The Recusant wrote:

> Additionally, you wrote, "A rising stock market is a "real" economic
> event. It creates new wealth and credit on a massive scale." OK,
> then the real question is...who's getting the "new wealth" when 16
> to 18% of consumers are out of jobs and losing their homes? 10 to
> 1 that the banks' hedge funds and derivatives are soaking up the
> huge majority of the new wealth to add to their bonuses.

Unemployment: The Gathering Storm

A little less work and a little more leisure is not necessarily a bad thing. I see more and more signs of Hybrid Work everywhere. It depends on what type of society we want to create. Personally, I am comfortable working hard and sacrificing for the next generation as long as I am able. But the idealism of today's youth don't seem to match their ambition overall.
There will be no radical changes in the future for America, just a slow decay into international mediocrity.

LIVING IN BEVERLY HILLS

Thank you for your hard work on this article leading to some worthwhile recommendations which all should follow. But the vast majority of Americans won't follow them. The only thing that will get us to change that much is a rapid crushing devaluation of the dollar led by foreigners unloading our debt. If it hasn't happened by now, it doesn't look like its gonna. Look for long, slow, unstoppable decay and rot.

Global Bull Market Reflections

Excellent generalizations of which I all agree. Obama can still recover if he backs off and lets the markets rescue him in their natural course.

Current Economic Indicators Show Obstacles to Recovery Remain

And large tax and fee increases by all government entities.

Natural Gas: Another Great Thing from a Lobby Near You

As a result of the last oil supply shock it was fashionable for fleets to convert many vehicles to nat gas. (Especially for gas utilities). I remember purchasing a couple of their used pickup trucks at auction, after the fashion faded away. This was many years ago now, but I do remember that I never had any significant problems with the trucks, the engine modifications seemed minor and I could do my own maintenance on the engines. The only problem were the large heavy tanks located in the bed that took up payload and space. But the economics of running natty versus petrol were similar. If legislation could be cleared I see this as an excellent alternative to our current situation.

Quantum Shift in Economic Baseline: A 'Black Hole' Recovery

Great article Steve. I would like to know exactly how the WLI from the ECRI is made up. The basis of the data comes from somewhere and seems to be the only green shoot out there defying explanation for me.

Kool-Aid and GDP -The Delusion of Economic Activity

So is the ECRI WLI the blue cuff and the rest of the data the white collar?

Today's Closing Update

Pretty funny stuff and as close to reality as Krugman or Roubini...


On Jun 22 10:18 PM Snitzer wrote:

> The Fed is corrupt; or inept, or possibly just struggling to figure
> this whole thing out: all the same.
> The children won't care about the debt; they'll just pass it off
> to their kids, like their parents.
> I'm working on becoming one of the "financial elite", but there's
> a long way to go.
> Gas @ 7 USD, oil @ 200 USD? My oil stocks should do well.
> Cesspool of globalism/cultural perversion? Sounds like it could be
> fun.
> Things are never as bad as most people say, and never as good as
> some people say.

PUBLIC SCHOOLS - THE FUTURE OF PUBLIC HEALTHCARE

Mr. Quinn,

You bring up good points that really haven't been in the headlines lately, and need to be discussed and debated. Education policy could be the most important issue facing this nation, not health care, not national energy, not financial reform, not the disastrous Federal Reserve, etc.

But with state budgets set to implode in the next budget cycle, schools will suffer terribly. It's too bad too, the young graduating from high schools should be leading the country out the The Great Depression.

Distilling the Economic Data: No Recovery News

There is a stark paradox revealing itself in these numbers, and other recent transportation analysis--why is the Port of Los Angeles container traffic holding up, while all apparent trucking data, and my own personal direct observations indicating that rail and truck traffic has fallen off a cliff?

Are inventories climbing that rapidly? Are empty containers being offloaded? Is there a new magical good distribution network I'm not aware of?

Tuesday Outlook: Commodities, Global Markets

in 12 months I'll bet that my gas bill is not 1/4 of what it is today.


On Jun 09 08:58 AM john s. gordon wrote:

> unfaire -
>
> your gas bill is constructed using futures purchased 12 months ago,
> remember that your gas company (being a regulated monopoly unlike
> exxon etc.) is in the cost+fixed fee (seekingalpha.com/symbo...)
> business.

U.S. Inflation Pressures Continue to Rise - ECRI

Is the up-tick real, or an illusion?

You showed all other nations as flat or deflationary.

U.S. Jobs Propaganda Gets More Desperate

And this just in from the Washington State Department of Employment, "job openings in April were down 56 percent from the same period a year ago. More than 40 per cent of the openings paid less than $10/hr." Now that's change we can believe in.

And Wal-Mart just announced that they need to hire another 15,000.

So if you're unemployed now, you have a lot to look forward to.

California: Trailblazing the Road to Insolvency for the Rest of Us?

You didn't mention bureaucracy, in which civilized California excels!

On May 12 10:34 PM Alan Young wrote:

> Well, somehow the rest of the civilized world manages to pay for
> health care, education, and social safety nets without going bankrupt.
>