tag:blogger.com,1999:blog-4921988708619968880.post8271776021456056447..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: December 19 2009: Death, Taxes and Mr. Market calling the bluffIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger52125tag:blogger.com,1999:blog-4921988708619968880.post-3132021303654823712009-12-21T15:27:32.070-05:002009-12-21T15:27:32.070-05:00el gallinazo said...
"...I am going to dump m...el gallinazo said...<br /><i>"...I am going to dump my SH and SDS tomorrow for a substantial hit, so I can balance the loss against my final plumbing income prior to retirement in July."</i><br /><br />Congrats on the retirement. SH also has a place in my holdings. I got a nice offset for awhile from GLD (yes, I know to own physical gold too). I even got out before the recent Joehttps://www.blogger.com/profile/04908557464202069862noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-54892409296495711012009-12-21T15:00:23.178-05:002009-12-21T15:00:23.178-05:00Interesting, I'm not a facebook patron, but Ma...Interesting, I'm not a facebook patron, but Max's rant does resonate with all those offers I keep refusing; make x$ per day by luring surfers into some trap. <br /><br />Driving political herding on social networking sites by rewarding virtual currency seems a novel form of corruption, if such credits are transferable into the real economy with some ease it would undoubtedly screw up Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39946808799613152362009-12-21T15:00:05.039-05:002009-12-21T15:00:05.039-05:00New post up.
The weakest hands fold first
.New post up.<br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2009/12/december-21-2009-weakest-hands-fold.html" rel="nofollow"><b>The weakest hands fold first</b></a><br /><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16221455125074248142009-12-21T14:36:08.869-05:002009-12-21T14:36:08.869-05:00One wonders in what valued medium of exchange the ...One wonders in what valued medium of exchange the military of a hyperinflated country would be payed. One also wonders how quickly an underpayed military would insurrect and overthrow the government of any such country.<br /><br />With the advent of meticulously directed ionospheric heating, it seems feasible to erect radiative or plasma-based stratospheric shielding through microwave or Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90204542150142746602009-12-21T14:07:03.754-05:002009-12-21T14:07:03.754-05:00VK and Gravity
For some reason I connect you two ...VK and Gravity<br /><br />For some reason I connect you two guys with the virtual world. So what do you think of this Max rant?<br /><br />http://www.youtube.com/watch?v=FBPDjLHCsgQ&feature=player_embeddedel gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-87139133062163634982009-12-21T13:43:50.424-05:002009-12-21T13:43:50.424-05:00Well, for those other speculators on the board, I ...Well, for those other speculators on the board, I am going to dump my SH and SDS tomorrow for a substantial hit, so I can balance the loss against my final plumbing income prior to retirement in July. Will probably buy them back, but not immediately.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47721252113171586982009-12-21T12:54:27.658-05:002009-12-21T12:54:27.658-05:00Vk, again, your effort was sufficiently acceptable...Vk, again, your effort was sufficiently acceptable, and most of the things you speak of will happen next year, but some might not occur for another year, depending on fate.<br /><br />I do believe deflation between 5% and 10% per year can be tolerated for a while, although cash-flow problems should wreck the economy most fully if this would persist for a couple of years longer.<br /><br />A Gravityhttps://www.blogger.com/profile/09126443076478406015noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7704047060702260022009-12-21T11:39:27.084-05:002009-12-21T11:39:27.084-05:00@ Scandia
Does Dubai World have any money to pay ...@ Scandia<br /><br /><i>Does Dubai World have any money to pay for those farms?</i><br /><br />See they got the money from the Brits ;) HSBC and RBS are their biggest lenders, when they truly default, the UK taxpayer will have paid for Dubai and New Zealand farmland as well :)<br /><br />Regarding isolation, yes Myanmar is an example of an isolated country and so is Zimbabwe for most people. <br VKhttps://www.blogger.com/profile/06843562351166927162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-6587382895583738502009-12-21T11:35:23.444-05:002009-12-21T11:35:23.444-05:00Ric said...
"Writing for money is similar to...<i>Ric said...<br /><br />"Writing for money is similar to making love for money."</i><br /><br /><br />This is not the single saddest state of "affairs" but it does rank, Ric. <br /><br />In defense of hookers, I have a friend who worked for a major newspaper - NOT the one you are discussing, but beside the point - she left BECAUSE of what she was literally ordered to say orAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11979038265397379102009-12-21T11:17:07.741-05:002009-12-21T11:17:07.741-05:00More evidence that Governments are trying to issue...More evidence that Governments are trying to issue more debt than there are buyers for:<br /><br />http://www.shanghaidaily.com/article/print.asp?id=423054Punxsutawneyhttps://www.blogger.com/profile/09462275239011115572noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77481397060522865592009-12-21T11:08:26.951-05:002009-12-21T11:08:26.951-05:00Like fingernails on a chalkboard:
Alcoa and Intel...Like fingernails on a chalkboard:<br /><br />Alcoa and Intel upgraded! Metals, Tech, and the consumer hand-held mobile internet revolution are here. All systems go for great 4th quarter earnings. Shoppers did their part and pulled through for us. The rally is going to push higher. Cover your shorts and go long if you're looking to place bets. A new virtuous growth cycle has begun. Joshhttps://www.blogger.com/profile/15546561755580215480noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79123604720073660662009-12-21T10:33:53.552-05:002009-12-21T10:33:53.552-05:00Here education hits are going to force conglomerat...Here education hits are going to force conglomeration of some smaller districts and cut-backs in services, but so far education is being held up quite well. <br /><br />As is probably the case in most locales, when money runs short the local gov't first proposes cuts to fire, police, and education, as historically such results in a successful push for add'l taxes. Which is why we've Zaphodhttps://www.blogger.com/profile/17780961198148237878noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68723841559970052462009-12-21T07:57:54.789-05:002009-12-21T07:57:54.789-05:00Coy Ote
I actually mightily enjoy Max's rants...Coy Ote<br /><br />I actually mightily enjoy Max's rants. I view them as educational entertainment. Though I can see how they might put off the faint of heart. It's just his lousy interviewing techniques that aggravates me. The guy just doesn't know when to button his lip and listen.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63442776643230921242009-12-21T06:54:47.182-05:002009-12-21T06:54:47.182-05:00El G - Agree on Max, his demeanor distorts his mes...El G - Agree on Max, his demeanor distorts his message somewhat, (and that of his guest) which is too bad.<br /><br />(The following is after already large cuts 2008 & 2009, still, likely just the beginning -CoyOte)<br /><br />Cost-cutting options - INDIANA<br />In a letter to Gov. Mitch Daniels, the State Board of Education provided this list of cost-saving ideas for schools. The board will Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34091250313129535472009-12-21T02:21:46.116-05:002009-12-21T02:21:46.116-05:00@ Dormouse...that farmland article was interestin...@ Dormouse...that farmland article was interesting. Hopefully there will be more revelation in March? Does Dubai World have any money to pay for those farms?<br />If I were a farm hand I'd be looking to the working conditions of other hands employed by Dubai World on its projects.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59460095585567470642009-12-21T01:39:30.373-05:002009-12-21T01:39:30.373-05:00Dormouse said...
"Here in the New Zealand MS...Dormouse said... <br />"Here in the New Zealand MSM - strange and unsettling rumours of a big farmland buy up, bankrolled by Dubai World!"<br /><br />This is the main reason I am wary of waiting to buy land here. Prices are still extremely high in many places, but because we are a relatively small economy, even a small influx of money from wealthy interests into our property market (we NZSanctuaryhttps://www.blogger.com/profile/06676287221558805541noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76058149060073046892009-12-20T22:15:21.047-05:002009-12-20T22:15:21.047-05:00@Sober second thoughts
OK. This is a direct quot...@Sober second thoughts<br /><br />OK. This is a direct quote from Mish:<br /><br />"On the other hand, cereal is what one eats when reality finally sets in and people realize they cannot afford anything else."<br /><br />The point I was just trying to make, and I will make it again, is that cardboard box cereal in the supermarket is false economy. It is my opinion that Mish's el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83685344857296200892009-12-20T21:14:36.488-05:002009-12-20T21:14:36.488-05:00And in 1990 I was bringing in several container lo...<i>And in 1990 I was bringing in several container loads a month from Japan of lactulose, a geriatric laxative derived from lactose. For a couple of years I was a significant factor in moving the bowels of older Americans.</i><br /><br />Trivia footnote: Lactulose is widely used in hospitals in Canada, Australia, the U.S. and probably elsewhere. It's a treatment for alcoholics with liver Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72443032687793298482009-12-20T18:55:28.383-05:002009-12-20T18:55:28.383-05:00Here in the New Zealand MSM - strange and unsettli...Here in the New Zealand MSM - strange and unsettling rumours of a big farmland buy up, bankrolled by Dubai World!<br /><br />http://tinyurl.com/yk4tqv3Unknownhttps://www.blogger.com/profile/03745808529952879762noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-26200361029372178062009-12-20T18:16:58.746-05:002009-12-20T18:16:58.746-05:00I don't want to start another food fight, but ...<i>I don't want to start another food fight, but what Mish doesn't know about nutrition could fill a terabyte hard drive.</i><br /><br />Perhaps, but your example is a poor one with which to prove that. This is what Mish said:<br /><br /><i>Let's tie this together. Bacon is what you buy to satisfy your cravings when you want to be "swaddled in comforting fat". In other Semper Augustus Gloophttps://www.blogger.com/profile/03414940061583542119noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-45757031590119901252009-12-20T17:43:20.537-05:002009-12-20T17:43:20.537-05:00An open letter to Max Keiser and his On The Edge:
...An open letter to Max Keiser and his On The Edge:<br /><br />Hey Max,<br /><br />I enjoy your rants, but you are one piss poor interviewer. When you interview someone, the audience wants to know what they are thinking. We already know what you are thinking, and if we don't, you have the first half of your program to make sure we do. And then you have your radio shows as well.<br /><br />Anyel gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11855782864893220912009-12-20T15:47:10.358-05:002009-12-20T15:47:10.358-05:00A Seasonal Greeting, and Rhyme entitled "The ...A Seasonal Greeting, and Rhyme entitled "The Night Before Meltdown"<br /><br /><br />In these days before Christmas as all through the nation<br />The news overfloweth with fresh obfuscatons,<br /><br />The Government nestles with Bankers in beds<br />And explains it so clearly I can’t grasp what was said.<br /><br />Is it safe to spend money? Is the bottom in sight?<br />“Yes,” they D. Benton Smithhttps://www.blogger.com/profile/09505763959328162067noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31756884153914658702009-12-20T15:40:46.059-05:002009-12-20T15:40:46.059-05:00@ el gal
Excellent my friend, any time you want to...@ el gal<br />Excellent my friend, any time you want to go herring fishing let me know:)scrofuloushttps://www.blogger.com/profile/01085471693372823086noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60643583964591860142009-12-20T15:12:24.336-05:002009-12-20T15:12:24.336-05:00@ Ahkeem
There is indeed no inflationary pressure...@ Ahkeem<br /><br />There is indeed no inflationary pressure, it is all deflationary as far as the eye can see.<br /><br />1) Private sector credit declined by $1.81 Trillion annualized in Q3 2009 according to the FED Flow of Funds report, that was the 2nd worst decline on record I believe. Number 1 was Q2 2009.<br /><br />2) Rising unemployment means less bargaining power to increase wages. VKhttps://www.blogger.com/profile/06843562351166927162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7254844930042690382009-12-20T15:00:31.330-05:002009-12-20T15:00:31.330-05:00@ El G
So I assume when you state a few words la...@ El G<br /><br /><i> So I assume when you state a few words later that they are borrowing at much higher than 3.5%, you are referring to what they have to pay on existing secured bonds to the private market, and the Fed give away can't compensate for all the previously issued high rate debt that they own.</i><br /><br />That is correct, I remember at height of the mayhem last year, Barclays VKhttps://www.blogger.com/profile/06843562351166927162noreply@blogger.com