besposito

The Arithmetic of Gold: Why Its Price Has No Ceiling

If the germans show up in paris, which may or may not happen, what will owning the rights to buy a ticket at a set price, or stock in the people who make the tickets be worth?

If your doomsday scenario happenned, and they really needed to use gold that way, the rules of the game will change... financial martial law if you will. So IF the germans come to paris, you sure had better be holding a real PHYSICAL ticket if you want on the train, otherwise you'll be telling the other POWs how you knew it was coming, and had the rights to a ticket but got screwed by the government....

The Worst Economy Since the ... 1980s?

why don't you try using the job metric that was used in 1980 and see whether or not unemployment looks better now

Ongoing $134.5 Billion Bearer Bond Mystery: Possible Link to Upcoming Bank Holiday

I went and found the source of these embassy rumours, but that and all the rest of it (fema guys chatting with cops and all the other tinfoil stuff) is perfectly consistence with preparing them in case of a severe Pandemic in which services may be interupted, or not fully functioning. Especially in poorer countries around the world. Also a bank holiday to prevent infection could be planned as well if things get bad....

Japanese Lesson for U.S.: Demographics Matter a Lot

The fact that: Over the long term, demographics matter more than anything else to economic growth and well being.

Shows that the growth based model for an economy is one giant ponzi scheme.

Mark-to-Market Marches Towards Extinction

If you don't want to mark mortgages to market, DON'T turn them into securities. IF they are securities, they should be marked to market, if there is no market, they aren't worth anything, if you want to hold them, DON'T MAKE THEM SECURITIES.

Depression? Recession? No, It's the Great Restructuring

Merely citing your point about entertainment getting less dollars should show the EXTREME relevance of advertising based broadcast media to a value focused consumer. Digital delivery will fail as a model if the fees stay where they are now.

Why Depressions Attract Protectionism

Globalisation can only help an economy in a world of true free trade. When everyone controls, manipulates, and monopolizes this just isn't the case.

Real wages in America have decreased, while debt has increased. That is clearly unsustainable. How can you avoid deflation in America while wages are deflating? I suppose a giant bubble of debt based on past wealth might do it for a time....

Look at what the auto "fixes" are doing from a macro point. Ignoring the job losses, what is happening to wages? Current and future, for people who are re-hired to the new entities. Look at what is happening to wall street salaries. Look at all the stories of people having to find lower paying jobs to get by. What will the surge in supply of recently laid off workers do to wage pressures?

Commentators say inflation is only a problem when it feeds back into wages and you get a spiral. Well, we have deflation in assets, and the consequences so far are lower wages.

Countries need to accept the pain that they have earned through stupidity and fake free trade. Once their own "houses are in order" then new free trade pacts should be created between equals. Countries who follow the same currency, environmental and worker protection laws. The current "free trade" is an unsustainable poison.

The End of Citigroup

What would happen to their derivatives book?