tag:blogger.com,1999:blog-4921988708619968880.post8332434289054288901..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, November 19 2008: Full Metal CoffinIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger45125tag:blogger.com,1999:blog-4921988708619968880.post-34208868990241507762008-11-20T15:29:00.000-05:002008-11-20T15:29:00.000-05:00Whewwwwwwwwwwww!!!!!!!!!!!!!...I'm exausted..........Whewwwwwwwwwwww!!!!!!!!!!!!!...I'm exausted.........or is it deflated????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7490241940132283172008-11-20T14:46:00.000-05:002008-11-20T14:46:00.000-05:00opps - jumped the gun - only a bi-partison plan - ...opps - jumped the gun - only a bi-partison plan - wheels turning trying to get something going thoughAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-38166169852474757372008-11-20T14:37:00.000-05:002008-11-20T14:37:00.000-05:0025 b$ for auto industry (bridge loans)Hot off the ...25 b$ for auto industry (bridge loans)<BR/><BR/>Hot off the pressAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63936613132120977152008-11-20T13:55:00.000-05:002008-11-20T13:55:00.000-05:00Ilargi and Greenpa,We're poached!AhimsaIlargi and Greenpa,<BR/><BR/>We're poached!<BR/><BR/>AhimsaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17928600676915453852008-11-20T13:24:00.000-05:002008-11-20T13:24:00.000-05:00Ilargi: "I'd say I'm more often surprised that in ...Ilargi: "I'd say I'm more often surprised that in both spheres the collapse is not faster than thats is is so fast. I look at both mainly from a systems theory view, which spells very clearly that slow collapse is so exceptional that it might as well be ignored in the cases we are discussing. "<BR/><BR/>Ahha. Now that is VERY damn interesting. I had not looked at it from that perspective- and IGreenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89718562854865594722008-11-20T13:06:00.000-05:002008-11-20T13:06:00.000-05:00"What this crisis reveals is a broken financial sy..."What this crisis reveals is a broken financial system like no other in my lifetime," said former Fed chief Paul Volcker on Nov 17th. "Normal monetary policy is not able to get money flowing."<BR/><BR/>But some think that lowering rates to below zero will; that is, placing a hoarding-tax on Greenbacks will drive them out of hiding and cause a resurgence in spending. (or so some Fed governors perryhttps://www.blogger.com/profile/08981922001442716176noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-55823076787437615502008-11-20T13:05:00.000-05:002008-11-20T13:05:00.000-05:00Greenpa,"I think the internal positive feedback lo...Greenpa,<BR/><BR/><I>"I think the internal positive feedback loops are more pervasive, and more powerful, than the biggest pessimists guessed. I'm interested if that is true for you, in the economic sphere, also."</I><BR/><BR/>I'd say I'm more often surprised that in both spheres the collapse is not faster than thats is is so fast. I look at both mainly from a systems theory view, which spells Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28456670051087096122008-11-20T12:25:00.000-05:002008-11-20T12:25:00.000-05:00When it "doesn't work", they will go to negative i...When it "doesn't work", they will go to negative interest rates.<BR/><BR/>Perryperryhttps://www.blogger.com/profile/08981922001442716176noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-1962957995929785852008-11-20T12:02:00.000-05:002008-11-20T12:02:00.000-05:00Anybody see this: http://www.bloomberg.com/apps/n...Anybody see this: http://www.bloomberg.com/apps/news?pid=20601087&sid=anPQsS_15Tl4&refer=home<BR/><BR/>Has the fed ever cut interest rates to zero before? <BR/><BR/>Talk about a hail mary pass... Isn't this pretty much the nuclear option? And what happens *when* it doesn't work?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67985166400531209882008-11-20T11:31:00.000-05:002008-11-20T11:31:00.000-05:00Ilargi --This article may be of interest to reader...Ilargi --<BR/><BR/>This article may be of interest to readers<BR/><BR/>http://www.debtdeflation.com/blogs/2008/11/20/has-debt-deflation-begun/<BR/><BR/>My questions relates to the following in the article:<BR/><BR/>"A fall in the level of prices... Assuming,...that this fall of prices is not interfered with by reflation..."<BR/><BR/>How many years do you think it will take for the Fed to reflate Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27090210958413496172008-11-20T10:12:00.000-05:002008-11-20T10:12:00.000-05:00Francois,Laffer is a founding father of supply sid...Francois,<BR/><BR/>Laffer is a founding father of supply side economics, and is usually spelled Laugher, as in,"Just listening to him is a Laugher."<BR/><BR/>Today may be a bigger market route than yesterday the PPT and Allah be willing. I think the sheep are truly getting frightened and ready to rebel against their "financial advisors."el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63959302669278526382008-11-20T10:03:00.000-05:002008-11-20T10:03:00.000-05:00Hello again,Yikes. That "Americanfreepress" articl...Hello again,<BR/><BR/>Yikes. That "Americanfreepress" article (third to last) about deflation being a liberating force is a bruiser. I have rarely seen such a colletion of wild ideas.<BR/><BR/>First Laffer, then the Hülsmann fellow.<BR/><BR/>Ilargi, did you throw that in just to see if we were napping?<BR/><BR/>Ciao,<BR/>FrançoisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25151344631107046842008-11-20T09:54:00.000-05:002008-11-20T09:54:00.000-05:00Hello,"The Fed did not allow the money base to exp...Hello,<BR/><BR/><I>"The Fed did not allow the money base to expand, and we had a panic in the liquid markets," supply-side guru Arthur Laffer told a Las Vegas audience last week, "which caused this financial panic, pure and simple."</I><BR/><BR/>Am I missing something here? Or is Laffer as off the wall as he sounds?<BR/>I assume the guy is not dumb, so what is he trying to say?<BR/><BR/>On the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-32674809965752088302008-11-20T09:50:00.000-05:002008-11-20T09:50:00.000-05:00Ilargi: "Scientists" and "economists" (never confu...Ilargi: "Scientists" and "economists" (never confuse the two)"<BR/><BR/>No worries! No chance of my confusing them.<BR/><BR/>"In both cases, "experts" always catch up way late, but also in both, reality is worse then they have gotten so far. "<BR/><BR/>Very true. As I've stated on this blog before, my own opinion of the common university professor of science is pretty low- grade and degree Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79359040326190791592008-11-20T07:40:00.000-05:002008-11-20T07:40:00.000-05:00ebrown, I can relate to your thoughts on helping o...ebrown, I can relate to your thoughts on helping others as I walk about where the unemployed,homeless hang out. I like the phrase, " ...random acts of kindness..."scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-32009808298977676402008-11-20T04:41:00.000-05:002008-11-20T04:41:00.000-05:00A snapshot from the other side of the pond..We sto...A snapshot from the other side of the pond..<BR/>We store goods in a warehouse in the UK. It's three vast hangers, used to be an airfield. I was there yesterday.<BR/>"See that wall?" said the manager.<BR/>"Yep"<BR/>"I've not seen it for over twenty years"<BR/>Business is down 70%. <BR/>"I don't understand it - nobody can get anything out of China".<BR/>They also store polythene beads, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62391510530061334202008-11-20T01:17:00.000-05:002008-11-20T01:17:00.000-05:00So it's been seasonably cold out the last few days...So it's been seasonably cold out the last few days, some snow has fallen. I live and work in upstate NY. Today toward the end of my shift a guy came into the registration area (I work in an Emergency Dept.) and asked if he could warm up for a while. He had, "come from Warsaw", which is a town between 40 and 50 miles away. I don't know anything about the poor guy's story except that he EBrownhttps://www.blogger.com/profile/02894676347259218501noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33677943102077432692008-11-19T23:23:00.000-05:002008-11-19T23:23:00.000-05:00"All due respect, but where would they get the mon...<I>"All due respect, but where would they get the money to make these kinds of moves and NOT be hyperinflationary?"</I><BR/><BR/>We're not talking trillions, but a few billion here and there in the right place at the right time. Inflation is nowhere near an issue. <BR/><BR/>On a broader and largely unrelated scale, we will not have inflation for a long time to come.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2413593119316291902008-11-19T23:10:00.000-05:002008-11-19T23:10:00.000-05:00Ilargi: All due respect, but where would they get...Ilargi: All due respect, but where would they get the money to make these kinds of moves and NOT be hyperinflationary?Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31575810758936385052008-11-19T22:07:00.000-05:002008-11-19T22:07:00.000-05:00Starcade,"Ilargi: Frankly, the only reason the PPT...Starcade,<BR/><BR/><I>"Ilargi: Frankly, the only reason the PPT can't keep this market up is that it would cause immediate hyperinflation of the likes Zimbabwe would be jealous of. This entire market should be at ZERO. No value at all."</I><BR/><BR/>You have not a clue.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73941695480028674242008-11-19T21:50:00.000-05:002008-11-19T21:50:00.000-05:00ScandiaThe Bloomberg suit, to the best of my knowl...Scandia<BR/><BR/>The Bloomberg suit, to the best of my knowledge, is a Freedom of Information complaint against the Fed, not the Paulson. In my opinion, TARP is just a tactical diversion from the real action of the Grand Theft Wall Street game - which is the Fed by many multiples.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-4757791822950911922008-11-19T21:34:00.000-05:002008-11-19T21:34:00.000-05:00I just had a thought that I wish I hadn't. Paulson...I just had a thought that I wish I hadn't. Paulson says, ahem, I actually gave the money to the banks,not to support housing.<BR/> I say, ahem, but the banks aren't lending any money maybe because you didn't give the money to them either. If you did it would be easy to verify and nip the Bloomberg suit in the bud."<BR/>So, folks, were are those 350 billion dollars? On what island have the piratesscandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64047654885259812412008-11-19T21:24:00.000-05:002008-11-19T21:24:00.000-05:00Who's going to buy, at this point? Seriously... ...Who's going to buy, at this point? Seriously... Only those forced??<BR/><BR/>Ilargi: Frankly, the only reason the PPT can't keep this market up is that it would cause immediate hyperinflation of the likes Zimbabwe would be jealous of. This entire market should be at ZERO. No value at all.<BR/><BR/>TampaSteve: GM is long dead, as you state. The problem is, so are Ford and Chrysler. The Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-70025051896465056302008-11-19T20:51:00.000-05:002008-11-19T20:51:00.000-05:00Recycling crisis Ilargi has mention that shipping ...<B>Recycling crisis</B> <BR/>Ilargi has mention that shipping is coming to a grinding halt.<BR/><BR/>Here is how it is affecting you.<BR/>Blue box material was being sent to Asia for sorting and now it isn't.<BR/>http://www.cbc.ca/canada/british-columbia/story/2008/11/19/bc-recycling-industry-slowdown.html <BR/>B.C.'s recycling industry hit by global slowdownAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77006594186383809562008-11-19T20:09:00.000-05:002008-11-19T20:09:00.000-05:00Tom Sawyerhttp://en.wikipedia.org/wiki/Plunge_Prot...Tom Sawyer<BR/><BR/>http://en.wikipedia.org/wiki/Plunge_Protection<BR/>_Teamel gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.com