tag:blogger.com,1999:blog-4921988708619968880.post8478841514833046829..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: August 7 2009: ClownshoesIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger145125tag:blogger.com,1999:blog-4921988708619968880.post-33085877986799018402009-08-08T00:00:21.579-04:002009-08-08T00:00:21.579-04:00New post up in one minute.New post up in one minute.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51790694544565163982009-08-07T23:59:55.957-04:002009-08-07T23:59:55.957-04:00The US's main export partners are
Canada, 21....The US's main export partners are<br /><br />Canada, 21.4%; With 10% growth here, I remain optimistic, what say you Canadians? :)<br /><br />Mexico, 11.7%; Sell em more guns? <br /><br />China, 5.6%; Two ply Paper products printed from the US treasury are always in high demand<br /><br />Japan, 5.4%; I know just what they need, Ben Bernanke's guide to blowing up an economy quantitatively VKnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11358153208397421512009-08-07T23:52:02.659-04:002009-08-07T23:52:02.659-04:00Anon 9:04
With 90% of the populace (my best estim...Anon 9:04<br /><br />With 90% of the populace (my best estimate) taking the optimistic outlook, why are you so obsessed with the diverging outlook of many of this site’s posters?<br /><br />Do you want 100% of the population whistling past the graveyard?<br /><br />Walk me over the cliff with a grin on my face, do dah, do dah…<br /><br />AestheteAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25114683246235038312009-08-07T23:50:38.162-04:002009-08-07T23:50:38.162-04:00Billy Bob @ 1:09
"Would it be better to save...Billy Bob @ 1:09<br /><br /><i>"Would it be better to save my money now and then invest later in a modest wind and solar system, a few years hence? Something to power a computer, fridge, a few lights. I have no debt of any sort, other than taxes and insurance."</i><br /><br />On Stoneleigh's advice regarding my similar situation, I have just completed a 5KW PV installation. Going Taizuinoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43286732573180054372009-08-07T23:48:15.487-04:002009-08-07T23:48:15.487-04:00@ Rick
Not many people are going to be left with ...@ Rick<br /><br />Not many people are going to be left with purchasing power, so not much hope for exports.<br /><br />What does the US export anyhow?<br /><br />Industrial supplies - 29.8% Production machinery - 29.5% <br />Non-auto consumer goods - 12.4% Motor vehicles and parts - 9.3% Food, feed and beverages - 8.3%; Aircraft and parts - 6.6%<br />Other - 4.1% (2008 data)<br /><br />In a post VKnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-6441491498585231432009-08-07T23:36:02.019-04:002009-08-07T23:36:02.019-04:00So Japan was able to get twice as much export valu...So Japan was able to get twice as much export value to balance out domestic decline. My question is to whom will the United States export?Rick Jamesnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48854995182754934102009-08-07T23:31:55.078-04:002009-08-07T23:31:55.078-04:00Japan's export to GDP ratio last year was 14%,...Japan's export to GDP ratio last year was 14%, the US was around 9% and China depending on what you use as GDP was an astounding 41% or 33%.VKnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68218657576693955982009-08-07T23:26:44.216-04:002009-08-07T23:26:44.216-04:00The anons are still here, such as myself.The anons are still here, such as myself.Rick Jamesnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91425606949049106612009-08-07T23:23:46.217-04:002009-08-07T23:23:46.217-04:00Is it just me,
or does the air here feel fresher,...Is it just me, <br />or does the air here feel fresher, cleaner, <br />less humid and odoriferous . . .<br /><br />since the age when Anons ran amuck?Ventriloquisthttps://www.blogger.com/profile/17710882943614273994noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28795772379777622692009-08-07T23:19:53.609-04:002009-08-07T23:19:53.609-04:00GYC - During the Japanese example the market fell ...GYC - During the Japanese example the market fell off of its high and never recovered. In fact, over the long term it continued to trend down.Rick Jamesnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51002606352148107292009-08-07T23:13:49.127-04:002009-08-07T23:13:49.127-04:00GYC - What Mish is talking about is a decade or mo...GYC - What Mish is talking about is a decade or more where the economy stagnates, unemployment is high but stagnant. Living standards stagnate. Debt is gradually paid down. The government is runs huge chronic budget deficits during all of these years. Declines in one area of the economy are balanced by health in others (because this is what allowed Japan to even stagnate). So my questions for youRick Jamesnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3036094389842865282009-08-07T23:03:51.486-04:002009-08-07T23:03:51.486-04:00Vk,
I think mish has expained zero growth and what...Vk,<br />I think mish has expained zero growth and what that means.<br />From my own take:<br />It is like a stock that is down 50%; you need to gain 100% to get back to even. With a year of tremendous job losses, even a positive print will have to be huge and long running, it will have to make up for lost time. But that matters very little in the current thinking.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-32792530942829953742009-08-07T23:01:26.048-04:002009-08-07T23:01:26.048-04:00VK - This is exactly right. He talks this lost dec...VK - This is exactly right. He talks this lost decade crap, but then points out we are in the midst of a deflationary contraction, people are losing jobs and wages are going down. We also rely on the "consumer" for 70% of our economy. Now remind me again how we are so lucky as to have a lost decade?<br /><br />Basically this lost decade mumbo-jumbo leaves open the possibility of people Rick Jamesnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25152463417174932432009-08-07T22:56:03.658-04:002009-08-07T22:56:03.658-04:00This comment has been removed by the author.Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27480544647200572632009-08-07T22:54:32.247-04:002009-08-07T22:54:32.247-04:00@ gyc
Well Mish is saying zero growth for the for...@ gyc<br /><br />Well Mish is saying zero growth for the foreseeable future, while most on this blog reckon persistent contraction is here to stay. Zero growth implies living standards will be maintained for most like in Japan but living standards are really going to plummet.<br /><br />Mish knows these things but doesn't express them on his blog.VKnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-6461647559008499142009-08-07T22:50:14.354-04:002009-08-07T22:50:14.354-04:00I would ask where and when Mish's forcasts hav...I would ask where and when Mish's forcasts have been way off?EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12333785806900129222009-08-07T22:47:17.197-04:002009-08-07T22:47:17.197-04:00Fuser is totally correct, great post!Fuser is totally correct, great post!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51713707023359000722009-08-07T22:29:56.553-04:002009-08-07T22:29:56.553-04:00For those of you in a area where some sort of fuel...For those of you in a area where some sort of fuel is available,a "gasifier"or wood gas generator can be used with any internal combustion engine w/o computer controls.Do a Google search or follow these links. <br /><br />http://www.fao.org/docrep/T0512E/T0512e00.HTM<br /><br />http://www.woodgas.net/files/FEMA%20emergency%20gassifer.pdf<br /><br /> These are a snuffynoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-61715992995372979702009-08-07T22:04:21.918-04:002009-08-07T22:04:21.918-04:00A bond market dislocation is created when there is...A bond market dislocation is created when there is a sudden rise in the rates of newly issued fixed income securities. This means previously issued fixed income securities immediately lose value. Causes could include a rapid increase of the money supply, a lack of faith in the dollar, or a lack of faith in the issuer of the security.<br /><br />The effect would be an immediate reduction of asset Fuserhttps://www.blogger.com/profile/14727608356701069843noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37176448442423028512009-08-07T22:03:11.161-04:002009-08-07T22:03:11.161-04:00WASHINGTON, Aug 7 (Reuters) - U.S. Treasury Secret...WASHINGTON, Aug 7 (Reuters) - U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it could be breached as early as mid-October.<br /><br />"It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49666053725815400602009-08-07T21:54:06.109-04:002009-08-07T21:54:06.109-04:00"The only disaster is ignorance of the Truth&...<i>"The only disaster is ignorance of the Truth"</i><br /><br />Truth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77313088506367298692009-08-07T21:51:43.981-04:002009-08-07T21:51:43.981-04:00Bigelow - The problem is that when Mish goes on Al...Bigelow - The problem is that when Mish goes on Alex Jones he talks about bond market dislocation and currency crisis. Where is this mentioned on his blog where his clients read? Have many here heard his Alex Jones interview. Mish has to do what he has to do to survive, but that doesn't get any points from me. <br /><br />All of the obfuscation, cheating, printing, debt and all we will get isRick Jamesnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73668363901573633302009-08-07T21:46:38.867-04:002009-08-07T21:46:38.867-04:00Would someone be willing to explain what effects a...Would someone be willing to explain what effects a bond market dislocation would have?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10118327780250562902009-08-07T21:42:02.259-04:002009-08-07T21:42:02.259-04:00Looking at the Minneapolis Federal Reserve site in...Looking at the Minneapolis Federal Reserve site inflation calculator there were only a couple of short periods during the 1930s when deflation registered in their numbers, otherwise it was inflation marches on. The deflation during that depression was to "correct" the inflationary Roaring Twenties. Boy are we in trouble.Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62819040157587054772009-08-07T21:33:56.405-04:002009-08-07T21:33:56.405-04:00Mish supposedly calls for a currency crisis and bo...Mish supposedly calls for a currency crisis and bond market dislocation. That is not so far removed from the position here, it is rather a matter of timing if I have it correctly.<br /><br />There are those who think the market will seize much sooner than Stoneleigh. <br /><br />All I think I know is just because we suffered years of inflation doesn't mean there has to be a long period of Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.com