Recent comments

  • I was just reading about the increase in commercial CDSes and buried within is a Unicredit with a 35% chance of a global depression in 2009.

    Reply to: Is a 2009 recovery still possible?   15 years 12 months ago
    EPer:
  • Here's their website, under construction, from an article in the Oregonian.

    From their site, "COLORADO RAILCAR through aggressive innovation has become a leader in developing profitable new pathways for railway transportation. Founder and COLORADO RAILCAR President, Tom Rader maintains exclusive patents on the Ultra Dome, the futuristic railcar he designed 'from the trucks up'."

    JR on Grist

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • "As a nation, we can crawl in a hole and hide. Terrified of Free Trade Agreements like the one with Colombia, which ironically, only benefits US exportes but that America Firsters insist will harm American workers and the economy."

    I'm one of those American Firsters- and I claim that FTAs harm almost everybody they touch, not just American Workers, but American Consumers, foreign workers, foreign farmers, American Farmers.....everybody other than the big corporations.

    OPIC sounds good on it's face- but unless they hold to *ONLY* local economic development (that is, exporting US knowledge and goods for sale in the local market), then they're going to be harming the US Economy.

    Of course, I'm also one of those nuts who thinks that current emphasis on continuous growth in economics is wrongheaded- we should be seeking stable-state local economics, not constant-growth-on-the-backs-of-the-poor international economics.

    Reply to: OPIC Is Out Of Status   15 years 12 months ago
    EPer:
  • They expect retail food prices to increase in spite of the commodity bust.

    I find that one fairly odious considering what is going on.

    If the U.S. is having a full fledged deflationary bust, how's that going to affect your anemic recovery prediction?

    Reply to: A full fledged Deflationary Bust   15 years 12 months ago
    EPer:
  • Denver Railcar? They're the ones who manufactured the high-speed (well, high speed for US) railcars that are going into my neighborhood (Beaverton-Wilsonville Westside ExpresS, aka WES) this January (recession can't touch construction that is already done).

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • ...to be, well, economically populist. I don't know if by that you mean nationalist, economic nationalism not being a dirty word, in my book. I consider myself quite far out on the Left, and I named my dissertation after a quote by maybe the all-time great economic nationalist, Friedrich List: "The power to create wealth". I can't find the full quote right now, but the idea is that the knowledge and capability to create wealth is much more important than owning wealth, and that nations, like individuals, must encourage and protect this knowledge and capability.

    I can rant on some other time about the absurdity of Ricardo's "Comparative Advantage" idea, but suffice it to say that the world economy would obviously function a lot better if every region of the globe was wealthy and had an independent capacity to "create wealth". How else can they trade with each other if they don't all make things that the other wants, and if they can't buy things that the other makes? And yet, in the wonderful world of neoclassical economics, this simple fact seems to be ignored...and thus you get to absurdities like making America "post-industrial" (pre-industrial, really).

    So anyway, here's to economic populism.

    JR on Grist

    Reply to: Manufacturing Tuesday: Week of 12.02.08   15 years 12 months ago
    EPer:
  • and your manufacturing week pieces are one of the main reasons I keep coming back (and in the spirit of diversity and eccentricity, I'm sure I'll have a few that will rub you the wrong way!)

    JR on Grist

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • I have a post about it here, suffice it to say that much of the country has plans for high-speed rail -- although not to hook them together for a national system. this is an excellent academic study.

    As for an American company making trains, I'd be all for it. Some years back my friend, the now late Professor Seymour Melman, wrote a letter to major industrial CEO's, including GE and Ford, asking them to consider making subways, because nobody is a major contractor for subways in this country. They paid him the respect of a personal response, but it was still, "Thanks but no thanks". So the Feds, or group of states, would have to form a new company, I have a feeling, which I think would be a great precedent for further efforts at reindustrialization. But however that works, they will need, at least, technical help from foreign firms.

    JR on Grist

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • Wow

    Whoever is refuting the gentleman's (or gentlewoman) theory of the evil OPIC is quite well versed both on the actual facts and the legislative nuances of the OPIC statue. Mr. Site Administrator I would cede this argument as you obviously have not delved into facts as deeply as your interlocutor. Other than that this is an awfully shallow site. No/stale facts and totally bonkers lefty which I don't mind just put a little thought into it. Geez.

    Reply to: OPIC Is Out Of Status   15 years 12 months ago
    EPer:
  • Unfortunately these people are going off of propaganda, some sales snow job, do not understand how the world is a series of nation-states and probably have never been outside of the United States at all.

    Very cute pooch. Bones, lots, lots, lots, tons of bones, chews. Training: Kimborn liver treats. My dog learned how to fly for them. ;)

    Reply to: Manufacturing Tuesday: Week of 12.02.08   15 years 12 months ago
    EPer:
  • You know, I was at a Borders Books the other day (I was buying John Adams the book for a friend for Xmas), and I was in their lousy cafe.  Anyways, I ended up talking to this guy next to me, and well the economy came up.  I said we need to make America first when it comes to jobs, and he goes and says that's racist because we started wars and ruined "local indiginous" economies with our trade deals.  I was like "fine, forget the trade deals" then he goes on about economic justice and karma.  Fucking karma!?  You got to be kidding me. So I asked him, what he did...asshole worked at the Apple Store across the street at the big mall. 

     

    Yep, I got a pooch!  Oscar's doing well, unfortunately the guy's an eating machine, not good for a wiener dog.  He's a good dog with a big heart, stupid, but a good dog none the less.  He apparantly found a sock that fell out of the dryer (A dryer I may add made in America and running well for at least 15 years!).  Well you know the rest, and I don't think (I hope) he'll try eating another sock.  Like a I said, a good dog, just stupid, but a lovable dog.

     

    Reply to: Manufacturing Tuesday: Week of 12.02.08   15 years 12 months ago
    EPer:
  • but I find this claim sorta dubious. I'm not doubting that there aren't any domestic sources for high speed rail. But if there's money involved, how much you want to bet someone's going to form a company fast? As for plans and designs, there have been such things laying about for decades. I remember reading somewhere that several universties about 15 years ago came up with a plan, it was some sort of project not really mean't to for anything. It was one of those "what if we gave a damn about high speed rail, here's something to work with" kinda projects that politicians said was cool and would do it, but at the end of the day the support would be as visible as one of my dog's farts.

    I think what needs to be stressed is that if someone does come up with something, or the State does, then that domestic sources either be found or fostered for growth. The French started from scratch with their TGV, and the Japanese did so as well with their Taikado Main Line. Why the hell can't we? Too long? Well if it means made in America, I can be patient.

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • In this country it's like the constitution is the bible, but I think the Presidency has way too much power, although JV's comment below gave me shudders!

    Reply to: Answer: "Money talks, Bulls**t walks"   15 years 12 months ago
    EPer:
  • When they promote their nation, it's simply loyalty. When we try to stand up for America's economy and working America, we simply hate brown people or those people need our jobs.

    I seriously have heard this stated many times in certain blogs and it's so absurd it's one of my pet peeves to make sure that sort of mentality isn't pulled over here.

    You have a pooch! Hope the wiener is aok! I have a 6lb dog who is attached to me like something in the movie Alien.

    Reply to: Manufacturing Tuesday: Week of 12.02.08   15 years 12 months ago
    EPer:
  • I have to say, this is probably one of the best God damn blog entries I have read in a long time. And people wonder why I come back to EP? HERE'S WHY!

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • How much "growth" was funded by debt, i.e. home equity loans, over-inflating home evaluations is a very good question. In terms of the dot con, it's really amazing to me just how much manipulation and to me, outright fraud happened in Silicon valley and no accountability at all.

    Everybody who was buddies with another guy was getting millions in funding, no real business plan, no experience to execute and all about the IPO (which is another entire discussion in and of itself). So, my impression is they did take the money and run.

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • National income accounting is sort of fun, once you get into it, although it can look like quite a mess -- the Survey of Current Business is a good place to browse.

    JR on Grist

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • I have a bad feeling that much of the "wealth" that was created in the 2000s (and maybe a bunch in the dot com boom) was not real, and now we have to "pay it back", as it were.

    JR on Grist

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • I'm looking it over and it confirms for me at least fueled by a hollow real estate bubble. I'm also not too thrilled with software publication and it's contribution: suspect outsourcing, immediate impression.

    BTW: On EP you can upload PDFs and then link to them locally or attach them to your blog post.

    Reply to: The U.S. can't survive on services alone   15 years 12 months ago
    EPer:
  • Their percentages are deceptive simply because there are 1.3 billion people in China. Additionally, the cyber war games originating from China, the stealing of U.S. technology and especially advanced military technology, espionage plus their military build up is something to be paid attention to and unfortunately that is completely ignored.

    I'll disagree a tad on the Chinese returning to nationalism. They have always been nationalistic, especially when it comes to economic, trade strategy.

    Reply to: "China at heart of Global Slowdown"   15 years 12 months ago
    EPer:

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