tag:blogger.com,1999:blog-4921988708619968880.post3003164080558078263..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, April 22 2008: Rien ne va plusIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-4921988708619968880.post-7804366418852610632008-04-23T13:32:00.000-04:002008-04-23T13:32:00.000-04:00Bigelow,In short, I agree with Mish's take on Doug...Bigelow,<BR/><BR/>In short, I agree with Mish's take on Doug Noland's article. I put Mish's piece in today's Debt Rattle and I'll comment on it there.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60977695284974727312008-04-23T12:09:00.000-04:002008-04-23T12:09:00.000-04:00FWIW, Ilargi and I never delete anything that isn'...FWIW, Ilargi and I never delete anything that isn't obviously spam. Also, editing comments (as someone one asked if we did) isn't even possible in this format.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57624535801087895962008-04-23T12:04:00.000-04:002008-04-23T12:04:00.000-04:00Ilargi is on the road at the moment and I'm trying...Ilargi is on the road at the moment and I'm trying to figure out how to put up today's Debt Rattle. Please bear with me - computers are not my forte.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80087044488855956412008-04-23T12:02:00.000-04:002008-04-23T12:02:00.000-04:00Goritsas,You're right that the 'publish' link at t...Goritsas,<BR/><BR/>You're right that the 'publish' link at the bottom of the preview box isn't working. I noticed that recently as well. For the time being, use the orange 'publish your comment' box near the top right-hand side.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68137221059005545302008-04-23T11:59:00.000-04:002008-04-23T11:59:00.000-04:00By 'hot money' I mean large speculative financial ...By 'hot money' I mean large speculative financial flows - money that floods into a market chasing momentum and then leaves just as quickly, pulling the plug behind it. For example, Mexico lost a quarter of its reserves in six hours as money was pulled out of the country by those who had got wind of the coming peso crisis. Capital is so mobile and can react so quickly that real systems can be Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77531074276981214832008-04-23T11:57:00.001-04:002008-04-23T11:57:00.001-04:00I really want to understand this. Doesn't sound li...I really want to understand this. Doesn't sound like they are that far apart.<BR/><BR/>Shedlock comments on Noland’s recent “Setting the Backdrop for Stage Two” in <A HREF="http://globaleconomicanalysis.blogspot.com/2008/04/deflation-in-fiat-regime.html" REL="nofollow"> Deflation In A Fiat Regime?</A><BR/><BR/>“I was asked by professor Lance Lewis (and many others) to reply to on a post by Doug Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78697526370446940642008-04-23T11:57:00.000-04:002008-04-23T11:57:00.000-04:00ilargi,Houston, you may have a problem. Using the ...ilargi,<BR/><BR/>Houston, you may have a problem. Using the link "publish this post" at the bottom of the "review this post" submit doesn't seem to work. If one scrolls back up to the top of the page and uses the bright orange publish button all is well.goritsashttps://www.blogger.com/profile/09767556060065779629noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65130150980570095932008-04-23T11:54:00.000-04:002008-04-23T11:54:00.000-04:00ilargi,My post yesterday went south. No delete too...ilargi,<BR/><BR/>My post yesterday went south. No delete too?goritsashttps://www.blogger.com/profile/09767556060065779629noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-4667131631448314302008-04-23T11:35:00.000-04:002008-04-23T11:35:00.000-04:00no. bigelow. no deleteno. bigelow. no deleteAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33443698253588799862008-04-23T11:18:00.000-04:002008-04-23T11:18:00.000-04:00Just click on the title, Sandia--it'll take you ri...Just click on the title, Sandia--it'll take you right there. :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-81291628256836178422008-04-23T10:04:00.000-04:002008-04-23T10:04:00.000-04:00What gives? Did you delete my post?What gives? Did you delete my post?Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67380303023331968452008-04-23T07:54:00.000-04:002008-04-23T07:54:00.000-04:00Ric, Thanks for the reading tip on Narco dollars.....Ric, Thanks for the reading tip on Narco dollars...I'll ask my library to get it for me.<BR/>Anyone see the " Three amigos" photo this morning in NYTimes. With shovels digging our graves! Yikes! Whomever set up the photo-op forgot the baseball caps.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15141486802862698432008-04-22T23:02:00.001-04:002008-04-22T23:02:00.001-04:00Scandia,I'm not sure what Stoneleigh means by "hot...Scandia,<BR/>I'm not sure what Stoneleigh means by "hot money" either. <BR/><BR/>However, I believe it's important we recognize the role of organized crime in our financial systems. As the former CIA Director, William Colby, writes:<BR/><BR/>"The Latin American drug cartels have stretched their tentacles much deeper into our lives than most people believe. It's possible they are calling the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47415019313664078662008-04-22T23:02:00.000-04:002008-04-22T23:02:00.000-04:00I still see sugar cheap.I just used 175lb to feed ...I still see sugar cheap.I just used 175lb to feed bees,and it ran me 70$.I have found it at half that price ,but I have to purchase 1000 lb at a time.Which I intend to do,soon.<BR/><BR/>I have decided to try beekeeping as a sideline,as the products are needed at all times,and if develop a successful symbiosis with the little girls,my orchard,and wallet will benefit.<BR/><BR/>The food shortage snuffyhttps://www.blogger.com/profile/03978637281755386311noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-70368109789731324582008-04-22T21:46:00.000-04:002008-04-22T21:46:00.000-04:00stoneleigh, You speak of " hot money". A while bac...stoneleigh, You speak of " hot money". A while back I read an article about money laundering and its very bad affect on the financial system. I don't think you meant hot as in illegal. What do you mean by " hot "? Does anyone have any thoughts on the money laundering issue? Not that things are not complicated and opaque enough above board!scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-92063048694129218942008-04-22T18:22:00.000-04:002008-04-22T18:22:00.000-04:00Shargash,Granted supply is tight, but speculation ...Shargash,<BR/><BR/>Granted supply is tight, but speculation is nevertheless having a significant effect. Essentially, once supply becomes sufficiently tight and a fear of shortages develops, a psychological shift to a hoarding mentality develops, and that makes it much more difficult than it would otherwise be to keep the market supplied. When you add large flows of hot money to the equation, theStoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18797379816345537392008-04-22T18:07:00.000-04:002008-04-22T18:07:00.000-04:00Reading Sharon Astyk’s wonderful blog: We Regret ...Reading Sharon Astyk’s wonderful blog: We Regret to Inform You, put me in mind of our friend, George Harrison and his song Bangladesh. What would he sing now?<BR/><BR/>My friend came to me, with sadness in his eyes<BR/>He told me that he wanted help<BR/>Before his country dies<BR/><BR/>Although I couldn't feel the pain, I knew I had to try<BR/>Now I'm asking all of you<BR/>To help us save some Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-4209590646640954312008-04-22T14:28:00.000-04:002008-04-22T14:28:00.000-04:00"Calls for an end to food speculation get louder....."Calls for an end to food speculation get louder..."<BR/><BR/>This is not directed at you, Ilargi, but people's blaming high prices on speculation is just driving me nuts. If speculation were the cause of rising food prices, supply would be adequate, but people would be unable to afford the food. Rising prices reduce demand. The only effect they have on supply is to increase supply, after Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-46297948025520680472008-04-22T14:17:00.000-04:002008-04-22T14:17:00.000-04:00Well, baseball caps may not be classy, but as one ...Well, baseball caps may not be classy, but as one who has to get down and dirty with physical work in the tropics where head covering is essential, they sure are practical.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-26161969720232575412008-04-22T14:02:00.000-04:002008-04-22T14:02:00.000-04:00I think our hats say it all: baseball caps, corpor...I think our hats say it all: baseball caps, corporate logo's or cheesy sayings, one size fits all, synthetic materials, disposable, worn askew, made in China, sold at Walmart, only removed for the national anthem at games.<BR/><BR/>For comparison: fedoras, sized, wool, durable, worn with dignity, made in America, bought at a local clothes shop, removed in the presence of ladies.<BR/><BR/>This Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28065313171517337332008-04-22T13:45:00.000-04:002008-04-22T13:45:00.000-04:00_________________________________________Riddle:Wh..._________________________________________<BR/>Riddle:<BR/><BR/>Why do all the new investment bank high rise offices have sealed windows?<BR/><BR/>Answer:<BR/><BR/>Because they know their buddies at the Fed will bail out their speculation loses at taxpayer expense.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15091153880441422772008-04-22T13:07:00.000-04:002008-04-22T13:07:00.000-04:00And their hats! I'm always struck by the rapidity...And their hats! I'm always struck by the rapidity with which hats went from a necessity to entirely out of style...EBrownhttps://www.blogger.com/profile/02894676347259218501noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62629578739234937962008-04-22T11:05:00.000-04:002008-04-22T11:05:00.000-04:00Whenever you post pictures from the depression era...Whenever you post pictures from the depression era it strikes me how well dressed the men in the food lines are. Pictures of today's bread lines full of middle class people will no doubt look like white trash because that is what we have become as a nation. At least that is what I see at the grocery store.Anonymousnoreply@blogger.com