Greece defaulting...maybe Americans are more fearful of it than the Greeks themselves

I still think "Greece takes Spartan measures" is my favorite headline ever.

that was one expensive waste of ammunition!

Do you think the Germans go around a lot lately saying to themselves "it's all Greek to me"?

suhweet. another oil rig exploded. that's bullish, right?

I hate those little lines on top of the columns. I'm not a baby, I can read a simple chart, for Pete's sake.

Got to go. Must roll around in olives and convince my neighbors that the olives and my hairy body make me fit for my Neighborhood Union. Wish me luck. If it doesn't go well, I am going to have to live in a yurt in Ireland.

Greece needs a tsunami of Burger Kings to revive their economy:

YouTube - Jose Gonzales & The Knife - Heartbeats (Solarcube Bootleg)

Can You Hear Me Now? 17th Weekly Fund Outflow As Equity Fund Redemptions Accelerate | zero hedge
...

In the meantime, ICI reports we have just recorded the 17th consecutive weekly outflow from domestic equity mutual funds, and what's worse for mutual funds' depleted liquidity ratios, it is now accelerating, hitting a total of $4.3 billion, a more than 50% increase from last week's $2.7 billion. YTD outflows have now hit $54 billion, as ever more capital is going into far safer fixed income instruments. As a reminder, here is what Rosenberg said on the issue yesterday: "As for liquidity ratios, equity funds portfolio manages have theirs at an all-time low of 3.4%, down from 3.8% in June.

Felix Salmon dealt with this a few days ago -

I went one further, and had a look at the ICI’s data on ETF flows. After all, to a first approximation, all ETFs are index funds rather than actively-managed.

Here’s how the numbers break down: total actively-managed mutual funds, both domestic and international, saw a net outflow of $37.7 billion in 2009, and of $24.1 billion in the first seven months of 2010. Meanwhile, passively-managed index funds saw a net inflow of $22.9 billion in 2009, and of $22.4 billion in 2010 so far. But get this: equity ETFs saw net inflows of $69.3 billion in 2009, and another $21.4 billion in 2010 to date.

Those numbers aren’t publicized by the ICI: I had to calculate them using their spreadsheet of monthly ETF data. But if you add it all together, there was a net inflow into equities of $60.5 billion in 2009, and another net inflow of $19.8 billion in the first seven months of 2010. People aren’t pulling their money out of the stock market, they’re just pulling their money out of actively-manged mutual funds in general, and actively-managed domestic mutual funds in particular.

So initially the policy response lowered the default probabilities across all time frames (from red to light blue), but now - after further analysis - the default probabilities have increased for longer time frames (green).

No German rescue CR? And I always assumed (Red ) was Defcon 4....

Vic wrote:

Can You Hear Me Now? 17th Weekly Fund Outflow As Equity Fund Redemptions Accelerate

that just means there's more money on the sidelines waiting to hop back in.

BUSTED: Rahm Emanuel Said "F#$K The UAW" During Auto Bailout Negotiations

A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-term loans. But careless consumers could end up racking up fees and padding bank profits.

Sounds more like an unlimited Credit card to me. Why am I thinking more fraud.

Eric wrote:

that just means there's more money on the sidelines waiting to hop back in.

Yep, I have two dollars just begging to be put back in the market, or a scratch-off... haven't decided yet.

Roubini:
V-Shaped Dreams Evaporate - Forbes.com

With growth nearly stalled, an unstable disequilibrium arises that is likely to tip the economy into a double-dip recession. The unemployment rate climbs, the budget deficit widens because of automatic stabilizers, home prices keep falling, bank losses are much larger and protectionist pressures come to a boil. Stock markets could sharply correct, and credit and interbank spreads could widen as risk aversion increases. A negative feedback loop between the real economy and the financial system could easily tip the economy into a formal double dip: The real economy reaches a near-stall speed and risky asset prices correct downward, leading to a negative wealth effect, a higher cost of capital and reduced business, consumer and investor confidence.

Actually, it looks to me as though we're getting a two-for-one sale on V-shaped recoveries....

glimmerman wrote:

Jobs recovery is stronger than past recessions

Obviously they are unfamiliar with one of my favorite CR graphs: CRimages: Employment Recessions July 2010

Cinco-X wrote:

A negative feedback loop between the real economy and the financial system could easily tip the economy into a formal double dip: The real economy reaches a near-stall speed and risky asset prices correct downward, leading to a negative wealth effect, a higher cost of capital and reduced business, consumer and investor confidence.

which is why dow 10K is being defended by the FedGov.

Eric wrote:

Obviously they are unfamiliar with one of my favorite CR graphs: CRimages: Employment Recessions July 2010

That is the scariest graph of all. The king of

Some would claim that Count Formaldehyde has lost a step or 2, as far as goes, but he's still got it.

glimmerman wrote:

which is why dow 10K is being defended by the FedGov.

Yup; a lot of things hinge on the values of houses, stocks and MBS'. It'll be ugly if/when they go down for real.....

Is there a Gyro King in Greece? Do they use pink slim?

Irish Worries For The Global Economy « The Baseline Scenario 

Under the current program, we estimate each Irish family of four will be liable for 200,000 euros in public debt by 2015. There are only 73,000 children born into the country each year, and these children will be paying off debts for decades to come – as well as needing to accept much greater austerity than has already been implemented. There is no doubt that social welfare systems, health care and education spending will decline sharply.

Watch for renewed emigration from a famously footloose population. If current policies continue, the calamity of the Irish banking system will lead to a much deeper recession and the consequences will be felt for decades. Watch also for further global financial disruption as this kind of deal starts to unravel.

Kind of coincides with your post CR

http://www.bloomberg.com/news/2010-09-01/bank-deposits-drop-as-greeks-eat-into-their-savings-after-salaries-decline.html

Oh and thanks for the blog in your posting.

Ugarte: Heh, you know, watching you just now with the Deutsche Bank, one would think you've been doing this all your life.

This would have got
Conjure misread the "Breakfast with Dave (Rosenberg)" - he didn't say the ISM number was diddled. He said:

1.Most of the regional reports were very poor in August. Either they collectively all wrong or the ISM is.

I can't cut and paste out of the PDF of his musings well enough to paste all the relevant portions in here, but for sure, he's not saying its been fiddled - he just things its wrong in terms of where GDP is, right now - He makes the point that the ISM only covers 10% of the economy.

People can subscribe to his daily musings for free. Just google him and newsletter, breakfast etc..

The meat of the Rosenberg analysis is on ZH.

The Inflation Cure - NYTimes.com

Ken Rogoff is proposing — not for the first time — that the United States use a burst of inflation to get out of its slump.

So how might inflation be achieved? Actually, we have a good example: the end of the Great Depression.

The immediate cause of the depression’s end was, of course, a very large fiscal stimulus, also known as World War II.

From the Krugmeister..

glimmerman wrote:

Jobs recovery is stronger than past recessions

Re: "The summer is not the time you want to be taking the temperature of the economy," he said. "Come September and October, if the data is still weak, I'll sing a different song.""

Retards!

Cinco-X wrote:

BUSTED: Rahm Emanuel Said "F#$K The UAW" During Auto Bailout Negotiations

I don't think there is a person or organization that Rahm has met whom he has not told to go F itself.

He's earnest, Rahm.

Ernest T.

"Ernest T. once lived in a cave for six months with a possum and what other animal?"

Trichet Says ECB to Extend Emergency Bank Lending - Bloomberg

longtimelurker wrote:

BUSTED: Rahm Emanuel Said "F#$K The UAW" During Auto Bailout Negotiations

I don't think there is a person or organization that Rahm has met whom he has not told to go F itself.

Yeah, his band is "Rahm and the F-Bombs."

Juvenal Delinquent wrote:

Is he saying that our sky daddy isn't really?

FTA: “Because there is a law such as gravity, the Universe can and will create itself from nothing. Spontaneous creation is the reason there is something rather than nothing, why the Universe exists, why we exist.” He added: “It is not necessary to invoke God to light the blue touch paper and set the Universe going.”

What is the proper prayer to Gravity?

I was thinking more along the lines of Maybach RFD, if you know what I mean and I think you do.

Vonbek777 wrote:

What is the proper prayer to Gravity?

Where did the Law of Gravity come from?

Vonbek777 wrote:

law such as gravity

The laws are the laws, everything is perfect.

If you believe in gravity, or thermodynamics .... er ahhhh, in for a penny in for a pound?

Mr. Newton had a close encounter with a rogue apple. It was theorized this was just a mass shift after pressing the panic button.

Comrade Janošik wrote:

I challenge you to defy it.

In my mind's eye...I do it every day. Imagination defies entropy, for a while at least, until the brain's cognitive functions start to destabilize.

"http://finance.yahoo.com/news/Jobs-recovery-is-stronger-cnnm-4235276415.html?x=0&sec=topStories&pos=4&asset=&ccode"

glimmerman

that's about the 5th time you've posted this link

At some point your gonna have to choose between the fundamentals you imply above or PPT defending Dow 10k

Earl undergoes change, strong winds extend farther - Yahoo! News

YouTube - The Doors - People Are Strange - Symphonic version

Hah ! There's no point in having strikethrough if you can't edit a post ( guess its because its been replied to ) - what's kcoop gonna do about that ? ( do f a diff on the posts and if the strikethrough + replacement is the only change, allow it ? ).

Anyway, ok
EDIT: he didn't seem to suggest that the ISM number was diddled.

Eric wrote:

But rarely one so deserving. UAW

Yogi to the white courtesy phone, Yogi to the white courtesy phone.

Really sucks when you cannot print and drop buckets of money for obligations you cannot otherwise cover

LoserBeachBum wrote:

Number of stars within 12.5 light years: 33

And even the closest one (not ours of couse) is still just a point source with our finest tools of observation.
I'm quite confident no human will ever see a star other our sun as anything else.

Cinco-X quoted:

The immediate cause of the depression’s end was, of course, a very large fiscal stimulus, also known as World War II.

That's the ticket. Haven't had one of those in so long, there's hardly anyone left who knows hot to fight one... just these whippersnapper push-button jockeys. Hope it doesn't cut into South Park reruns.

Bored Citizens of the HCN (DSL)

Summary:
Co-dependent reality based advertisers bring shrilling daily diatribes on the big blue and white screen with subtle self-selection reinforcing the "citizens" reality based views inside the virtual world

Critical View:
"Look, Shiney !!! " Chatroom Bullshitters Tweetdeck
"I said it once, and I'll say it again, again." Prop-Geezers Wheezing Whimper Weekly

Juvenal Delinquent wrote:

So our sky daddy doesn't look like a stoner surfer?

scone wrote:

With pale skin, light brown hair, and blue eyes. Even as a child, I thought that was weird. I got into major trouble in Sunday school.

It's funny, we had 3 or 4 stoner surfers that looked just like him in high school...

The surfers and the beaners (what everybody called 'Meskins in HS) both wore the same trademark footgear, cheap shoes from K-mart, the only difference being that the former wore blue, while the latter wore black, same shoe otherwise.

longtimelurker wrote:

I don't think there is a person or organization that Rahm has met whom he has not told to go F itself.

Rahm is the Demon behind the throne whispering into His Lordship's ear.

Just a matter of spacetime twisting There is always a way...just have to find it.

Anonymous Bosch wrote:

Rahm is the Demon behind the throne whispering into His Lordship's ear.

Rahm is Grima Wormtongue.

Have a great day.

If wars are really the stimulus people think they are, why didn't OEF/OIF stimulate us into perpetual boom? Methinks war as stimulus works about as well as stimulus in general does.

burnside wrote:

From shill's link, above:

“At this point, the taxpayer has paid enough,” said Brian Lucey, associate professor of finance at Trinity College Dublin. “It’s time to consider strongly if the senior bondholders should bear some pain. The only group that should be totally protected should be the depositors.”

Well?

Yes, I was going to clip and post that, too.

Gary wrote:

Rahm is Grima Wormtongue.

Transferred from Edoras to Gondor....Chicago to D.C. And we're all waiting on that hope of a return of a King/President of merit and worth.

LoserBeachBum wrote:

There is always a way...just have to find it.

Sci-fi optimism. I've studied enough stellar astronomy to convince me otherwise...

Theories are fine, but our human limits are finite. Popping off A-bombs, and swirling around dust in the CERN is about as close as we're gonna get.

adornosghost wrote:

Nope-- North Korean sub with Venezuelan Ninjas trained at Lord Hugo's personal camp did it.
Queen of England put up the cash.

That's good, really good! Sad thing is I will be reading it tonight in the forums, and it won't be snark.

Is Romer Dangy Taggert then?

There is no reason a "very large stimulus" has to be a war. We could do something (gasp) productive with the money.

I have an Idea, and it can be done at the flip of a switch. From here on in everyone's home is now worth $100 million ( for the ants that is )...Ok now go do your civic duty and refi that sucker and go buy a boat, and another home.

The wars do act as a stimulus, our best and brightest minds got Krupp'd by the last upper-middle class corporate jobs, and they did just fine, as did Halliburton and Blackwater. The army got to blow things up, so the MIC could make some more.

This series of profitable endeavors can't go on forever, however.

Juvenal Delinquent wrote:

It's funny, we had 3 or 4 stoner surfers that looked just like him in high school...

The Fresno version:
Lock ‘n’ Load Jesus Mouse Pad | Admit One / mental gymnasium

chapel_of_words wrote:

Alexander the Great didn't invade Persia, he provided stimulus for Macedonia!

It was retaliation don't you know. Persia blinked first. They had it coming.

glimmerman wrote:

which means we need to attack China.

2009's Game of the Year was Fallout 3.
I thought it was quite interesting that the plot was post-apocalyptic (obvious), but the war was with China (not very PC).

you forgot the jocks...

It was retaliation don't you know. Persia blinked first. They had it coming.

Did you see the way Darius was dressed, he had it coming!

I think whoever wrote "was is good for business" A) never lived through one fought on their turf, and B) mistook "some select, limited, crony-capitalist businesses" for "business in general".

longtimelurker wrote:

It should be noted that Krugman was NOT advocating a war.

I know that. But Xinco likes to play dumb on that score, along with the rest of his wingnut pals.

energyecon wrote:

you forgot the jocks...

In my school, hoods = jocks = greasers. We weren't exactly Ivy League.

Comrade Janošik wrote:

Sci-fi optimism. I've studied enough stellar astronomy to convince me otherwise...

"Not only is the universe stranger than we imagine, it is stranger than we can imagine."
~ Sir Arthur Eddington, English astronomer (1882 - 1944)

I hold out hope for spindizzies and nul-inertia fields and n-dimensional folding.

Rob Dawg wrote:

I hold out hope for spindizzies and nul-inertia fields and n-dimensional folding.

Moongates between worlds!

Oxtail wrote:

Most of the industrialized countries in the world have their economies gutted and Krugman is wondering why the US economy did so well after WW2? Wow.

This would be proven by looking at the trade deficit pre and post WW II, if the theory that exports helped us out is correct.

On the other hand, if the other economies were gutted then how did they have the money to import our stuff?

timely ZH: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/RahmDesktop.jpg

*On the other hand, if the other economies were gutted then how did they have the money to import our stuff? *

We are Marshall! 

Vic wrote:

On the other hand, if the other economies were gutted then how did they have the money to import our stuff?

We were China.

Rob Dawg wrote:

I hold out hope for spindizzies and nul-inertia fields and n-dimensional folding.

Me too, but I think our organic construction wouldn't fare too well with n-dimensional anything.

Vic wrote:

People aren’t pulling their money out of the stock market, they’re just pulling their money out of actively-manged mutual funds in general, and actively-managed domestic mutual funds in particular.

Does that translate into "let the computer algos take care of our $$$$"?

Rahm's always been a corporatist. the surprise was that the entire administration was also in bed...

Yalt wrote:

Not without disturbing existing social relations.

Elaborate and I'll opine on whether that's a good or bad thing

longtimelurker wrote:

I don't think there is a person or organization that Rahm has met whom he has not told to go F itself.

I'm sure the reverse is true as well.

Comrade Janošik wrote:

Me too, but I think our organic construction wouldn't fare too well with n-dimensional anything.

That's what the clones and the androids are for.

justaskin wrote:

Does that translate into "let the computer algos take care of our $$$$"?

Does that translate into "let the computer algos take our $$$$"?

Gary wrote:

There is no reason a "very large stimulus" has to be a war. We could do something (gasp) productive with the money

That stimulus Kruggles referred to happened to destroy most of the civilized world's productive capacity while boosting ours. I would hazard a guess THAT (being the sole remaining supplier) had more to do with ending the depression than the spending itself.

Anonymous Bosch wrote:

Hope it doesn't cut into South Park reruns.

Or 'Merican Idle....

Gary wrote:

We could do something (gasp) productive with the money.

Look what happened that last time they flooded the market with liquidity....

Juvenal Delinquent wrote:

already on battlefronts far far away.

Ya mean like the Romans?

Juvenal Delinquent wrote:

There's no crying in cricket...

Are we sure we're talking about vegetables?

Elvis wrote:

What is not to like?

Hairy men rolling around in olives?

Juvenal Delinquent wrote:

Wars cost an amazing amount of money, and we've had twice as long to waste it as World War 1 lasted, already on battlefronts far far away.

Elvis wrote:

That is why we invite the rest of the world to fight the war here. Higher employment, less transportation costs, and destruction of economy-draining, oversupplied homes and buildings. What is not to like?

There's no D9'ing your plan has merit.

What we could do is fly a couple of jumbo jets into some skyscrapers....that will get the eCONomy going...

....oh wait.

Vonbek777 wrote:

Hairy men rolling around in olives?

I get to stay in my Neighborhood Union. The German neighbors decided I needed to stay after I showed them my Luger and acted crazy.

glimmerman wrote:

it's not war so much as taking out the competition. not unlike in business, if a country takes out the productive means of its competitors, its economy will thrive.

which means we need to attack China.

I think they beat us to the punch....

Elvis wrote:

I get to stay in my Neighborhood Union. The German neighbors decided I needed to stay after I showed them my Luger and acted crazy.

Yeah the Germans don't mind the body hair...now further south, the olive rolling is fine, you just have to shave your back.

Rob Dawg wrote:

I find the conclusion both cleverly derived and absent bias.

That's because you are both disingenuous and an ideologue. You're not simple like Lenny bearly.

See Vic's points re: the Marshall Plan.

some investor guy wrote:

Note that one of the reasons for the higher long term concerns is the scheduled expiration of IMF and EU support. Of course, they might be extended, or Greece might turn them down, like Hungary.

A key level of uncertainty is still the outstanding decision as to the legality of the €750 billion European Union rescue package. I know there is a lot of complacency now because the court refused to issue an injunction but I still believe that there is a good chance that the final decision may declare it illegal.

Gary wrote:

See Vic's points re: the Marshall Plan.

The one where he didn't know how we financed our own export economy post WW-II?

OK, so that means that we lent them money to buy our stuff

China....

So how bout that Dow...dead flat 0.00 for a microsecond anyway.

justaskin wrote:

For gods' sake man, which conclusion.

The US infrastructure was largely untouched by WW-II and that was largely responsible for our economic successes in ensuing decades.

Eric wrote:

timely ZH: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/RahmDesktop.jpg 

To Do:

1. Wipe @$ with Constitution
2. Review Daily Extortion tracker
3. Guest on Charlie Rose
4. Pull Wings off flies
5. Win GIg on Dancing with the Stars

Gary wrote:

There is no reason a "very large stimulus" has to be a war. We could do something (gasp) productive with the money.

How does that help the banks?

Gary, I think you must take into account how slowly the Marshall Plan was implemented. Our version of it, reflected in the wiki account, has been idealized considerably.

Some of the exceptionalism which colors our world view today was born of our 'last man standing' status post-WW2.

Anonymous Bosch wrote:

On the other hand, if the other economies were gutted then how did they have the money to import our stuff?

Marshall Plan - Wikipedia, the free encyclopedia

Stimulus...

How does that help the banks?

Cinco you have to talk in baby talk when addressing Gary, he don't speak wingnut.

Juvenal Delinquent wrote:

Dow Jonestown cocktail:

Two nights before Jonestown occurred, they spiked the Koolaid with acid, and everyone had a great time. So, two days later it was easy to get them to drink the Koolaid. That and the threats.

Gary wrote:

Are you suggesting they did something productive with the money?

I'm suggesting that "they" wouldn't know how to something constructive with the money...

i argue with anyone that will listen

that we shouldnt drill (yet) in anwr

not cause im an 'environmentalist" (what ever that is) and i am sortta

but because as oil gets more and more scare 9we will never run out, it will just cost $1000 a barrel some day

so save anwr and lets use their oil up first!

so this article from speigel shout bring it into focus...uh and also

does anyone still doubt why we invaded iraq

'Peak Oil' and the German Government: Military Study Warns of a Potentially Drastic Oil Crisis - SPIEGEL ONLINE - News - International 

"A study by a German military think tank has analyzed how "peak oil" might change the global economy. The internal draft document -- leaked on the Internet -- shows for the first time how carefully the German government has considered a potential energy crisis.... This would result in a permanent supply crisis ...

The issue is so politically explosive that it's remarkable when an institution like the Bundeswehr, the German military, uses the term "peak oil" at all. But a military study currently circulating on the German blogosphere goes even further.

The study is a product of the Future Analysis department of the Bundeswehr Transformation Center,.... It warns of shifts in the global balance of power, ....(and) a "total collapse of the markets" and of serious political and economic crises.

The study, whose authenticity was confirmed to SPIEGEL ONLINE by sources in government circles, was not meant for publication...
The leak has parallels with recent reports from the UK. Only last week the Guardian newspaper reported that the British Department of Energy and Climate Change (DECC) is keeping documents secret which show the UK government is far more concerned about an impending supply crisis than it cares to admit.

According to the Guardian, the DECC, the Bank of England and the British Ministry of Defence are working alongside industry representatives to develop a crisis plan to deal with possible shortfalls in energy supply. Inquiries made by Britain's so-called peak oil workshops to energy experts have been seen by SPIEGEL ONLINE. A DECC spokeswoman sought to play down the process, telling the Guardian the enquiries were "routine" and had no political implications...."

the study goes on to predict a high potential for the collapse of democratic governments

i repeat

21st century apollo energy project...think of it as a national emergency, national defense... do or die

The Gary Marshall Plan was to marry Penny and become a director in Hollywood. Turns out his plan worked. Those Marshalls really get it.

Gary wrote:

The overarching point is that real stimulus (not more bullshit tax cuts) works, and it doesn't have to be a war.

We can and must do better.

Then you should choose a period in time where we can see the effect of real stimulus. Perhaps avoid historical periods where vast swaths of the globe have their productive capacity destroyed which might also have had an effect on the world's economy.

Are you suggesting they did something productive with the money?

Well Duh!, 17% increases in Wall Street bonuses...you silly.

burnside wrote:

Gary, I think you must take into account how slowly the Marshall Plan was implemented.

burnside, before we even get to Marshall: the tired old saw always dragged out is that World War II is what brought the US out of the depression.

It wasn't the war per se but the spending, employment and ancillary effects to the war. We could build things rather than blow shit up - or at least give it a try.

Don't pay any attention to Gary. He's a numbskull. He voted for Hope.

BREAKING

Gold closes 0.4% higher, at $1,253.40 an ounce

And the Dow is roaring...+6.

I wonder if we get the Martian Plan?

YouTube - Jeff Wayne Forever Autumn

Just read that under current estimates of how much energy would be needed to create some kind of "Warp Bubble" or similar space folding technique (which assumes the existence of theorized other dimensions permeating space) is the equivalent of converting at least all of Jupiter into it's mass energy.

Good luck Vonbeck.

shill wrote:

Cinco you have to talk in baby talk when addressing Gary, he don't speak wingnut.

I took him off for awhile, but had to send him back....oh well-

bearly wrote:

He voted for Hope.

Did Reagan beat him out for governor that year? I always liked Bob, and I thought his acquistion of cheap farms around LA to be quite brilliant for a comedian.

bearly wrote:

He voted for Hope.

And bearly lost $50 betting on McSame. Which one of us is the numbskull

Gary wrote:

We could build things rather than blow shit up - or at least give it a try.

Well. This point comes up frequently. And probably is preferable to destruction. Question remains: do we have enough 'stuff' already? Raw resources feeding into manufacturing are finite.

Comrade Janošik wrote:

Just read that under current estimates of how much energy would be needed to create some kind of "Warp Bubble" or similar space folding technique (which assumes the existence of theorized other dimensions permeating space) is the equivalent of converting at least all of Jupiter into it's mass energy.

Good luck Vonbeck.

Last I read there was a (theoretical solution) requiring approximately 7 kg rest mass equivalent,
albeit with negative energy density - which fortunately appears to be prevalent.
Still don't know how to start, or stop one, just how to keep it going once it is there.

But that is just engineering

bearly wrote:

I would hazard a guess THAT (being the sole remaining supplier) had more to do with ending the depression than the spending itself.

so you are saying that right after world war II the rest of the world was importing huge amounts of american production

wrong

us supply and us demand were king...and for a long time

those on the extreme right are desperate to deny that whether the government builds the dam or private industry builds the dam or a consortium...the damn gets built, fields get irrigated, electricity is produced...workers get paid,. and they buy groceries and pay rent and take their families on vacations

edited spelling

Oxtail wrote:

where vast swaths of the globe have their productive capacity destroyed

which means that their ability to consume was destroyed as well. You have not addressed the demand side of the equation.

And bearly lost $50 betting on McSame. Which one of us is the numbskull

If you bothered with either of the 2 you were a numbskull....that entire election was emotional based, on the fact that Bush was a lame duck and at the end ( and beginning for some ) they could not stand the man.

But boy did they love his flag wrapping and HELOC for everyone...then he was the crown jewel if you will.

Obama has given you what? may I ask.

steinly wrote:

cf Betelgeuse Resolved

in case you doubt...

Well that's news to me, still, it's a supergiant and only 640 light years away.

Beware the Pig! Has anyone checked what Ben said? It's ALMOST like a light is going on. almost.

Cruel, Byz. But funny.

chapel_of_words wrote:

Alexander the Great didn't invade Persia, he provided stimulus for Macedonia!

An interesting case has been made that "freeing" the Persian treasury was a key QE measure for the golden age of the mediterranean, with Augustus's liberation of the Egyptian treasury few centuries later doing something similar for Rome.

Gold doesn't do much good locked in a storage room, gotta get some velocity on it.

Gary wrote:

Which one of us is the numbskull

Both of you if you think that the Elephants and Asses give one shit about you.

bearly wrote:

He voted for Hope.

If we write of those who voted for the corporate brands of "False Hope" or "Certain Disaster" there would not be many left to listen to. What about those who voted for "none of the above" or "Roll the Dice (Paul)." Do they get a say?

burnside wrote:

Question remains: do we have enough 'stuff' already?

I'd argue there's plenty of "stuff" we need to help conserve other stuff - high speed rail, alternative energy, sewer/water infrastructure, energy grid, broadband network, etc. I've written here at least 100 times before.

mock turtle wrote:

us supply and us demand were king

Absolutely. We build power plants, refineries, oil production, dams, you name it.

ALl over the world. And sold a lot of shit. Look at the trade surpluses.

bearly wrote:

ALl over the world. And sold a lot of shit. Look at the trade surpluses.

Those damn Muslims again!

aClem wrote:

Beware the Pig! Has anyone checked what Ben said? It's ALMOST like a light is going on. almost.

If a light really did go one, then he most assuredly has a look of shear terror on his face...

Vic wrote:

That probably stimulates your partner.

Partners. Although I like to use the term constituency.

shill wrote:

Hope all is well friend.

Everything is going fine here, shill.
Just enjoying my new yak.
Agent 6.2 - Dagger Kayaks

You could join the Muslin's gauze...

It's funny how tweedledee and tweedledumb are the smartest righty-tightys out there, here.

Republicans and Democrats have screwed this country royally.
But keep fighting amongst yourselves over Red Team Blue Team while TPTB continue to sell us down the river.

Bearly,are you upset because the Dems stole the Republican idea of borrow and spend rather than sticking to tax and spend?

The best thing about high speed rail is the crashes. Just like NASCAR.

Juvenal Delinquent wrote:

It's funny how tweedledee and tweedledumb are the smartest righty-tightys out there, here.

No, there are smart folks on the right here, too. They just don't act like that. Good golly what a lot of back-patting.

At least it gives Cinco a little friend to play with between posting links.

Elvis wrote:

The best thing about high speed rail is the crashes. Just like NASCAR

+10

2:06pm

Oil sheen seen near Mariner Energy rig
LOS ANGELES (MarketWatch) -- An oil sheen 100 feet wide and 1 mile long has been seen near the Mariner Energy production platform

Like New Manhattan Project? The biggest criminals are in MANHATTAN and you want a new one?

mp wrote:

St. Louis Fed: FRED Graph

Noisy data. It looks normal for the productivity to drop sharply a short time after a recession.

Snap analysis: Russia signals much longer grain export freeze
| Reuters

Juvenal Delinquent wrote:

Wars cost an amazing amount of money, and we've had twice as long to waste it as World War 1 lasted, already on battlefronts far far away.

And the US only turned up at the end of that one....just look at the state of Britain, France or Germany at the end of WW1. There is zero appetite for war among the general population in the US unless something like Pearl Harbour happens.

bearly wrote:

Don't pay any attention to Gary. He's a numbskull. He voted for Hope.

Yes, we know, you voted for Kodos.

O well, I'm off to watch Jimmy Cayne and his regular 28 board lunchtime bridge session on bridge base online. That guy has some stamina - plays 56 boards just about every weekday ( or more accurately, whenever I peek in at lunchtime and around 4 during weekdays, he's THERE ) -

The commentariat there is witty enough too.

mp wrote:

--CONJURE'S FUN FACTS--

St. Louis Fed: FRED Graph

Declining productivity seems to be prevalent in the aftermath of most recessions. Are you sayin' it's over now, and we can all go back to our lives?