tag:blogger.com,1999:blog-4921988708619968880.post5367089173240309880..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: February 5 2009: A King Among ClownsIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-4921988708619968880.post-19292669332077645532009-02-06T11:39:00.000-05:002009-02-06T11:39:00.000-05:00Timekeepr,Peter Schiff is a die-hard inflationist ...Timekeepr,<BR/><BR/>Peter Schiff is a die-hard inflationist and sinophile. He didn't anticipate the deteriorating situation in China, hence his clients have lost a lot of money, and they'll lose even more if they bet on inflation.<BR/><BR/>Check out our primer <I>Inflation Deflated</I> for the reasoning behind our position that's it's deflation we're facing. There's also a link there to an Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5765958221532023312009-02-06T10:55:00.000-05:002009-02-06T10:55:00.000-05:00Anon @ 10:24,"Doomsters have the apparent advantag...Anon @ 10:24,<BR/><BR/>"<I>Doomsters have the apparent advantage of arguing from a fact based model, but in reality, it is simply a projection of past events (data) to support an expectation of future trends (proof?).</I>"<BR/><BR/>If you think that's what goes on here, you haven't been reading TAE. Try again after you have.<BR/><BR/>(Kthxbye.)<BR/><BR/><BR/>Side note, I would love to be able to Unknownhttps://www.blogger.com/profile/15614205920972531674noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17259067702658644992009-02-06T10:52:00.000-05:002009-02-06T10:52:00.000-05:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/15614205920972531674noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11249197048268954792009-02-06T10:43:00.000-05:002009-02-06T10:43:00.000-05:00At times the headlines are simply indigestable1 Ha...At times the headlines are simply indigestable1 Have you seen the photo of Tony Blair kissing Michelle as he is the guest speaker at the breakfast prayer meeting in Washingon.How reassuring that policy will be formed by the preacher man over breakfast.<BR/>My question is who made Blair the poster boy for " The Devout Man"!scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-1797225139624597032009-02-06T10:42:00.000-05:002009-02-06T10:42:00.000-05:00@Ilargi - "That statement has no value without dat...@Ilargi - "That statement has no value without data and proof. You may have noticed the faith based state I commented on in the intro today. And no, the odds are not on that outcome. Your faith may be."<BR/><BR/>Doomsters have the apparent advantage of arguing from a fact based model, but in reality, it is simply a projection of past events (data) to support an expectation of future trends (proofAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10530600855459938202009-02-06T10:25:00.000-05:002009-02-06T10:25:00.000-05:00"Naomi Klein: Public Revolt Builds Against Rip-off..."Naomi Klein: Public Revolt Builds Against Rip-off Rescue Plans for the Economy"<BR/><BR/>http://www.alternet.org/workplace/125566/naomi_klein%3A_public_revolt_builds_against_rip-off_rescue_plans_for_the_economy/<BR/><BR/>"WE WON'T PAY FOR YOUR CRISIS"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34723623480345107752009-02-06T09:48:00.000-05:002009-02-06T09:48:00.000-05:00Stimulus Bill Will Lead to "Unmitigated Disaster"T...<A HREF="http://finance.yahoo.com/tech-ticker/article/169781/Peter-Schiff-Stimulus-Bill-Will-Lead-to-%22Unmitigated-Disaster%22?tickers=%5Edji,%5Egspc,QQQQ,SPY,DIA,TLT,UDN" REL="nofollow"><BR/>Stimulus Bill Will Lead to "Unmitigated Disaster"</A><BR/><I><BR/><BR/><BR/>The fiscal stimulus bill being debated in Congress not only won't help the economy, it will make the recession much worse, says Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-36519300160467203152009-02-06T07:14:00.000-05:002009-02-06T07:14:00.000-05:00So the BDI is up and so are UK January home prices...<I>So the BDI is up and so are UK January home prices.<BR/><BR/>Hmmmm...</I><BR/><BR/>No market ever moves in only one direction. There are always sucker rallies to engender false hope. I believe it was Bob Prechter who described bear markets as sliding down a slope of hope, while bull markets had to climb a wall of worry.<BR/><BR/>The market has been in a long sideways correction which is about Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50242428916681368102009-02-06T04:53:00.000-05:002009-02-06T04:53:00.000-05:00@ OrionSo the BDI is up and so are UK January home...@ Orion<BR/><BR/>So the BDI is up and so are UK January home prices.<BR/><BR/>Hmmmm...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57338921833047799872009-02-06T02:32:00.000-05:002009-02-06T02:32:00.000-05:00bear in mind, the 15K housing credit was most like...bear in mind, the 15K housing credit was most likely brought about from the national association of home builders. (lobbyist) the limitations on who gets the credit are too narrow. it should be for any homebuyer.<BR/><BR/>congress and senate combined aren't smart enough to think of this. but then the credit should be much higher. say 20K or even 40K.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27115385139960975252009-02-06T02:01:00.000-05:002009-02-06T02:01:00.000-05:00Anon 1:02I take it you haven't looked at a chart o...Anon 1:02<BR/><BR/>I take it you haven't looked at a chart of the BDI recently?<BR/><A HREF="http://www.investmenttools.com/futures/bdi_baltic_dry_index_m.htm#bdi" REL="nofollow"><BR/>Here's one. </A><BR/><BR/>Notice that U curve there. It's rather distinctive.<BR/><BR/>The fact that it's been at historic lows has been covered here in the past.<BR/><BR/>The point is that it's turned around this Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-22115383151627391012009-02-06T01:02:00.000-05:002009-02-06T01:02:00.000-05:00The BDI makes moves of the magnitude up and down a...The BDI makes moves of the magnitude up and down all the time ... It is currently still very near the decade low.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51263284246379200232009-02-06T00:35:00.000-05:002009-02-06T00:35:00.000-05:00The food supply front seems to have taken a back b...The food supply front seems to have taken a back burner in this target rich environment. Here are a few items that caught my eye:<BR/><A HREF="http://bloomberg.com/apps/news?pid=20601109&sid=aQdyxItDD8Mk&refer=exclusive" REL="nofollow"><BR/>Cheap Crops Won’t Last, Credit Suisse Says<BR/></A><BR/><I><BR/>Corn, soybean and wheat prices are trading at discounts to their inflation-adjusted averages, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41793081853473608122009-02-06T00:30:00.000-05:002009-02-06T00:30:00.000-05:00And one interesting point for today. The Baltic Dr...And one interesting point for today. <BR/><A HREF="http://bloomberg.com/apps/news?pid=20601087&sid=a9i4hRJccNik&refer=home" REL="nofollow"><BR/>The Baltic Dry Index, a measure of shipping costs for commodities, rose 15 percent<BR/></A><BR/>"Chinese steelmakers are returning to the market after inventories were used up. ... Demand for commodities is finally showing signs of life,”<BR/><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91047135265581153922009-02-06T00:23:00.000-05:002009-02-06T00:23:00.000-05:00Ilargi...the dry knife you use for wit is sharp to...Ilargi...the dry knife you use for wit is sharp today..I enjoy it always.<BR/><BR/>Doomers ,[like me] always preoccupy themselves,with the "when"...as it is of primary importance to be 5 days to early,than 5 seconds too late.All of us are deeply concerned when our selfs will face the gut-wrenching trial of un-employment.<BR/>When we ,ourselves will face hunger,danger,and maybe/probably death.<BRAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-14868470824069598702009-02-06T00:14:00.000-05:002009-02-06T00:14:00.000-05:00Regarding yesterday's intro, I also had to say tha...Regarding yesterday's intro, I also had to say thank you for posting that! I found Sheldon Wolin's views quite refreshingly imaginative and informative.<BR/><BR/>To say "It provides understanding, which is the number one requirement for any sort of preparation" really should be emphasized.<BR/><BR/>It is especially interesting to keep it in mind while watching today's Kabuki dance over the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2863588073957829332009-02-06T00:11:00.000-05:002009-02-06T00:11:00.000-05:00Sorry, but I'm catching up from the past couple of...Sorry, but I'm catching up from the past couple of days.<BR/><BR/>Yesterday, Dagobaz said, and Stoneleigh concurred:<BR/>"<I>The frank and open exchange of ideas here is wonderful, the pointless attacks and ad hominem distractions are not.</I>"<BR/><BR/>I had to say a big "Thank You" to you both. I heartily agree. A pity that your request appears to have lasted less than 3 hours before the usual Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83215201766381824652009-02-05T23:51:00.000-05:002009-02-05T23:51:00.000-05:00Hanson may be getting more concise but he has a lo...Hanson may be getting more concise but he has a long way to go to beat Charles Dickens :<BR/><BR/><I>"This boy is Ignorance. This girl is Want. Beware them both, and all of their degree, but most of all beware this boy, for on his brow I see that written which is Doom, unless the writing be erased."</I><BR/><BR/>I think where Hanson misses is when he talks of genetics and destiny yet fails to seeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19223301078370032872009-02-05T22:47:00.001-05:002009-02-05T22:47:00.001-05:00IlargiIndeed, Jay Hanson's site is truly remarkabl...Ilargi<BR/><BR/>Indeed, Jay Hanson's site is truly remarkable. He's got these little presentation videos on a range of topics and each one is so packed with information in a few lines that I had to view it repeatedly to be able to digest it.<BR/><BR/>Reg Morrison is a remarkable author as well, this was from a pdf file downloadable from his site - Hydrogen Breaker.<BR/><BR/>"Each litre of petrol Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91039546649385341762009-02-05T22:47:00.000-05:002009-02-05T22:47:00.000-05:00Today's intro is now a diary over at Daily Kos.Today's intro is now a <A HREF="http://www.dailykos.com/story/2009/2/5/224021/4145?new=true" REL="nofollow">diary</A> over at Daily Kos.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41015210229428384822009-02-05T22:20:00.000-05:002009-02-05T22:20:00.000-05:00@jal"When you are laying in bed and having a night...@jal<BR/><BR/>"When you are laying in bed and having a nightmare about Obama and same ol same ol, turn over and dream about Mcain/Palin with the Bush team/advisors. That was the alternative."<BR/><BR/>I see little difference between Obama and McCain on economic issues. They are obviously different on the so-called wedge, social issues, but as the economy collapses, the federal attitude toward el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49101138981180571842009-02-05T21:24:00.000-05:002009-02-05T21:24:00.000-05:00Anon 5:02""Doomsters seem to hate the idea of huma...Anon 5:02<BR/><BR/><I>""Doomsters seem to hate the idea of humanity. If there were a series of medical, health, energy and food production breakthroughs (say, driven by genetic engineering) that enabled the world's population to reach 10b, and everyone to live to 100 y.o., how would you feel?<BR/><BR/>Careful about your answer, because odds on that's what's gonna happen within the next 50 years."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83539994083088049262009-02-05T21:17:00.000-05:002009-02-05T21:17:00.000-05:00Ah, today's picture of Middletown, Ohio. Now we're...Ah, today's picture of Middletown, Ohio. Now we're getting close to home. Interesting February theme of pictures from small town America: Ohio, Iowa, North Dakota, Oklahoma. Nice touch to always start the day's intro with a picture.bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-46919535121852687732009-02-05T21:07:00.000-05:002009-02-05T21:07:00.000-05:00A thought to make you feel better.When you are lay...A thought to make you feel better.<BR/><BR/>When you are laying in bed and having a nightmare about Obama and same ol same ol, turn over and dream about Mcain/Palin with the Bush team/advisors. That was the alternative.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-86651656582532222512009-02-05T20:32:00.000-05:002009-02-05T20:32:00.000-05:00Ilargi,That is what I've come to understand. Swaps...Ilargi,<BR/><BR/>That is what I've come to understand. Swaps can't even out when the counterparties can sell their obligation off to a third party, and that third party can sell it off, and so on. There's no guarantee that the eventual obligee actually has the cash to pay when the call is made, and there's no way everyone has the money to pay off all the claims (or even a significant fraction of Unknownhttps://www.blogger.com/profile/15614205920972531674noreply@blogger.com