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blah, blah, blah, europe. blah, blah, blah.
Woof, woof.
sm_landlord wrote:
Its funny, the spot price of gold has never had to resort to being for 25 grams instead of a troy ounce or just simply omitted like M3, one of the few measures that hasn't been dicked with or ginned up, to make the impossible, possible.
YouTube - Europe - The Final Countdown (Official Video)
99 bottles of beer on the wall
99 bottles of beer
take one down
pass 'em around
98 bottles of beer
Its just that I foget the words ro Ring Around the Thingy
CR wrote:
The smarter ones have called it a "Ponzi scheme".
Max and Gardener.
Read novas books. A couple slices of pizza is worth it.
HomeGnome wrote:
Such a perfect theme song for this cluster
in so many ways.
They even mention "We're heading to Venus" in the lyrics.
Of course, they left out the part about "... to find buyers of last resort for our worthless debt", but I'm sure that was the producer's decision.
Seeing as Ponzi's scheme was based upon the arbitrage between international postage rates, lets update
"Going Postal" to mean a giant financial hoax.
So now it's an "operation". Getting closer to "scam". Scams need "facilit[ies]". Repo's are frauds, CR.
YouTube - Madonna - Material Girl - Official Music Video HD
Das ist nocht nicht alles...
Wenn Gott jetzt anruft, kriegt er Tokiohotel gratis dazu!
-Der Kommissar 1982
Another Republican comes to his senses.
Gary Johnson to drop out of GOP primary to run as Libertarian - Reid J. Epstein and Ginger Gibson - POLITICO.com
Yogi, " Repo's are frauds "
In the U.S.A., 2006,07,08 were MADE for JUST people like YOU.
Mook wrote:
Is that what jacked the market today?
In a Reuters poll, traders estimated banks would ask in aggregate for as little as €50 billion to as much as €450 billion.
When my estimates cover an order of magnitude, I usually just shrug.
Rajesh, " Gary Johnson will quit the Republican primaries and seek the Libertarian Party nomination instead "
WOW, can we say " Political suicide" On Moral Grounds.
I keep waiting for McCain but don't worry, I'm not holding my breath.
F$cken politicians, but as he gets older,,,,,,,,,,,I expect More.
le bloomie magiques? or bloomie magisch?
(blame google translate...)
Success =
?
so the ECB, which is backstopped by the Euro sovereigns, can now lend money to Euro banks, so that they can lend money to the Euro sovereigns. same ill logic applies to the IMF.
why even bother with the banks/IMF?
Joanna wrote:
"Shut up and enjoy your profits,"
responded.
"Mmfffghghmmmfffmnn,"
added.
A Currency Crisis Debate: 'The Euro-Zone Bailout Programs Must Be Stopped' - SPIEGEL ONLINE - News - International
Just banged the crumble into the oven. Dessert is taken care of.
Now it's time to make some home made tagliatelle for tonight's pasta dish: Tagliatelle with fresh garden peas.
Juvenal Delinquent wrote:
That's an awfully long-winded way of saying "no".
Europeans are so much more open minded than Mericans. I mean they get their bond spreads via the backdoor. I'm jealous.
It appears the left and the anarchists are hashing things out...I've even heard rumors there is a push to pull in the tea party over the ndaa and sopa.
Thank You, Anarchists | The Nation
Some others have called it "bank round-tripping"
Whatever you want to call it, don't forget, it's all about the banks, now and forever. Which brings me back to my point from a few years ago....we should have kicked these fuckers in the nuts hard then, because now, we aren't ever going to be able to.
We are banana.
dryfly wrote:
If you stopped and thought about what was about to get rammed up there you'd lose all traces of jealousy.
Juvenal Delinquent wrote:
ECB PPT?
And, I think I'll have a beer whilst I make the pasta.
Antipodes wrote:
Nice!
Bachelor night for me. Just had a piece of juustoleipa heated in a pan of bacon grease, and a glass of malbec. Now to hunt down dinner.
Mook wrote:
and modesty.
Repos are collateralized loans, but the lender should be confident that the borrower is (1) solvent and (2) liquid and (3) make certain that the loan is over collateralized and (4) the collateral is sound.
0 for 4 ain't bad says the ECB.
Sounds delish, Antipodes...
But you've got nothing on what the Europeans are cooking up...
I always wondered how one operationalized MMT. Maybe now we know.
YouTube - Nina Hagen - TV Glotzer (Live)
Where's the hyperinflation, ask the Fed apologists? Well, duh, if you give a trillion bucks to rich bankers, the price of hot dogs may not go up much, for a long time. Even the price of luxury yachts may go down because of economies of scale in production.
But there are suddenly more dollars and the same number of goods (until the yachts are finished, at least). The chance of a bus driver getting his kids a jet ski has diminished.
Joanna wrote:
I had to look up that cheese. Sounds delicious, especially the part where you heat it up in bacon grease...
Juvenal Delinquent wrote:
A man's got to respect his limits.
NorkaWest wrote:
Oh yeah? Do they get listed as loans on the published balance sheet at the end of the quarter?
I hope you brought enough for everyone.
1 currency now -yogi wrote:
The argument can actually be strengthened.
If the incremental
were not the most efficient use of the capital at hand (duh!), then there will be fewer goods, even after their completion, relative to the base case for those trillions in electrons to chase.
Antipodes wrote:
I saw this at my local store - Juusto Baked Cheese
Being a cheesy bastrid, I had to try it. Luckily the pan from last nights egg fry-up was unwashed & had a nice coating of bacon grease in it.
A funny byproduct of the rarity of homemade bacon is that the grease is just as treasured.
GDD9000, " we should have kicked these fuckers in the nuts hard then, because now, we aren't ever going to be able to. "
You are Right, We should have but we rolled the dice and LOST.
And WE all are going to "Get kicked in the nuts" !
That maybe putting it a little extreme but That is what you get for trusting "Ivy League Economists".
But they are the smartest we GOT, Man are we in trouble (!)
With a good agent they could still probably get a three year deal from the Cubs - option year too.
Think of them as Fellow Unravelers instead.
Mook wrote:
Isn't that inflation? I mean how much electro-money has been dumped into the system recently?
I know real prices for real goods are going up, but not in a Weimar way. But what is inflating with all the virtual printing? Debt? The cost of having a sovereign nation?
I'd recommend Ryan Fitzpatrick's agent, the man is a miracle worker.
Joanna <---
Have you seen this website? I dabble a bit in cheese making and need all the help I can get.
Madame Fromage
Joanna wrote:
Short answer: yes. I'll let yogi fill in the details.
Joanna wrote:
Have you tried curing the backfat, something similar to Lardo?
Lardo - Wikipedia, the free encyclopedia
Antipodes wrote:
Adding it to the food link stash now
I haven't made cheese since I sold my cow, but I still have all the gear
Edit: Lardo....not yet, but we'll have 2 pigs this year providing plenty of raw material.
China's pension fund to boost stocks: report
| Reuters
Bush and the SS Privatizers must be going crazy with envy.
Just born in the wrong country I guess.
Big yachts are good for the economy. Thousands of jobs are created to service each yachtsman.
JD, " Think of them as Fellow Unravelers instead. "
"Fellow Unravelers" (!)
Those Lyen, Cheaten, Network Thieven ASSHOLES got nothing in common with me and I take offence that you would think that I was a "Fellow" of theirs.
ONLY after they have taken everything of value and claim to be owners of all that is of worth, will they be dragged down and mankind start over again and have a chance of GROWTH.
That is Bobby, With a Capital "B".
1 currency now -yogi wrote:
Big yachts usually have well outfitted galleys.
Antipodes wrote:
I want to redo my tiny kitchen as a vintage yacht galley....mmmm.....teak & brass.
If you wanted to accuse somebody of being a communist during the McCarthy era, labeling them a "Fellow Traveler" was all it took.
Here's a Yerp update by G Shilling. In fine form. Charming and upbeat, as always
Gary Shilling Sees `Severe' Recession for Europe - Video - Bloomberg
Antipodes wrote:
And HAWWWWWT chicks riding up on the bow.
Analysis: China's severe export outlook
| Business
| Reuters
CalculatedRisk wrote (one blog post back):
You are mistaken CalculatedRisk. The truth is that the relative valuation within a pool may change, the value of the pool does not change in real terms. I've told you before about the Herengracht Amsterdam housing price index collected by Piet Eichholtz, but introduced to me by Robert Shiller.
Joanna wrote:
If I have to redo a tiny kitchen, I would lean more towards a well equipped railway galley, but would happily cook in a vintage yacht galley.
That's why the more rational economic textbooks just define inflation in terms of dollars (currency in float)relative to goods (in the abstract). Looking at "general prices of goods and services [or "assets"], in an 'economy'" is arbitrary and subject to manipulation.
Purchasing power doesn't have to be explicitly executed in a transaction to act as real power "Your money is no good here, Mr. Dimon..."
JD Please, Please give me a break. Yuan, Yogi, Vu OK but to accuse me of being a Communist.
I can't help but think of that great American "James Brown" and Feet don't fail me now.
You are so "OFF base".
When it comes to being " A Good American" I am So IN.
It's not so much about
more like a dinghy system that's run out of angles of attack.
The whole house smells of strawberry-rhubarb crumble.
Bobby,
You're not the one that's a slave to their system, when asked to obfuscate, the only question is "how much this time?"
Greek debt talks hit trouble as hedge fund walks out
| Reuters
Basel Too wrote:
Like the Fed, primary dealers and US Treasury? The magical money loop that can grow to infinity and beyond.
shill wrote:
bring out the
We just had the kids of one of my wife's friends over for presents and it is a most satisfactory experience, close to when the RobJ rug rats were small.
We're heading out to the Rockies tomorrow so Happy Holidays to CR and all of HCN. God Bless You, Every One (even if there are no prisons and even if the Union workhouses are not still in operation). Our holidays will be very merry, since the winemaker is bringing a case on the plane, although I'm not sure how the skiing skills will persist under the influence.
Bad Dawg Bobby wrote:
Does that mean "kill the Commies" to you or let the citizens speak and assemble no matter what they believe?
JD, " the only question is "how much this time?" "
They will keep asking " MORE, MORE, MORE, MORE" .
EvilHenryPaulson wrote:
Interesting and surprising.
I have stand up and applaud the ECB on the LTRO. That was a fine can kick.
YouTube - Jerry Lee Lewis - Breathless 1965 (live) Shindig
JD..
You make me smile with your posts often...thanks and merry xmas!
I find it interesting that movie endings have changed.
The newer movie called Edged of Darkness calls for the viewer to conclude the ending instead of the Elliot Ness of doing what is right,
Wierd observation.
Robj enjoy your holiday.
Mr Slippery wrote:
Yes, the insolvent lending to the insolvent to lend to ......
Just trying to work the float between empty bank accounts.
Yogi, "let the citizens speak and assemble no matter what they believe? "
yogi that means, Just don't Shit on me or mine. or I will jump on YOU like Shit on stink.
And some people just Don't understand that !
Like Communists or ..
A great quote and quite a shift in perspective. Even the IMF is getting tired of the game they invented.
Merry xmas to you and yours as well, and thanks for the kind words.
And many thanks to CR for actually being a mensch and mentioning the eternal, I know it must have been difficult to avoid it once again.
So your property is more important to you than the Bill of Rights? Is that what you're saying?
Juvenal Delinquent wrote:
Don't we have enough religious discussions as it is?
BarleyReturns wrote:
Planning to see the Sherlock Holmes sequel Thursday. I wonder how that will end.
Inflation as far as the eye can see.
Buy whatever you can that is real, not printed.
When Senate Democrats finally brokered a compromise over the proposed health-care law, a group of hedge funds were let in on the deal, learning details hours before a public announcement on Dec. 8, 2009.
The news was potentially worth millions of dollars to the investors, though none would publicly divulge how they used the information. They belong to a select group who pay for early, firsthand reports on Capitol Hill.
Seeking advance word of government decisions is part of a growing, lucrative—and legal— practice in Washington that employs a network of brokers, lobbyists and political insiders who arrange private meetings ...
Inside Capitol, Investor Access Yields Rich Tips - WSJ.com
rich wrote:
+1.
rich wrote:
We always hash out a list of projects, etc for the upcoming year, so we can do some targeted buying in a hurry and know we'll be saving money on things we'll put to good use. Tools, materials, bulk food, firewood, etc.
josap wrote:
"Not explicitly illegal" does not equate to "legal".
yogi, " So your property is more important to you than the Bill of Rights? "
What the Fuck are you talking about?
My property rights are ONLY protected by "The Bill Of Rights !".
yogi, I wish you all the luck in the world.
China is about to experience the biggest threat to individual freedom it has ever seen.
Ever had the chance of seeing!
IMO, The people (Individual) is nowhere near up to the task of earning it's freedom on it's own and that is were he/she is at, on its own.
Good Luck to Mankind !!!!
1 currency now -yogi wrote:
"brokers, lobbyists and political insiders" will never be investigated, charged or tried. So does it really matter?
Bad Dawg Bobby wrote:
Are you calling me a Communist, asshole?
"curious wrote on Tue, 12/20/2011 - 7:05 pm
reply
In a Reuters poll, traders estimated banks would ask in aggregate for as little as €50 billion to as much as €450 billion.
When my estimates cover an order of magnitude, I usually just shrug."
I think they've been following my wide stance market indicator at
.com
Bad Dawg Bobby wrote:
Go back and do some more reading and less drinking.
"rich wrote on Tue, 12/20/2011 - 8:07 pm
reply
Inflation as far as the eye can see.
Buy whatever you can that is real, not printed."
The hyper inflationary monster raising it's ugly head AGAIN?
This sounds like MF Global was dipping into customer money to meet margin calls. I don't think this was rehypothecation:
E-Mail Clues in Tracking MF Global Client Funds - NYTimes.com
shill wrote:
"differences over how to proceed with a voluntary bond swap, although there were no more precise details."
I guess they were not expecting to get scalped, along with the haircut.
Oracle results shock investors, shares plunge - Yahoo! News
yogi, " Are you calling me a Communist, asshole? "
Yogi, in the past comments, you have been so far left of center it has been enough to gag a magget.
If you do not believe in " State Control of the individual " , Than what have I missed.
What difference does the mechanism make?
What if JPM faced huge margin calls and borrowed tens of billions at .01% from the Fed? Commingler of last resort, eh?
Have you even read the Bill of Rights?
Bad Dawg Bobby wrote:
So does the individual have a right to peaceable assembly or not? Are you for State control of the right to protest?
josap wrote:
Supposedly--according to our ZeroHedgies and Bloomsburg, Paulson did the very same to his hedgies after testifying to the Senate than Fannie/Freddie were fine a week before, although that's not to gainsay the Sen. Dems shouldn't be on the grill for their disclosure. No Senate Repugs on the grift? Curious but maybe; if so, no wonder they were pissed at the health negotiations.
Just suggesting, as you know, that this is a very well-worn practice and I think the House Repugs are very well in on the deal before "it goes down" as the bluesmen say. Gangrene didn't get where he is without perfecting Calvinball but he's very good about advising poor Africans how they can pull themselves up by their Fannie straps. Clinton's done very well, thank you, and Georgie Bush, well, enough said. A nod's as well as a wink to a blind bat. Eh?
I just read a hedgie critique of Obummer that his big mistake, like Carter, was going populist on the banks, so all their campaign contributions after the SCOTUS free speech ruling were sure to go to the GOP. There was no sense of irony whatsover in that critique, by the way. Doesn't take weatherman to say which way the wind blows on that one. If you don't know who the sucker is at the table, it's probably Obummer, don't you know. And the GOP knows--whether they can capitalize with Romney is the interesting question. Romney won't make that mistake, I can assure you.
Bad Dawg Bobby wrote:
How is this a lib mantra? There is sure an awful lot of state control of the individual coming from the right as well.
CalculatedRisk wrote:
Stealing.
I wonder if Edith will have a mysterious accident soon.
E-Mail Clues in Tracking MF Global Client Funds
why are they relying on e-mails to trace the flow of funds? shouldn't there be like a system that keeps track where funds went?
Yes I have and the Constitution. And the Artical of Confederation and Thomas Pains writtings.
So What, that does mean Shit.
From here on in, FUCK you, we are all on are own.
And I can live with that.
The whole house smells of strawberry-rhubarb crumb
I really hate you...
robj wrote:
Wait. When did THIS happen?
CalculatedRisk wrote:
Super-trans-pseudo-hypothecation. Perfectly legit.
GOP keeps running 1%ers. At least Obama was down in the 10% or so.
Bad Dawg Bobby wrote:
I thought that was a bipartisan belief, ensconced by the Bill of Rights believing McCain, Lindsay Graham, 93% of the Senate, and the Obamma administration, so the quaint belief that this is left/right wing makes me all snuggly inside. Why do you hates McCain, that great Patriotic protector of the Bill of Right? (Substitute any name in the Senate on either party and you won't be wrong on that one, so the snark is bipartisan).
State Control? Individual? Dude, that's so 2002ish. We parted the waves on that one with Moses so long ago, worrying about is kind of nostalgic. Makes me warm and fuzzy. What holes did all the patriots crawl into in 2001-2002? That war was lost, man--the GOP rode that one to victory against the rights crowd. Ship sailed out of port. Long gone.
Good of you to notice, howsomeever. I applaud you for that one.
sdtfs wrote:
YouTube - Supercalifragilisticexpialidocious Sing Along
If you say it loud enough you'll simply sound precocious.
Will you look at that! Yogi pissed off another hcn contributor.
If I had a dime for every time that happened I'd have been able to retire by now.
Juvenal Delinquent wrote:
I always preferred the zingier "Useful Idiot".
Blackhalo wrote:
It was a speech, dude. A speech. That was the somewhat funny (although not so funny) part of the screed.
But I'm afraid the hedgie critique pretty much nailed it. Don't be talking trash about the top .1% and expect your free speech campaign grift. Which makes sense, since grift is free speech now.
I'm expecting the JPM horse saddled by Caligula to be ridden into the Senate by the next President in a couple years.
robj wrote:
DCRogers wrote:
What, no reference to watchers of Fox News in the Wiki?
yogi, " Are you for State control of the right to protest?"
Yogi, you Have SO Far to go
The State has No Control or Right over my right to protest.
I TRULY WISH YOU
MUCH LUCK.
I know you and your have suffered so much
I'm so sorry
YouTube - Jackson Browne - The Deluge
They are JUST a Bunch of STUPID HIPPIES.
David Lindley on the fiddle is classic and so heart felt.
Bad Dawg Bobby wrote:
Tom Paine? The dude we exiled to France and then reluctantly took back when it looked like the Frogs would execute him? Paine?
Dude, he's the Timothy Leary of the Founding Fathers and them were some weird dudes. Palin would burn most of them like a Salem witch after she talked to them for 10 minutes or so. She'd take out her bear gun and shoot Franklin, for sure. Jefferson would have to be on ludes to stand a conversation with her. And John Adams. . .
Dang, a conversation between John Adams and Palin is probably the subject of the next Tom Stoppard play. While I'm skiing I'm going to be writing that dialogue.
Bad Dawg Bobby wrote:
Oh, you read the Bill of Rights AND the Constitution? Both? A regular intellectual. So then you support my right to call you a Commie rat, hypothetically... Were you a card-carrying member?
Are you a fellow Commie? Will you take the oath?
They call themselves Oracle but can't forecast their own earnings? At least in the old days, those Oracles at Delphi were adept at
can't stop
So when the SOPA bill passes, all website that could have links to pirated material can be shut down by the government. This include Youtube, Facebook, Google and 90% of all internet web sites. Everyone should look at this video . Anybody concerned about this or am I being overly paranoid?
YouTube - Stop Online Piracy Act (Scary Facts)
Oops. Now that I included a link to youtube from CR's website, this website will be shut down too. Sorry about that.
Fresh pasta is done. Now to make the sauce w/ fresh garden peas...
Blackhalo wrote:
If Greece was North Korea, no hedge fund would be allowed to walk out.
They would have to support Holy Leader.
Guess who’s paying to defend Fannie and Freddie execs | Loren Steffy | a Chron.com blog
yogi, " Oh, you read the Bill of Rights AND the Constitution? Both? A regular intellectual. So then you support my right to call you a Commie rat, hypothetically... Were you a card-carrying member? "
HaHaHa, Yes I have. You make it sound like I am extraodenary. HaHaHa.
You Silly Shit, it is not that unusaul. And all the amendments. HaHaHa I would venture to say that quite a Few of us,including,,,,,,,,,Illegal Aliens have done the same.
Man, You underestimate the people here in The United States. We do tend to read Alot I guess.
But don't be little us because of it.
Go to the Library you stupid shit and check it out! Oh, Sorry I forget in China you don't have a Library to go too !
So move to another Blog Fuck wad.
The99Percent wrote:
No worries.
The information gathered, collated and stored by each site is much to important to the 1% for any of the big players to get shut down. And the threat of a shut down should be enough to get those cyber info hoarders to turn over to the gov whatever information is requested.
The little guys will be the only ones shut down.
shill wrote:
Don't even have to read it to know it's
Bad Dawg Bobby wrote:
Don't worry. You are free to call anyone whose ideas you disagree with a card-carrying Communist, whether you have any evidence or not. If you get enough McCartyite scumbags to follow you you can even assemble a grass-roots movement of fellow-travellers.
The Constitution can't force you to use your brain.
Here's the pasta with freshly podded peas sauce I'm making tonight. I decided to use some fresh, homemade tagliatelle instead of using a dried pasta.
YouTube - Three Wise Men of River Cottage: Hugh's lazy pastas
Listen dipshit
the Constitution and the Bill of Rights are not distinct legal documents. The Amendments are an integral part of the Constitution, co-equal to the original text.
You may have read, but did you understand a word?
Sounds like a question for Congress, the true dip shits.
Bad Dawg Bobby wrote:
The Public Library? I knew you were a Pinko.
I wish I had some of Antipodes tagliatelle, which sounds a bit like the pasta my old grad school pal's mother used to make when we came over, to watch Dodger games with her husband. Think she threw some shrimp in it, back in the day, but it's a fine memory to remember going over there with the sheets of pasta hanging to dry on every corner of the kitchen, before she fed them through the cutter and then cooked them.
Now I'm feeling old.
God bless us every one; I'm off to green pastures.
Keep hope alive, CR.
yogi, It is a Challenging World we live in, and I sat in class and listened.
And YES, I understood, or at least tryed.
Google Trends: sarah palin
Just a flash in the pan...
hmmm.. should I purchase some "backdoor eurobonds" or instead burn a large pile of money in the fireplace this cold winter evening.
~splat
I emailed the Costco CFO about their policy of not outsourcing warehouse work to temp workers. That's part of why I shop there and not the other warehouse stores. He replied to thank me about 5 minutes after my email.
I also emailed a craigslist ad for an Oberhasli milk goat for $100. Haven't heard back yet.
Not sure which is more exciting.
yogi, " I knew you were a Pinko. "
Oh Shit, You found me out .
yogi, The State can't solve these economic problems know matter how hard, or how much money ( or how hard it taxes the people) it throws at the problem.
Only the People and private enterprise will save the day.
and please include the smilie when quoting.
WASS
YouTube - Kris Kristofferson-To Beat the Devil
Bad Dawg Bobby wrote:
Privatize the schools and libraries! Only the profit motive leads to the truth. Communists are un-American. Bad Dawg Bobby sounds like a Communist
Joanna wrote:
Exec. salaries and bonuses in the
You mean like books? What a quaint 20th century outlook on things.
yogi, " Communists are un-American. Bad Dawg Bobby sounds like a Communist "
That Dirty Motherfucker Bad Dawg Bobby is a Screemin Commy.
Fuck that asshole
YouTube - WATCHING THE RIVER RUN / LOGGINS & MESSINA
bearly wrote:
and downstairs in the bunks, too
Hey you said it not I.
yogi, " Hey you said it not I. "
Hay, I couldn't agree with you more, What a Fucken Shit !
You Would not believe what that Fuck has done.
just ask the Duke.
YouTube - "Peace of Mind" Loggins and Messina
YouTube - Dixie Chicks - Ready To Run
Volker says the split tails
understand.
HaHa, I Love my Baby.
poic wrote:
I remember Oracle being around $27ish years and years ago.
Click through... what are they these days, hmmm $27ish.
robj wrote:
Everything I read was Adams and co were quite familiar with the likes of Palin and co and rightfully scared of them.
Ween: piss up a rope
Comrade Gibbons, ' were quite familiar with the likes of Palin and co "
I want to make like and belittle but I can't.
What a world we live in, As I stuff my face !
YouTube - Jackson Browne - These Days
Hayduke, give me a little Kiss
YouTube - Melissa- Allman brothers
Are we saved yet again, Tebow v.4.3.2.9?
The Hobbit: An Unexpected Journey trailer premiers... | Stuff.co.nz
More like a wanna be spark that never lit. Maybe there is a ...
We may not need saving:
Hey, Washington: We Don't Have to Overhaul Medicare to Save It - James Kwak - Business - The Atlantic
Caution: if you hate Medicare and are not interested in facts about medicare expenses, do not read.
Didn't last week's result prove that country > God?
Thanks, people were talking about it tonight. You saved me a google search.
temper children
don't make kcoop have to pull this comment section over
seriously, this is a cool place
stop pissing
The World is saved, again....
The Google Goblins Give Firefox a Reprieve--But What About the Open Web?
Is it just me, or does this whole thing about the European Governments selling assets to the private banks sound like Argentina V 2.1.
Strip the valuable assets from the Government, states, etc and pile on more public debt to ensure a new generation of serfs?
Must just be me.
Well, at least they had the foresight to have DSK disband the IMF's Bagehot Principles sanctimony invasion force first.
Not the done thing to have the IMF Managing Director standing over a white Yerpeon leader wagging his finger at gross macroeconomic fkups like Camdessus v Suharto.
C
.
I saw your first version, before the edit.
Think there's smoke there?
C
Educated youngsters with high unemployment is fuel for a great revolution. Not bad! In a way is the system fixing itself.
traderwalt wrote:
better: just opt out of the labor force altogether.
Yes, but the important thing is to scare all the other hedgies.
Their investors like to work in the dark.
Sunlight would freak them out.
Kauai_Kahuna wrote:
it smells like Argentina for a while now. the are going through a very similar denial process
rich wrote:
hey, maybe they walked out to place short bets on the other members of teh meetings after listening to the discussion. hell, i know i would if i were them!
Sh!tpiles! Sh!tpiles, load out your steaming, festering worst!
Europe Banks May Flock to ECB’s ‘Free Money’ - Bloomberg
YouTube - Monty Python Bring out Your Dead
C
traderwalt wrote:
Everything in that article matches up with what I know. And it talks about the numbers correctly in terms of % of GDP which is good. Much of the 'discussion' about medicare and social security is framed in terms of scary big numbers. Such as adding up the total social security liability over the next fifty years and doing a frenetic chicken little dance.
Well played, team macro man:
Macro Man: TMM's Christmas TV Guide
The baby Eltiaro.
LMFAO. Sheer comic genius.
C
As long as they all believe they are to good to do manual labor all is good in my field.
I encourage everyone to get educated and stay the hell out of turning wrenches...it took 15 years of not wanting to get dirty for employee shortages so don't spoil it now !
Chris
And what a fine morning it is.
Of course, it's dark. I can't see the 80% chance of freezing rain that is forecasted, for which I am grateful.
Sometimes it's the lesser of evils to live in the dark.
Happy shortest day of the year. Everything gets brighter from here on out.
My wife was a child when Mao died. At that time China was pretty similar to North Korea is nowadays. She says all the adults everywhere were crying, many of them with genuine grief. That's how strong the cult of leader is in many of these nations.
That just bowls me over.
There are no tears for a good man's death over here, much less a ruthless dictator. Obviously a psychological phenomenon. I remember from my youthish watching some movie where a girl fell for her kidnapper. And even in news events are stories of females becoming so bound to their kidnappers that they will not escape even when opportunities might permit over several years.
Guess that's the imprisonment of the mind.
/extraneous - sorry. Like ac says, thinking out loud.
Outsider,
People killed themselves in the tens of thousands after Adolf gave it up. Hannah Reitsch, one of the best test pilots of the 20th century had her entire family do themselves in when they found out. It cut down on her christmas shopping tremendously.
And why would that be? Fear? Or the caged mind not being able to handle the door being flung open? Surely not any sane rationale. I don't have an insight into this one because it is not something I have ever encountered. Well, except being married for 20+ yrs. haha.
Wiki says otherwise. They killed themselves after being expelled from Poland during the huge post war population movement.
Why? Because their dream was dead. The same reason in some ways why people would kill themselves if society collapsed.
I must have limited emotions because I don't think I would ever grieve to that extent over the loss of society, tho it would be uncomfortable.
I really would like to know what's in their heads. I'll have to find a book by someone who has gone thru a societal collapse to see what it feels/thinks like.
Outsider wrote:
sounds like a tough read
Locked out because I am a short bus editer:
Stress I can see. Loss of all hope due to an economic/political system... huh.
Esp. if it involves losing an oppressive, fear-based system.
And BTW, it surprises me that people would be suspect of JP's article of last evening. As if that couldn't/wouldn't happen in NK?
Outsider wrote:
I think the real issue is the loss of identity. If you define yourself based on your position within a system, the fall of that systems means you have no frame of reference for self.
Outsider,
If you gained a better life in that fear based system and knew that its collapse would leave you at the at the mercy of those you had oppressed would you not want to step out to the barn?
If you define yourself based on your position within a system
Also a foreign concept. I'm not doubting it's real, but seems a strange inanimate relationship, to be so devoted to a system. Maybe if you had paybacks - money, power - which were now wiped away. Dunno. I would like to tell them that it's not so bad living down here on the bottom after all. ha.
And yes nova, that's why I wondered whether it might be based on fear. If I knew they were coming to get me anyway for payback, I might think about not giving them the pleasure. That's one instance where I could envision it.
:the man must be scribbling a lot of notes this morning <---:
My father told me this story only once.
His platoon took fire from a church. It was a sniper. They took casualties. He was the best shot and was a very good into his 70's too. He shot the sniper out of the tower. They checked out the body. It was a 14? year old girl. The believers never go easy.
I think most would fight for what they really believed in. I could see her doing that. [does that contradict the lack of understanding about being devoted to a system? maybe]
Sounds like a shell-shocking scenario for the soldiers. I know they claim my father was shell shocked in the war. I think he was shell shocked from birth tho. I guess they call that PTSD now.
:where's the pig - this bottom conversation needs to go the way of all pigged threads:
YouTube - Spirit: Stallion of the Cimarron Soundtrack - Sound The Bugle - (Track 9)
(for a kids' movie, this has a poignant soundtrack)
ECB lends a TARP of money:
ECB Lends Banks EU489B for Three Years, Exceeding Forecast - Bloomberg
It's a good news, bad news sort of day in Europe.
Italian GDP Contracts, Signaling New Recession - Bloomberg
later
Have a good day, nova.
Rajesh wrote:
Cool. Time to start the Yerpeon Unofficial Problem Bank List.
Mourning,
ies 
Stay warm, kiddies. 
Happy Solstice, Pagans!
Rajesh wrote:
Is this the "good" part?
One more extraneous post for a soon-to-be-dead overnight thread:
Farm Bill 2012: Time For An Overhaul With Innovative Farming Systems
"Most elements of the Farm Bill were not designed to promote sustainability," the "Science" report read. Subsidies have made our food system too dependent on a few grain crops, such as corn and soybeans, which are ultimately used for over-processed food and animal feed. Such an industrial food system damages the environment, and it also damages human health.
Or, as Physicians Committee for Responsible Medicine's Elizabeth Kucinich described in her HuffPost blog, "The beneficiaries of agricultural subsidies laid out in this legislation are the corporations that convert crops like corn into corn syrup and soy into feed for the cows and pigs who end up in a McDonald's wrapper."
Reganold and his co-authors suggest the Farm Bill be altered with a reduction in spending on subsidy programs that hide the risks associated with conventional production systems. In other words, we need to stop paying people to damage our land and our health.
Instead, the report's authors suggest the funds go to farming systems that embrace sustainability by protecting the environment, farmers and communities while still providing abundant and affordable food.
I don't know much about this except that my sustainable ag acquaintances are having fits about it. It's still evolving I believe.
They keep calling this a "liquidity problem", but in actuality it is a **SOLVENCY PROBLEM. ** hence the sell off happening at the moment. $600 billion just doesn't go that far anymore..
Morning CR
Outsider wrote:
Corn and soy are used extensively for meat and dairy production (some is burned for ethanol, but that's another issue). Mostly it's old cattle end up in McDonald's wrappers only after they can no longer reproduce or produce dairy products.
Ironically, I had a client with a lot of unproductive land in the hills of Mississippi. The government paid him $35/acre not to graze cattle which he did, er, didn't do. He let it remain pine forest since he couldn't ever make anywhere near $35/ acre grazing cattle on it.
Outsider wrote:
Strangely, farmers obviously receive lots of government subsidies, vote Republican, and complain about big government.
Ehhh, fuck 'em.
Outsider wrote:
While it's not the direct narrative she pursues in Pavlovsk: The Life of a Russian Palace, Suzanne Massie ends by showing how the collapse of 1917 intersects the lives of a cultural elite in St. Petersburg. If your library has a copy, most of that story appears in chapter eight.
There were serial collapses of provisional governments, privation, requirements for personal documents which changed almost daily, bureaucratic disarray and, through it all, shortages of every kind and the Russian Winter.
The balance of the book is a fair read, despite a kind of preciosity - she's almost literally in love with her subject.
Thanks, burnside.
Not surprisingly, the local library does not have that, but I can try interlibrary loan.