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Michael Clark

Michael Clark
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  • Taking the Bond Bet [View article]
    Three parts to the deflation adjustment we need to be making:

    1) raise taxes on the rich and corporations;
    2) cut government spending. This means also on the military. Social programs? During the night-cycle, when business cannot GROW, we need to the government to carry the heavy load of human support in our society. We don't need to be the policeman of the world fore ever however. When we can afford it (Day Cycle of expansion, 1983-2001; 2019-2037) it is permissible. But not now.
    3) raise interest rates slowly, which should have begun in 2001. Squeeze out the bad loans. Get through the defaults and bankruptcies.

    This WILL NOT be easy. It is necessary, not easy.

    Around 2019, begin lowering taxes on the rich and corporations and begin easing off on interest rates. Cut funding of some social programs and increase military spending. Pensions are NOT the problem. Refusing to be disciplined in funding them is the problem.

    Understand that we will get rich again (2019-2037) but that we will get poor again after that (2037-2055), so we will need to 'rationalize' our approach to Nature's cycles. Lower rates and taxes 2019-2037; raise rates and taxes 2037-2055.

    We ARE a society of 'individuals'; but we are also a SOCIETY. If we take care of one another when the darkness comes, we will live to be selfish and greedy again when the light returns. If we don't, we will disintegrate into civil war and regional selfishness.
    Jul 12, 2010. 01:30 AM | 2 Likes Like |Link to Comment
  • The Failure of Capitalists to Act Like Capitalists [View article]
    You make it sound like the capitalists are the protectors and the saviors of the society, the protecting angels, who take care of the weak, without a thought for themselves. That's an interesting view, very heavy on the rose-colored glasses however.

    Capitalists pay their workers (for the most part this is true) as little as they can get away with. Workers make a subsistence wage and benefits that have been largely decreed by regulations -- or by the competitive market -- so they can make millions or billions... They pay millions to make billions. I have no problem with this, except with your insistence that the capitalists are saving the society. The capitalists save themselves -- and they hire people to actually do the work for them. There are examples of enlightened capitalists. There are MORE examples of unenlightened capitalists who oppose social legislation seeking to achieve a wage requirement ABOVE BUT NOT MUCH ABOVE destitution. Capitalism invented slavery, it invented the 7-day work week, it invented indentured-servitude and debt prisons, child-labor, resisted work-place safety laws...the history of capitalism is the history of the rich torturing the poor with early death and disease for a subsistence wage while the capitalists, themselves, live like kings. Industrial feudalism.

    Don't make it sound like the Kings of Industry and Technology gave a damn for the workers who made and make them rich. Except in rare instances, workers were and are interchangeable parts. One dies or gets sick, you throw them away and get another.

    That's capitalism. Good and bad. But don't make it more heroic than it deserves to be. It's not heroic to make 10 billion and pay minimum wage. It's the opposite of heroic, in fact.
    Jul 12, 2010. 01:10 AM | Likes Like |Link to Comment
  • The Failure of Capitalists to Act Like Capitalists [View article]
    I agree, Pigdog. Is the society our common source of life or is it something to be ruthlessly exploited? Is the world, nature, our common source of life, or something to be ruthlessly exploited?

    In the fragmented world it is every man against himself, every dog eating every other dog. This is madness, of course. But it is the world-view we seem to cling to.

    Watch the movie "There Will Be Blood" for a nearly perfect portrayal of the capitaistic individual's destiny in the dog-eat-dog theology.

    We need a balance between Social Good and Individual Destiny. America tends to be an imbalance; the American Dream, as it now stands, seems to embrace only the dog-eat-dog side of the equation.

    We need to be also concerned with, as our progenitors were -- the Puritans, et al -- with founding the 'New Jerusalem', the 'City on the Hill'....which implies a new, genuine social good. America, today, is not Christian -- it's much more Old Testament than New Testament. We need a better balance between Power, Will, Self-Love and Self-Interest (Old Testament, the Father) and Love, Modesty and Charity (New Testament, the Son).
    Jul 12, 2010. 12:30 AM | Likes Like |Link to Comment
  • The Failure of Capitalists to Act Like Capitalists [View article]
    Like Enron, you mean? Or Mister Madoff? (Madoff is a scapegoat, for he symbolizes the whole era, the whole Ponzi Scheme of Corporate Greed. Throw a few guys in prison and let the rest alone, I guess.)

    Good and bad are woven together, aren't they? There are decent corporations, I'm sure. But they're not all decent.

    You're wearing rose-colored glasses, Briar. Most corporations by nature have two goals: to pay as little as possible to their workers and to charge as much as possible for their products. And most will cheat at both ends to achieve these two ends. Not much to separate modern corporations and the mafia. That is why we need to rigorously regulated corporations -- because they very easily become criminal enterprises.

    The honest corporations don't need regulation -- but regulations won't destroy them if they are being run well.
    Jul 12, 2010. 12:13 AM | Likes Like |Link to Comment
  • The Failure of Capitalists to Act Like Capitalists [View article]
    Thank you, Jaybird. You said it more clearly and succinctly that I did.
    Jul 12, 2010. 12:10 AM | Likes Like |Link to Comment
  • The Failure of Capitalists to Act Like Capitalists [View article]
    You prefer Science and a Bach Cantata?

    Actually, I like science and a Bach Cantata also. But there would be no Bach cantata without the Bible (which I DON'T TAKE LITERALLY, by the way -- it's a symbolic language, not a literal language, so the 'Fundamentalists' have a major problem with trying to take symbolism literally). Bach's music is heavily 'religious' in its structure, and loaded with mystical metaphor.

    And there would be no science without religious thought. We divide Science from Religion. The ancients did not divide them. There is an advantage in dividing them. But there is also a disadvantage. It's called alienation. Part of our 'fragmentation' comes from the fact that we love fragmenting the world and dividing and separating and studying the tiny pieces in which we specialize. However, we also need to put the parts, the wonderfully developed 'pieces', back into a recognizable whole.

    Our society is fragmented because our world view believes in this fragmentation, in this polarization between truth and falsehood (of course, we always stand for the truth, and the other side for the falsehood). We are whole as human beings (this is psychic health); but when we insist on our own fragmentation into good pieces and bad pieces we become mentally ill. When we insist that the world is fragmented into good pieces and bad pieces we go to war, which is a form of projected mental illness.

    Believe it or not, you CAN HAVE science, Bach, and mystical understanding all at the same time. These parts of ourself don't have to be fragmented and at war with one another. Who was more mystical that Einstein? A dry, dead science with no heart or soul, however, is that form of mental illness I mentioned.
    Jul 12, 2010. 12:06 AM | Likes Like |Link to Comment
  • Two Main Reasons the Economy Will Survive [View article]
    You have to do a series of things for real austerity: raise taxes to pay off debts; cut spending; and raise interest rates to make it more expensive to borrow.
    Jul 9, 2010. 06:17 AM | Likes Like |Link to Comment
  • Is Canada‚Äôs Housing Market Going Bust? [View article]
    Canada, China, the false light of the golden age in housing inflation finally going out?
    Jul 9, 2010. 04:36 AM | Likes Like |Link to Comment
  • Pending Homes Sales Crash in a Record Fall to a Record Low as Tax Break Expires. The MSM Misses It. [View instapost]
    What this all says is quite simple: housing prices are too high. 150-200% increase in three years (instead of 6% in three years, historic average)...still has prices unaffordable unless we go back to liar loans, cheater loans, and guaranteed-to-default loans. Do we want to go back there, just to maintain our bubble prices? Ask Japan how long you can hold your breath and pretend the price appreciation was a good thing. Twenty years...and counting.
    Jul 9, 2010. 04:32 AM | Likes Like |Link to Comment
  • This Dead Cat Could Have One Life Left [View article]
    Oversold rally. Not much more. Most issues are already in overbought territory. Rally will last a few more days probably.

    How to tell if you are in a Bear Market. A strong rally from oversold to overbought doesn't turn the trends back up.

    Today's trading signals (using our M2F Subalt Trading System) shows just this:

    M2F subalt

    MZZ 19.51 ent long
    QID 18.68 ent long
    REW 23.23 ent long
    RXD 37.41 ent long
    SCC 34.84 ent long
    SIJ 21.784 ent long
    SKF 21.6 ent long
    SMN 40.285 ent long
    SSG 17.13 ent long
    SSEC 2448.899 ent short
    AA 10.72 ent short
    ACH 19.14 ent short
    GES 33.52 ent short
    GS 135.46 ent short
    MOT 6.85 ent short
    MTL 19.22 ent short
    QCOM 33.93 ent short
    RBS 13.57 ent short
    SNE 27.78 ent short
    X 41.09 ent short
    XOM 58.81 ent short

    The inverse (shortsell) ETFs are giving buy signals -- they have endured the stock rally without seeing their trends turn negative -- and now they are oversold. The 'enter short' positions have had a rally from oversold to overbought and the rally has not been significant enough to the underlying technicals to reverse the downward trend.
    Jul 9, 2010. 04:27 AM | 1 Like Like |Link to Comment
  • Good News Catches Bears Off-Guard [View article]
    We're oversold. Don't get too excited. The rally will be short-lived and the news will turn sour again. You can trade this rally -- but don't start getting all gooey about the 'good times' returning. They are not.
    Jul 9, 2010. 04:13 AM | 4 Likes Like |Link to Comment
  • Two Main Reasons the Economy Will Survive [View article]
    I think we are optimists when we see a positive place for ourselves in the future and we are pessimists when we don't. ALL OF US are sometimes optimists and sometimes pessimists.

    What happened to us in 2007 is that culturally our future disappeared, and our past came in to view. That is, our outward trajectory as a culture turned back down toward the earth. We are falling now. And we will continue falling until about 2019, at which point in turn we will begin to turn back up, at which time the future will begin to come in to view again. Light scheduled to fully return 2028.
    Jul 9, 2010. 04:09 AM | Likes Like |Link to Comment
  • Two Main Reasons the Economy Will Survive [View article]
    Does that mean they are admitting that Keynes' so-called inflation policies made THEM feel better? They are admitting the stimulus was an ILLUSION that, maybe, bought them time?
    Jul 9, 2010. 04:02 AM | Likes Like |Link to Comment
  • Two Main Reasons the Economy Will Survive [View article]
    I don't think tax cuts are in the works. If you want austerity; if you want us to pay off our debt, tax increases are coming.
    Jul 9, 2010. 04:00 AM | Likes Like |Link to Comment
  • Pending Homes Sales Crash in a Record Fall to a Record Low as Tax Break Expires. The MSM Misses It. [View instapost]
    Thank you for reporting this, Michael. You are reporting what the other news services are failing to report. I appreciate your giving us the truth.
    Jul 9, 2010. 02:25 AM | Likes Like |Link to Comment