tag:blogger.com,1999:blog-6616959642391988608.post1284314885464012534..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: Things look so bad they can only get betterScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-6616959642391988608.post-77931903802995230772011-09-05T15:07:14.629-07:002011-09-05T15:07:14.629-07:00As long as educated employees are available in the...As long as educated employees are available in the rest of the world (India, China) for a lot less than college drop-outs in the U.S. (to say nothing of H.S. drop-outs) The U.S. will have an employment problem.Realityhttps://www.blogger.com/profile/01842008028857442211noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30649010959130305802011-09-05T14:45:41.561-07:002011-09-05T14:45:41.561-07:00Well it would be money well spent through proven i...Well it would be money well spent through proven industries - Boeing > more workers > orders for 3rd party part suppliers > more workers > ordering raw materials > more workers - and can sell to foreign countries with the latest technology. <br /><br />You are not going to get this effect with green technology. Correct me if I am wrong, but people need green technology like they Jimhttps://www.blogger.com/profile/04220423345735345059noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53902468120026139192011-09-05T10:37:03.325-07:002011-09-05T10:37:03.325-07:00just as europe did today?just as europe did today?septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30342022202553427352011-09-05T09:43:19.363-07:002011-09-05T09:43:19.363-07:00Dr. McKibben: Ron Paul, Pat Buchanan, and little o...Dr. McKibben: Ron Paul, Pat Buchanan, and little ol' me have been advocating a radical downsizing of the military for years.<br /><br />The idea is gaining some traction in right-wing circles, but you gotta understand: The House and Senate Armed Services Committees, and related appropriation committees, are full of guys who have defense plants and bases in their districts. <br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49015551685868302452011-09-05T06:12:57.603-07:002011-09-05T06:12:57.603-07:00When countries go broke, those countries typically...When countries go broke, those countries typically will cut defense spending -- what Mr Obama should announce to the joint session of Congress should be two things: a) the disbandment (as in a complete unwinding leading to bankruptcy) of Bank of America under the new Dodd-Frank "too big to fail" rules; and b) that he is ordering all US forces to return to the US (from Korea, Europe, McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41769536760999933102011-09-04T10:43:56.900-07:002011-09-04T10:43:56.900-07:00Some bond managers, and idiotic stock fans tries t...Some bond managers, and idiotic stock fans tries to pick the bottom in yields and it is hilarious. Forget the 10-year let's look at the 30-year and see how much further we have to go. This curve seems like it will flatten like a pancake. <br /><br />Is it end of the world? Well, that is impossible unless Martians decided to finance global debt. <br /><br />On a more serious level, global Jimhttps://www.blogger.com/profile/04220423345735345059noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22063333117778406092011-09-03T18:10:04.047-07:002011-09-03T18:10:04.047-07:00"Reagan's policies promoted growth and co..."Reagan's policies promoted growth and confidence in the economy, and that helped keep inflation low by strengthening the dollar."<br /><br />Reagan was helped immensely by falling oil prices driven by new output from Alaskan oil, Pemex, North Sea Oil, and domestic drilling spurred by the high prices of the late seventies.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67669134840219752312011-09-03T15:32:32.517-07:002011-09-03T15:32:32.517-07:00In Reagan's defense, he reappointed Volcker de...In Reagan's defense, he reappointed Volcker despite reservations of many Reaganites. But only once.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31573826185790527402011-09-03T12:38:18.517-07:002011-09-03T12:38:18.517-07:00Joe: Re turning points in 10-yr chart. The ups and...Joe: Re turning points in 10-yr chart. The ups and downs of 10-yr yields in recent years correspond pretty well to the market's perception of how weak or strong the economy is. The big decline in yields that began in the early 1980s was almost strongly related to the big drop in inflation, thanks to the policies of Fed Chairman Volcker. Jimmy Carter appointed him, so Carter should get some Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6841866778576859282011-09-03T07:48:14.060-07:002011-09-03T07:48:14.060-07:00What is the significance of the turning points in ...What is the significance of the turning points in direction of the 10-yr yield curve? i.e. up slope from 2009-2010, then down, then up again. Can this have something to do with stimulus economic policies having favorable effects and the conservative advocates austerity hype having unfavorable effects? Also in the long term graph, what is the significance that the downward trend line begins with Joehttps://www.blogger.com/profile/04386316078368997219noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79135932118703563222011-09-03T07:32:03.875-07:002011-09-03T07:32:03.875-07:00"a complete wipe-out of all public and privat..."a complete wipe-out of all public and private debt may be just what the doctor ordered"<br /><br />If you want to get this party started," that's what you'll need.<br /><br />Be one hell of a "hair cut" for all those debt security investors, though wouldn't it?Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62057637013872193362011-09-03T07:20:34.707-07:002011-09-03T07:20:34.707-07:00In many ways, a full blow-up of the US and Europea...In many ways, a full blow-up of the US and European economies may be the quickest path to a recovery -- a complete wipe-out of all public and private debt may be just what the doctor ordered -- I am not hoping for such a thing, but we all may begin to ponder the advantages of starting over...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14849555840909419282011-09-02T18:53:29.644-07:002011-09-02T18:53:29.644-07:00Scott,
I want to thank you for showing the 10-yea...Scott,<br /><br />I want to thank you for showing the 10-year treasury yields since 1925. It is nice to have the current rates in long term perspective. We have been here before. In fact, the yield curve was very close to where it is today in 1936 shortly before the depression within the depression of 1937. I commend you for showing data prior to 1940 because most blogs and article don't.Junkyard_hawg1985https://www.blogger.com/profile/18114117558513498514noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91669002134975894112011-09-02T17:05:41.222-07:002011-09-02T17:05:41.222-07:00Well, I haven't been around for a little while...Well, I haven't been around for a little while and things have begun to unravel as forecast....Benjamin will get his benji easing as they will take down market to make it so...<br /><br />Scott, we still have 2 years for 1/2 the companies to implode..seems like govt. props prevented that from happening already..What will they pull out of the bag now...<br /><br />The empire is heading to its honestcreditguyhttps://www.blogger.com/profile/04753136939700776989noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7141266750951147572011-09-02T14:16:59.683-07:002011-09-02T14:16:59.683-07:00http://macromarketmusings.blogspot.com/
This is a...http://macromarketmusings.blogspot.com/<br /><br />This is a right-wing Texas talking about nominal GDP targeting and QE. Really nice read. <br /><br />This right-wing Texan is not Rick Perry unfortunately.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17410693059026941022011-09-02T14:04:19.948-07:002011-09-02T14:04:19.948-07:00With negative interest rates, this passage from Gr...With negative interest rates, this passage from Grannis--- "that the Fed is going to print us into oblivion"---simply does not make sense.<br /><br />The serious market is not worried about inflation. The serious market is worried we are doing a Japan.<br /><br />The talk-show carnival barkers are braying about inflation and gold, and they may have scared some people. Fearmongering isBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33059541218115167992011-09-02T14:01:03.400-07:002011-09-02T14:01:03.400-07:00"Europe is a slow moving train wreck."
..."Europe is a slow moving train wreck."<br /><br />If that's true, why is the Euro worth so much more than the US Dollar?<br /><br />I believe we are in a new normal. There are two big problems:<br />1. Income stagnation in the middle class reducing condumer demand and<br />2. Private sector debt.<br /><br />Focusing too much attention on government debt is like a dog chasing his Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19785653654796855372011-09-02T13:29:46.052-07:002011-09-02T13:29:46.052-07:00Europe is the issue. Unlike the Lehman bankruptcy,...Europe is the issue. Unlike the Lehman bankruptcy, Europe is a slow moving train wreck. This means there is plenty of time to avoid injury.Charleshttps://www.blogger.com/profile/00607057013050715435noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68651666975536381742011-09-02T12:58:32.956-07:002011-09-02T12:58:32.956-07:00I think there are things happening in the long ter...I think there are things happening in the long term cyclical picture that is going to be good for the future. The excess in housing is slowly being worked out, housing prices are slowly building a bottom after many years, and construction spending last month was positive YoY for the first time in what seems like an eternity. Consumers are paying off their debts, state and local govts are becomingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6220936030448695122011-09-02T12:50:32.541-07:002011-09-02T12:50:32.541-07:00If things were actually this bad and in fact were ...If things were actually this bad and in fact were getting worse, would you say they would look exactly like they look now?Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.com