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  • The Great Normalization [View article]
    I'd like to advance a viewpoint about stagnation that is never heard: we are suffering because of technological stagnation.
    When I was a young boy 60 years ago, I was led to expect cures for all diseases including cancer, fusion power, humans traveling to planets/stars, a cure for aging, and certainly an end to fossil fuels. Looking at the burst of inventions emerging from WW2, this optimism appeared reasonable

    None of that happened. It didn't because our increasingly crony-led corporate system doesn't really want these things. Forget Star Trek unless it's just a movie. Why not be satisfied with clever phones that show us cute cat photos? Keep disruptive technology to a minimum and profitable dependency maxed out. Eventually, that dependency is so great, whole nations are useless. Ask the Greeks.
    Nov 30, 2015. 10:13 PM | 3 Likes Like |Link to Comment
  • Deflation Will Drive The Price Of Gold Lower [View article]
    China has no interest in overcoming the nearly laughable manipulations of paper gold. They haven't bought all of it yet.
    Nov 27, 2015. 12:34 PM | 7 Likes Like |Link to Comment
  • IMF To Include China In SDR Basket [View article]
    I guess the big question is can the SDR's replace the dollar in trade and reserves globally? SDR's do not dethrone the dollar per se but it would be an alternative, if possible.
    Nov 17, 2015. 02:37 PM | 1 Like Like |Link to Comment
  • Yuan set to join currency big leagues [View news story]
    I think that the world is stuck with the dollar for some time since it is written into contracts globally and it is the 'healthiest hooker in the brothel' anyway.

    I would be more interested in the decline in US power caused by the alternative financial structure that China/Russia is developing as well as the possible end of the petrodollar.
    Nov 15, 2015. 07:18 PM | Likes Like |Link to Comment
  • As The World Rolls Over [View article]
    The opposing European political parties are a waste of votes. First, they condemn austerity. Then they get to power and find out that the EU controls the banking system and that no one has any stomach for sacrifice or constructive radical change. End of story.
    Nov 13, 2015. 04:40 PM | 2 Likes Like |Link to Comment
  • Crown Crafts: A Perfect Storm Is Brewing That Should Spark Birth Rates [View article]
    Um..... "the end of the Great Recession". When is that going to happen? I would be wary because we may be witnessing a permanent change in culture as regards marriage and child bearing.
    Nov 11, 2015. 04:30 PM | 1 Like Like |Link to Comment
  • The $630 Trillion Derivatives Market: A Snowflake Away From Complete Meltdown? [View article]
    The headlines TODAY told us that JPM was the victim of the biggest security hack ever, 'cybercrime on steroids'. They didn't see or stop the threat - and why should they? Free market thinkers point out that central planning doesn't work because it cannot substitute its plans for the mass of economic decisions that free markets can provide i.e. the central planners can never truly 'know' their economy.

    And TBTJ Banks? They can never 'know' their own empires. What is true? What is accurate? What is recommended by corrupt sycophants? .... and that is what is so dangerous about these banks and their unregulated derivatives. Even Alan Greenspan 'never thought' his Ayn Randish ideas would fail miserably.
    Nov 10, 2015. 09:03 PM | Likes Like |Link to Comment
  • The $630 Trillion Derivatives Market: A Snowflake Away From Complete Meltdown? [View article]
    Does this article presume that the facts and figures are both truthful and accurate? And why should that be assumed especially in regard to a financial industry that has set records for unprecedented fraud? Whether it involves manipulating LIBOR or gold prices or signing "gag" names on bogus mortgages, you have entities that are beyond regulation - or morality.
    Nov 9, 2015. 08:29 PM | 1 Like Like |Link to Comment
  • The Trans-Pacific Partnership Invigorates Vietnam [View article]
    The guarantees for labor and much else are worthless. Other "free" trade agreements have already shown this.
    Nov 9, 2015. 08:23 PM | Likes Like |Link to Comment
  • Why The U.S. Dollar Is King [View article]
    This is not the 1950's. Buyers can go elsewhere to get goods made in countries that have cheap currencies. There are a number of multinationals upset about a strong dollar. So, this article simply denies that a currency war can exist?
    Nov 3, 2015. 02:27 PM | 1 Like Like |Link to Comment
  • The Future Of Trans-Pacific Partnership Deal [View article]
    As Stiglitz says, it's by the 1% and for the 1%. Does anyone really believe that these oligarchs are charitable? The deep secrecy tells you they know people will be screwed so it has to be passed as quickly and quietly as possible.
    Oct 28, 2015. 04:08 PM | Likes Like |Link to Comment
  • The Inflation Lie [View article]
    Fact: a full time minimum wage job won't pay average rent in any state. I understand that this may now be true of all US counties. And over 40% of such workers have a college degree.
    Hedonic Fudging on inflation? Yeah, I recall when big screen movies didn't have commercials or TV car ads showed typical loan payments, not leases - and not for 5+ year terms. I remember bank accounts that actually paid interest (and CD's) and offered free checking easily.
    There are a number of things that have gotten cheaper but housing, a college education and a car have gone way up relative to average wages. Bells and whistles are nice but these things are basic.
    Oct 25, 2015. 06:45 PM | 5 Likes Like |Link to Comment
  • The Inflation Lie [View article]
    Wow! Aren't these new cheap laptops great? So many features!

    Too bad I can't pay my rent.... or afford college.....or healthcare.
    Oct 25, 2015. 09:46 AM | 13 Likes Like |Link to Comment
  • Russia And Saudi Aren't Going To Play Nice: Competition Between Them Is Fierce [View article]
    There are regular reports from the middle east that poor Yemen is embarrassing the Saudi military. Are these reports true? If the ruling Saudis are so ineffective, it should send a message to Al-Qaeda/ISIS that overthrowing them should be easy. Obviously, this would have a huge effect on oil prices.
    Oct 17, 2015. 01:25 PM | 7 Likes Like |Link to Comment
  • Oil Greases The Skid For Russia's Economy [View article]
    They can't do import substitution? Sez who? How about cheese and other agricultural products? Airliners, perhaps? Industrial products no longer imported from Ukraine?
    Oct 2, 2015. 04:11 PM | Likes Like |Link to Comment