tag:blogger.com,1999:blog-4921988708619968880.post3223962157449288688..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: January 5 2009: Few and Far BetweenIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger57125tag:blogger.com,1999:blog-4921988708619968880.post-30385945857463410292009-01-06T14:28:00.000-05:002009-01-06T14:28:00.000-05:00Kenneth:Your #2 (widespread destruction, back to 1...Kenneth:<BR/><BR/>Your #2 (widespread destruction, back to 1709) is what I've been predicting for some time. We've lost the ability to be civil, and, when TSHTF finally, all unholy Hell is going to break loose.<BR/><BR/>That's why I am certain that, once TSHTF, I'm dead.Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85460483967109712612009-01-06T12:08:00.000-05:002009-01-06T12:08:00.000-05:00@ el gallinazo,I think maybe you misunderstood my ...@ el gallinazo,<BR/><BR/>I think maybe you misunderstood my intention with my earlier comment. In your particular comments and critiques, you do not attack a person directly but present your reasons for rejecting a certain point of view. Others, however, choose to make personal attacks on the person who asked a question and this is what I think has to stop. It can be very hard to ask a question Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-70366441784844368742009-01-06T11:26:00.000-05:002009-01-06T11:26:00.000-05:00Stoneleigh, I'd be interested in your thoughts reg...Stoneleigh, I'd be interested in your thoughts regarding the prices of fertilizers in the coming months/year/years. It's currently down, quite a lot from the peak, and to the point where producers are cutting production.<BR/><BR/>My simple guess is- it's going down, even more, in the coming months. Probably to stay, for years. Any specifics you can add would be wonderful.Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67737218579633835672009-01-06T11:15:00.000-05:002009-01-06T11:15:00.000-05:00This comment has been removed by the author.Submit your advicehttps://www.blogger.com/profile/01867890217907128363noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90066240252867175132009-01-06T10:44:00.000-05:002009-01-06T10:44:00.000-05:00This comment has been removed by the author.Submit your advicehttps://www.blogger.com/profile/01867890217907128363noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-61811450985607435302009-01-06T10:32:00.000-05:002009-01-06T10:32:00.000-05:00Kenneth,There are always counter-trend moves. This...Kenneth,<BR/><BR/>There are always counter-trend moves. This is how bear markets fleece so many so successfully. I think it is very unlikely that we've seen a bottom in oil prices.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44505943383489563632009-01-06T10:29:00.000-05:002009-01-06T10:29:00.000-05:00This comment has been removed by the author.Submit your advicehttps://www.blogger.com/profile/01867890217907128363noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-52594578448379959412009-01-06T09:50:00.000-05:002009-01-06T09:50:00.000-05:00Mugabe,As for oil prices, we have seen speculative...Mugabe,<BR/><BR/>As for oil prices, we have seen speculative flows reverse from the commodity bubble highs and now we are seeing the beginnings of demand collapse. This has much further to go, and oil producing countries will also pump flat out in order to make up their budget short-falls. These factors will continue to depress prices, but we will also begin to see the beginnings of a supply Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74266047388693748472009-01-06T09:43:00.000-05:002009-01-06T09:43:00.000-05:00Mugabe,Printing money is politically sensitive, bu...Mugabe,<BR/><BR/><I>Printing money is politically sensitive, but it's hard to say no to bailing out the people.</I><BR/><BR/>Bailouts only ever help a few insiders, however the PR department may spin things. The little guy NEVER gets bailed out. The little guys always end up being the empty bag holders.<BR/><BR/><I>It looks like a lot of shorts and sidelined cash said whoa, game has changed.</I><Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60312217533268996522009-01-06T09:22:00.000-05:002009-01-06T09:22:00.000-05:00The Gulf Cooperation Council is considering going ...The Gulf Cooperation Council is considering going live with a "Petro" currency. Could this have a dampening effect on dollar demand? <BR/><BR/>www.atimes.com/atimes/Middle_East/KA06Ak02.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64666779619950723852009-01-06T07:59:00.000-05:002009-01-06T07:59:00.000-05:00Regarding Ilargi's notes on oil prices -- probably...Regarding Ilargi's notes on oil prices -- probably it's true that the hard-up OPECkers and fellow travelers like Iran, Russia, and Venezuela will sell all they can. But consider the position of the Gulf states with cash reserves. What is the better investment right now -- a big pile of paper currency, or oil in the ground? <BR/><BR/>Regarding that paper currency:<BR/>-- your biggest pile, US Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-1951262571684479602009-01-06T07:48:00.000-05:002009-01-06T07:48:00.000-05:00That $500 billion of MBS onto the Fed balance shee...That $500 billion of MBS onto the Fed balance sheet is a big deal in my view. The world's stock markets have been flying lately, and the turn happened (by coincidence) back in December, just around the time proposals started to float about haveing the US treasury refinance a large chunk of the US mortgage base and put it on the Fed's balance sheet. There was the Fed's MBS purchase, and a schemeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17246146436536986902009-01-06T06:31:00.000-05:002009-01-06T06:31:00.000-05:00Tripwire (thanks for the link), Mugabe,I think fir...Tripwire (thanks for the link), Mugabe,<BR/><BR/>I think first of all that Weiss and Crooks provide an excellent analysis. Not surprisingly, it goes a bit astray when they start predicting. They are a little too US-centric, in my view. Sure, Europe has problems, but so does the US. And being a reserve currency is very advantageous, but only while that position lasts. Willem Buiter (see top Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48157309008203091362009-01-06T04:10:00.000-05:002009-01-06T04:10:00.000-05:00On one hand, you have Martin and Jack (mentioned a...On one hand, you have Martin and Jack (mentioned above re: deflation) predicting the "commodity currencies" of Australia, Canada, Brazil, etc. will continue to wilt because commodity prices will fall further. On the other hand, from one of the sages at CNBC Fast Money: "Joe Terranova suggests long CurrencyShares Australian Dollar Trust ETF[FXA], or CurrencyShares Canadian Dollar Trust ETF[FXC] Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25606587300508220972009-01-06T01:23:00.000-05:002009-01-06T01:23:00.000-05:00Um, is it just me, or has anyone else noticed that...Um, is it just me, or has anyone else noticed that, while the USA might be quietly pick-pocketing the world right now, when it comes down to the actual robbing, they do have the biggest guns to stick in your face....?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-32783791049942941022009-01-06T01:03:00.000-05:002009-01-06T01:03:00.000-05:00This comment has been removed by the author.Submit your advicehttps://www.blogger.com/profile/01867890217907128363noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74560904644133639332009-01-05T23:50:00.000-05:002009-01-05T23:50:00.000-05:00GW Bush: “Hank look, we have people starting to p...GW Bush: “Hank look, we have people starting to push a quid pro quo argument. The banks just can’t keep it all. What the hell were you thinking selling them shares. Now they want profits, easier credit and transparency. I put you in there to shore-up this mess and I’ll be damned if I leave office with nothin’ but a dry hole for my trouble.”<BR/>Paulson: “Boss, it’s like I told you before, Wyotehttps://www.blogger.com/profile/17639946106031416118noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-35198553458003392812009-01-05T22:26:00.000-05:002009-01-05T22:26:00.000-05:00El gallinazo (from yesterday),Yes, "The Seeds of D...El gallinazo (from yesterday),<BR/><BR/>Yes, "The Seeds of Destruction" is a great work. The following piece by William Engdahl is very informative as well:<BR/><BR/><A HREF="http://www.globalresearch.ca/index.php?context=va&aid=7529" REL="nofollow">http://www.globalresearch.ca/index.php?context=va&aid=7529</A><BR/><BR/>The evil corporations know (or delusionally think) that if they control Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42997247499845714372009-01-05T21:23:00.000-05:002009-01-05T21:23:00.000-05:00Tripwire,"There was some debate here within the pa...Tripwire,<BR/><BR/>"There was some debate here within the past couple of days about whether is was safer to stay in US dollars or to opt for a "basket" of currencies"<BR/><BR/>I made a snarky comment about it yesterday vis-a-vis Pluto, but I will make it explicit now. The thing that scares me about these baskets is that they are put together by private financial companies. For all we know, el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72561748353642805032009-01-05T20:55:00.000-05:002009-01-05T20:55:00.000-05:00Stoneleigh,Thank you. Your projection feels right...Stoneleigh,<BR/><BR/>Thank you. Your projection feels right to me.<BR/><BR/>Rototillerman<BR/><BR/>"(and I have to say I appreciate your gentleness in how you brought it up)."<BR/><BR/>Thank you for that comment. Like many buzzards, I am not known for delicacy or good manners, but I am trying and learning.<BR/><BR/>Linda S.,<BR/><BR/>Hate to contradict my last comment, but your el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16065085852571055172009-01-05T20:12:00.000-05:002009-01-05T20:12:00.000-05:00Tripwire,I would stay in USD for now. As you point...Tripwire,<BR/><BR/>I would stay in USD for now. As you point out, commodity currencies are doing poorly. In addition, currencies such as the Australian and NZ dollars are likely to suffer greatly as the yen carry trade unwinds, as they were often the other side of that trade.<BR/><BR/>I think for the time being the yen and the USD will both do well (temporary pullbacks notwithstanding), while Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39488662629602491792009-01-05T19:03:00.000-05:002009-01-05T19:03:00.000-05:00A twenty year trendline broken<A HREF="http://1.bp.blogspot.com/_ZdctlOEsqMQ/SWEd1DaBJAI/AAAAAAAABVA/_e_3eEKQSyE/s1600-h/untitled.JPG" REL="nofollow"> A twenty year trendline broken</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3860769194232527322009-01-05T18:52:00.000-05:002009-01-05T18:52:00.000-05:00Economists and Financial Writers Newest and Bigges...Economists and Financial Writers Newest and Biggest Failure ...<BR/><BR/>Our Banking System is Insolvent yet Mum's the Word!<BR/><BR/>FDR did it successfully, as did Sweden and Norway. What is it ? Bank Balance Sheet scrubbing that restored trust and solvency to the system. It is called the Swedish Plan or a Bank Holiday<BR/><BR/>As most economists and writers missed the housing bubble, now Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29944478542814787232009-01-05T18:20:00.000-05:002009-01-05T18:20:00.000-05:00Ilargi,It is not merely the message to the market....Ilargi,<BR/><BR/>It is not merely the message to the market. <BR/><BR/>Every Pharma rep, HMO, CEO, mid manager, CNA and janitor hears the words chanted repeatedly, "We are the only 'industry' that will never go out of business." <BR/><BR/>http://www.nursinglink.com/news/articles/5949-hospital-bills-woman-who-never-saw-doctor<BR/><BR/>Charity based health care may have been less efficient but atAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9005177036065906672009-01-05T18:10:00.000-05:002009-01-05T18:10:00.000-05:00"Rick said...I am amazed that you are now followin..."Rick said...<BR/>I am amazed that you are now following Mish and Denninger "<BR/><BR/>It is truly fascinating how most of life is one big Rashômon Moment where educated, intelligent, lucid and articulate people can experience the exact same situation and draw different conclusions about what happened. It reminds me of shortly after my mother had passed away and my siblings and I discussed Anonymousnoreply@blogger.com