The DOW needs to go to say 9,
before I begin to awake from my lethargy,
paraphrasing Kant, referring back then to Hume's writings,
from my dogmatic slumbers.
BOOMERBUSTER
OLD CELLO
Monday, August 8, 2011
RE BBC WORLD NEWS THE WEAKER EUROZONE COUNTRIES WOULD HAVE TO AGREE TO MASSIVE LOSS OF SOVEREIGNTY TO CREDITOR COUNTRIES
Re Hewitt BBC article:
Euro zone analogies to the US China situation:
sovereignty and debtor creditor relations are a sticky wicket.
Call it big, big, ' property rights '.
Americans are big on property rights, in isolation, so I put it in terms they can understand.
Big losses of sovereignty. Terms of 'Surrender' already under way.
Euro zone analogies to the US China situation:
sovereignty and debtor creditor relations are a sticky wicket.
Call it big, big, ' property rights '.
Americans are big on property rights, in isolation, so I put it in terms they can understand.
Big losses of sovereignty. Terms of 'Surrender' already under way.
RE UK RIOTS BBC WORLD NEWS STORY
Call it a 'sentiment indicator'
going forward.
In open democracies, small portions of the enormous and mostly youthful, unemployed, and 'unemployable' in those present arrangements, and now global, under class, can exist in the heart of jewel-like urban centers; (yet this has often been a liability for those cities in countries or empires where freedom of movement has been allowed).
Call it symptomatic of the aftermath of empire.... '...boredom alienation and isolation.'
going forward.
In open democracies, small portions of the enormous and mostly youthful, unemployed, and 'unemployable' in those present arrangements, and now global, under class, can exist in the heart of jewel-like urban centers; (yet this has often been a liability for those cities in countries or empires where freedom of movement has been allowed).
Call it symptomatic of the aftermath of empire.... '...boredom alienation and isolation.'
RE CHINA HAS BEEN SELLING US TREASURIES AND BUYING EUROZONE DEBT SINCE 2010 APPARENTLY
Rather like Scylla or Charybdis
don't you think?
don't you think?
Sunday, August 7, 2011
RE SOUNDING DA GONG THIS WEEKEND
This part I especially liked:
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
Xinhua scorned the United States for a "debt addiction" and "short sighted" political wrangling. China, it said, "has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets."
GABORIZATION
RE ASIAN STOCK MARKETS DIP ON GROWTH NEWS BBC WORLD NEWS
The bubbles over there need to be popped hard, my friends.
Take the consequences.
Call it, long overdue:
GABORIZATION
The bubbles over there need to be popped hard, my friends.
Take the consequences.
Call it, long overdue:
GABORIZATION
RE MS MCBRIDE S POLLYANNA ARTICLE IN CNN RE US MEDIA VERSUS THE BRITS
Unfortunately, the article reminds me very much of the kind of thing I grew up with around this little bay side backwater:
backbiting the competition, either the city, or the newspaper, de jour. Maybe I am all wrong about it.....
Here it seems, perhaps merely seems, to be Ms McBride stirring the pot for CNN, an apparent rival (?) of Murdoch's empire. Maybe not after all.
No, nothing like that happens over here, according to Ms McBride. You can take her word for it, thanks.
(Rumpole: "I trust this is not an 'isolated incident'."
Investigative reporter: "I've got a whole file on Dirty Dickerson....")
That's ethics here for you. She should know, she teaches it.
She writes like a genuine Pollyanna.
backbiting the competition, either the city, or the newspaper, de jour. Maybe I am all wrong about it.....
Here it seems, perhaps merely seems, to be Ms McBride stirring the pot for CNN, an apparent rival (?) of Murdoch's empire. Maybe not after all.
No, nothing like that happens over here, according to Ms McBride. You can take her word for it, thanks.
(Rumpole: "I trust this is not an 'isolated incident'."
Investigative reporter: "I've got a whole file on Dirty Dickerson....")
That's ethics here for you. She should know, she teaches it.
She writes like a genuine Pollyanna.
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.
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