tag:blogger.com,1999:blog-4921988708619968880.post8862274747585229487..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, June 18 2008: The Role of the Hapless TwitIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-4921988708619968880.post-65815302412687554852008-06-19T18:08:00.000-04:002008-06-19T18:08:00.000-04:00Hello,Neither do I doubt Illargi's intentions and ...Hello,<BR/><BR/>Neither do I doubt Illargi's intentions and I certainly intend to stay.<BR/><BR/>The exasperation felt toward some people (mother, one brother) is enough to make me simply step back. I ply them with data from time to time and then let it sit. You can bring a horse to water...<BR/><BR/>Ciao,<BR/>FrançoisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34615694137846490732008-06-19T13:12:00.000-04:002008-06-19T13:12:00.000-04:00I doubt it was Ilargi's intention to insult his re...I doubt it was Ilargi's intention to insult his readers though I know when I am angry about work I sometimes snap at the ones I love best in all the world. Even if the intent was to call me a twit (I hope I am at least an upperclass twit :) I will continue to read this blog. I'll take the truth however I can get it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21870639754869908872008-06-19T12:36:00.000-04:002008-06-19T12:36:00.000-04:00Well Francois, I'd say it appears that Ilargi thin...Well Francois, I'd say it appears that Ilargi thinks we are all twits. This is not the first time such name calling has been directed at his own readers and its tiresome. I've already started to look elsewhere for economic news and more name calling of the very people reading this blog is only going to encourage that process.<BR/><BR/>Ilargi, I don't know if that is what you intended but it's Greyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3098103051070126932008-06-19T11:40:00.000-04:002008-06-19T11:40:00.000-04:00Thanks for all the interesting articles, Illargi.F...Thanks for all the interesting articles, Illargi.<BR/><BR/>From the one about the plummeting money supply in the UK, there is a point I don't understand:<BR/>'The Bank of England says the overall M4 figure - growing at 11.1pc - is distorted by strains in the interbank markets. Once this effect is stripped out, the M4 growth rate is down 16pc a year ago to 4.5pc in the first quarter.'<BR/><BR/>CanUnknownhttps://www.blogger.com/profile/12866460885799093297noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16741756422044523182008-06-19T10:19:00.000-04:002008-06-19T10:19:00.000-04:00ilargi, it looks like dark_matter has a winner for...ilargi, it looks like dark_matter has a winner for us in the "what does Dylan mean" contest. Love that runner up of bike mechanic's two brothers, but don't think winds would howl at their approach.<BR/><BR/>Googled and found this:<I><BR/><BR/>The Hopi Prophecy Rock shows ‘two heart men’ as well. This means that we will ultimately learn to think with our hearts (our intuitive, sensitive, feeling Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57364231709659962202008-06-19T10:08:00.000-04:002008-06-19T10:08:00.000-04:00Ha! Speaking of people not listening I've received...Ha! Speaking of people not listening I've received some feedback from my call out yesterday. the responses range from pity to ridicule. In summary recipients of my call say, " I'm not worried. Be happy,don't worry." <BR/>Ilargi, I can relate to how you feel when you have invested so much more. Also appreciate your point about what information is forming policy. Makes sense that it is credit and scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21797561206487746862008-06-19T09:09:00.000-04:002008-06-19T09:09:00.000-04:00Hello Scandia,The lack of shoes struck me too. Fun...Hello Scandia,<BR/><BR/>The lack of shoes struck me too. Funny what people pick up on.<BR/><BR/>Ilargi, I understand hapless, but do you truly think that your readers are twits? Would we be here from day one if that were the case?<BR/><BR/>I understand the frustration in trying to put the information across, precisely because I have felt the same frustration for months. Sometimes, people simply Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79613321575532144652008-06-19T08:46:00.000-04:002008-06-19T08:46:00.000-04:00What we need is to ImagineWhat we need is to <A HREF="http://www.youtube.com/watch?v=jEOkxRLzBf0&feature=related" REL="nofollow"> Imagine</A>Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72622653961910903852008-06-19T04:41:00.000-04:002008-06-19T04:41:00.000-04:00crystalradio,enjoyed that serving of Dylan...how a...crystalradio,enjoyed that serving of Dylan...how about another Dylan line, " How many times must a man turn his head and pretend he just doesn't see..."scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-46945857086379942832008-06-19T04:12:00.000-04:002008-06-19T04:12:00.000-04:00Ilargi and Stoneleigh, Just been reading the annou...Ilargi and Stoneleigh, Just been reading the announcement that the UK elected gov't is handing new powers to the Bk of England.The press release says that the Bank, not the gov't, is now responsible for managing the economy. Is there not something amiss here when the elected by the people hand over control to the unelected appointees. England's central bank has been trading taxpayer's money for scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43678411066355929102008-06-19T01:13:00.000-04:002008-06-19T01:13:00.000-04:00Hmmm, sound sorta like the two brothers, of course...Hmmm, sound sorta like the two brothers, of course any comparison between Christian bible prophecy interpretation passed down mouth to ear for centuries from Native American is just a coincidence ;)<BR/><BR/>Dark Matter, have you ever seen an image or replication of what is called Prophecy Rock on the Hopi Reservation..<BR/><BR/>I know many of you are atheist here, and those that post on the bicycle mechanichttps://www.blogger.com/profile/17008971495294158347noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87599686524394337262008-06-19T00:33:00.000-04:002008-06-19T00:33:00.000-04:00The Book of Revelations says"I looked, and there b...The Book of Revelations says<BR/><BR/>"I looked, and there before me was a pale horse! It's rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine, and plague, and by the wild beasts of the earth." <BR/><BR/>My guess is the two riders were Death and Hades.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44121246641786474112008-06-19T00:24:00.000-04:002008-06-19T00:24:00.000-04:00Ilargi,Perhaps Dylan was referring to Native Ameri...Ilargi,<BR/><BR/>Perhaps Dylan was referring to Native American prophecy.<BR/><BR/>There are the two "brothers" that guard each pole of the earth, and one day they will unite.<BR/><BR/>The Hopi have "the one true white brother", but there is more to it than that, he will have a "helper".<BR/><BR/>the best advice a friend once gave me<BR/><BR/>"don't worry be Hopi".<BR/><BR/>The Hopi are amazing bicycle mechanichttps://www.blogger.com/profile/17008971495294158347noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17492825059974296702008-06-18T23:41:00.000-04:002008-06-18T23:41:00.000-04:00Thanks CrystalSince Dylan was always very strong o...Thanks Crystal<BR/><BR/>Since Dylan was always very strong on his bibles and mythologies, I have often wondered what he meant by the last lines:<BR/><BR/><I>Two riders were approaching, the wind began to howl.</I><BR/><BR/>There are four horsemen, and Dylan knows it. Where did he mean to leave the other two?Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83468895660271096152008-06-18T20:56:00.000-04:002008-06-18T20:56:00.000-04:00sounds like time for a bit of jimmy Hendrix and al...sounds like time for a bit of jimmy Hendrix and <A HREF="http://www.youtube.com/watch?v=BCwCBh0z3Hs&feature=related" REL="nofollow">all along the watchtower</A><BR/><BR/>that's for you ilargi I would have linked <A HREF="http://www.youtube.com/watch?v=XRbeUnn-AUA" REL="nofollow">Mr Tambourine Man</A> but It was nearly supper time and on an empty stomach I couldn't handle a young fuzzy bunny Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-52065754256744155652008-06-18T20:52:00.000-04:002008-06-18T20:52:00.000-04:00Anon- "I would say execute your preparations as so...Anon- "I would say execute your preparations as soon as possible, while you still can. There is no guarantee ..."<BR/><BR/>I agree. not only availability could be a problem; but people could suddenly start scrambling for desirable stuff- and make it hard to get. We know what we can do today- tomorrow is looking like a crapshoot.Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60185050381583864432008-06-18T20:04:00.000-04:002008-06-18T20:04:00.000-04:00I think I have been in shock all day with the real...I think I have been in shock all day with the realization that is it "SHOW TIME !", not an audition, not a rehearsal... My response to the shock is to focus on a minute detail of the horror. In my case, I have been obsessing about a detail in the Depression photos. Nobody is wearing any shoes! Dirty feet! Yuk! Its one thing to walk the earth, the fields, the woods, country roads and ditches! scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62450390620015266842008-06-18T19:54:00.000-04:002008-06-18T19:54:00.000-04:00Anon,I would say execute your preparations as soon...Anon,<BR/><BR/>I would say execute your preparations as soon as possible, while you still can. There is no guarantee out there that any of what you want will become cheaper, let alone more easily accessible and/or available in the future.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42645692244541842712008-06-18T19:50:00.000-04:002008-06-18T19:50:00.000-04:00shargash,Oil and and its scarcity, pricing and inv...shargash,<BR/><BR/>Oil and and its scarcity, pricing and investment policies play but a minor role so far in global economics. That role will increase in the years to come, but for now it's credit policy and its influence on housing and monetary markets that play the lead. <BR/><BR/>Gas prices grab headlines simply because they are an everyday issue, and almost nobody is equipped to understand Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30339552852347254372008-06-18T19:40:00.000-04:002008-06-18T19:40:00.000-04:00Bicycle,The banks are not setting home prices. The...Bicycle,<BR/><BR/>The banks are not setting home prices. They wish. They can't afford to hold all that property in their books. The homes will still have to be sold at some point, and who will then have the money to buy them? Other banks?Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83435259367672046752008-06-18T19:37:00.000-04:002008-06-18T19:37:00.000-04:00I'm glad to see a bunch of people picked up on the...I'm glad to see a bunch of people picked up on the message of that first article by Evans-Pritchard.<BR/><BR/>If and when a credit strategist for one of the world's largest banks says that clients need <I>"to brace for a full-fledged crash in global stock and credit markets<B> over the next three months</B>"</I>, I'd say it's time to pay attention.<BR/><BR/>We have of course said the same thing Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33632821338978531722008-06-18T18:29:00.000-04:002008-06-18T18:29:00.000-04:00I think it was cj ? who recently asked about timin...I think it was cj ? who recently asked about timing. Now is the time or to borrow a phrase from Obama, " this is the moment", " this is our moment". Whatever get on with the preparations. <BR/>I spent some hours to-day warning friends and family again. I sent them the Telegraph article. This was my last call out so to speak. I'm busy now getting my affairs in order.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48464839585524284572008-06-18T16:12:00.000-04:002008-06-18T16:12:00.000-04:00Stoneleigh or anyone,I'd like your opinion of whet...Stoneleigh or anyone,<BR/>I'd like your opinion of whether it would be best to do preparations such as solar hot water, PV's, additional insulation, household appliance changes, etc. before or after this economic downturn hits. I suspect many businesses will be going bust. On the one hand, one could save money after deflation hits. On the other hand, if too many systems have broken down the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2942513067752128842008-06-18T15:47:00.000-04:002008-06-18T15:47:00.000-04:00I believe that we are seeing two (somewhat related...I believe that we are seeing two (somewhat related) types of falling demand for petroleum: (1) Forced energy conservation as importers bid for declining oil exports and (2) Declining demand due to less economic activity. <BR/><BR/>It is a horserace between the two, but the key point to remember is that our model, recent case histories, two years of EIA data, and very recent data from places westexashttps://www.blogger.com/profile/13648669299354997219noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-23867451199646764702008-06-18T13:49:00.000-04:002008-06-18T13:49:00.000-04:00"Ultimately, the bank expects the oil price spike ..."Ultimately, the bank expects the oil price spike to subside as the more powerful force of debt deflation takes hold next year."<BR/><BR/>This is a likely scenario, perhaps the most likely. What is key are 3 factors: (1) how bad the downturn is going to be, (2) to what extent the downturn affects capital invested in oil production, and (3) how much production comes offline as the world economy Anonymousnoreply@blogger.com