tag:blogger.com,1999:blog-4921988708619968880.post7206773675773193891..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, March 30 2008Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-4921988708619968880.post-65873246467177618652008-03-31T02:21:00.000-04:002008-03-31T02:21:00.000-04:00FB,The second Spiegel article is much more realist...FB,<BR/>The second Spiegel article is much more realistic.<BR/>The first one sounds like positioning attempts and is conditional,<BR/><BR/>see <BR/><I>wenn nun die Weichen richtig gestellt würden ..... Die von der SPD geforderten Mindestlöhne wirkten dieser Entwicklung entgegen.</I><BR/><BR/><BR/><BR/>Ilargi,<BR/>I know what you are saying, just trying to figure out what they are playing at. I VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74783399195066749822008-03-31T01:40:00.000-04:002008-03-31T01:40:00.000-04:00I’ve been reading your blog for a while now I real...I’ve been reading your blog for a while now I really appreciate all the effort you put into this. I’m something of a novice at financial systems so please help me out with some things I’m trying to understand. <BR/><BR/>Your thesis is that the meltdown in the financial world is deflationary. I understand money is destroyed when loans are re-payed or defaulted on. The Fed fears deflation and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31509331646876963802008-03-30T23:11:00.000-04:002008-03-30T23:11:00.000-04:00To me this feels like a coup. Can't believe this w...To me this feels like a coup. Can't believe this was conceived and articulated in only a couple of weeks...and like Ilargi I wonder about the intent to get citizens to file. <BR/>I'm reading elsewhere references to " lots of money slooshing around the world". There appears to be money in an alternate system ,not the one you and I are locked into.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83747202562373123192008-03-30T22:01:00.000-04:002008-03-30T22:01:00.000-04:00Is anyone else as 'shocked' as I am about the fed ...Is anyone else as 'shocked' as I am about the fed reserve getting yet more power legally? Does it get any more blatant than this?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19831424694301631242008-03-30T17:52:00.000-04:002008-03-30T17:52:00.000-04:00Hello,Ilargi:"Are you trying to reason that man is...Hello,<BR/><BR/>Ilargi:<BR/>"Are you trying to reason that man is not a reasonable being?"<BR/><BR/>;-)<BR/><BR/>"Which Spiegel article? My German is fluent, just in case."<BR/><BR/>http://www.spiegel.de/wirtschaft/0,1518,544225,00.html<BR/><BR/>Note that in the meantime, another article is out discussing the widely divergent opinions on the issue.<BR/><BR/>http://www.spiegel.de/wirtschaft/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85359337772350875512008-03-30T16:50:00.000-04:002008-03-30T16:50:00.000-04:00François,Are you trying to reason that man is not ...François,<BR/><BR/>Are you trying to reason that man is not a reasonable being?<BR/><BR/>Which Spiegel article? My German is fluent, just in case.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77049344474824899892008-03-30T16:48:00.000-04:002008-03-30T16:48:00.000-04:00Anon 856397:The Odd Crop Prices article was in a D...Anon 856397:<BR/><BR/>The Odd Crop Prices article was in a Debt Rattle earlier this week.<BR/><BR/>And no, no liquidity crunch, a food crunch.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80712446802913176452008-03-30T16:28:00.000-04:002008-03-30T16:28:00.000-04:00Hello,Ilargi:"the notion of man as an animal drive...Hello,<BR/><BR/>Ilargi:<BR/>"the notion of man as an animal driven by reason."<BR/><BR/>Do you think many people adhere to that? I have often thought that people will consent to exercise reason if it suits a particular purpose or situation, otherwise...<BR/><BR/>And the willingness decreases as the awaited reward recedes into the future (receding horizons?). A further factor is whether the rewardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40720370789901835702008-03-30T16:21:00.000-04:002008-03-30T16:21:00.000-04:00Perhaps instead of telling clients "It's you and u...Perhaps instead of telling clients "It's you and us" UBS should be telling them "It's U and BS."Rickhttps://www.blogger.com/profile/14724736418456262462noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-14083044854993590862008-03-30T16:19:00.000-04:002008-03-30T16:19:00.000-04:00Odd Crop Prices Defy Economics"Whatever the reason...<A HREF="http://www.nytimes.com/2008/03/28/business/28commodities.html?ex=1207281600&en=5a0eb88e535c8f51&ei=5040&partner=MOREOVERNEWS" REL="nofollow">Odd Crop Prices Defy Economics</A><BR/><BR/>"Whatever the reason, the price for a bushel of grain set in the derivatives markets has been substantially higher than the simultaneous price in the cash market."<BR/><BR/>could this be the very sign of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71982687963585927632008-03-30T15:44:00.000-04:002008-03-30T15:44:00.000-04:00I believe that as we speak, there is a segment of ...I believe that as we speak, there is a segment of the powers that be 'elite' on this planet that actively hold the position that if they could just eliminate 90pc of the human population, that there would be plenty of stuff left for the 10pc that survived. I believe that they will actively pursue any and all strategies to make that occur. <BR/><BR/>Bio, nuclear, intentional starvation, etc...you Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3511858206970902202008-03-30T14:57:00.000-04:002008-03-30T14:57:00.000-04:00Grey,I think talking about "how many people the ea...Grey,<BR/><BR/>I think talking about "how many people the earth could sustain" is little more than dabbling in some out there sort of romanticized religion, brought on by the refusal to recognize who we are. <BR/><BR/>Or, alternatively, a lawnchair theory meant to trick ourselves into staying indoors, in order to not poke our heads through the doors and windows of our abodes, while telling Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25446687301726274822008-03-30T14:06:00.000-04:002008-03-30T14:06:00.000-04:00Anon (and Ilargi),Given that past societies existe...Anon (and Ilargi),<BR/><BR/>Given that past societies existed without fossil fuels, it is completely possible for a society to exist with alternative energy sources. So what is the <B>real</B> problem? Overpopulation coupled with a world view within current civilization that hinges on infinite growth.<BR/><BR/>Planet earth can only support something far less than the current population. EstimatesGreyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39241184708119022882008-03-30T13:22:00.000-04:002008-03-30T13:22:00.000-04:00Anon 846534,It won't work out that way, there'll b...Anon 846534,<BR/><BR/>It won't work out that way, there'll be no next bubble, because the model is broken. The amount of debt that financed this last bubble has been dozens, if not hundreds, of times bigger than all the others, both in absolute and in relative terms.<BR/><BR/>Besides that, we are fast running out of the natural resources, not least of which is energy, to fuel such a bubble. Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76374750931760068892008-03-30T12:56:00.000-04:002008-03-30T12:56:00.000-04:00To this economic outsider's eyes all this business...To this economic outsider's eyes all this business looks like a party was held and the price will be paid by foreign investors and US taxpayers. Things will then slide into the next bubble maybe alternative energy and such and things will proceed, business as usual. Likely wrong about this somewhat 'optimistic' outcome but would like to know why.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88486077051590593472008-03-30T11:50:00.000-04:002008-03-30T11:50:00.000-04:00Musashi,The big depositories are just as over-leve...Musashi,<BR/><BR/>The big depositories are just as over-leveraged as anyone else, though not as much as hedge funds. And don't forget that Glass-Steagall's demise allowed them to branch far beyond their core business. At a 50% haircut, and with all assets marked-to-market, there won't be much left on Wall Street. It'll be like the effect of a smart nuke: only the buildings remain.<BR/><BR/>What IIlargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73041047440613568452008-03-30T11:33:00.000-04:002008-03-30T11:33:00.000-04:00See comment from yesterday that was posted while y...See comment from yesterday that was posted while you posted this.<BR/><BR/>It also relates to what Whitney says.<BR/><BR/>The way to unwind it without blowing up is to eliminate leverage.<BR/><BR/>If the big depositories have to write off 50% it is survivable, problem is the leveraged IB's are history. <BR/><BR/>They should be wiped out as should be their management, stockholders and all the VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.com