BOOMERBUSTER
OLD CELLO
Friday, September 30, 2011
MARKET EVER SO GRADUALLY OVER DECADES NOW EQUILIBRATING TOWARD GLOBAL POVERTY LEVEL SAY IT ISN'T SO
Prices, wages, and profits, generally all declining, in dribs and drabs, in concert, ensemble,
over decades, toward the bottom,
commodity prices inching up now, but depression holding them back a little.
Avoiding big inflation and deflation along the way, so far,
but, hey, who cares when it's decline anyway?
Is this 'economics'?
Say it isn't so.
We have paid and will continue to pay a huge price, huge price, not just an economics thing, in booming potentially very hostile, very large, and very poor populations merely to temporarily cut costs, and boost short term profits.
term search: Steingart, never much many few, dumb dumber, etc.
over decades, toward the bottom,
commodity prices inching up now, but depression holding them back a little.
Avoiding big inflation and deflation along the way, so far,
but, hey, who cares when it's decline anyway?
Is this 'economics'?
Say it isn't so.
We have paid and will continue to pay a huge price, huge price, not just an economics thing, in booming potentially very hostile, very large, and very poor populations merely to temporarily cut costs, and boost short term profits.
term search: Steingart, never much many few, dumb dumber, etc.
INFLATION OR DEFLATION?
Neither..............a 'red herring'.
Rather, civilizational decline.
Terms search: inflation deflation
Rather, civilizational decline.
Terms search: inflation deflation
RE PHONY FEAR FACTOR NYT KRUGMAN FRAGILE REGIMES EVERYWHERE
He is hampered, in his argument, about the American domestic political situation, by the big globalistic elephant in the room, the fact that businesses he is mostly talking about are the biggest ones, not the smallish ones that are mostly hurting or dogging it.
The MNCS are now mostly manufacturing servicing and even selling from mostly offshore, although their political influence here is at a Fledermausian peak.
These MNCs want fairly weak, but somehow also rather stable, laissez faire regimes, less regulation lower taxes, everywhere, which is what they have mostly gotten, until now.
It cannot go on much longer, unfortunately for all, partly because overly weak regimes fail under stress.
It has been an economists' game of globalization at all spectrums of economist. See his old article "Dutch Tulips and emerging Markets",
at eg 'The Real Payoff to Reform', "Economists have,...".
'Free trade and sound money', a tireless refrain in good times and bad.
Terms search: many terms, eg flatly wrong,
try, lately: Has Western Capitalism Failed?
The MNCS are now mostly manufacturing servicing and even selling from mostly offshore, although their political influence here is at a Fledermausian peak.
These MNCs want fairly weak, but somehow also rather stable, laissez faire regimes, less regulation lower taxes, everywhere, which is what they have mostly gotten, until now.
It cannot go on much longer, unfortunately for all, partly because overly weak regimes fail under stress.
It has been an economists' game of globalization at all spectrums of economist. See his old article "Dutch Tulips and emerging Markets",
at eg 'The Real Payoff to Reform', "Economists have,...".
'Free trade and sound money', a tireless refrain in good times and bad.
Terms search: many terms, eg flatly wrong,
try, lately: Has Western Capitalism Failed?
Thursday, September 29, 2011
Re Has Westem Capitalism failed?
What do you think?
http://www.bbc.co.uk/news/business-14972015
Definitely, long failed even its proponents,
and their children, and their childrens' children.
http://www.bbc.co.uk/news/business-14972015
Definitely, long failed even its proponents,
and their children, and their childrens' children.
Sunday, September 25, 2011
RE CREDIT BEAUTY AND TRUTH KEATS ROBERT MACAIRE CASANOVA AND THE LAISSEZ PIRATE
"Beauty is truth, truth beauty."
Keats
"Ah! credit, that is beautiful!"
Robert Macaire
Credit is truth, truth credit,
the motto of the Laissez Fairy,
also known as Casanova,
whose consort is, shall we say,
The Laissez Pirate
'Who do you think they will bail out, you or me?'
WEAK FAUX RESERVE CURRENCY
Still causes other faux currencies to weaken.
More evidence of universal attack dog market speculation.
More evidence of universal attack dog market speculation.
Saturday, September 24, 2011
RE MONOPOLY CAPITAL SLIPPERY SLOPE plus GLOBALLIZATION
Once too far down this slope, there is no turning back,
no slowing down even,
on the road to destruction.
no slowing down even,
on the road to destruction.
Friday, September 23, 2011
Thursday, September 22, 2011
TWISTING IN THE WIND
Stephanie Flanders
Term search: Zephyr, Laissez Fairy,
Tiring gamblers cashing in their chips
Term search: Zephyr, Laissez Fairy,
Tiring gamblers cashing in their chips
Wednesday, September 21, 2011
RE FRIEDMAN NYT ROLL UP OUR SLEEVES
What sleeves?
Re hard decade or bad century, why not both?
Globalist Friedman's ' Morton's fork '
Re hard decade or bad century, why not both?
Globalist Friedman's ' Morton's fork '
Sunday, September 18, 2011
STEPHANIE FLANDERS GABOR STEINGART INVOKES THE DEEP DOO DOO FAIRY CONVERSATION
He invokes what I have termed 'The Deep Do Do Fairy'
in conversation with her, in this round table discussion:
http://www.youtube.com/watch?v=3iKOJIWB09E
www.zeitgeist.com
Terms search: John Gutfreund, Michael Lewis.
in conversation with her, in this round table discussion:
http://www.youtube.com/watch?v=3iKOJIWB09E
www.zeitgeist.com
Terms search: John Gutfreund, Michael Lewis.
RE ISRAEL: ADRIFT AT SEA ALONE NYT FRIEDMAN
He makes some telling points.
The new state of Israel was never a very good idea, even as a small settlement in 1917, as a WW I strategem.
The US, (and its (too?) powerful pro-Israel lobby as Friedman himself acknowledges), should never have sponsored Israel closely after WW II. Bad idea. This is my view, not his. Such close sponsorship has not been, and will not be, in Americans', including American Jews', and other foreign non-Israeli Jews', interests, going forward.
Here is one suggestion:
We, and other nations, whom we must persuade (Britain and Europe, including Russia, would be high on the list), offer to take various portions of the Israeli Jewish population as citizens. Israel would not go for this, of course, unfortunately, but the alternatives are not going to get any better for anyone.
The new state of Israel was never a very good idea, even as a small settlement in 1917, as a WW I strategem.
The US, (and its (too?) powerful pro-Israel lobby as Friedman himself acknowledges), should never have sponsored Israel closely after WW II. Bad idea. This is my view, not his. Such close sponsorship has not been, and will not be, in Americans', including American Jews', and other foreign non-Israeli Jews', interests, going forward.
Here is one suggestion:
We, and other nations, whom we must persuade (Britain and Europe, including Russia, would be high on the list), offer to take various portions of the Israeli Jewish population as citizens. Israel would not go for this, of course, unfortunately, but the alternatives are not going to get any better for anyone.
Saturday, September 17, 2011
CHURCHILL'S VENN DIAGRAM AT THE TIME OF WW II CONTRASTED WITH MINE RE NOW ON DEGLOBBALIST BLOG
The British Commonwealth is at lower left. The USA is at lower right. Western Europe is at top.
England is at the intersection.
Friday, September 16, 2011
THE LAISSEZ FAIRY'S RACE TO THE BOTTOM KPMG REPORT CHINA AND ELSEWHERE AT THE BOTTOM
http://www.bbc.co.uk/news/business-14926728
http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Press-releases/Pages/china-beyond-sourcing.aspx
At the bottom is The Deep Do Do Fairy.
Terms search: deep do do.
http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Press-releases/Pages/china-beyond-sourcing.aspx
At the bottom is The Deep Do Do Fairy.
Terms search: deep do do.
SMAP IN CHINA FOR CONCERT
The blog would not be complete without an occasional reference, a humanistic theme, to the close musical ties which are developing between these two great Asian nations, as evidenced by this historic musical rock group's visit to China now.
All American globalists, both left and right, working class and entrepreneurs alike, who jointly, or better, blindly, foment free trade and one nationality among all people everywhere, can take heart at this show of globalist friendly affection between these two great Eastern nations.
All American globalists, both left and right, working class and entrepreneurs alike, who jointly, or better, blindly, foment free trade and one nationality among all people everywhere, can take heart at this show of globalist friendly affection between these two great Eastern nations.
BROOKS KRUGMAN AND THE LAISSEZ FALLACY
Today Krugman does well by doing in economics itself.
Brooks does particularly poorly by contrast, and commits what I would nickname
the Laissez Fallacy.
Brooks obviously believes highly in the Laissez Fairy.
Terms search Laissez Fairy
Brooks does particularly poorly by contrast, and commits what I would nickname
the Laissez Fallacy.
Brooks obviously believes highly in the Laissez Fairy.
Terms search Laissez Fairy
BROOKS THE PLANNING FALLACY NYT
Please.
Terms search eg: Brooks.
http://geraldmeaders.blogspot.com/2011/04/re-fast-train-to-nowhere-nyt-editorial.html
Terms search eg: Brooks.
http://geraldmeaders.blogspot.com/2011/04/re-fast-train-to-nowhere-nyt-editorial.html
RE STAND OR FALL TOGETHER NYT
They are not a union; they are jealous sovereign states. That is what they have been for hundreds, in some cases thousands of years.
They do not need to act like a union, but rather throw off the unionist veneer,
and repudiate the globalist commercial and financial mess, glob, the US has pressed them into, for decades, and which is partially responsible for their ultimate plight now.
They do not need to act like a union, but rather throw off the unionist veneer,
and repudiate the globalist commercial and financial mess, glob, the US has pressed them into, for decades, and which is partially responsible for their ultimate plight now.
KRUGMAN NYT TODAY LAISSEZ FAIRY LANDING
At least he connects laissez faire with the freedom it ultimately imparts to those under its siren song.
Kind of a wake up call, calling this economists' gospel concept 'freedom to die',
coming from an economist.
Laissez Fairy as angel of death.
Kind of a wake up call, calling this economists' gospel concept 'freedom to die',
coming from an economist.
Laissez Fairy as angel of death.
RE CHINA BRITAIN AUSTRALIA ETC
China exercises a lot of contractual control over this large southern English oriented continent of Australia.
Another example, going forward, of divide and conquer.
Terms search leverage, Mary Poppins, playing three sides, etc.
Another example, going forward, of divide and conquer.
Terms search leverage, Mary Poppins, playing three sides, etc.
RE PANDERING TO THE GUN LOBBY FLORIDA NYT
Of course Florida voters, like other voters, are not really close to the decisionmakers behind the political parties or funders of such diverse legislation, state by state, across the 50 states.
Rather than the NYT's question at the article's end, Florida voters need to ask themselves, as other benighted voters in all other states in such a system should also, why they vote in a party system getting them these political results.
From a state and local government perspective, call it the end of ' home rule ', (a misguided notion, of a piece with other misguided notions, like ' direct democracy ', in the first place) .
Term search: your state, Lorch, etc.
Rather than the NYT's question at the article's end, Florida voters need to ask themselves, as other benighted voters in all other states in such a system should also, why they vote in a party system getting them these political results.
From a state and local government perspective, call it the end of ' home rule ', (a misguided notion, of a piece with other misguided notions, like ' direct democracy ', in the first place) .
Term search: your state, Lorch, etc.
CHINA CONSOLIDATES GRIP ON RARE EARTHS
Highly to be expected.
That's what one might call leverage.
Where is it directed? Can be anywhere.
Think of it as a political faucet.
Terms search: leverage, Mary Poppins, torrent away, trickle, Washington, dark ages, etc.
That's what one might call leverage.
Where is it directed? Can be anywhere.
Think of it as a political faucet.
Terms search: leverage, Mary Poppins, torrent away, trickle, Washington, dark ages, etc.
Thursday, September 15, 2011
RACE TO THE BOTTOM Bangladesh India Indonesia Vietnam coming to the top of places to do great business BBC WORLD NEWS
Laissez Fairy sightings more numerous now in these backward places.
A race to the bottom of the industrializing world.
China's costs getting prohibitive
compared to these poor devils'.
A race to the bottom of the industrializing world.
China's costs getting prohibitive
compared to these poor devils'.
Tuesday, September 13, 2011
SEX ABUSE VICTIMS SEEK POPE CASE
I think I would.
Setting a precedent, so to speak.
Amicus briefs from Ireland..........etc.
Setting a precedent, so to speak.
Amicus briefs from Ireland..........etc.
RE EU THIS THING WILL COME APART IN DAYS KRUGMAN
Long over due.
And what, under laissez faire capitalism, is wrong with a good old fashion run on a currency or sovereign debt?
Isn't that just good ole laissez faire efficient global capital markets reaching a new level of equilibrium?
Why try to stop such a wholesome process of a search for an honest return, or for safety of an investment?
It's economics stupid.
Globalization fall out.
Term search: inflation deflation.
And what, under laissez faire capitalism, is wrong with a good old fashion run on a currency or sovereign debt?
Isn't that just good ole laissez faire efficient global capital markets reaching a new level of equilibrium?
Why try to stop such a wholesome process of a search for an honest return, or for safety of an investment?
It's economics stupid.
Globalization fall out.
Term search: inflation deflation.
Monday, September 12, 2011
RE BUSH V GORE DK'S CURRENT TOPIC AND THE DARK AGES
I would just point out the difficulties that such a political system caused, merely logistically, for a national election. There are fifty such states in the union.
Florida's counties, each with its picayune idiosyncrasies, were crucial re how they required such things to be done electorally. No major reforms on that front any time soon.
As I have mentioned before, in other contexts, it reminds one of pre Bismarckian Germany, or perhaps the early middle, or better still the dark ages, a quasi feudal welter of minor principalities and political midgets, under historical and diverse aristocratic, regional, 'national', municipal, and/or religious control.
Terms search: your state, Dimon.
Florida's counties, each with its picayune idiosyncrasies, were crucial re how they required such things to be done electorally. No major reforms on that front any time soon.
As I have mentioned before, in other contexts, it reminds one of pre Bismarckian Germany, or perhaps the early middle, or better still the dark ages, a quasi feudal welter of minor principalities and political midgets, under historical and diverse aristocratic, regional, 'national', municipal, and/or religious control.
Terms search: your state, Dimon.
RE ITALY SELLING BONDS AND STRATEGIC COMPANIES TO CHINA
Still more smelling the coffee of globalization which we,
not Europe,
instituted in a big big way after WW II.
Why not have left China where we, the US, found them?
What does one, in the West, accomplish by booming Asia,
in the long run, with resources getting scarcer and scarcer for everyone?
not Europe,
instituted in a big big way after WW II.
Why not have left China where we, the US, found them?
What does one, in the West, accomplish by booming Asia,
in the long run, with resources getting scarcer and scarcer for everyone?
RE KRUGMAN TODAY AN IMPECCABLE DISASTER NYT
My view is not only did we deliver them up to the seeds of this disaster with industrial globalization, and also financial globalization, with a debt debacle they bought into to boot,
but we also set them up with federalization, the EU,
which will make it almost impossible to get out of it,
as our do-nothing system has shown for so long (centuries now) for us, in similar circumstances, with rare exceptions.
At least we have a bad, and now faux, reserve currency,
rather than a common one.
His solution, more bailing out a flawed political integration system,
rather than acknowledge that an uncoupled system would work better than a globalized one.
he mentions fiscalization, as if there were a better alternative.
What would it be?
My answer would have been redevelopmental reindustrialization.
His would be limited, I suppose, to Keynes.
but we also set them up with federalization, the EU,
which will make it almost impossible to get out of it,
as our do-nothing system has shown for so long (centuries now) for us, in similar circumstances, with rare exceptions.
At least we have a bad, and now faux, reserve currency,
rather than a common one.
His solution, more bailing out a flawed political integration system,
rather than acknowledge that an uncoupled system would work better than a globalized one.
he mentions fiscalization, as if there were a better alternative.
What would it be?
My answer would have been redevelopmental reindustrialization.
His would be limited, I suppose, to Keynes.
Sunday, September 11, 2011
FT BRITAIN AND CHINA STRENGTHEN RELATIONS DEALING IN THE YUAN
Really smart idea.
The US has been the dumb and dumber regime in the West, however.
An emerging China divide and conquer ideology?
Nothing new really.
Terms search: playing three sides, Nixon shock, etc.
The US has been the dumb and dumber regime in the West, however.
An emerging China divide and conquer ideology?
Nothing new really.
Terms search: playing three sides, Nixon shock, etc.
RE THE END OF THE ROAD
Wall Street Sector Selector, out of good options:
http://seekingalpha.com/article/292851-end-of-the-road?source=marketwatch
Amen.
Call it 'The Surrender of the West'.
The globalization bubble about to pop:
http://seekingalpha.com/article/292851-end-of-the-road?source=marketwatch
Amen.
Call it 'The Surrender of the West'.
The globalization bubble about to pop:
re banks lead global share declines all economies are fragile yes fragile
Why?
No major wars (think Europe after WW II),
no major political problems in the advanced
or large developing ones.
Why 'fragile'?
Why?
No major wars (think Europe after WW II),
no major political problems in the advanced
or large developing ones.
Why 'fragile'?
Why?
Saturday, September 10, 2011
RE CAIRO DEMONSTRATIONS
As I had noted, we were told to expect some bourgeoise wonder over there.
Get ready for much more of the same, everywhere.
Get ready for much more of the same, everywhere.
Friday, September 9, 2011
RE GOLD STANDARD
http://seekingalpha.com/article/292757-europe-s-crisis-and-the-folly-of-a-gold-standard
There are lessons to be learned from his article,
just not the ones he claims.
There are lessons to be learned from his article,
just not the ones he claims.
RE Treasuries, TIPS, and gold (Wonkish) Krugman's blog
Were gold exhaustible mainly through teeth loss, I would think that the loss were rather small, as few people historically would have had gold crowns in the first place, and many of those would have been recycled anyway; but maybe I am wrong about that.
What I found of interest is the perhaps obvious point
(about globalization's 'profitability outcome' in my view,
rather than just about the price of gold):
Investors realize that what Krugman calls the Lesser Depression will depress returns on investment
(and thus also interest rates)
for a long time to come.
How long is a long time?
How about 'forever'.
Whether his avowedly deflationist account of the gold price is right or wrong or just partial, that is the big point.
(Higher interest rates, in some places, (exported inflation) more a measure of risk than of 'reward'.)
Terms search, eg: inflation deflation
What I found of interest is the perhaps obvious point
(about globalization's 'profitability outcome' in my view,
rather than just about the price of gold):
Investors realize that what Krugman calls the Lesser Depression will depress returns on investment
(and thus also interest rates)
for a long time to come.
How long is a long time?
How about 'forever'.
Whether his avowedly deflationist account of the gold price is right or wrong or just partial, that is the big point.
(Higher interest rates, in some places, (exported inflation) more a measure of risk than of 'reward'.)
Terms search, eg: inflation deflation
Thursday, September 8, 2011
RE BIDEN OR STEINGART RE CHINA
Whom do you believe?
With all his flaws, I would advise going with Steingart.
Decidedly not with Biden.
Terms search: Biden
With all his flaws, I would advise going with Steingart.
Decidedly not with Biden.
Terms search: Biden
MARKOS KAMINIS THE GREEK
'Dead cat bounce recession'
Love that term.
Terms search: Paris commune, Dino
Love that term.
Terms search: Paris commune, Dino
BBC YESTERDAY CURRENCY WAR ON AGAIN
Currency wars, now on heavily,
lead to trade wars,
which then lead to
war wars.
lead to trade wars,
which then lead to
war wars.
RE CHINA'S RISE ISN'T OUR DEMISE DEMOCRATS AND REPUBLICANS HAVE TOLD THE SAME STORY FOR A LONG TIME
As Vice President Biden's last sentence confirms, neither China nor Vice President Biden plan to warn the American people of America's demise.
It will decidedly not be the Chinese who sound such an alarm.
That is the message he has brought back from China. He has been foolish enough to print it.
Americans will see their demise unfold as a surprise.
Term search:
you only live twice, dumb and dumber.
It will decidedly not be the Chinese who sound such an alarm.
That is the message he has brought back from China. He has been foolish enough to print it.
Americans will see their demise unfold as a surprise.
Term search:
you only live twice, dumb and dumber.
NOW FITCH WARNS CHINA BAD DEBT LOCAL GOVERNMENT PROJECTS
Moodys, Fitch, etc., re that bust, to come.
Wednesday, September 7, 2011
RE THE WHOLE TRUTH AND NOTHING BUT FRIEDMAN NYT
This is about as false a picture of this history as one can imagine.
To go back more than "20 years", term search: trading American interests, etc.
To go back more than "20 years", term search: trading American interests, etc.
RE INVEST IN WORKERS CAN THE MIDDLE CLASS BE REBUILT NYT EDITORIALS
Quite a bit too late to be worrying about dirty little economic details like this over here,
especially under the present system,
where a big part of the Presidency's job has seen itself as using the domestic economy as its foreign relations carrot,
for so long now that there is no longer a domestic economy to rebuild,
and where congressmen are funded more by foreign interests than working class domestic ones.
especially under the present system,
where a big part of the Presidency's job has seen itself as using the domestic economy as its foreign relations carrot,
for so long now that there is no longer a domestic economy to rebuild,
and where congressmen are funded more by foreign interests than working class domestic ones.
Tuesday, September 6, 2011
WHERE THE JOBS AREN'T IS WHERE AN EFFICIENT GOVERNMENT ISN'T BROOKS NYT
Brooks talks as if no government can promote economic prosperity for a domestic citizenry.
How can that be?
We have seen that it is not the case.
How can that be?
We have seen that it is not the case.
Monday, September 5, 2011
ECBS TRANSFERRING ASSETS OVER HERE FOR SAFETY RE A EUROZONE COLLAPSE
A run, by them, on their own assets!
(How safe could it be over here?)
Kind of an amazing situation, when you think about it.
http://www.bbc.co.uk/news/business-14785694
(How safe could it be over here?)
Kind of an amazing situation, when you think about it.
http://www.bbc.co.uk/news/business-14785694
RE CHINA'S CHALLENGE AT SEA AND THE FATAL DISTRACTION EDITORIALS
Taken together, the 'fatal distraction' occurred long ago,
here.
Try to guess what it might have been.
here.
Try to guess what it might have been.
Sunday, September 4, 2011
RE BBC ITS CAPITALISM THAT HAS KILLED OFF THE BOURGEOISIE
Great article. It's unrestrained bourgeoise capitalism itself that has ultimately killed off the bourgeoisie capitalist.
This has turned out to be true.
"Everything that is solid melts into air".
A conservative thinker like Kennan reached similar conclusion from the other side. See Mayers, Kennan, p74:
"Western liberalism, ignorant, and indecisive, has
succeeded in conjuring up against itself---out of the
nether regions where they were confined by centuries of
successful French diplomacy prior to 1789--- the evil
spirits of German unity and German imperialism."
Terms search: zephyr, etc.
It was not merely German capitalism or nationalism, that was set afoot, but Western capitalism and imperialism, which self destructed, not merely Germanism.
Blaming Germany only has been a faulty industry in the West.
This has turned out to be true.
"Everything that is solid melts into air".
A conservative thinker like Kennan reached similar conclusion from the other side. See Mayers, Kennan, p74:
"Western liberalism, ignorant, and indecisive, has
succeeded in conjuring up against itself---out of the
nether regions where they were confined by centuries of
successful French diplomacy prior to 1789--- the evil
spirits of German unity and German imperialism."
Terms search: zephyr, etc.
It was not merely German capitalism or nationalism, that was set afoot, but Western capitalism and imperialism, which self destructed, not merely Germanism.
Blaming Germany only has been a faulty industry in the West.
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