tag:blogger.com,1999:blog-4921988708619968880.post5356716422523232822..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: February 7 2009: The Unbearable LightnessIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-4921988708619968880.post-88671998917930905092009-02-08T16:58:00.000-05:002009-02-08T16:58:00.000-05:00Thanks Ilargi-And where does nationalization of al...Thanks Ilargi-<BR/>And where does nationalization of all banks leave us? Which industries are next and how long does 'money' continue to work after these nationalizations? How many of these policy advisors are thinking beyond fiat and about natural resources?<BR/><BR/>And the $100 trillion was a 'hypothetical' number I made up in my <A HREF="http://www.theoildrum.com/node/4957" REL="nofollow">Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3733114702987807692009-02-08T15:35:00.000-05:002009-02-08T15:35:00.000-05:00oarwell - yay, poethry. As Little Orphan Anomie s...oarwell - yay, poethry. As Little Orphan Anomie says, to her Daddy WalBucks -<BR/>The bubble gums up- tomorrow!<BR/>Betcher bottom dollar <BR/>That tomorrow-<BR/>There'll be gum!Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28200519980908248852009-02-08T15:26:00.000-05:002009-02-08T15:26:00.000-05:00It's amazing that the finance blogs like calculate...It's amazing that the finance blogs like calculated risk and the big picture can so confidently say that there is no depression coming.<BR/><BR/>What makes them so confident? And these are popular blogs. I know i've asked this question and stoneleigh even responded saying she thinks 50% unemployment is coming. But still!!?<BR/><BR/>It's silly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19354752914976103472009-02-08T15:22:00.000-05:002009-02-08T15:22:00.000-05:00A nice poem by IOZ:Upon the divers Prophecies of D...A nice poem by IOZ:<BR/><BR/>Upon the divers Prophecies of Doome if the Bille currently considerred<BR/>dos not Attaine Passage<BR/> <BR/>Better made than bought or if bought, best<BR/>produced domestically by strong<BR/>and thick-necked workin men along<BR/>Steinbeckian lines, sun-tanned and tough and blessed<BR/>with super strength, or economic death<BR/>will creep like plague or sound an iron Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42413969330800722602009-02-08T14:49:00.000-05:002009-02-08T14:49:00.000-05:00@ Shadowfax:None of these clowns accept limits to ...@ Shadowfax:<BR/><BR/>None of these clowns accept limits to growth. Limits imply an end to growth, and the entire structure of society is geared to growth.<BR/><BR/>If growth is limited, then wealth is limited, and the obvious question becomes how to divide the pie, not how to make the pie bigger.<BR/><BR/>If growth is limited, you have to manage human population. Discouraging any form of family Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37328341972502760082009-02-08T14:34:00.000-05:002009-02-08T14:34:00.000-05:00The quote from Larry Summers is the scariest thing...The quote from Larry Summers is the scariest thing I have read in a long while.<BR/>No limits to growth on a finite planet?How can he possibly believe that?Shadowfaxhttps://www.blogger.com/profile/17311542958417885861noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91535588335712552462009-02-08T14:18:00.000-05:002009-02-08T14:18:00.000-05:00@ AhimsaThe other interesting line from that artic...@ Ahimsa<BR/><BR/>The other interesting line from that article is:<BR/><BR/><EM><BR/>Real estate agents said the homes that are selling here typically go for only about $45,000, a third of what they cost to build.<BR/></EM><BR/><BR/>This is the only hope I see for a bottom. Builders will keep building as long as they can make $10 on a new house. Prices will need to fall below the cost of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33467596324706915962009-02-08T14:06:00.001-05:002009-02-08T14:06:00.001-05:00@nonameNow that you have a name, I can respond in ...@noname<BR/><BR/>Now that you have a name, I can respond in good conscience. Yes, I did take a poll both of silverback gorillas who had committed infanticide and self-proclaimed and/or generally acknowledged Libertarians. The poll consisted of one question: 1) Do you consider yourself a narcissistic asshole, solely interested in your personal aggrandizement and totally or primarily indifferent toel gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74153132357017865962009-02-08T14:06:00.000-05:002009-02-08T14:06:00.000-05:00I'm anxiously awaiting the renewal of growth in Ch...I'm anxiously awaiting the renewal of growth in China that a poster some time ago guaranteed was bound to happen (the China bull, I don't remember his name).<BR/><BR/>He gave a time prediction of June or so 2009 for this renewal of growth there.<BR/><BR/>This gives China about 4 months now, 5, to turn things around.<BR/><BR/>Sadly, the recent China articles posted here just don't seem to quite Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11690696035978806842009-02-08T13:01:00.000-05:002009-02-08T13:01:00.000-05:00Greenpa,I hope you are right.I ,in fact,think you ...Greenpa,I hope you are right.I ,in fact,think you may be on to something...<BR/> Remember during the campaign when it looked like Ms Clinton was the "winner by a length",right before Obamasan cut her off at the knees?.<BR/> I have watched his actions since elected,and he has done something I have never seen a pol do,that is ,start doing the pledges he made from day one.Very little of the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87455961195387836732009-02-08T12:42:00.000-05:002009-02-08T12:42:00.000-05:00In the Sunday NY Times is the article titled "In F...In the Sunday NY Times is the article titled <A HREF="http://www.nytimes.com/2009/02/08/us/08lehigh.html?_r=2&ref=business" REL="nofollow">"In Florida, Despair and Foreclosures"</A>. Here's a quote: "In Lehigh Acres (Southwest Florida), homes are selling at 80 percent off their peak prices."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21054156968108837462009-02-08T12:33:00.000-05:002009-02-08T12:33:00.000-05:00Stoneleigh, thank you for the insightful post.Stoneleigh, thank you for the insightful post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19240226022195994122009-02-08T12:30:00.000-05:002009-02-08T12:30:00.000-05:00Stoneleigh -- How low do you think the new stock m...Stoneleigh -- How low do you think the new stock market low will be and how high might the rally you expect take it up? I sure I must not he the only reader curious to hear your thoughts on the actual levels you might expect to see....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88839139478611593382009-02-08T12:29:00.000-05:002009-02-08T12:29:00.000-05:00Some of you might be interested in the fact that a...Some of you might be interested in the fact that an arms dealer under indictment in Miami Beach is <A HREF="http://www.miaminewtimes.com/2009-02-05/news/indicted-miami-beach-weapons-dealer-efraim-diveroli-is-still-making-millions-of-dollars/" REL="nofollow">making millions of dollars during this economic crisis - his imminent trial notwithstanding</A>. <BR/><BR/>http://www.miaminewtimes.com/Pennhttps://www.blogger.com/profile/15708171159556556875noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49334092810021396652009-02-08T11:38:00.000-05:002009-02-08T11:38:00.000-05:00http://finance.yahoo.com/news/The-rise-and-almost-...http://finance.yahoo.com/news/The-rise-and-almost-fall-of-apf-14286854.html <BR/><B>The rise and (almost) fall of America's banks</B><BR/>"We're not talking about valuing buildings and dirt," Macey says. "This is quite a bit different."<BR/>In other words, it's uncharted territory once again.<BR/>=======Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49312123164854460882009-02-08T11:37:00.000-05:002009-02-08T11:37:00.000-05:00" Larry Summers is a walking talking lump of brain..." Larry Summers is a walking talking lump of brain damage. Who, it just so happens, decides over your children's future welfare. Go read that quote again and tell me how you feel."<BR/><BR/>Yes, he is, and like Mike, I found the words from Larry Summers very depressing-<BR/><BR/>At first.<BR/><BR/>Look, guys- you/we REALLY have to get over looking at the situation one move at a time. It's a gameGreenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-81830239588873327852009-02-08T10:54:00.000-05:002009-02-08T10:54:00.000-05:00Rapier,The whole idea of this insurance is that by...Rapier,<BR/><BR/><I>The whole idea of this insurance is that by having it that it won't be needed. The insurance will bring ever elusive confidence to the market so the paper can trade and in the best case scenario rise in value as the economy recovers.<BR/>In other words it's a confidence game. A con game.</I><BR/><BR/>Absolutely. It's all smoke and mirrors, and promises no intends to have to Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-38536990107135615682009-02-08T08:48:00.000-05:002009-02-08T08:48:00.000-05:00Immigration policy has always been about manipulat...Immigration policy has always been about manipulating labor costs.<BR/><BR/>NeoConJobs and other assorted reactionaries have always used racism publicly to whip up fury in their sheeple shock troops, all the while privately profiting from the policy of cheap, abundant immigrant labor.<BR/><BR/>Their hypocrisy knows no bounds. NeonaziConJobs wet dream is forced labor camps, free labor. Debt Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25202044038595684302009-02-08T08:46:00.000-05:002009-02-08T08:46:00.000-05:00Probably around $9 trillion of the estimated $10 t...Probably around $9 trillion of the estimated $10 trillion "spent" on the bailouts has not been spent it has just been pledged. Offers of insurance against losses on bad paper. The insurance has no backing. If and when the Fed and Treasury have to provide the payments for the losses there are two choices. Get the money appropriated by congress and borrow it or have the Fed print it. <BR/><BR/>The Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87913202443026112812009-02-08T02:49:00.000-05:002009-02-08T02:49:00.000-05:00The article on Job losses spreading to workers wit...The article on Job losses spreading to workers with College Degrees was rather disingenuous, by omission.<BR/><BR/>The Corporate Universities (to use Wolin's term) are now heading towards getting students (or their parents) into as much debt as possible.<BR/><BR/>So, students graduate with a huge debt load these days. All in the effort to try to obtain higher paying jobs. No where did it mention Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-769215084548167602009-02-08T01:38:00.000-05:002009-02-08T01:38:00.000-05:00Re Summers: He at least has the idea of what will...Re Summers: He at least has the idea of what will happen once the limits are imposed...<BR/><BR/>Where he's absolutely f*cked in the head is that we won't have those limits imposed.Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88232960371960528902009-02-08T01:37:00.000-05:002009-02-08T01:37:00.000-05:00$100,000,000,000,000??You're one order of magnitud...$100,000,000,000,000??<BR/><BR/>You're one order of magnitude short...<BR/><BR/>This is why I believe nothing of America survives -- society, economy, currency, country -- and the only question now is how much of this was a plan (either for the NAU or the NWO)??Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5553679903772712832009-02-08T00:29:00.000-05:002009-02-08T00:29:00.000-05:00Apropos of Bernie Madoff, check out this documenta...Apropos of Bernie Madoff, check out this documentary about liars and our inability to detect them.<BR/><BR/>http://www.cbc.ca/documentaries/doczone/2009/truthaboutliars/index.html#<BR/><BR/>Approximately 15 minutes into the doc there is the story of Jay Zubick, a so-called "investment advisor" who duped 29 people in Carmel CA out of $15.8 million of their savings, which he used to pay for his weathermanhttps://www.blogger.com/profile/11085626422109870715noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72015019562709372462009-02-08T00:21:00.001-05:002009-02-08T00:21:00.001-05:00Lawrence H. Summers: The laws of economics are lik...<I> Lawrence H. Summers: The laws of economics are like the laws of engineering. There's only one set of laws and they work everywhere. One of the things I've learned in my time at the World Bank is that whenever anybody says "But economics works differently here", they're about to say something dumb. [ p. 106 ]<BR/><BR/> There are no...limits to the carrying capacity of the earth that are ogardenerhttps://www.blogger.com/profile/16062788838505530416noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50786502948580118872009-02-08T00:21:00.000-05:002009-02-08T00:21:00.000-05:00I thought some of you might enjoy the below lonk; ...I thought some of you might enjoy the below lonk; a beatiful rant from Dec 06 on the decadence of art as investment. From a very respected artist/professor.<BR/><BR/>https://listserv.indiana.edu/cgi-bin/wa-iub.exe?A2=ind0612&L=aesthetics-l&T=0&F=&S=&P=15395Anonymousnoreply@blogger.com