tag:blogger.com,1999:blog-4921988708619968880.post2955013352050042733..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: August 26 2010: In America, housing IS the economyIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-4921988708619968880.post-710174339182722882010-08-29T16:03:54.823-04:002010-08-29T16:03:54.823-04:00New post up.
One more time: GDP and CMI
.New post up.<br /><br /><br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2010/08/august-29-2010-one-more-time-gdp-and.html" rel="nofollow"><b>One more time: GDP and CMI</b></a><br /><br /><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30849575732753920792010-08-29T16:00:15.168-04:002010-08-29T16:00:15.168-04:00The problem, Tom Therramus, that NO INFLATIONIST E...The problem, Tom Therramus, that NO INFLATIONIST EVER ANSWERS when I put it out there is this - hyperinflation will destroy the Fed AND the special powers of the US dollar to impose a $1.2-$1.8 TRILLION hidden tax on the entire world each year. Further, the Fed is independent of the government and does not act as the government wishes. So tell me again exactly why the Fed would take a path that Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67053542396237058992010-08-29T15:21:00.162-04:002010-08-29T15:21:00.162-04:00@Woody - Tx for the heads-up.
Read the Lira piece...@Woody - Tx for the heads-up.<br /><br />Read the Lira piece - it was nicely done - albeit that spelling was challenged here and there. Particularly liked the idea that inflation and hyperinflation may be two separate phenomena.<br /><br />@Greyzone- you overstate the the differences in approach between TAE and Lira. Both positions are hypothesis-driven. The final form of lurking reality remains Tom Therramushttps://www.blogger.com/profile/01955050476386723591noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8998533835250451262010-08-29T13:07:37.097-04:002010-08-29T13:07:37.097-04:00Spouse agrees that there needs to be a reset. But ...Spouse agrees that there needs to be a reset. But reset to What? He is unable to explain. Yet he still believes there will be no implosion or collapse, that his world is going to continue just like it always has.bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-58687502702811020212010-08-29T12:34:24.953-04:002010-08-29T12:34:24.953-04:00I'm walking around my local Homebase today, - ...I'm walking around my local Homebase today, - which is a big box hardware store for non UK readers - and apart from it looking like death warmed up - activity wise, I couldn't help but notice that as I looked at the racks with the huge discount offers (seemed like everything in store was offering a % off) I found myself thinking "no way" even at 80% off I'm still like "zanderhttps://www.blogger.com/profile/15352619368764868819noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-92092755104622314952010-08-29T12:10:17.206-04:002010-08-29T12:10:17.206-04:00Definitions: reset
1. adjust again after an init...Definitions: reset<br /><br />1. adjust again after an initial failure<br /><br />2. The form reset is used in the present tense and is the past tense and past participle. If you reset a machine or device, you adjust or set it, so that it is ready to work again or ready to perform a particular function. verb <br /><br />3. A Reset is an operation that allows an administrator or operator to setjalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47360360324042459512010-08-29T12:08:33.847-04:002010-08-29T12:08:33.847-04:00In reference to the economy and to the social stru...In reference to the economy and to the social structures it is necessary to identify the OPERATORS and the DETAILED OPERATIONS of a RESET.<br />It is also necessary to have a timeframe or flow chart of events that will be affected. (There is no such thing as instantaneous time travel to a past that once existed). <br /><br />The present keeps going forward into tomorrow.<br /><br />We are have jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13530003922861779642010-08-29T09:29:12.961-04:002010-08-29T09:29:12.961-04:00@peter - interesting comments at the argonist arti...@peter - interesting comments at the argonist article that you posted.bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87391167243308417012010-08-29T09:05:21.697-04:002010-08-29T09:05:21.697-04:00Fed 'will strongly resist' deflation: Bern...<b>Fed 'will strongly resist' deflation: Bernanke</b><br /><br /><b>Economy will grow in second half, pickup in 2011</b><br /><br /> Bernanke: <a href="http://www.marketwatch.com/story/bernanke-talks-tough-on-deflation-2010-08-27" rel="nofollow">Fed still has tools</a><br /><br />Bernanke said there was only a low risk of deflation. But he acknowledged that inflation has dropped to a ogardenerhttps://www.blogger.com/profile/16062788838505530416noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60600811701308963472010-08-29T08:13:53.718-04:002010-08-29T08:13:53.718-04:00Seems the front page of the huffington post is all...Seems the front page of the huffington post is all about this meeting of 'minds' that just took place. The general consensus including Roubini is echoing everything that Ilargi and Stoneleigh have been saying all along. One still senses some tiptoeing around the facts but at least one or two words of truth are now being spoken. If they told the whole truth and less diplomatically then carpe diemhttps://www.blogger.com/profile/14488224761512097840noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73643050708939115342010-08-29T05:35:06.713-04:002010-08-29T05:35:06.713-04:00http://agonist.org/joaquin/20100827/why_economic_g...http://agonist.org/joaquin/20100827/why_economic_growth_in_the_united_states_cannot_happen<br /><br />provides many nice quotes.<br />"The powers that govern cannot or do not have the will to restructure the economy and our society but expect us to restructure our lives just the same."<br />and<br />"Maybe you have a home that you cannot sell and you are stuck living 20 miles or peterhttps://www.blogger.com/profile/07623152509350759725noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78199368423031877402010-08-28T18:01:06.950-04:002010-08-28T18:01:06.950-04:00Can't argue with pretty much anything that you...Can't argue with pretty much anything that you have said Ilargi.<br /><br />Throughout his campaign there was always a niggling thought in my head that said, "when a job ceases to be worth having (like teaching or nursing for example, and now POTUS) the women and the minorities are allowed in."<br /><br />Worth having, not mentioning whether it is worth doing.<br /><br />Obama was Unknownhttps://www.blogger.com/profile/12386983539153238897noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25329640382846367392010-08-28T17:10:33.711-04:002010-08-28T17:10:33.711-04:00@ Woody, it was a slow midnight shift at work yest...@ <a rel="nofollow">Woody</a>, it was a slow midnight shift at work yesterday, so I read both parts of Lira. While he had some good concepts and I like his writing style -- peppered-up with profanity, but not gratuitously so -- his screenplay did not ring true.<br /><br />I agree with <a rel="nofollow">Greyzone</a> that Lira's <i>downschluss</i> scenario seems far-fetched. It's like a Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-56192449430845058622010-08-28T14:50:12.775-04:002010-08-28T14:50:12.775-04:00Snerf,
Spoken like a true libertarian. Bundling ...Snerf,<br /><br />Spoken like a true libertarian. Bundling all activities of government under the bailiwick of fascism is your greatest dream, your greatest fear. What exactly is your problem with Social Security and Medicare? <br /><br />I’m certainly aware of the military / industrial / financial domination of most government actions. I just don’t abandon the worth of government totally. Wyotehttps://www.blogger.com/profile/17639946106031416118noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67862355161094085922010-08-28T14:36:33.229-04:002010-08-28T14:36:33.229-04:00However, (I would say as an aside), both Stoneleig...<i>However, (I would say as an aside), both Stoneleigh and FOFOA have already checked their egos at the door.<br /><br />Illargi . . . well, not so much!</i><br /><br />One of my favorite sports is trail running in wilderness terrain where a slip can send you careening two thousand feet onto rocks. If I'm running with someone who sees me slipping and puts out his hand to pull me back, does Richttps://www.blogger.com/profile/01092313041560676587noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85704115957768241132010-08-28T13:38:43.791-04:002010-08-28T13:38:43.791-04:00@ Wyote said...
Hey Snefling, define "welfare...@ Wyote said...<br /><i>Hey Snefling, define "welfare interests" for us.</i><br /><br />Sounds like a sensitive lib took the bait. Answer: Fannie & Freddie.<br /><br />Welfare isn't just a set of narrowly defined programs that transfer income from productive earners to leechf*cks.<br /><br />At its grandest manifestation, welfare is a when a state comes to dominate all domestic Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28825107515095038542010-08-28T13:17:49.562-04:002010-08-28T13:17:49.562-04:00Woody,
Thanks for postings these provocative arti...Woody,<br /><br />Thanks for postings these provocative articles. <br /><br />They both generated a mountain of comments at Zerohedge.<br /><br />I think anyone who reads the first dozen paragraphs of Gonzalo Lira’s first article will be hooked and have to finish them both. And I say this even if you’re in the deflation camp (as I am).James Madisonhttps://www.blogger.com/profile/02504167657364821114noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9501348604800877282010-08-28T12:59:45.926-04:002010-08-28T12:59:45.926-04:00Woody,
The problem with Lira's views is he co...Woody,<br /><br />The problem with Lira's views is he constructs a specific scenario, like some sort of spy novel, then bases his entire set of predictions off that specific scenario. I&S have and continue to talk about basic principles, using history, biology, psychology, and even a bit of economics as their guides.<br /><br />Second, I&S (and Mish and Denninger and lots of other &Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87026579064319483402010-08-28T09:50:57.097-04:002010-08-28T09:50:57.097-04:00Dr Jeff Masters Weather Underground blog posts:
T...Dr Jeff Masters Weather Underground <a href="http://www.wunderground.com/blog/JeffMasters/article.html" rel="nofollow">blog</a> posts:<br /><br />The Northwest and Northeast Passages are open.<br /><br />"The Northwest Passage--the legendary shipping route through ice-choked Canadian waters at the top of the world--melted free of ice last week, and is now open for navigation, according to Wyotehttps://www.blogger.com/profile/17639946106031416118noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-22806402120247435062010-08-28T01:19:04.601-04:002010-08-28T01:19:04.601-04:00bluebird said...
“Reliving these events, is seeing...bluebird said...<br />“Reliving these events, is seeing the future.”<br />NAW!<br />If you really want to see something sickening, ... if you can find it in mainstream media, keep your eye on what is happening in Pakistan. It is 100 times worst and getting worst every day. That is the future happening NOW. <br />Warning: ... for adults viewing ONLY<br />JALjalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57057334592825955652010-08-27T23:53:59.569-04:002010-08-27T23:53:59.569-04:00I second Kurt's request for I&S (and other...I second Kurt's request for I&S (and others’) opinions on the ZeroHedge/Gonzalo-Lira blog, links to which have been posted here several times in the past two days:<br /><br /><a href="http://tinyurl.com/Hyper-Part-I" rel="nofollow">Hyper-Part-I</a><br><br /><a href="http://tinyurl.com/Hyper-Part-II" rel="nofollow">Hyper-Part-II</a><br /><br />Lira doesn’t state his definition of deflationWoodyhttps://www.blogger.com/profile/15645404787897496771noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18803795160898905022010-08-27T23:17:15.032-04:002010-08-27T23:17:15.032-04:00The Canadian consumer is saying "Damn the rec...The Canadian consumer is saying "Damn the recession/depression, full speed ahead with borrowing and spending"<br /><br />The following is from the Bank of Canada web site:<br /><br />"Two thirds of credit outstanding to households is for residential mortgages."<br /><br />From July 2009 to July 2010, total household credit in Canada increased by 103.1 Billion$.<br /><br />The anon10https://www.blogger.com/profile/15846761986848381697noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3619136309437158982010-08-27T22:58:31.069-04:002010-08-27T22:58:31.069-04:00Today on CNBC-TV's Closing Bell program, one o...Today on CNBC-TV's Closing Bell program, one of the guests that Maria Bartiromo interviewed said the following:<br /><br />"Over the last 30 days credit default swaps on U.S. treasuries have moved up 35 per cent. Now as we all know that's the cost to insure against the default on U.S. treasuries, 35 per cent. So with rates plummeting and credit default swaps rising something's anon10https://www.blogger.com/profile/15846761986848381697noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91853714417097409882010-08-27T22:57:44.649-04:002010-08-27T22:57:44.649-04:00Watching a special MSNBC program about the first 5...Watching a special MSNBC program about the first 5 days of Katrina in 2005. No food, no water, no shelter. People stealing, everyone desperate, angry. Brian Williams remarking he didn't believe this was happening in America. Reliving these events, is seeing the future.bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-1026757576011842692010-08-27T22:21:56.879-04:002010-08-27T22:21:56.879-04:00Dear Gravity,
But everything is something.Dear Gravity,<br /><br />But everything is something.D. Benton Smithhttps://www.blogger.com/profile/09505763959328162067noreply@blogger.com