tag:blogger.com,1999:blog-4921988708619968880.post1017708492977318145..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: November 25 2011: Deleveraging: There never was another choiceIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger134125tag:blogger.com,1999:blog-4921988708619968880.post-41368937886800172162011-11-28T17:04:31.828-05:002011-11-28T17:04:31.828-05:00New post up.
Are we there yet?
.New post up.<br /><br /><br /><br /><br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2011/11/november-28-2011-are-we-there-yet.html" rel="nofollow"><b>Are we there yet?</b></a><br /><br /><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-36369785455449189252011-11-28T16:34:17.035-05:002011-11-28T16:34:17.035-05:00Fitch revises US ratings outlook to negative, but ...Fitch revises US ratings outlook to negative, but won't "resolve" the outlook for 2 years, barring "material adverse shocks".<br /><br />At that time, Fitch will flip a coin. Heads = downgrade, Tails = No downgrade.<br /><br />http://www.zerohedge.com/news/fitch-revises-us-outlook-negative<br /><br />"The Negative Outlook indicates a slightly greater than 50% chance Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15232485678666866632011-11-28T15:30:18.295-05:002011-11-28T15:30:18.295-05:00Here's a paper arguing that self-selective psy...Here's a paper arguing that self-selective psychopathic behavior and clustered sociopathy within business and banking contributed to financial collapse.<br /><br />http://www.thestar.com/opinion/editorialopinion/article/1091678--weeding-out-corporate-psychopaths<br /><br />"When presented to management academics in discussion, the Corporate Psychopaths Theory of the Global Financial Supergravityhttps://www.blogger.com/profile/16330259051452619245noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-232333414816612612011-11-28T15:22:38.856-05:002011-11-28T15:22:38.856-05:00@ TAE Daily said...
So now, we have everyone agre...@ TAE Daily said...<br /><br />So now, we have everyone agreeing to print paper for the bears to wipe their arses.<br />jaljalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-84695973659009269772011-11-28T14:51:28.639-05:002011-11-28T14:51:28.639-05:00Under-statement of the year.
(Telegraph) "An...Under-statement of the year.<br /><br />(Telegraph) "And here's some more from that President Obama meeting with EU officials. A disclaimer before you read on - <b>it's pretty light on details</b>...<br /><br />The two sides said:<br /><br />'We are committed to working together to reinvigorate economic growth, create jobs, and ensure financial stability. We will do so by taking Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18771744227813830102011-11-28T14:22:47.089-05:002011-11-28T14:22:47.089-05:00Dow up 303, S&P up 35; nothing but cherylulian...Dow up 303, S&P up 35; nothing but cherylulian skies ahead.<br /><br />Orwellian thoughts for those who claim innocence via denial or ignorance, taken from "Comfortably Numb" on the Burning Platform:<br /><br />“The mistake you make, don’t you see, is in thinking one can live in a corrupt society without being corrupt oneself. After all, what do you achieve by refusing to make moneyseychelleshttps://www.blogger.com/profile/17758362037570506475noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80931331933001246002011-11-28T13:55:52.743-05:002011-11-28T13:55:52.743-05:00Hello,
All sorts of interesting info from Germany...Hello,<br /><br />All sorts of interesting info from Germany. Spiegel just came out with an article on three options.<br /><br />1. Protocol 14. Never heard of it, but apparently, it would allow the EU, if the EP agrees, to modify the euro contract while sidestepping lengthy ratification procedures, on the condition all 27 vote for it, which is unlikely. I doubt this would fly.<br /><br />2. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71014722024979873482011-11-28T13:40:38.010-05:002011-11-28T13:40:38.010-05:00Europe's new strategy for containing the sover...Europe's new strategy for containing the sovereign debt crisis - make it impossible for officials to deny rumors.<br /><br />(Telegraph)<br /><br />"From the horse's mouth? Christine Lagarde, the head of the International Monetary Fund, throws her weight behind the unnamed denials - she says neither Italy nor Spain has made a funding request to the IMF.<br /><br />She was speaking Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-976894039691073182011-11-28T13:22:09.343-05:002011-11-28T13:22:09.343-05:00I've read those indefinite detention provision...I've read those indefinite detention provisions in sec.1031 and sec.1032 of s. 1867<br /><br />http://www.gpo.gov/fdsys/pkg/BILLS-112s1867pcs/pdf/BILLS-112s1867pcs.pdf<br /><br />The status of unpriviledged enemy belligerent [unlawful enemy combatant] may not be used to constrict the protection and facilitate the mistreatment of prisoners under the laws of war without establishing a warcrime Supergravityhttps://www.blogger.com/profile/16330259051452619245noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87606221812810312002011-11-28T13:20:23.404-05:002011-11-28T13:20:23.404-05:00Oh, yippee skippee. The judge threw the Citi sett...Oh, yippee skippee. The judge threw the Citi settlement out.<br /><br />"The court “concludes, regretfully, that the proposed Consent Judgment is neither fair, nor reasonable, nor adequate, nor in the public interest,” Rakoff wrote."<br /><br />http://tinyurl.com/82qn2mt<br /><br />That should put a kink in the markets; the herd is already very spooky.Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63115747488910333392011-11-28T13:11:41.878-05:002011-11-28T13:11:41.878-05:00Hello,
@ Scrofulous
Yes, that is the article, but...Hello,<br /><br />@ Scrofulous<br />Yes, that is the article, but it looks much shorter than the German. Just checked, the whole end of the German article is missing. The title is different too. Still, the essential parts are there. Spiegel is very good about putting up translations rapidly and I am impressed by their translator.<br /><br />@ Greenpa<br />When I say I am not German, it not to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37811732403661744812011-11-28T12:08:44.502-05:002011-11-28T12:08:44.502-05:00If anyone would care to listen to a better intervi...If anyone would care to listen to a better interview of Steve Keen with a less obnoxious interviewer heere is something from <a href="http://c-realmpodcast.podomatic.com/player/web/2011-11-16T20_01_57-08_00" rel="nofollow"> C-Realm Podcast</a><br /><br /> ... or if you are into the art and practice of circumlocution, like some, then this interview of <a href="http://www.youtube.com/watch?v=trojanhorsehttps://www.blogger.com/profile/09588557877904395571noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11204503580889240672011-11-28T11:59:54.213-05:002011-11-28T11:59:54.213-05:00FB: "Please note that I am not German."
...FB: "Please note that I am not German."<br /><br />yup, knew that. :-) But you've also previously illustrated familiarity much greater than my own.<br /><br />"Uncertainty" does make sense to me now. I suppose "unknowable" would be something like "ungewißbarkeit" :-)Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-45272749902143299552011-11-28T11:37:11.771-05:002011-11-28T11:37:11.771-05:00FB
I think this might be the English Translation,...FB<br /><br />I think this might be the English Translation, or a related article, about the 'Elite bonds' you mentioned.<br /><br /><a href="http://www.spiegel.de/international/europe/0,1518,800332,00.html" rel="nofollow">Berlin Denies Rumors of Plans for Joint 'Elite Bond'</a>trojanhorsehttps://www.blogger.com/profile/09588557877904395571noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41485069473699960522011-11-28T11:00:47.235-05:002011-11-28T11:00:47.235-05:00@ Board (& Stoneleigh)
Good Day:)
Regarding...@ Board (& Stoneleigh) <br /><br />Good Day:)<br /><br />Regarding battery storage for solar power systems:<br /><br />Most batteries have approx. 2000 charge cycles. One can store batteries on a trickle charge or by charging every month to ensure they are not depleted. Once fully depleted you run the risk of the battery becoming permanently dead.<br /><br />Are any of you storing batteries agtefchttps://www.blogger.com/profile/15469725236436142566noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72661517867014669492011-11-28T11:00:25.991-05:002011-11-28T11:00:25.991-05:00Hello,
@ Scandia
I would not take the notion of &...Hello,<br /><br />@ Scandia<br />I would not take the notion of "elite bonds" overly seriously. At least not right now. They are being announced as a means for the stronger countries to consolidate their own finances and put themselves in a position to assist the less strong. I doubt the weaker countries would receive much help. Elite bonds are probably a means to purge the euro of the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65307900599097192162011-11-28T10:34:31.678-05:002011-11-28T10:34:31.678-05:00I seem to have trouble posting today.
I think th...I seem to have trouble posting today.<br /> I think this is end-game time.When the euro goes,its going to take every fast move every entity in existence to keep the rest of the world financial centers intact.<br /> We seem to be on the brink of so many crisis,that the reaction time for "our leaders"is being stretched past their ability to respond effectively to them.<br /><br /> In snuffyhttps://www.blogger.com/profile/03978637281755386311noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7877482778013913982011-11-28T09:33:01.223-05:002011-11-28T09:33:01.223-05:00@FB...About those bonds I have been wondering how ...@FB...About those bonds I have been wondering how an " elite " bond would play out. Seems to me such an action defies reality in that it assumes a haven from contagion. How can this be in our connected global structure? <br /><br />@Greenpa...Re the Pakistan crisis I wonder how significant the closing of the supply line is? Are troops in the field impacted? Are there now troops strandedscandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18503921649912797882011-11-28T07:28:43.055-05:002011-11-28T07:28:43.055-05:00Morning Euro market update:
EUR/USD (+1%) and equ...Morning Euro market update:<br /><br />EUR/USD (+1%) and equities (+2-3%) staging a rally on two rumors that were since denied and temporary ECB buying.<br /><br />(Telegraph)<br /><br />"European markets have surged on those reports of an IMF bailout for Italy and chatter of a German-led six-nation bond issuance to raise loans for Club Med.<br /><br />The German Finance Ministry says there Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64895946343226528672011-11-28T07:24:47.190-05:002011-11-28T07:24:47.190-05:00Hello,
@ Greenpa
Concerning von Clausewitz, I th...Hello,<br /><br />@ Greenpa<br /><br />Concerning von Clausewitz, I think the word "unknowable" is too strong. "Ungewißheit" is, in my opinion, correctly translated as "uncertainty".<br /><br />However, the term "area" is poorly chosen, I think your term, "realm" is quite good.<br /><br />Please note that I am not German.<br /><br /><br />@ All<brAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89106623618217832532011-11-27T22:55:17.386-05:002011-11-27T22:55:17.386-05:00re: half life of this weekend's "game-cha...re: half life of this weekend's "game-changing" rumor [IMF bailing out Italy with "massive" loan facility]<br /><br />It was denied within a day and couldn't even make it to the Asian close. Oh well, perhaps we'll hear something about a new "bailout coalition of the willing" for Europe tomorrow. Rumor has it that Japan is planning on <a href="http://Ashhttps://www.blogger.com/profile/10873953851816670692noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-46594107025278849952011-11-27T22:45:04.856-05:002011-11-27T22:45:04.856-05:00Joe in NC said...
Roubini was great '04 - &#...Joe in NC said...<br /><br /> Roubini was great '04 - '07 explaining things like sub-prime and NINJA loans. Not sure what happened to Roubini - too much politics?<br /><br />___________________________<br /><br />Too many 20 something groupies. Really.<br /><br />I thought Roubini was a lot better than the other neoclassical morons, but never great. He always vastly underestimated the el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63906434861626393842011-11-27T21:53:06.636-05:002011-11-27T21:53:06.636-05:00Re: Steve Keen.
Steve Keen is a fantastic academi...Re: Steve Keen.<br /><br />Steve Keen is a fantastic academic. I prefer Michael Hudson as far as academics go. Both have made many contributions to help me understand the deep shit we are in. Roubini was great '04 - '07 explaining things like sub-prime and NINJA loans. Not sure what happened to Roubini - too much politics?<br /><br /><br /><br />.Joe in NChttps://www.blogger.com/profile/02182396413057310516noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37293745816428498932011-11-27T21:45:30.219-05:002011-11-27T21:45:30.219-05:00I am a big fan of Steve Keen. But if he suggests a...I am a big fan of Steve Keen. But if he suggests a limited debt Jubilee as a least worst case solution, I also would like a lot of details as to how it would work in order to evaluate the idea. And I think the interviewer was quite justified in pursuing this.<br /><br />I personally think we could wipe out a lot of the bad debt by just letting capitalism take its course, which of course would el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7623509862569061992011-11-27T20:06:49.364-05:002011-11-27T20:06:49.364-05:00Goldman succinctly explains why a concept [exiting...Goldman succinctly explains why a concept [exiting the EMU] does not have to be spelled out in a bunch of words on paper (or bits on a hard drive) before that concept has an undeniable existence in the real world.<br /><br />http://www.zerohedge.com/news/goldman-endgame-approaches-rally-aaa-euro-area-sovereign-bonds-no-longer-seems-sustainable<br /><br /><i>"Contrary to the opinion of some Ashhttps://www.blogger.com/profile/10873953851816670692noreply@blogger.com