tag:blogger.com,1999:blog-4921988708619968880.post3418790791438852737..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: November 5 2010: QE2 is fooling youIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger94125tag:blogger.com,1999:blog-4921988708619968880.post-72383287506511187112010-11-08T14:15:09.920-05:002010-11-08T14:15:09.920-05:00New post up.
We'll Need The Courage Of Our F...New post up.<br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2010/11/november-8-2010-well-need-courage-of.html" rel="nofollow"><b></b>We'll Need The Courage Of Our Forefathers</a><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44288411224375181842010-11-08T14:04:45.046-05:002010-11-08T14:04:45.046-05:00I'm sure a lot of you have noticed that most o...I'm sure a lot of you have noticed that most of the QE money is going into foreign markets and driving up prices of commodities.<br /><br />In general ... to stock markets and gold.<br /><br />Therefore, if QE stops then markets fall. <br /><br />Then we will get a flash exposure of reality.<br /><br />YuK! Gross!<br /><br />jaljalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18583363670059875262010-11-08T13:00:57.128-05:002010-11-08T13:00:57.128-05:00@M,
It almost sounds like you have a chip on your ...@M,<br />It almost sounds like you have a chip on your shoulder about working with your hands. Many women find it clever & sexy to boot. I think the problem is formal education. Our kids are still being drafted in college prep classes so that they can be shuffled off to University to feed the machine. How many more years of graduating with a 100,000 note and no job will it take before anyone Lindahttps://www.blogger.com/profile/15691388297498844536noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-56618371564379743462010-11-08T12:56:57.566-05:002010-11-08T12:56:57.566-05:00@Ben, re: Lira's scenario
As stated in this p...@Ben, re: Lira's scenario<br /><br />As stated in this podcast, Gonzalo Lira forgets that the dollar, being the reserve currency of the world + 4 other points, means that hyper inflation of the dollar is impossible. Enjoy. http://c2.libsyn.com/media/24021/Episode_69_-_The_Argument_Against_Hyperinflation_with_Erik_Townsend.mp3<br />Stoneleigh was a guest of Steve Patterson's as well. I ghpacifichttps://www.blogger.com/profile/09829514410903378217noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53325013137888385962010-11-08T12:23:21.966-05:002010-11-08T12:23:21.966-05:00This just in:
Is An ATM Cash Shortage Coming?[ZH]
...This just in:<br /><a href="http://www.zerohedge.com/article/atm-cash-shortage-coming" rel="nofollow">Is An ATM Cash Shortage Coming?</a><b>[ZH]</b><br /><br />So just maybe Stoneleigh's advice to keep a few week's worth of currency around is sound. When it becomes common knowledge, you won't be able to do it any more.Jim Rhttps://www.blogger.com/profile/17419179432204743768noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-86016413136331740752010-11-08T11:55:12.976-05:002010-11-08T11:55:12.976-05:00@logout...one of the " rascals".@logout...one of the " rascals".scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9965948228815866742010-11-08T11:21:16.878-05:002010-11-08T11:21:16.878-05:00Draft
Along with several of those graph up-ticks...Draft <br /><br />Along with several of those graph up-ticks wasn't it in October sometime that Bernanke started talking up another injection of stimulus? <br /><br />Anyway maybe this <a href="http://www.youtube.com/watch?v=r31hV_BPFf0" rel="nofollow"> young fellow</a> will make everything clear for us:)scrofuloushttps://www.blogger.com/profile/01085471693372823086noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18397840434404651092010-11-08T11:14:25.401-05:002010-11-08T11:14:25.401-05:00@Ben, re: Lira's scenario
My not-very-well-in...@Ben, re: Lira's scenario<br /><br />My not-very-well-informed guess on why Lira might be wrong is that I can't imagine the move into commodities that he predicts will last long. At some point, the commodities have to be used (eaten, or put into gas tanks) and the demand for that is going down (because the end consumer is going broke). Denninger calls this "margin compression", Kahttps://www.blogger.com/profile/05667147292403648981noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49726432892421327332010-11-08T10:13:32.034-05:002010-11-08T10:13:32.034-05:00So today Business Insider is making this claim:
S...So today Business Insider is making this claim:<br /><br /><a href="http://www.businessinsider.com/signs-the-double-dip-is-dead-2010-11" rel="nofollow">Signs the Double Dip is Dead</a><br /><br />My contrarian sense says he's wrong and that his claim is a sign that bulls are too confident. On the other hand, the data he cites is fairly broad-based and has seemingly turned positive recently.Drafthttps://www.blogger.com/profile/06476204907199270127noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-23915286156073332922010-11-08T09:39:19.508-05:002010-11-08T09:39:19.508-05:00@ bill h
The on-air talent and by-lined reporters...@ bill h<br /><br />The on-air talent and by-lined reporters of the MSM do as they are told. Their bosses are as deep into the bezzles as anybody. They say 600 because it is a less scary number than 900. It's also less than the 750 billion TARP. So, it appears like we must be making progress.Phlogiston Água de Beberhttps://www.blogger.com/profile/16269917130349144430noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67311077059486370732010-11-08T09:20:03.292-05:002010-11-08T09:20:03.292-05:00There are many pieces that need your undivided att...There are many pieces that need your undivided attention.<br /><br />If you are going to close BofA and start the prosecutions you will need a lot of money ... QE2.<br /><br />Somebody got ahead of the curve and figured out how to stop the gov. regulators and B. black, from being able to have the financial means of closing down the frauds.<br />Put backs, buy backs, fines etc. will need the jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-84090345509767040792010-11-08T09:19:15.479-05:002010-11-08T09:19:15.479-05:00Thanks, Ilargi and I.M. Nobody, for clarifying why...Thanks, Ilargi and I.M. Nobody, for clarifying why this is actually a $900 billion bail-out. What interests me is why the MSM, regardless of political slant, have spun it as $600.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62206581901922408702010-11-08T07:30:07.720-05:002010-11-08T07:30:07.720-05:00@M 12.18 and Dan 3.01
Great observation M, mirror...@M 12.18 and Dan 3.01<br /><br />Great observation M, mirrors my own experience as a tradesman, eloquently and graciously responded to by Dan, proving once again the class of TAE commentariat. ( minus the occasional cretin :-) ) <br /><br />Z.zanderhttps://www.blogger.com/profile/15352619368764868819noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40744678619848009992010-11-08T07:09:31.588-05:002010-11-08T07:09:31.588-05:00Here's an interesting story.
http://www.bloom...Here's an interesting story.<br /><br />http://www.bloomberg.com/news/2010-11-04/hooters-shows-why-deflation-may-never-go-away-william-pesek.html<br /><br /><i>It’s all a far cry from the bubble years when fat expense accounts and surging wages supported a thriving entertainment industry. A group of businessmen could easily drop $2,000 at a hostess club in Ginza, Akasaka or Roppongi. The Unknownhttps://www.blogger.com/profile/07317858463978974538noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-36573747881234747402010-11-08T04:07:31.247-05:002010-11-08T04:07:31.247-05:00Zoellick seeks gold standard debate
“The scope o...<a href="http://www.ft.com/cms/s/0/eda8f512-eaae-11df-b28d-00144feab49a.html#axzz14gDaj9ER" rel="nofollow">Zoellick seeks gold standard debate</a><br /><br /><i><br />“The scope of the changes since 1971 certainly matches those between 1945 and 1971 that prompted the shift from Bretton Woods I to II,” Mr Zoellick writes. “Although textbooks may view gold as the old money, markets are using gold Nassimhttps://www.blogger.com/profile/18014132282872515690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85112161736412485352010-11-08T02:48:42.208-05:002010-11-08T02:48:42.208-05:00When LG some weeks ago posted an excerpt from Gonz...When LG some weeks ago posted an excerpt from Gonzalo Lira's hyperinflationary scenario, and requested a response from Stoneleigh,I assumed he was simply setting-up the pins for her to knock down. The strike never came as I recall and it turns out now that the incomparable LG has decided the 'run on treasuries and flight into commodities' scenario is quite possible and should also be benhttps://www.blogger.com/profile/07338619620804720116noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29142521810708134032010-11-07T23:41:16.812-05:002010-11-07T23:41:16.812-05:00Awesome commentary today. I especially enjoyed.......Awesome commentary today. I especially enjoyed....carrying hod up a scaffold in the scorching summer heat. Been there. Done that.ogardenerhttps://www.blogger.com/profile/16062788838505530416noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44692054506297886402010-11-07T22:53:05.221-05:002010-11-07T22:53:05.221-05:00Charlie Rose interview excerpt March 4, 2010
Cha...<a href="http://www.charlierose.com/view/interview/10895" rel="nofollow">Charlie Rose interview excerpt March 4, 2010</a><br /><br /><br />Charlie Rose: Joe Stiglitz, who you know was here last night, basically says that he fears we will see a double-dip recession. So the economy has to do with inventory, has to do with the end of the stimulus, has to do with a whole range of issues; Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15947660213279119602010-11-07T22:33:18.944-05:002010-11-07T22:33:18.944-05:00The Harper gov't is at it again. Peter McKay i...The Harper gov't is at it again. Peter McKay is set to break the promise made by the Harper gov't to the Cdn people, that promise being troops would be withdrawn from Afganistan in 2011. McKay now proposes an extension to 2014. Jesu Cristo!!! Time for a vote of non confidence!Time for us to bang the sauce pan lids a la Iceland.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87500585186760974612010-11-07T21:33:04.988-05:002010-11-07T21:33:04.988-05:00Greenpa said...
ah, here we go. Another shoe drop...Greenpa said...<br /><br /><i>ah, here we go. Another shoe drops.<br /><br />http://www.bbc.co.uk/news/uk-politics-11704765<br /><br />"Long term unemployed will be forced to work."<br /><br />Proposed. How long will it be before identical proposals are made in the US?</i><br /><br /><br />All that's needed is to resurrect the idea of the welfare queen driving a Cadillac. From theresoundOfSilencehttps://www.blogger.com/profile/13710900939537685362noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39363689942597856152010-11-07T21:06:41.883-05:002010-11-07T21:06:41.883-05:00Now that the FED has called dibs on treasuries for...Now that the FED has called dibs on treasuries for the next year, what lever is left to pull to lever up the dollar? It has to be oil, and China will be forced to pull long and hard on that lever if it wants to keep the music going. I expect a rally in oil and dollars and see little the US can do about that. This move will be dictated by policy and not economics.PineappleCowardhttps://www.blogger.com/profile/08701099502425218685noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90686003783900088862010-11-07T20:04:39.379-05:002010-11-07T20:04:39.379-05:00@ bill h
I believe what Ilargi was trying to say ...@ bill h<br /><br />I believe what Ilargi was trying to say is that $600B will be new money. The Fed is expecting to receive about $300B from the retirement of MBS. They intend to use that money to buy Treasuries.<br /><br />The $300B counts as QE because normally they would destroy it. Thus removing it from the money supply and returning it to thin air, from whence it originally came. Thus the Phlogiston Água de Beberhttps://www.blogger.com/profile/16269917130349144430noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49407597882180638742010-11-07T19:11:40.141-05:002010-11-07T19:11:40.141-05:00"bill h said...
I'm confused as to how la...<i>"bill h said...<br />I'm confused as to how large QE2 actually is. Most of the media are talking about $600, but Ilargi states $900, as does at least one of the articles he posts."</i><br /><br />The difference is the amount of recycling (regurgitating?!), using what comes in to buy more.<br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39847647307969440502010-11-07T18:00:46.310-05:002010-11-07T18:00:46.310-05:00But the people say, that changing is Death, becaus...But the people say, that changing is Death, because the body is dissolved, and the Life goeth into that which appeareth not.<br /><br />By this discourse, my dearest, I affirm as thou hearest. That the World is changed, because every day part thereof becomes invisible, but that it is never dissolved.<br /><br />And these are the Passions of the World; Revolutions and Occultations, and Revolution Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16009226529967696972010-11-07T17:52:28.063-05:002010-11-07T17:52:28.063-05:00Steve from Virginia said...
The long emergency st...Steve from Virginia said...<br /><i><br />The long emergency starts at the bottom and will work its way up. I can envision 20% of households, the real and statistical units, disappearing over a couple of years. Poof. For them the emergency is made real but they are the invisible people. The culture is already on board with this, there will be no protest. The probability of some definite economic Phlogiston Água de Beberhttps://www.blogger.com/profile/16269917130349144430noreply@blogger.com