|
BOOMERBUSTER
OLD CELLO
Sunday, August 7, 2011
RE IN STATE CAPITOLS OFFICIALS TAKE RECOVERY INTO THEIR OWN HANDS NYT STORY
Take a look, for example, at the discussion earlier here, re
the run up to the The Albany Congress of 1754, and the video reference,
to get a sniff of how well those individual states' initiatives might work, big picture, over time.
But hey, good ole, grass roots, free press, journalism here! Keep reading the nyt.
Here was my note re the News Hour, from some months ago, similar thing really:
The big lesson here is politics is really not for blinkered amateurs,
really is a life and death thing, and just voting all the time and watching McNeill Lehrer has not been a good use of the average American's time, going forward.
Terms search: your state, Lorch, etc.
the run up to the The Albany Congress of 1754, and the video reference,
to get a sniff of how well those individual states' initiatives might work, big picture, over time.
But hey, good ole, grass roots, free press, journalism here! Keep reading the nyt.
Here was my note re the News Hour, from some months ago, similar thing really:
The big lesson here is politics is really not for blinkered amateurs,
really is a life and death thing, and just voting all the time and watching McNeill Lehrer has not been a good use of the average American's time, going forward.
Terms search: your state, Lorch, etc.
RE BLIND INDUSTRIALIZATION
The Chinese, Japanese, and Soviets,
did a whole lot of industrialization
in the late 19th early 20th century, without our help.
How much better it has been since then,
especially later 20th century,
with us pulling a lot of weight, on consumption and finance, for them.
Capitalism, a really great thing, going forward.
Recall what W had said......
'These principles are right and true for all people everywhere.'
did a whole lot of industrialization
in the late 19th early 20th century, without our help.
How much better it has been since then,
especially later 20th century,
with us pulling a lot of weight, on consumption and finance, for them.
Capitalism, a really great thing, going forward.
Recall what W had said......
'These principles are right and true for all people everywhere.'
RE ISLAM'S ENTREPRENEURS
High salary positions calling big shots,
like the two billion elsewhere now:
http://www.bbc.co.uk/news/world-africa-14344082
like the two billion elsewhere now:
http://www.bbc.co.uk/news/world-africa-14344082
RE STEINGART
"The West they reason can be defeated with its own weapons."
Quite correct. Something I have been saying for about 25 years now,
but mostly to myself unfortunately, as no one around me agreed with or understood this wild idea.
It really was already obvious, with the Japan hollowing out process in the 60s and 70s, later chronicled in the 80s by several well known authorities; but even then, with the handwriting on the wall so to speak, they were ostracized by the weight of laissez faire, and foreign influenced, opinion.
Quite correct. Something I have been saying for about 25 years now,
but mostly to myself unfortunately, as no one around me agreed with or understood this wild idea.
It really was already obvious, with the Japan hollowing out process in the 60s and 70s, later chronicled in the 80s by several well known authorities; but even then, with the handwriting on the wall so to speak, they were ostracized by the weight of laissez faire, and foreign influenced, opinion.
GABOR STEINGART WHERES THE BEEF?
http://video.answers.com/gabor-steingart-calls-free-trade-a-failure-post-flat-world-516906610
Those were his last words in this lecture. Some of my favorites too, in this context.
See also my prior comments:
Also terms search here: where's beef
among others.
Those were his last words in this lecture. Some of my favorites too, in this context.
See also my prior comments:
Also terms search here: where's beef
among others.
RE WIN TOGETHER OR LOSE TOGETHER THOMAS FRIEDMAN NYT EDITORIAL JOIN OR DIE ALL OVER AGAIN
WIN TOGETHER OR LOSE TOGETHER
We are still, politically, deep down, weak as a kitten.
He, Friedman, actually has some good, or not so bad as usual, ideas this time: Rogoff, mortgages, etc. He actually sounds a little like a 'communist' here. But all within the context of the existing 'framework' of course.
Unfortunately, not much has changed, really, regarding this framework, since the Albany Congress of 1754.
Maybe that is one reason why so many Americans are disenchanted with the current Congress members' performance: it pretends to portray a united entity.
But that was never what the colonists, from each colony, or perhaps more accurately, each big town, wanted, for various reasons. And it was not what they, or we, got.
What was that Conference about? Not what you may think.
A video reference: Before 1776, Allison, Teaching Company, Lecture 29.
We are still, politically, deep down, weak as a kitten.
He, Friedman, actually has some good, or not so bad as usual, ideas this time: Rogoff, mortgages, etc. He actually sounds a little like a 'communist' here. But all within the context of the existing 'framework' of course.
Unfortunately, not much has changed, really, regarding this framework, since the Albany Congress of 1754.
Maybe that is one reason why so many Americans are disenchanted with the current Congress members' performance: it pretends to portray a united entity.
But that was never what the colonists, from each colony, or perhaps more accurately, each big town, wanted, for various reasons. And it was not what they, or we, got.
What was that Conference about? Not what you may think.
A video reference: Before 1776, Allison, Teaching Company, Lecture 29.
Saturday, August 6, 2011
GABOR STEINGART THE OBVIOUS BUT SOMEONE HAD TO TELL YOU OTHER THAN ME
http://video.answers.com/gabor-steingart-on-the-terror-of-globalization-516906607
He is not the only person voicing such concerns.
Michael Howard said things with similar implications long ago,
and certainly others as well, Bobbitt for example.
Prestowitz actually titled a book Trading Places.
I thought at the time that that was pretty obvious.
But he was quickly labeled a Japan basher (rather than a US basher, which was more correct), and must br deluded.
He is not the only person voicing such concerns.
Michael Howard said things with similar implications long ago,
and certainly others as well, Bobbitt for example.
Prestowitz actually titled a book Trading Places.
I thought at the time that that was pretty obvious.
But he was quickly labeled a Japan basher (rather than a US basher, which was more correct), and must br deluded.
RE MERE JOBS CREATION AMERICAN INDUSTRY ECONOMIC NATIONALISM AND YOU
Government jobs creation has long been thought to be a bad ideal, by the private sector which considers government efforts in that direction doomed to failure.
In the latter half of the 20th century, when foreign labor has been a fraction of the cost of ours, they have had a point but not the one they argued above.
The point is, why employ Americans in a global system, at all, any more?
Good point. The private sector has been voting with its feet, because our open system allows off shoring of any job almost.
Jobs are not necessarily done better abroad, but the story long was that government jobs here are not done as well as jobs in the private sector here.
When off shoring picked up, that story added: private sector labor here had wrong skill sets, etc.; when the actual reasons re off shoring were mainly cheaper labor, and less regulation of any kind.
In the latter half of the 20th century, when foreign labor has been a fraction of the cost of ours, they have had a point but not the one they argued above.
The point is, why employ Americans in a global system, at all, any more?
Good point. The private sector has been voting with its feet, because our open system allows off shoring of any job almost.
Jobs are not necessarily done better abroad, but the story long was that government jobs here are not done as well as jobs in the private sector here.
When off shoring picked up, that story added: private sector labor here had wrong skill sets, etc.; when the actual reasons re off shoring were mainly cheaper labor, and less regulation of any kind.
The other big point in this history has been one of failure to innovate at home where off shoring has been available as an alternative to innovation at home. Allowing US promotion of willy nilly very large scale foreign investment, industrialization, and accompanying training and technology transfer, has generally been politically and economically disastrous for the US in the long run, while it often served short term Presidential strategic and diplomatic pretexts and initiatives.
American industry, over the same period since WW II, has also been woefully unable, slothful, indolent, chauvinistic, and short sighted, re reform, in the face of the pace of change in methods. Part of that has to do with the laissez faire system itself, with is short term profitability criteria themselves, the other with cheaper production as an alternative to innovation at home.
So, it hardly a question merely of creating government 'jobs', at this point, as had been the case during the Depression.
One needs, rather, a redevelopmental industrial, trade, and commercial policy,
not merely government spending on make work jobs to try to jump start the same backward and fragmented politicoeconomic system that has gotten us here and will continue in short order to tank completely in the face of the forces we unleashed with modern globalization after WW II.
not merely government spending on make work jobs to try to jump start the same backward and fragmented politicoeconomic system that has gotten us here and will continue in short order to tank completely in the face of the forces we unleashed with modern globalization after WW II.
In order to have
a redevelopmental industrial, trade, and commercial policy here one needs a more rational, economic nationalistic,
political structure than the one we have always had.
(Not, incidentally, politically or militarily isolationist economic nationalism; these terms are often subverted; if you are not for free trade, if you are an economic nationalist, you must somehow be an 'isolationist'; plenty of liberal globalist free traders are globalists, ostensibly for dovish Cobdenist reasons; there are also globalist liberal free trade human rights 'hawks', so to speak.
Additionally, they usually blindly criticize economic nationalism as 'protectionist', a pejorative, implying an inherent domestic industrial and commercial inefficiency, as against Smithian invisible hand comparative advantage efficiency. The 20th century has shown the obsolescence and disastrousness of Smithian comparative advantage and laissez faire concepts, however.)
Additionally, they usually blindly criticize economic nationalism as 'protectionist', a pejorative, implying an inherent domestic industrial and commercial inefficiency, as against Smithian invisible hand comparative advantage efficiency. The 20th century has shown the obsolescence and disastrousness of Smithian comparative advantage and laissez faire concepts, however.)
I do not believe that Americans will move in that direction, that of political reforms directed toward redevelopmental economic nationalism, as I have said before, for a lot of reasons.
Friday, August 5, 2011
RE MARRIAGES AND CONFLICTS OF CONVENIENCE THE WAR OF LAISSEZ FAIRE CONVENIENCE
You have heard of marriages of convenience.
One might with some justice call the Cold War a
" War of Laissez Faire Convenience "
When it 'ended', other excuses, very quickly, surfaced for keeping the laissez faire machine rolling, which had by then become its raison d'etre.
One might with some justice call the Cold War a
" War of Laissez Faire Convenience "
When it 'ended', other excuses, very quickly, surfaced for keeping the laissez faire machine rolling, which had by then become its raison d'etre.
RE END THE DEBT LIMIT NOW NYT EDITORIAL THE SKUNK IN THE JURY BOX
Now the issue of the debt limit is like the skunk in the jury box.
Or the tar baby.
Whoever threw the skunk there, or touches the tar baby,
pays.
Or the tar baby.
Whoever threw the skunk there, or touches the tar baby,
pays.
RE JOSEPH NYE PUNDITOCRACY ALSO KEOHANE THE RIGHT WAY TO TRIM NYT EISENHOWER ASIA PANDER
Joseph Nye,..... Keohane,
Please!
At least Gilpin, at times, seemed to understand some things. He at least was willing to say 'political economy' in the same sentence.
Nye and Keohane, the 'other side', call it the dark side, of the globalization coin in America,
its neo liberal side.
Almost all Americans are either conservative free traders, or liberal free traders. There are almost no non free traders here.
'The right way to trim' would have been to have gotten him, and Keohane, out of academia a long time ago.
Say, have him carry Prestowitz' briefcase, while Prestowitz was giving away the store at Commerce, in trade negotiations with the Japanese, in the 70s. Something like that.
Can't really reeducate him now...
Please!
At least Gilpin, at times, seemed to understand some things. He at least was willing to say 'political economy' in the same sentence.
Nye and Keohane, the 'other side', call it the dark side, of the globalization coin in America,
its neo liberal side.
Almost all Americans are either conservative free traders, or liberal free traders. There are almost no non free traders here.
'The right way to trim' would have been to have gotten him, and Keohane, out of academia a long time ago.
Say, have him carry Prestowitz' briefcase, while Prestowitz was giving away the store at Commerce, in trade negotiations with the Japanese, in the 70s. Something like that.
Can't really reeducate him now...
RE CRAMER AND MAD MONEY MICKEY MOUSE RATING AGENCIES AND OTHER MARIONETTE IDIOCIES S & P
This guy, Cramer, Mad Money or whatever, whoever he is, says 'rating agencies will take center stage next week'
some nonsense like that.....
Rating agencies are the impecunious tools of their masters.
Michael Lewis has a nice discussion in The Big Short;
and way back in the 80s in Liar's Poker, I believe.
If they take some stage, as it seems S & P has now tonight done, with a Mickey Mouse AAA TO AA+, whatever that puerile grading system may imply to anyone.
they will be marionettes, puppets, in English.
Can you say 'marionettes'?
SOMETIMES, when I have really been on my game, tennis, I have crowed that it was like having marionettes.
That's the feeling I am trying to convey....They are under the power of something almost supernatural.
some nonsense like that.....
Rating agencies are the impecunious tools of their masters.
Michael Lewis has a nice discussion in The Big Short;
and way back in the 80s in Liar's Poker, I believe.
If they take some stage, as it seems S & P has now tonight done, with a Mickey Mouse AAA TO AA+, whatever that puerile grading system may imply to anyone.
they will be marionettes, puppets, in English.
Can you say 'marionettes'?
SOMETIMES, when I have really been on my game, tennis, I have crowed that it was like having marionettes.
That's the feeling I am trying to convey....They are under the power of something almost supernatural.
RE JUST CHECKED OUT GABOR STEINGART'S BOOK
He, at least, also acknowledges that The 'Flat World' is a bozo ization of the situation. Who are his secret pets in the globalization process? Almost everyone has some.
I will thumb through this short tomb now.
I like my illustrations better than showing the flat Thomas Friedman world, cracked, on the cover.
Not very illuminating.
Here is something more illuminating:
These civilizations', and nations', trade and commerce are now jammed, by globalization, so far up each others' derrieres' that their respective eyes are all some other color.
Looks a little like this:
Call it 'The Hindenburg',
in honor of Steingart.
I will thumb through this short tomb now.
I like my illustrations better than showing the flat Thomas Friedman world, cracked, on the cover.
Not very illuminating.
Here is something more illuminating:
These civilizations', and nations', trade and commerce are now jammed, by globalization, so far up each others' derrieres' that their respective eyes are all some other color.
Looks a little like this:
Call it 'The Hindenburg',
in honor of Steingart.
RE BIG BUBBLE CHINA CONSTRUCTION CAP AND TRADE BINGE
http://www.youtube.com/watch?v=rPILhiTJv7E&feature=feedwll
Multi part documentary series from not all that long ago.
See also terms search Google:
South China Mall
This bloated bubble, or boil, needs to be lanced in the worst possible way.
Multi part documentary series from not all that long ago.
See also terms search Google:
South China Mall
This bloated bubble, or boil, needs to be lanced in the worst possible way.
RE DOLLAR RESERVE CURRENCY PEACE FREE TRADE AND WORLD WAR TWO
The dollar as the reserve currency was the result of war,
not peace and or free trade;
largely a war fought to the death by Germany and the Soviet Union, overwhelmingly on the Eastern Front, not the Western one.
There were many lesser players including the US.
The War was not 'won', as we ended up with a Cold War, also to some extent a faux war, a war of laissez faire convenience, lasting until 1990.
We and the Soviet Union each lost the Cold War, as other powers have risen during this conflict fought largely with free trade and open market (ours) boom policies, powers brought into prosperity and adversity by the Cold War.
We got less hurt than others after WW II. Ours became the reserve currency ostensibly backed, at least until 1970 or so, by gold.
That is the short of it.
not peace and or free trade;
largely a war fought to the death by Germany and the Soviet Union, overwhelmingly on the Eastern Front, not the Western one.
There were many lesser players including the US.
The War was not 'won', as we ended up with a Cold War, also to some extent a faux war, a war of laissez faire convenience, lasting until 1990.
We and the Soviet Union each lost the Cold War, as other powers have risen during this conflict fought largely with free trade and open market (ours) boom policies, powers brought into prosperity and adversity by the Cold War.
We got less hurt than others after WW II. Ours became the reserve currency ostensibly backed, at least until 1970 or so, by gold.
That is the short of it.
CALL IN THE GENERALS
When your "generals" are
' Consumer Idols ':
Apple, Google, or Amazon,
rather than, say, industrial names like US Steel, Ford, and others, from the long gone heyday of our industrialization,
and other useful generals,
say General Patton, are not around to call,
you've got problems.
' Consumer Idols ':
Apple, Google, or Amazon,
rather than, say, industrial names like US Steel, Ford, and others, from the long gone heyday of our industrialization,
and other useful generals,
say General Patton, are not around to call,
you've got problems.
RE ISOLATED VULNERABLE AND BROKE NYT ARTICLE THE MARKET SYSTEM DEPREDATIONS IN GENERAL
The Market System:
It's Not Just For Immigrants.
'These principles are right and true for all people everywhere'
as W said some years ago.
It's Not Just For Immigrants.
'These principles are right and true for all people everywhere'
as W said some years ago.
Thursday, August 4, 2011
RE THE NEXT STEP FOR THE US AROUND THE CORNER ALREADYTHE INVISIBLE HAND IN BROAD DAYLIGHT
Call it: "laissez fascism", call it:
' The Invisible Hand In Broad Daylight ' or
' The Casanova Hand In Broad Daylight ',
a seeming impossibility. ' Impossible! ' (Cinderella )
The only alternative left apparently to Stagflation, call it Stagnorton (Honeymooners sewer worker),
economic nationalism,
is not on the table, unfortunately.
' The Invisible Hand In Broad Daylight ' or
' The Casanova Hand In Broad Daylight ',
a seeming impossibility. ' Impossible! ' (Cinderella )
The only alternative left apparently to Stagflation, call it Stagnorton (Honeymooners sewer worker),
economic nationalism,
is not on the table, unfortunately.
RE THE DOW A FAUX AVERAGE ANYWAY
It really needs to get into the 10,000s, or 9,000s,
before I start to get mildly interested.
It has long been a faux average, anyway.
Who's kidding who.
before I start to get mildly interested.
It has long been a faux average, anyway.
Who's kidding who.
GOLDFINGER MY FAVORITE ECONOMIST AND THE MARKET A VIDEO REFERENCE FOR JAMES GRANT WITH BEST REGARDS
Bond (on the solid gold laser table): "Wait a minute Goldfinger.
Do you want me to talk?"
Goldfinger: "No, Mr. Bond.
I want you to die!"
My favorite economist, of course,
is Goldfinger, not Grant.
Do you want me to talk?"
Goldfinger: "No, Mr. Bond.
I want you to die!"
My favorite economist, of course,
is Goldfinger, not Grant.
EUROPEAN COMMISSION DAGONG
"We are failing to keep the Eurozone debt crisis from spreading."
Da Gong
Da Gong
RE TEA PARTY SHOULD DUMP THE TEA IF YOU CAN'T PRODUCE IT YOU CAN'T AFFORD IT
I suggest Tea Party Americans should start dumping stocks of nominally American MNC companies producing primarily abroad.
Dump the tea, so to speak.
If you can't produce it, then in the long run,
(and the long run is now down to about 15 years)
you can't afford it, and definitely not, later, your kids,
or their kids.
That's austerity,
not debt ceiling, or dead cat bounce, nonsense.
If you can't produce it, then in the long run,
(and the long run is now down to about 15 years)
you can't afford it, and definitely not, later, your kids,
or their kids.
That's austerity,
not debt ceiling, or dead cat bounce, nonsense.
RE BLOODBATH
Smell the coffee.
http://www.thestreet.com/story/11210149/1/bloodbath-leaves-no-stock-market-safe.html?puc=tscmarketwatch&cm_ven=tscmarketwatch
Cf post today re: bleeding the patient.
http://www.thestreet.com/story/11210149/1/bloodbath-leaves-no-stock-market-safe.html?puc=tscmarketwatch&cm_ven=tscmarketwatch
Cf post today re: bleeding the patient.
RE MARKETS DOWN KNEE JERK MACKEREL TORN QE3 Dagong
'Rather like:
Markets fragile?
Then they must need still more globalization to stabilize them.
Or like bleeding as a medical remedy in the 18th Century:
Patient not recovering after bleeding?
Must need to be bled more.
Paraphrasing Yeats,
"Da mackerel torn,
Da Gong-tormented sea........."
Markets fragile?
Then they must need still more globalization to stabilize them.
Or like bleeding as a medical remedy in the 18th Century:
Patient not recovering after bleeding?
Must need to be bled more.
Paraphrasing Yeats,
"Da mackerel torn,
Da Gong-tormented sea........."
RE GLOBALIST PANDERS OF ONE STRIPE AND ANOTHER
One of my joys on the blog is pointing out weaknesses in globalist panders.
Usually, though globalists, they are often critical of one or another developmental regime (hidden agenda);
back in the 70s 80s, Chalmers Johnson warned of Japan, mainly discussing erroneous US policies (bashing the US) rather than quote 'bashing' Japan,
while he was a big China pander himself apparently.
Similarly, The Coming Conflict with China, written by big Japan panders.
Thomas Friedman, long a big globalist pander; who knows who his 'pets' are, China, also Israel perhaps?
Zakaria, big India pander....................
Ferguson, say perhaps British Isles, his pet for globalism?
Usually, though globalists, they are often critical of one or another developmental regime (hidden agenda);
back in the 70s 80s, Chalmers Johnson warned of Japan, mainly discussing erroneous US policies (bashing the US) rather than quote 'bashing' Japan,
while he was a big China pander himself apparently.
Similarly, The Coming Conflict with China, written by big Japan panders.
Thomas Friedman, long a big globalist pander; who knows who his 'pets' are, China, also Israel perhaps?
Zakaria, big India pander....................
Ferguson, say perhaps British Isles, his pet for globalism?
re old cartoon
http://geraldmeaders.blogspot.com/2010/12/re-too-big-venn-diagram-globalization.html
Since someone has looked at this today, why not reprise it for the rest of you?
I have done many sketches for cartoons on this site.
Terms search: cartoon.
Since someone has looked at this today, why not reprise it for the rest of you?
I have done many sketches for cartoons on this site.
Terms search: cartoon.
ITALY DEFAULT GLOBBALLY LIKELY EU
They are all, not just Italy, globbally fragile.
They are all globbed up (NOT FLAT).
How to get unglobbed?
Unwind EU is the step that needed to be taken long ago.
They are all globbed up (NOT FLAT).
How to get unglobbed?
Unwind EU is the step that needed to be taken long ago.
FAREED ZAKARIA AND CORE WEAKNESS CORE STRENGTH KREMLIN ZUCKERBERG NIALL FERGUSON SMOOT HAWLEY
Assuming he, Zakaria, actually understands (I think he does) how confused his distinction, between politics and economics, is in the first place,
his characterization of the US as having economics as its core 'strength', and politics as its core 'weakness',
is, as so much else in his work,
cynical obfuscation.
Reminds me of the nyt article, not long ago, where Kremlin investors in Facebook were quoted praising Zuckerberg's wonderful 'personality'.
Also reminds me of things in Ferguson's writings (yet another, big, free trade economics pander), such as attributing the Great Depression to Smoot-Hawley,
a thing he, of all people, is in a position to know better. Colossus, p. 285.
his characterization of the US as having economics as its core 'strength', and politics as its core 'weakness',
is, as so much else in his work,
cynical obfuscation.
Reminds me of the nyt article, not long ago, where Kremlin investors in Facebook were quoted praising Zuckerberg's wonderful 'personality'.
Also reminds me of things in Ferguson's writings (yet another, big, free trade economics pander), such as attributing the Great Depression to Smoot-Hawley,
a thing he, of all people, is in a position to know better. Colossus, p. 285.
Wednesday, August 3, 2011
RE FAA
I think it should of course be shut down; that's the law isn't it, for the time being,
and keep it shut down until the law changes,
or permanently.
Americans do not deserve to fly anymore really, in the meantime.
As I once told an old friend of mine, a CEO twice over now, as it happens,
"Americans have the government they deserve".
With the condition of their roads, they are barely in a condition to drive any distance.
Fair enough.
and keep it shut down until the law changes,
or permanently.
Americans do not deserve to fly anymore really, in the meantime.
As I once told an old friend of mine, a CEO twice over now, as it happens,
"Americans have the government they deserve".
With the condition of their roads, they are barely in a condition to drive any distance.
Fair enough.
RE RIGHT NOW
I would say military hardware, mercenary corporations, spyware technology, McDonalds, and gold.
What else,
for the foreseeable future is there,
really?
What else,
for the foreseeable future is there,
really?
RE INDIA RESOURCE ETFS REDUCING EXPENSES SASSY IDEA INDIA
DIVE ON THOSE RARE FEE REDUCTIONS,
both hands both feet, savvy,
sassy, investors.
So hard to find any rock to hide under right now.
both hands both feet, savvy,
sassy, investors.
So hard to find any rock to hide under right now.
RE MOODYS STANDARD & POORS etc
Re the US 'RATING' I would go with
DAGONG:
"...We should not be optimistic about it...."
DAGONG:
"...We should not be optimistic about it...."
RE RANDALL COLLINS BOOK THE SOCIOLOGY OF PHILOSOPHIES
I am starting in on this tome.
My problem is,
I am having trouble holding it up;
and
I have the paperback!
My problem is,
I am having trouble holding it up;
and
I have the paperback!
MARKETS ARE GOING TO
Trickle down.
Everything about that seems so so right.
Call it: Taking Rights Seriously
' Trickle Down Capitalism '
Everything about that seems so so right.
Call it: Taking Rights Seriously
' Trickle Down Capitalism '
RE I AM CLUELESS ON INVESTING
Re blogger-index copycats:
Reminds me of Peter Schiff's criticism of the ' pump and dump sters '
infecting his posts re interest rates.
Further,
I nor any one copying my site, could give one real investment advice,
as I am really, on investments, clueless.
My comments on the securities or commodities market, or particular products, are really intended as bad jokes, in general, or open ended questions, or nonsense.
Reminds me of Peter Schiff's criticism of the ' pump and dump sters '
infecting his posts re interest rates.
Further,
I nor any one copying my site, could give one real investment advice,
as I am really, on investments, clueless.
My comments on the securities or commodities market, or particular products, are really intended as bad jokes, in general, or open ended questions, or nonsense.
RE EUROPEAN MARKETS CONTINUE GLOBAL SELL OFF BBC WORLD NEWS TODAY
Call it liposuction of the bubblelized blobbal market.
Not a pleasant, but a necessary, ie not elective surgery, operation, I am afraid,
given the situation.
Not a pleasant, but a necessary, ie not elective surgery, operation, I am afraid,
given the situation.
Re gold
The average Joes are smelling a little economic big picture coffee, finally,
and diving into gold,
like lemmings.
and diving into gold,
like lemmings.
RE THE STRIKE THAT BUSTED UNIONS
This is really a partisan rant disguised as modern history.
Not that it doesn't contain scintilla of truth re Reagan, who was disastrous in so many ways for the average American;
but what, really, is a scintilla of truth worth?
To really see what kinds of things really broke unions,
and more importantly, ultimately has broken middle and lower class America generally,
one needs to begin with a little monograph often referred to here:
Terms search: Trading American Interests, etc.
Not that it doesn't contain scintilla of truth re Reagan, who was disastrous in so many ways for the average American;
but what, really, is a scintilla of truth worth?
To really see what kinds of things really broke unions,
and more importantly, ultimately has broken middle and lower class America generally,
one needs to begin with a little monograph often referred to here:
Terms search: Trading American Interests, etc.
Tuesday, August 2, 2011
RE PUTTING AN ANTEBELLUM MYTH TO REST
Why not also advert to another myth,
near and dear,
that of the
"'Thanksgiving day', nuclear and extended,
colonial American family"
founding fathers.........
or mothers for that matter.....
they often died off early, take Jefferson, etc...etc
See 'Family Life and Work In Colonial America', Allison, Teaching Company lecture, in volume II.
Kind of a 'heads up'.
near and dear,
that of the
"'Thanksgiving day', nuclear and extended,
colonial American family"
founding fathers.........
or mothers for that matter.....
they often died off early, take Jefferson, etc...etc
See 'Family Life and Work In Colonial America', Allison, Teaching Company lecture, in volume II.
Kind of a 'heads up'.
RE KEYNES versus HAYEK RAP VIDEO
http://www.youtube.com/watch?v=d0nERTFo-Sk
Unfortunately. the real issues pass both of them by.
Sorry.
Unfortunately. the real issues pass both of them by.
Sorry.
RE AMERICAN INVESTORS SCREWED
ITS ABOUT TIME,
DON'T YOU THINK.
SMELL THE COFFEE.
'GAME OVER', AS I LIKE TO SAY.
YOU FIGURE IT OUT.
RE THE DOW AT SAY 9000 Bizarro Rawls Economics
Not only seems eminently doable,
right and proper,
but also
'justice as fairness' call it
Bizarro Rawls Economics,
'The Conscience of a Global Social Contractarian'
in a way.
right and proper,
but also
'justice as fairness' call it
Bizarro Rawls Economics,
'The Conscience of a Global Social Contractarian'
in a way.
RE FAREED THE POST AMERICAN QUOTING ANDY GROVE INTEL FOUNDER p 50 AND CEOS GOING PALIN
cited from Prestowitz' Three Billion you know whats:
"...DOWN THE TUBES... NOBODY KNOWS IT..."
Say what.
Guess what, CEOS have long known it.
They ' WENT PALIN '
CALL IT:
GOING PALIN
"...DOWN THE TUBES... NOBODY KNOWS IT..."
Say what.
Guess what, CEOS have long known it.
They ' WENT PALIN '
CALL IT:
GOING PALIN
TO THE STOCK MARKET
Go for the gold ,
so to speak.
Very predictable.
Some gamblers are just now waking up from the day trade somnambulism.
Terms search:
tired gamblers cashing in their chips
so to speak.
Very predictable.
Some gamblers are just now waking up from the day trade somnambulism.
Terms search:
tired gamblers cashing in their chips
Monday, August 1, 2011
re smack down punishment dog house for laissez faire civilizational decline the dow and you
The Dow, permanently in the dog house now,
should really go to say 8,000, or less,
but with QE...,
who knows,
say 9,
and more or less stay there,
for the rest of my lifetime.
Call it ' smack down '
should really go to say 8,000, or less,
but with QE...,
who knows,
say 9,
and more or less stay there,
for the rest of my lifetime.
Call it ' smack down '
Sunday, July 31, 2011
RE BBC NEWS ARTICLE GOOGLE YAHOO ALIBABA
(see also:
NEWS OF THE WORLD, MILITARIES, BIG BANKS Goldman BIG GOVERNMENTS Russia China ENTREPRENEURS Zuckerberg Ma etc.)
positioning, somehow, for the 'new realities',
so to speak.
Do you think anyone here is playing three, or more sides?
Terms search eg: playing three sides, fattening things up
NEWS OF THE WORLD, MILITARIES, BIG BANKS Goldman BIG GOVERNMENTS Russia China ENTREPRENEURS Zuckerberg Ma etc.)
positioning, somehow, for the 'new realities',
so to speak.
Do you think anyone here is playing three, or more sides?
Terms search eg: playing three sides, fattening things up
RE BRING BACK POPPY THOMAS FRIEDMAN NYT SCIENCE FAUX YARN
It's hard to find anything really credible in things he writes.
He associates 'science' with 'cap-and-trade'.
That is about the last thing I would have thought of, regarding the term 'science' .
CAT has much more to do with marketizing so called environmentalism (neither real environmentalism; nor in the CAT context, real science),
removing the authority of government over a crucial area,
and overwhelmingly about booming,
and also most importantly bubblelizing,
globalization
with huge cap-and-trade driven developmental industrialization growth
elsewhere.
The main 'science' being discussed here is not actually environmental science, except incidentally, but
laissez faire free market economics, for carbon credits, etc., , once again.
Unfortunately, someone like David Brooks, an armchair 'science' pundit, who dishes out small narrow bits of 'science' insights as from a cafeteria menu, cannot help Friedman here, with his science terminology problem, or with his similarly Republican political gloss on that subject.
He associates 'science' with 'cap-and-trade'.
That is about the last thing I would have thought of, regarding the term 'science' .
CAT has much more to do with marketizing so called environmentalism (neither real environmentalism; nor in the CAT context, real science),
removing the authority of government over a crucial area,
and overwhelmingly about booming,
and also most importantly bubblelizing,
globalization
with huge cap-and-trade driven developmental industrialization growth
elsewhere.
The main 'science' being discussed here is not actually environmental science, except incidentally, but
laissez faire free market economics, for carbon credits, etc., , once again.
Unfortunately, someone like David Brooks, an armchair 'science' pundit, who dishes out small narrow bits of 'science' insights as from a cafeteria menu, cannot help Friedman here, with his science terminology problem, or with his similarly Republican political gloss on that subject.
Saturday, July 30, 2011
RE FAKE BUBBLE RECOVERIES OF FIRMS AND COUNTRIES CAN YOU SAY FAUX RECOVERIES
We see these everywhere now in profusion.
They are mostly all faux recoveries,
if you know what I mean.
They are mostly all faux recoveries,
if you know what I mean.
RE NEW YORK JUDGES AND THE BIG BIG BANKS NEED A RAISE NYT
This kind of article keeps the sluices of the overly free laissez faire press well oiled, doesn't it?
Take a glance at the 'system' depicted.
Duplication and anomaly everywhere,
but not to focus, in the media, too hard,
on something like that!
See also below, re banks and the media, pets of political judiciary.
Take a glance at the 'system' depicted.
Duplication and anomaly everywhere,
but not to focus, in the media, too hard,
on something like that!
See also below, re banks and the media, pets of political judiciary.
RE THE MADOFF TRUSTEE'S BAD DAY THURSTON AGAIN NYT TODAY
Federal judge delivers a big loss to everyone but the banks.
Big bail out not limited to the legislature.
Thurston:
Who do you think they will bail out, you or me?
Terms search Boca, Thurston
Big bail out not limited to the legislature.
Thurston:
Who do you think they will bail out, you or me?
Terms search Boca, Thurston
RE FOUNDING TEA PARTY FATHERS
What nonsense, re the history, not the politics, of such a statement:
Pilon: "It took 80 years for John Locke’s ideas about liberty to find their way into the Declaration of Independence. It took another 90 years for those ideas to bring an end to slavery. The limited-government ideas that the Tea Party has brought back to the surface are just now being felt in Congress. This is no time to abandon them."
Locke also had written the Charter for South Carolina,
wisely keeping control in the hands of the aristocracy.
How long did those Lockean ideas persevere?
What ideas is Pilon not referring to?
Take a look at Bailyn's
The Ideological Origins of the American
Revolution, the early chapter.
Pilon: "It took 80 years for John Locke’s ideas about liberty to find their way into the Declaration of Independence. It took another 90 years for those ideas to bring an end to slavery. The limited-government ideas that the Tea Party has brought back to the surface are just now being felt in Congress. This is no time to abandon them."
Locke also had written the Charter for South Carolina,
wisely keeping control in the hands of the aristocracy.
How long did those Lockean ideas persevere?
What ideas is Pilon not referring to?
Take a look at Bailyn's
The Ideological Origins of the American
Revolution, the early chapter.
Friday, July 29, 2011
RE TURKEY MILITARY COMMANDERS MASS RESIGNATIONS
Go figure.
Related note:
Egypt's top brass looking more hawkish than the 'liberal international economic order' types painted by the US military going into the revolution;
why?
You try to fathom it.
Related note:
Egypt's top brass looking more hawkish than the 'liberal international economic order' types painted by the US military going into the revolution;
why?
You try to fathom it.
RE SECOND TEST MATCH ENGLAND VERSUS INDIA
Should really have been a colonial contest,
in the larger scheme of things.
That's not cricket, what.
Wait and see.
Sorry, I side with Churchill on ths subject, 1947.
In very different ways, as unhelpful a nation state for the West as Israel, going forward.
in the larger scheme of things.
That's not cricket, what.
Wait and see.
Sorry, I side with Churchill on ths subject, 1947.
In very different ways, as unhelpful a nation state for the West as Israel, going forward.
RE 60 YEAR HOUSE OF CARDS OF BLIND ANTI COMMUNIST GLOBALIZATION NOW BEGINNING TO TUMBLE DOWN IN AN AVALANCHE
Tell me why I am wrong about this.......
Even Fareed, India pander extraordinaire, acknowledged this, in a background passage, cited earlier here, in The Post America....
He sees, in the book at least, of course, a relentless if slightly rocky march to higher ground for developmental regimes, among which of course he lumps his pet.
Wants to uncouple the US trampy, and in his judgment, economically perverted, relationship with China, so his pet economic slut, India, can couple ever more closely with it, going down and forward.
Who can blame him, in the Casanova Hand world of the laissez faire marketplace for economic partners? (terms search,... Casanova Hand, etc.)
I don't necessarily see that as on the long term cards.
RE MARKETS FRAGILE YES FRAGILE GILLIGAN'S ISLAND DEAD AHEAD
Most all 'investors' really, now are more or less short term, flipping, flopping on the deck, with few 'safe havens', Gilligan's Island looming on the horizon, gamblers,
and they mostly know it.
and they mostly know it.
RE THE CENTRIST COP-OUT KRUGMAN NON REFORM RANT
The problem with American politics right now is Republican intransigence. Of course, they are the worst 'symptom' right now.
But, at the deeper level, not just 'right now', several problems with this.
It is really still a cop out, by almost all Americans, including Krugman,
to acknowledge that they really need a better political system.
They don't need merely a tweak toward more tax and spend, because that has not worked to keep us in front of political competition in other places.
But, at the deeper level, not just 'right now', several problems with this.
It is really still a cop out, by almost all Americans, including Krugman,
to acknowledge that they really need a better political system.
They don't need merely a tweak toward more tax and spend, because that has not worked to keep us in front of political competition in other places.
Thursday, July 28, 2011
RE JUDSON PHILLIPS TEA PARTY PRESIDENT SURVEY DO YOU THINK PRESIDENT OBAMA IS DOIND A GOOD JOB?
I will answer that with another question, Judson:
Do you walk to school, or carry your lunch?
Do you walk to school, or carry your lunch?
RE OBAMA AND HIS DISCONTENTS NYT
He's got Obama, in this editorial, on the Freudian 'couch', not a really good context to understand what he is referring to here.
Term search, Freud.
(See also, Civilization And Its Discontents )
Unfortunately, there's no room for him, too, on the couch I recently showed, thin as he is.
Term search, Freud.
(See also, Civilization And Its Discontents )
Unfortunately, there's no room for him, too, on the couch I recently showed, thin as he is.
RE THIS IS CALLED SMALL GOVERNMENT NYT TODAY F.A.A. YOUR STATE
Not that I am not in favor of drastic reforms of the whole system,
but this demonstrates the very longstanding poverty of political insight here, and the dead end of the existing party game.
Most Americans don't really fathom what such a fiscal situation can mean, apart from inconvenience. Having once represented an airport operationally controlled by the F.A.A., I at least have a clue.
Operationally, I guess it may mean different things, in places where the FAA has run airport flight operations.
Perhaps states, or even local communities need to take back airport operations from the FAA. Big wasteful bureaucracy.
Why not move air traffic control operations to, say, China, similarly to GE's recent decision to move its X ray unit there (not India)? Set up call centers there to direct air traffic around our cities? Use, eg Google Earth, (also say Gaggle Earth, Gobble Earth), as the source of flight data?
Makes a lot of good entrepreneurial maverick mutton busting sense to me.
Terms search: your state; why Iowa, Minnesota, city, county.
but this demonstrates the very longstanding poverty of political insight here, and the dead end of the existing party game.
Most Americans don't really fathom what such a fiscal situation can mean, apart from inconvenience. Having once represented an airport operationally controlled by the F.A.A., I at least have a clue.
Operationally, I guess it may mean different things, in places where the FAA has run airport flight operations.
Perhaps states, or even local communities need to take back airport operations from the FAA. Big wasteful bureaucracy.
Why not move air traffic control operations to, say, China, similarly to GE's recent decision to move its X ray unit there (not India)? Set up call centers there to direct air traffic around our cities? Use, eg Google Earth, (also say Gaggle Earth, Gobble Earth), as the source of flight data?
Makes a lot of good entrepreneurial maverick mutton busting sense to me.
Terms search: your state; why Iowa, Minnesota, city, county.
Wednesday, July 27, 2011
RE OBAMA TWISTING AND TURNING UNTIL THE NEXT ELECTION
See David Kaiser's recent posts re the debt ceiling, conservative politics, and President Obama's election calculus, and the current political situation.
In my view, President Obama is likely to do what many incumbent Presidents have done in the past, in order to deflect the false impression of responsibility for bad current economic conditions, a course seemingly built into the American electoral system for the Presidency, that is, to
either take more aggressive steps to get out of existing bad military situations
(largely brought on by prior Presidents' desperate elections related decisions with which he is also, now, falsely, blamed, and strapped);
or, to (falsely) declare an impending threat from abroad, which he can then rally patriotic voters behind a new military adventure against, before the election;
or, both.
See also nyt today, re Obama and the Emancipation Proclamation, another spur of the moment decision, based perhaps more on military expediency, at that time, than on an electoral calculus.
Terms search: property rights.
In my view, President Obama is likely to do what many incumbent Presidents have done in the past, in order to deflect the false impression of responsibility for bad current economic conditions, a course seemingly built into the American electoral system for the Presidency, that is, to
either take more aggressive steps to get out of existing bad military situations
(largely brought on by prior Presidents' desperate elections related decisions with which he is also, now, falsely, blamed, and strapped);
or, to (falsely) declare an impending threat from abroad, which he can then rally patriotic voters behind a new military adventure against, before the election;
or, both.
See also nyt today, re Obama and the Emancipation Proclamation, another spur of the moment decision, based perhaps more on military expediency, at that time, than on an electoral calculus.
Terms search: property rights.
RE THOMAS FRIEDMAN CAN'T WE DO THIS RIGHT? NYT EDITORIAL WELCOME TO THE POST AMERICAN WORLD
He is still spouting the nonsense and mythology he has regularly spun out here.
If Friedman were right here, how then, based on it, did we get to Zakaria's Post American World?
I especially appreciated Zakaria's quote from Friedman, concern for his childrens' economic future, when there are all these poor groveling Indians,
basically willing to 'work for food',
see The Post American World, p. 50,
'Oh My God,...'.
Smell the coffee.
Another key point is Zakaria's acknowledgement that the US, really, created its own doom over the past 60 years,
a point I have harped on here ad nauseam,
see The Post American World, p 60-61.
Don't get me wrong, Zakaria is wrong, intentionally misleading, or dissembling, about a multitude of things, but some truths he stumbles or blunders into,
eg this one, and his remark re Churchill's comment about India, as a mere geographic term.
See also, terms search: Patton.
If Friedman were right here, how then, based on it, did we get to Zakaria's Post American World?
I especially appreciated Zakaria's quote from Friedman, concern for his childrens' economic future, when there are all these poor groveling Indians,
basically willing to 'work for food',
see The Post American World, p. 50,
'Oh My God,...'.
Smell the coffee.
Another key point is Zakaria's acknowledgement that the US, really, created its own doom over the past 60 years,
a point I have harped on here ad nauseam,
see The Post American World, p 60-61.
Don't get me wrong, Zakaria is wrong, intentionally misleading, or dissembling, about a multitude of things, but some truths he stumbles or blunders into,
eg this one, and his remark re Churchill's comment about India, as a mere geographic term.
See also, terms search: Patton.
RE CHURCHILL AND INDIA AND ZAKARIA
India merely a "geographic term, with no more political personality than Europe".
Zakaria says Churchill was mostly wrong about India, but not this part. Churchill was mostly right about India.
Zakaria compares India with the US. Good comparison, really, given Churchill's point.
Great blunder, one of many, to have pushed for independence there.
Zakaria says Churchill was mostly wrong about India, but not this part. Churchill was mostly right about India.
Zakaria compares India with the US. Good comparison, really, given Churchill's point.
Great blunder, one of many, to have pushed for independence there.
RE BONDS
BBC World News
http://www.bbc.co.uk/iplayer/console/p00j0kyw
A UK audio reference:
"It's The End Of The World As We Know It"
http://www.bbc.co.uk/iplayer/console/p00j0kyw
A UK audio reference:
"It's The End Of The World As We Know It"
RE LUCIAN FREUD AND THE END OF THE COUCH ANALYTIC TRADITION A BURSTING BUBBLE
" Benefits Supervisor Sleeping " represents, does it not, the end, in a vivid way, of his grandfather, Sigmund Freud's, couch or sofa psychoanalytic tradition?
A rebuttable presumption, in the law of evidence,
otherwise known sometimes as a ' bursting bubble ' presumption.
A rebuttable presumption, in the law of evidence,
otherwise known sometimes as a ' bursting bubble ' presumption.
Tuesday, July 26, 2011
RE WAGNER AND ISRAEL
I enjoyed Jonathan Steinberg's lecture on Wagner, Teaching Company, European History, European Lives.
Poignant, really.
Apparently he was Milton Steinberg's son.
Poignant, really.
Apparently he was Milton Steinberg's son.
RE GE MOVES Y-RAY UNIT TO CHINA BBC WORLD NEWS ARTICLE NYT MUTTON BUSTING CF FAREED ZAKARIA WHY NOT INDIA?
Makes a lot of mutton busting , Maverick Executive, entrepreneurial, smart business sense.
Question: With Fareed Zakaria,
Anti China Pro India Globalization,
post American future,
Blowhardia
pundit,
breathing down the punditocracy neck,
(Cf nyt India interest rate 8%, and big big exporter of high value industrial goods in the news today.
How many American Mavericks do they need over there?
For how long?)
Why not India?
Question: With Fareed Zakaria,
Anti China Pro India Globalization,
post American future,
Blowhardia
pundit,
breathing down the punditocracy neck,
(Cf nyt India interest rate 8%, and big big exporter of high value industrial goods in the news today.
How many American Mavericks do they need over there?
For how long?)
Why not India?
Monday, July 25, 2011
RE MARKET STABILITY RE BUY AND HOLD NO SUCH THING ANYMORE CHINESE STUCK PIGS
There is a lot of talk now about this. Let's clear some things up, for a moment.
These, the securities and commodities markets, and their futures, and derivatives, etc.,
have all been reduced now, mostly, to short term gambling practices.
There is now no such thing as 'market stability', 'buy and hold', implying some 'longer' time horizon, say even a few years (not long at all in my judgment),
and will not be stable, certainly, for the rest of my life time, or even say 25 years from now (even then, not that 'long' really).
In the larger scheme of things, the debt ceiling debate is really a small scale, temporary, red herring.
When you're printing money, anyway, to cover 'obligations'?
What does a 'debt ceiling' mean when,
you are also printing more money anyway?
Please.
(The Chinese, apparently, are now squealing, like stuck pigs, over both issues, which in more ways than one, over these issues, they are,
as they are owed, and also hold so much, which is getting worth less, daily.)
These, the securities and commodities markets, and their futures, and derivatives, etc.,
have all been reduced now, mostly, to short term gambling practices.
There is now no such thing as 'market stability', 'buy and hold', implying some 'longer' time horizon, say even a few years (not long at all in my judgment),
and will not be stable, certainly, for the rest of my life time, or even say 25 years from now (even then, not that 'long' really).
In the larger scheme of things, the debt ceiling debate is really a small scale, temporary, red herring.
When you're printing money, anyway, to cover 'obligations'?
What does a 'debt ceiling' mean when,
you are also printing more money anyway?
Please.
(The Chinese, apparently, are now squealing, like stuck pigs, over both issues, which in more ways than one, over these issues, they are,
as they are owed, and also hold so much, which is getting worth less, daily.)
RE ENABLING CHINA ENABLERS CHONGQING NYT TODAY
Smelling the coffee...........................
Terms search: Collins, Facebook, 1984, Farm, venture capitalists, private equity, Russia, Goldman, personality, Zuckerberg, social media,
and 'back agendas', everywhere, now.
Terms search: Collins, Facebook, 1984, Farm, venture capitalists, private equity, Russia, Goldman, personality, Zuckerberg, social media,
and 'back agendas', everywhere, now.
Sunday, July 24, 2011
RE BAD FOOD? TAX IT AND SUBSIDIZE VEGETABLES NYT SELF CORRECTING MARKET SYSTEM FOR FOOD and for news
(Whom are they trying to kid now?)
The paper, generally, promotes global laissez faire market capitalism except for its pet, here, health food, which is somehow an exception, for which this author recommends powerful government intervention; 'picking' food, nutrition, health science 'winners'.
What's wrong with political, nutritional, bubblelization of individual Americans, and all global others who can be made to buy, so long as it is market driven?
http://www.blogger.com/post-edit.g?blogID=2973239501462830480&postID=4750351857255035991
The paper, generally, promotes global laissez faire market capitalism except for its pet, here, health food, which is somehow an exception, for which this author recommends powerful government intervention; 'picking' food, nutrition, health science 'winners'.
What's wrong with political, nutritional, bubblelization of individual Americans, and all global others who can be made to buy, so long as it is market driven?
http://www.blogger.com/post-edit.g?blogID=2973239501462830480&postID=4750351857255035991
Saturday, July 23, 2011
RE CAPTAIN KIDD AND THE DOMINION OF NEW ENGLAND
Another plug here for Before 1776, Allison's Teaching Company course.
I especially recommend the lecture, not just the one on pirates, but also the one on
'The New England Uprising of 1689'.
The Dominion would have been much better, in retrospect, for all concerned, except perhaps the French.
I especially recommend the lecture, not just the one on pirates, but also the one on
'The New England Uprising of 1689'.
The Dominion would have been much better, in retrospect, for all concerned, except perhaps the French.
Subscribe to:
Posts (Atom)