Recent comments by RE

Oman wrote:

Frankenstein?.........No, that's Frankenstien........

too funny 

Firemane wrote:

Understand - I worked in Hotel Equipment Leasing for a few years - and became fluent in Indian-accented English. But, I understood when a whole room of people around me had no clue what that nice Indian man just said.

I know the issues well.

Created the first off premise Contact center ASP.

Firemane wrote:

Speakerphone: Yas. I am Vashti Patel. I will be your anathstjyghtignist today. Begin Ivy drip of ten mrggtmghs unintelligium at mrhpheiy per ghrtight.

Reality

If you can get away from the accent, the education and knowledge level, on average, is much higher for Indian reps than U.S. ones.

Rickkk wrote:

I guess that is one way to reduce consumption of saturated fats.

The SVP party has become pretty influential.

Junge SVP St. Gallen wirbt mit Nazi-Diktator: Mit Hitler gegen Ausländer | News | Blick

energyecon wrote:

Where were most of the current inequality proponents before 2009?

Sorry, a bit too quick.

edit: But the essence stands.

Where were most of the current inequality proponents before 2009?

Income Inequality in the US (1/3)

JP wrote:

Well, ignoring that whole epic wealth gap anyway.

Where is congress?

ResistanceIsFeudal wrote:

1950: Awww mom! roast beef AGAIN?

Spam AGAIN?

sm_landlord wrote:

Interesting. Is that tracked and reported?

Yes, in national accounts.

Good night.

Investment Definition

Gross fixed capital formation (GFCF) is defined in the national accounts as acquisition less disposals of produced fixed assets, i.e. assets intended for use in the production of other goods and services for a period of more than a year.

Acquisition includes both purchases of assets (new or second-hand) and the construction of assets by producers for their own use.

The term produced assets signifies that only those assets produced as a result of a production process recognised in the national accounts are included. The national accounts also record transactions in non-produced assets such as land, oil and mineral reserves for example; which are recorded as non-produced assets in the balance sheet accounts and not as GFCF.

Acquisition prices of capital goods include transport and installation charges, as well as all specific taxes associated with purchase.

Rob Dawg wrote:

Cool. Care to explain the necessary body of autopsy evidence that would prove such a thing? Big kid strong arm robs a store, mj in his system, front wounds to hand and all else when the meme is running away. What happened us less an issue than what can be shown what did not happen.

You mean such "front wounds" like the proven lie of the Wilson eye socket injury you posted?

sporkfed wrote:

After every wage gain, my work load more than increases to cover the raise.

The Fed could fix it simply by doing nothing...

sm_landlord wrote:

Hopefully you got out near the top.

Largely, still have a few juniors.

ResistanceIsFeudal wrote:

Yeah, radical shifts of ideology can be the worst.

So now it's the opposite. Never can change occur due to actual learning..

RE wrote:

Note that I was Mish's partner once...

Oh and a goldbug.

ResistanceIsFeudal wrote:

You refuse to learn in order to maintain your ideology.

Mirror mirror on the wall, who is paying for this all?

Note that I was Mish's partner once...

ResistanceIsFeudal wrote:

They've done both very well.

You refuse to learn in order to maintain your ideology.

Not unusual.

JP wrote:

I guess I don't understand why the MSM is finally waking up on this issue.

Job #1 is to maintain per capita nominal GDP. Job #2 is to address distribution.

The Fed can HELP with #1, congress needs to address #2 on its own.

Crickets

sdtfs wrote:

So is it destroying just the principal? Or the interest, too?

Just the principal. Interest is a separate transaction.

Mary wrote:

False.
"Money is primarily destroyed via paying off loan balances or defaulting.

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf 

just as taking out a new loan creates money, the repayment of bank loans destroys money. For example, suppose a consumer has spent money in the supermarket throughout the month by using a credit card. Each purchase made using the bill in full at the end of the month, its bank would reduce the amount of deposits in the consumer's account by the value of the credit card bill, thus destroying all of the newly created money.

KarmaPolice wrote:

The chart says it all. Local elections are much, much worse.

Local elections get very little outside money.

josap wrote:

All they had to do was ask us. Jeez, easier than all the research.

LOL

Princeton Study: U.S. No Longer An Actual Democracy 

Asking "[w]ho really rules?" researchers Martin Gilens and Benjamin I. Page argue that over the past few decades America's political system has slowly transformed from a democracy into an oligarchy, where wealthy elites wield most power.

mr_clueless wrote:

Diener, German term for a morgue assistant

Primary meaning is servant

Diener translation English | German dictionary | Reverso

From McCulley

http://www.interdependence.org/wp-content/uploads/2012/03/Paul-McCulley-Fellows-Paper.pdf

Crowding out, overheating and rising interest rates are also not likely to be a problem as there is no competition for funds from the private sector. For evidence, look no further than the impact of government borrowing on long-term interest rates in the U.S. during the Great Depression, or more recently, Japan.

sm_landlord wrote:

Yes, 100% of economists were dead wrong about yields - MarketWatch

They clearly didn't ask Krugman. Lots of inflationistas.

Aren't you quoting Mauldin often?

Are We in a Bond Bubble? John Mauldin Says Yes, Others...

Former Idealist wrote:

I agree with RE.

The Fed should raise rates to a normalized 5-6%.

You are not only clueless but a baldfaced liar.

Former Idealist wrote:

Stocks don't have the whole Full Faith And Credit meme and is a much easier way to destroy money.....as the Fed doesn't care about money or the supply of it.

Money is primarily destroyed via paying off loan balances or defaulting.

Stocks are assets not money.

Bubblisimo Gerkinov wrote:

You "lost" $50,000.

Yes, and that $50,0000 was never "money" as it was never used in a transaction As Umop said an asset value is just an opinion unless it's confirmed by a transaction.

Rob Dawg wrote:

Fine. To the month since you used month as the metric when to the month did humans start tracking global temperatures?

Jimmy Kimmel addressed deniers very well

Toilet Water PSA - YouTube

SPOOL wrote:

Czars gotta Czar.

Or not czar as emergency hotdog pointed out .

ResistanceIsFeudal wrote:

Reality is here, I see.

Fixed It For Ya

Taxes aren't even on the same planet.

Comrade Gibbon wrote:

You mean where the Federal government took all of the private sector debt onto it's books? That WWII?

Reality is heresy.

Crashes are also a lot cheaper...

Next, somebody is going to claim that it took WWII to get out of the depression. No money printing then.

Pigged ResistanceIsFeudal wrote:

I don't travel their circles, but I imagine they notice one another suddenly growing wealthier...

But let's not dare tax that newly found wealth.

We much prefer a crash because J6P has done so well during banking panics. Snark

ResistanceIsFeudal wrote:

I don't travel their circles, but I imagine they notice one another suddenly growing wealthier...

But let's not dare tax that newly found wealth.

J6P has done so well during banking panics. Snark

ResistanceIsFeudal wrote:

We confused it with sustainable economic growth and a recovery, so I think the plan worked, ultimately.

I'd argue its primary purpose was to boost confidence in the financial system by underpinning MBS values. The direct impact IMO was minimal.

Rob Dawg wrote:

No! Banks live off fees. Thus the massive decline in the velocity of money is far more injurious than any decline in rates.

How different is velocity once you subtract excess reserves? Excess reserves provided a one-time economic boost before retiring to the sidelines.

Rob Dawg wrote:

Discussion of real and nominal GDP and all surrounding it. A must read:

What a silly article. Lots of opinion, short on facts.

  1. The other problem with the skepticism is the implicit assumption that NGDP is some vast thing, and that a central bank would have trouble nudging it this way or that. No, real GDP is a vast thing, and as I said can be pictured in one's mind's eye. NGDP is a tiny thing, no larger than a dollar bill. Suppose the Fed depreciates the one-dollar bills that it has a monopoly on producing, from 1/17,000,000,000,000th of a year's output, to 1/18,000,000,000,000th of a year's output. Then they've just boosted NGDP from $17 trillion to $18 trillion.

What about velocity, latency, etc, etc.

Check out the correlation between money supply growth and nominal GDP.

http://research.stlouisfed.org/fred2/graph/fredgraph.png?g=OeO

Incredible.

fudge_hend wrote:

That's because they didn't have kids.

Smile

Vonbek777 wrote:

Vegetarians have much lower sperm counts - Telegraph

But live longer.

Vegetarian diet linked to longer lifespan - Health News - NHS Choices

... After adjustments, vegetarians (all vegetarians combined) had a 12% reduction in the risk of death from any cause compared with non-vegetarians (hazard ratio (HR) 0.88, 95% confidence interval (CI) 0.80 to 0.97).

Vegetarians also had a reduced risk of death from causes other than cardiovascular disease or cancer (HR 0.85, 95% CI 0.73 to 0.99). More specifically, vegetarians had a reduced risk of death from kidney problems and deaths from hormonal (endocrine) problems. Male vegetarians only also had a significantly reduced risk of death from ischaemic (coronary) heart disease and from cardiovascular disease overall. ...

sporkfed wrote:

Tax policy always picks winners and losers.

Any law picks winners and losers.

Rob Dawg wrote:

I do not begrudge the true costs. What pisses me off are the melded costs like recently when Obama spoke at a UC commencement and took in two fund raisers but the UC speech covered the costs as federal and not political.

Taxpayers pay for Bush's campaign travel - politics | NBC News

Jackdawracy wrote:

Looks like the brothers Koch just missed being the biggest political spenders by only 59 spots.

Signs That the Dark-Money Apocalypse Is Upon Us | BillMoyers.com

... Koch-linked groups ran nearly 44,000 TV ads from January 1, 2013, to August 31, 2014, according to the Center for Public Integrity. Here’s another way of looking at that number: 1 out of every 10 TV ads in that 20-month time period came from a group affiliated with the Kochs’ political network. These groups include the Koch network’s flagship organization, Americans for Prosperity, the American Energy Alliance, Concerned Veterans for America, the Freedom Partners Chamber of Commerce, Generation Opportunity and the 60 Plus Association.

...

Don’t think that the dark-money action is all on the Republican side. Not only do Democrats have their own political sugar daddies — see Tom Steyer, the retired hedge fund investor who’s pledged to spend $50 million of his own money this year on congressional races — but pro-Democratic dark-money groups rank among the biggest spenders in this year’s contests.

Jackdawracy wrote:

How much of the loot in the various quantitative easings went to Citizens United?

I thought I just read that the Kochs are the biggest political spenders.

Jackdawracy wrote:

Yeah, totally taken out of context, and besides it isn't as if he can do whatever he wants, not as long as the puppet masters on Wall*Street are wielding the strings.

With Citizens United that's basic reality except it is money not just Wall Street that reigns.

Rob Dawg wrote:

Indeed it was. I posted the text. Now, Point out the parts with which you disagree and for extra credit compare them to the text in the Civil Rights Bill of 1964 in the US Constitution.

I just told you.

yuan wrote:

What exactly does a small joke about violating diplomatic protocol have to do with 2 cases of transmitted Ebola in a private corporate hospital in the very, very Red Team state of Texas?

I just checked and you are right. Ridiculous out of context quoting. Spin.