I just read the Obama speech on increasing MPG on cars.
He claims we will spend less abroad and more at home...trying to justify the increased expense on fuel efficient cars vs. long term savings in gas costs.
uh, not if automobile manufacturing is offshore outsourced! No siree! Same import problem we always had.
The answer to this is simple. Get even with credit card companies by cutting up your credit cards, paying them off as soon as possible, and living within your income. That's what I'm doing, and I encourage all to do likewise. The borrower is the slave of the lender.
If wages, income are not there I don't see how housing can recover.
So, can it be said the recession will not recover until the U.S. middle class does?
I tried to pass around your WPA idea, I think that's a dynamite focus and frankly we got lip service on jobs. I need to do a "so, how many jobs were actually created so far by the Stimulus? post.
I've been saying this for four months, that we're at crisis levels.
I suspect Trapdoor Day will end up one of two ways: the stimulus money will be spent wisely and it will be no big deal, or it will be the final straw pushing us into wage/price deflationary spiral.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
And my first thought- this is the end of the beginning of the depression.
So far, we've only had skittish lenders in the credit crunch. This action, is going to create skittish borrowers. I know several "good risk people" who will just pay off their current cards at this point and say goodbye rather than accept the new terms.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
I don't like to fall to conspiracy theories but when you have such a large amount of politicians bound and determined to kill our currency....what else can I think?
When you have a government that is bound and determined to add more and more and more debt...what else can I consider?
What is going on, who is in control....(as they asked in Butch Cassidy & the Sundance Kid) I ask, who are those guys.
Unemployment marches ahead and many people are starting to fall off the government UM radar.
And the stock market keeps advancing. Hm? The citizens are in deep doo doo, the companies are in deep doo doo but the traders are happily buying. I'll eat my hat if this isn't a bear market rally, a suckers rally. My gut tells me around the 10,000 mark (give or take a few) and all the insiders are going to bail with their money.
We've become a nation where once you didn't even need a college degree to get a job to put food on the table for your family, to a nation that thinks blogging can be a vocation.
That the only real way out, is to eliminate privacy from the equation.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
from the MNCs generally. So, good for them trying to get a little more transparency and it's clear they are a target by the MNCs...these guys never learn. There was a study that the financial sector lobbyists basically seeded their own destruction by their own demands and they are still at it. Nothing has changed.
This is such a common practice in Illinois and one that got some of Blagojevich's friends in trouble with the Feds. Cuomo is uncovering an incredibly lucrative business for political insiders and their political beneficiaries.
During the 1918 epidemic, the worst flu in world history, only 1.5% of patients died. Almost every single one of them had some other condition that had pre-weakened the immune system in some way.
The same is true for the thousands of patients who die from the normal influenza virus every year.
Why would the swine flu be any different?
Having said that, I have a tendency to agree. If the communicability is truly that bad (and it can't be- we're talking, at present, about a 1:10,000 chance even if you've traveled to Mexico recently) then the obvious thing to do would be to close the borders and stop international commerce until summer.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
Has anyone else noticed when someone dies of the Swine flu the top headline is "underlying condition"? Magically all have underlying conditions and that is why they died?
I hate media manipulation and to me, that's what this is...they do not want to close the border, do not want to stop commerce at all costs and so instead, to stop a panic we get these sorts of reports.
The Bay Area is already owned lock, stock, barrel by multinational corporations and those federal districts completely gerrymandered so knowing who the real players are and what's really going on is most useful.
It's hard to swim through CA politics so if you're "on the case", looking at it objectively that could really help us out in tracking on it.
The economist wrote an excellent factual article on California, but unfortunately they were also helping Jim Wunderman of the Bay Area Council and his friends. The Bay Area Council are a group of CEO's who plan to sponsor a proposition in 2010 to rewrite the state constitution. They want to have a group of committee members pulled from the jury pool because they claim regular voters are the most dysfunctional part of California. They seriously disturb me. It is not necessary for California to become a corporatocracy. The word is democracy and it depends on elections and a well-informed electorate. Enough tampering with our state constitution through propositions. That is the problem in my opinion. I suggest Mr. Wunderman spend some time recovering the millions scammed from the state by Enron and friends.
Dr. Ellen Brown wrote a book called The Web of Debt which gets into the history of banking and money. I haven't read the book but I have read a lot of essays of hers at www.globalreasearch.ca. Coincidentally, Steve Lendman published his sixth and final article just today, which has been reviewing the book. I had thought about writing a blog about money, the Federal Reserve Act and our troubles, but these people have done it much, much better than I can.
Also, I hope you have read Tyler Durden's fantastic article The Exuberance Glut Or The Dollar-Euro Short Squeeze Race about Global Liquidity, The Shadow Banking System and well, just how much of a shit hole the world is in. It has been making the rounds on a lot of financial blogs including TBP and NC. I don't read that many analysts, but this guy has to be one of the very best anywhere.
Nation-states can play a lot of games in international markets by devaluing their currency. This is what the Chinese Yuan is all about. China has it pegged to the dollar, not floating, which gives them an unfair advantage on a host of issues surrounding trade. By keeping their currency artificially low, they can be the ultimate cheap labor market, costs are much less to build factories, etc. in China.
I just read the Obama speech on increasing MPG on cars.
He claims we will spend less abroad and more at home...trying to justify the increased expense on fuel efficient cars vs. long term savings in gas costs.
uh, not if automobile manufacturing is offshore outsourced! No siree! Same import problem we always had.
The answer to this is simple. Get even with credit card companies by cutting up your credit cards, paying them off as soon as possible, and living within your income. That's what I'm doing, and I encourage all to do likewise. The borrower is the slave of the lender.
If wages, income are not there I don't see how housing can recover.
So, can it be said the recession will not recover until the U.S. middle class does?
I tried to pass around your WPA idea, I think that's a dynamite focus and frankly we got lip service on jobs. I need to do a "so, how many jobs were actually created so far by the Stimulus? post.
I've been saying this for four months, that we're at crisis levels.
I suspect Trapdoor Day will end up one of two ways: the stimulus money will be spent wisely and it will be no big deal, or it will be the final straw pushing us into wage/price deflationary spiral.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
And my first thought- this is the end of the beginning of the depression.
So far, we've only had skittish lenders in the credit crunch. This action, is going to create skittish borrowers. I know several "good risk people" who will just pay off their current cards at this point and say goodbye rather than accept the new terms.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
I've known several conspiracy theorists who have been predicting the fall of the petrodollar as a world reserve currency for the past 25 years.
According to them, it wasn't the invasion of Kuwait that got us embroiled against Saddam, but the threat of selling oil in Euros instead of dollars.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
I don't like to fall to conspiracy theories but when you have such a large amount of politicians bound and determined to kill our currency....what else can I think?
When you have a government that is bound and determined to add more and more and more debt...what else can I consider?
What is going on, who is in control....(as they asked in Butch Cassidy & the Sundance Kid) I ask, who are those guys.
Unemployment marches ahead and many people are starting to fall off the government UM radar.
And the stock market keeps advancing. Hm? The citizens are in deep doo doo, the companies are in deep doo doo but the traders are happily buying. I'll eat my hat if this isn't a bear market rally, a suckers rally. My gut tells me around the 10,000 mark (give or take a few) and all the insiders are going to bail with their money.
We've become a nation where once you didn't even need a college degree to get a job to put food on the table for your family, to a nation that thinks blogging can be a vocation.
This is an astounding post, amazing development and I am so numb from all of the bad news...
today it really hit just how many people are out of work and in a few more weeks...those people are going to start becoming homeless...
that I cannot comment on this. In the morning I will but it just went over my head as so beyond belief I can't absorb it.
Again, in case one gets through, all registered members, you have the ability to delete posts by down rating them.
Please do when you see a spammer get through.
Seebert saw it but nobody else hit the down rate button so they got free link time for a good hour.
They are like locusts.
That the only real way out, is to eliminate privacy from the equation.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
from the MNCs generally. So, good for them trying to get a little more transparency and it's clear they are a target by the MNCs...these guys never learn. There was a study that the financial sector lobbyists basically seeded their own destruction by their own demands and they are still at it. Nothing has changed.
Not one mention of Prop 13? Just "divisive politics" and "direct democracy". Don't be fooled by the Economist's "centrism".
This is such a common practice in Illinois and one that got some of Blagojevich's friends in trouble with the Feds. Cuomo is uncovering an incredibly lucrative business for political insiders and their political beneficiaries.
During the 1918 epidemic, the worst flu in world history, only 1.5% of patients died. Almost every single one of them had some other condition that had pre-weakened the immune system in some way.
The same is true for the thousands of patients who die from the normal influenza virus every year.
Why would the swine flu be any different?
Having said that, I have a tendency to agree. If the communicability is truly that bad (and it can't be- we're talking, at present, about a 1:10,000 chance even if you've traveled to Mexico recently) then the obvious thing to do would be to close the borders and stop international commerce until summer.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
Has anyone else noticed when someone dies of the Swine flu the top headline is "underlying condition"? Magically all have underlying conditions and that is why they died?
I hate media manipulation and to me, that's what this is...they do not want to close the border, do not want to stop commerce at all costs and so instead, to stop a panic we get these sorts of reports.
The Bay Area is already owned lock, stock, barrel by multinational corporations and those federal districts completely gerrymandered so knowing who the real players are and what's really going on is most useful.
It's hard to swim through CA politics so if you're "on the case", looking at it objectively that could really help us out in tracking on it.
(note the pun)
The economist wrote an excellent factual article on California, but unfortunately they were also helping Jim Wunderman of the Bay Area Council and his friends. The Bay Area Council are a group of CEO's who plan to sponsor a proposition in 2010 to rewrite the state constitution. They want to have a group of committee members pulled from the jury pool because they claim regular voters are the most dysfunctional part of California. They seriously disturb me. It is not necessary for California to become a corporatocracy. The word is democracy and it depends on elections and a well-informed electorate. Enough tampering with our state constitution through propositions. That is the problem in my opinion. I suggest Mr. Wunderman spend some time recovering the millions scammed from the state by Enron and friends.
Dr. Ellen Brown wrote a book called The Web of Debt which gets into the history of banking and money. I haven't read the book but I have read a lot of essays of hers at www.globalreasearch.ca. Coincidentally, Steve Lendman published his sixth and final article just today, which has been reviewing the book. I had thought about writing a blog about money, the Federal Reserve Act and our troubles, but these people have done it much, much better than I can.
Also, I hope you have read Tyler Durden's fantastic article The Exuberance Glut Or The Dollar-Euro Short Squeeze Race about Global Liquidity, The Shadow Banking System and well, just how much of a shit hole the world is in. It has been making the rounds on a lot of financial blogs including TBP and NC. I don't read that many analysts, but this guy has to be one of the very best anywhere.
I think midtowng is right, it's Bretton Woods.
Nation-states can play a lot of games in international markets by devaluing their currency. This is what the Chinese Yuan is all about. China has it pegged to the dollar, not floating, which gives them an unfair advantage on a host of issues surrounding trade. By keeping their currency artificially low, they can be the ultimate cheap labor market, costs are much less to build factories, etc. in China.
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