tag:blogger.com,1999:blog-4921988708619968880.post7631840699409092723..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, April 5 2008Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-4921988708619968880.post-38937678276167885372008-04-06T16:07:00.000-04:002008-04-06T16:07:00.000-04:00Anon,I'm inclined to agree about the prospects for...Anon,<BR/><BR/>I'm inclined to agree about the prospects for war with Iran. Later this year a diversion may well come in handy (to take people's minds off what's happening to them domestically).<BR/><BR/>My guess is that the rally that began on March 17th could last for a few weeks, whereupon the decline should resume and quickly pick up momentum. A diversion this summer could be on the cards.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65374459180994920492008-04-06T12:02:00.000-04:002008-04-06T12:02:00.000-04:00This comment has been removed by the author.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47659735459412269862008-04-06T10:56:00.000-04:002008-04-06T10:56:00.000-04:00StoneleighYou are spot on about the bluff and blus...Stoneleigh<BR/><BR/>You are spot on about the bluff and bluster of the Fed Wizards of Oz.<BR/><BR/>However, I think CheneyBushBaby will start a war with Iran as the perfect segue to exit the stage, pin down the next administration with unending crisis, and divert attention away from the Broad Daylight Bank Robbery they have perpetrated on the tax payers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33391326076030317572008-04-06T09:23:00.000-04:002008-04-06T09:23:00.000-04:00Snuffy said: "In the past I have seen some posting...Snuffy said: "In the past I have seen some postings at TF that seemed to me that the poster..."[nothing]" was convinced that under no circumstance would "the players" burn the dollar to bailout all the stupids.What changed to permit this?"<BR/><BR/>I agree with 'Nothing' that there won't be a bailout of 'all the stupids'. We are still in the early stages of a major financial meltdown - at a pointStoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-58315063835692122312008-04-06T07:42:00.000-04:002008-04-06T07:42:00.000-04:00Speaking of demographics and speaking as a first g...Speaking of demographics and speaking as a first generation Cdn,I have heard the stories of having to leave it all behind, of bank failures. We are wrong to consider ourselves untouchable.<BR/> I am thinking of the immigrants I know who have worked " like dogs " to acquire a home.Recently I tried to slow down a couple from Turkey about to buy a house in suburbia. I failed.My Turkish friend scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64549218425872021582008-04-06T06:36:00.000-04:002008-04-06T06:36:00.000-04:00RE : "Overvaluated housing not limited to U.S.:"- ...RE : "Overvaluated housing not limited to U.S.:"<BR/>- While the article is on the mark with its (financial/money aspect-)projections <BR/>it doesnt address the demographic side of the equation...<BR/>For Netherlands, France, Denmark and Norway the largest generations of homeowners (and in general) are now <BR/>in their 50 - 65's, while the some smallest year's are showing up as first timer Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62004510833949886682008-04-06T04:23:00.000-04:002008-04-06T04:23:00.000-04:00In the past I have seen some postings at TF that s...In the past I have seen some postings at TF that seemed to me that the poster..."[nothing]" was convinced that under no circumstance would "the players" burn the dollar to bailout all the stupids.What changed to permit this?<BR/><BR/> I still think Cheny's intent is to strike Iran prior to the election.As the chats being held in Russia did not go "well",I have a disturbing feeling that while allsnuffyhttps://www.blogger.com/profile/03978637281755386311noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25996487343305213392008-04-06T02:10:00.000-04:002008-04-06T02:10:00.000-04:00Here is what the Supreme court said in one caseSec...Here is what the Supreme court said in one case<BR/><BR/>Section 102 follows:<BR/><BR/>"Every person who, having been summoned as a witness by the authority of either house of Congress, to give testimony or to produce papers upon any matter under inquiry before either house, or any<BR/><BR/>Page 279 U. S. 285<BR/><BR/>committee of either house of Congress, willfully makes default, or who, having bicycle mechanichttps://www.blogger.com/profile/17008971495294158347noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-292988302954236452008-04-06T01:46:00.000-04:002008-04-06T01:46:00.000-04:00ignore that link, its not to the US senate. Google...ignore that link, its not to the US senate. Google is such crap these days. I am digging for the same thing for the US Senate. The one they gave is for the friggin Phillipines.<BR/><BR/>though Bernake was a witness and was answering questions. Unless you have cut a deal and its known that you are appearing and not under oath as a witness. Bernake is NOT a federal employee, and I think Only bicycle mechanichttps://www.blogger.com/profile/17008971495294158347noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51091774672574960712008-04-06T01:35:00.000-04:002008-04-06T01:35:00.000-04:00Ilargi,Bernake was a "witness" according to Senate...Ilargi,<BR/><BR/>Bernake was a "witness" according to Senate rules. As such he would/should be under oath. I have not seen anything that says the Fed Chairman is exempt from that. When someone appears "not under oath", that is always publicized.<BR/><BR/><BR/><BR/>reference Senate rules and procedures Section 12<BR/><BR/>http://www.senate.gov.ph/about/procedure.asp#Sec._12bicycle mechanichttps://www.blogger.com/profile/17008971495294158347noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-4847028260909591912008-04-05T23:24:00.000-04:002008-04-05T23:24:00.000-04:00Anonymous from Latin America,I agree with your ass...Anonymous from Latin America,<BR/><BR/>I agree with your assessment of where this is leading. Peter Blustein's book <I>And the Money Kept Rolling In (and Out)</I> has an excellent illustration of the process as it played out in Argentina. There are many parallels between the Fed's handling of the current crisis and the IMF's approach in Argentina (eg in terms of bail outs for the wealthy at the Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76702219019692498412008-04-05T21:20:00.000-04:002008-04-05T21:20:00.000-04:00Rgds from Latin America!This issue of public bail ...Rgds from Latin America!<BR/>This issue of public bail outs of private entities / individuals is very well known over here.<BR/>It is an awfully silent and stealth way to empty the citizen's pockets. Leads to widespread poverty, fall in middle class living standards, insecurity in general from the people that used to have a decent home and had to move to shantytowns where their children barely Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-82375513703596688662008-04-05T20:54:00.000-04:002008-04-05T20:54:00.000-04:00CRYeah, I noticed the video was out this morning. ...CR<BR/><BR/>Yeah, I noticed the video was out this morning. <BR/><BR/>Now I'm still waiting for the oath and perjury answer. I don't think Bernanke, if he's not sworn in under oath, can commit perjury. And that would make the video's message different too. It's still untrue and all, but not perjury, in my humble view. I remember lat year when the White House refused to let Karl Rove be put under Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41965761471053298422008-04-05T20:11:00.000-04:002008-04-05T20:11:00.000-04:00Thanks for the link to Karls video, ilargi, it wor...Thanks for the link to Karls video, ilargi, it worked today.<BR/><BR/>I think I was unclear in my last comment about the Market ticker. It has changed from the one with the video (that didn't work) yesterday, here is a snippet:<BR/><BR/><I>It appears that the FASB has removed the concept of QSPEs, which is the enabling "piece" to make off-balance-sheet securitizations possible, from the FASB set Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-1862546054486296412008-04-05T17:45:00.000-04:002008-04-05T17:45:00.000-04:00Musashi,I don't write at TickerForum, don't think ...Musashi,<BR/>I don't write at TickerForum, don't think Stoneleigh does either.<BR/><BR/>I did ask Karl privately, and he said all testimonies before Congress are subject to perjury.<BR/><BR/>While that may be true to an extent, I'm not so sure it's the whole story. After all, why swear people in at all if that would be so iron-clad?<BR/><BR/>I don't think Bernanke can be put under oath. He's not Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47066155221033464792008-04-05T17:21:00.000-04:002008-04-05T17:21:00.000-04:00Karl's site.Ticker Forum. Unless you meant you wou...Karl's site.<BR/>Ticker Forum. Unless you meant you would ask him privately.VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-86541460149275161892008-04-05T16:43:00.000-04:002008-04-05T16:43:00.000-04:00musashiwhat's TF?musashi<BR/><BR/>what's TF?Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8549535740306844292008-04-05T16:30:00.000-04:002008-04-05T16:30:00.000-04:00Ilargi,What names do you guys post at TF under?Ilargi,<BR/>What names do you guys post at TF under?VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-58394026090454721882008-04-05T16:17:00.000-04:002008-04-05T16:17:00.000-04:00Ilargi,Excellent reading today-thanks.Re your intr...Ilargi,<BR/>Excellent reading today-thanks.<BR/>Re your intro comments that this has been a week from hell-I work for a small US mfg company that makes a raw material that mostly finds its way into landfills not long after we sell it (metallized film-used in all microwaved food prep packaging). It is also found in all currency (the thin strip one can see in a bill), which may also soon be found Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53904377087174193852008-04-05T16:15:00.000-04:002008-04-05T16:15:00.000-04:00FB:Noland's Weekly Bulletin at Prudent Bear is goo...FB:<BR/><BR/>Noland's Weekly Bulletin at Prudent Bear is good. I quote from it regularly.<BR/><BR/><I>Douglas C. Noland, financial markets strategist at David Tice & Associates, has ten years investment experience as a trader, analyst and portfolio manager. He posts a weekly column on the PrudentBear.com website called the Credit Bubble Bulletin. He worked seven years for Gordon Ringoen, a hedgeIlargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49824879071006978032008-04-05T15:47:00.000-04:002008-04-05T15:47:00.000-04:00Hello Ilargi,The article titled Economic Structure...Hello Ilargi,<BR/><BR/>The article titled Economic Structure and the "Liquidationist Thesis" is excellent. Who is Douglas Noland?<BR/><BR/>Concerning your predictions on the Canadian real-estate markets, guess what, I have a bet with a family member that the Dow will close on the last business day in February 2009 below... 12 000.<BR/><BR/>I almost feel guilty. It is like taking candy from a babyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59051853556411183072008-04-05T15:45:00.000-04:002008-04-05T15:45:00.000-04:00Kalpa,Alea's comment on that is in there somewhere...Kalpa,<BR/><BR/>Alea's comment on that is in there somewhere now<BR/><BR/>Cr: here's Karl's video: http://www.youtube.com/v/zApJkvwUhDg<BR/><BR/>Question, which I'll put to Karl too:<BR/>Can anyone prove to me that Bernanke was under oath? Or Dimon, for that matter? And I mean proof, not opinions.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-62767885901391146982008-04-05T15:23:00.000-04:002008-04-05T15:23:00.000-04:00Ilargi,I liked your introduction today, and count ...Ilargi,<BR/>I liked your introduction today, and count me among the few who are "shocked and awed".<BR/>As for waterboarding ducklings, I have raised domestic ducks and I have seen my grandparents do it but have never had to supplement a duck with water. Don't they live in the water? Where do you live--LasVegas or Phoenix?<BR/>Now, more seriously, I noticed an article in Saturday's WSJ titled "Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76656352221855162802008-04-05T15:05:00.000-04:002008-04-05T15:05:00.000-04:00Hi Bike Meck,Couldn't find that video, I think Kar...Hi Bike Meck,<BR/><BR/>Couldn't find that video, I think Karl has reposted yesterday (april 4) and is jumping up and down excited about it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65722679210499306922008-04-05T14:25:00.000-04:002008-04-05T14:25:00.000-04:00What happened in CONgress is nothing.It is literal...What happened in CONgress is nothing.<BR/><BR/>It is literally a occupation government.<BR/><BR/>http://www.viewzone.com/dualcitizen.htmlAnonymousnoreply@blogger.com