tag:blogger.com,1999:blog-6616959642391988608.post1442575991034751346..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Brexit Panic progress reportScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-6616959642391988608.post-24767263967035807142016-07-01T09:05:33.004-07:002016-07-01T09:05:33.004-07:00Gold Miners and long Treasury bonds are surging to...Gold Miners and long Treasury bonds are surging to new highs again today.<br />Wow.<br />Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70702997709881292642016-06-30T11:24:21.423-07:002016-06-30T11:24:21.423-07:00Everything I've seen on the EU/Eurozone says t...Everything I've seen on the EU/Eurozone says that the EU has made things worse for the Eurozone. Too many rules and regulations, too much bureaucracy, etc. So UK leaving will be good for the UK. It may well be good for the Eurozone as well, if the UK departure encourages other countries to exit as well. <br />Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79769137556001549752016-06-30T11:08:03.204-07:002016-06-30T11:08:03.204-07:00Have you seen any studies that show that the EU ha...Have you seen any studies that show that the EU has actually improved the economies of the member states vs what they would have been without it? Has the EU really been a good structure? Your graph of US vs Eurozone equities show that for at least the last seven years the US has outpaced Eurozone. I'm thinking that the EU has been a flop and GB leaving it will be good for them. NormanBhttps://www.blogger.com/profile/05986709079442388236noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31863029320601594582016-06-29T20:05:24.483-07:002016-06-29T20:05:24.483-07:00This is old news now, but this hour long movie lay...This is old news now, but this hour long movie lays out the moral and economic case for Brexit. Its very well done. Covers trade, and politics, and culture. Spends almost no time on the immigration controversy, and contains absolutely zero xenophobia. <br /> <br />I think its incredibly persuasive and sensible. Makes the case with facts and reason. Its definitely worth watching, even if you Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12740723974075413862016-06-29T19:43:04.937-07:002016-06-29T19:43:04.937-07:00True enough about the Pound smash.
I still think s...True enough about the Pound smash.<br />I still think sovereignty will bring more prosperity than unelected foreign bureaucrats that can't be voted out of power.Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83918364172981137262016-06-29T19:16:04.867-07:002016-06-29T19:16:04.867-07:00Caveat: while the FTSEs gains are comforting, they...Caveat: while the FTSEs gains are comforting, they have been more than offset by the pound's loss. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91210793446267959752016-06-29T18:54:04.010-07:002016-06-29T18:54:04.010-07:00The FTSE Index (UK stocks) was the best performing...The FTSE Index (UK stocks) was the best performing major market index in the world today.<br />Last week it was up nearly 2 1/2%. This week it is up another 3% so far.<br /><br />If one listened to markets instead of politicians, one would think that some very good development had occurred there!<br /><br />Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51272878676532819362016-06-29T17:56:35.298-07:002016-06-29T17:56:35.298-07:00I 100% agree only a free enterprise, work and prop...I 100% agree only a free enterprise, work and property rights culture will thrive.<br /><br />Why we tax productive behavior (working) or zone property is beyond me. In the United States push-cart vending is routinely criminalized.<br /><br />If we are going to subsidize anything perhaps we should subsidize working. No taxes whatsoever on the first $20,000 of work income, annually.<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33083271434341025612016-06-29T14:03:46.104-07:002016-06-29T14:03:46.104-07:00I like these 'panics'. It gave me the oppo...I like these 'panics'. It gave me the opportunity to add to my domestic equity positions. The recent adds are already in the green. As Warren Buffett says, 'be greedy when others are fearful'. Thank you, Brexit.sgt.red.blue.redhttps://www.blogger.com/profile/08132657702786638326noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77873185324049105472016-06-29T13:58:01.682-07:002016-06-29T13:58:01.682-07:00Roy: The adverse impact on certain sectors of the ...Roy: The adverse impact on certain sectors of the economy as a result of free trade and immigrant inflows is not something to be dismissed, as you note. But the solution is not obvious. To try to "fix" this problem is equivalent to banning competition, which is always a factor.<br /><br />I don't have an easy solution, but it strikes me that trying to avoid the pain by limiting Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73234324772284025232016-06-28T20:58:06.957-07:002016-06-28T20:58:06.957-07:00The impact of short term disruptions on people sho...The impact of short term disruptions on people should not be ignored even if in the long term it would benefit all. Trump and Sanders are the result as is Brexit.<br /><br />" If more labor wants to go to country A it's because wages are attractively high. More labor supply in country A will tend to suppress wages. And lower wages will work to capital's favor. "<br /><br />Yes,Royhttps://www.blogger.com/profile/09325498485905547125noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87052978363201365182016-06-28T07:50:46.343-07:002016-06-28T07:50:46.343-07:00Thank you ScottThank you Scottnetbackerhttps://www.blogger.com/profile/00216448466948034808noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80823356990711189732016-06-28T07:42:42.627-07:002016-06-28T07:42:42.627-07:00 The charts show generic 5-yr Credit Default Swap ... The charts show generic 5-yr Credit Default Swap Spreads and 2-yr Swap Spreads.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47022667648970463222016-06-28T05:34:05.667-07:002016-06-28T05:34:05.667-07:00The dollar index is on the rise, which will likely...The dollar index is on the rise, which will likely lead to fewer exports and more imports. For the record, I tend to watch Main Street economic measures including real working wages, real home values, and the employment to population ratio. But the prospects of fewer exports and greater imports has the macroeconomist in me more rattled than ever. Yes, I am terrified of the markets at this McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25228283478488648012016-06-28T00:39:18.620-07:002016-06-28T00:39:18.620-07:00Dear Scott,
Another good post. For the charts, w...Dear Scott, <br />Another good post. For the charts, what CDS and swap spread indexes are shown? Thanks!<br />Michael McGaughy / 麥德安https://www.blogger.com/profile/10681507678046429348noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84108279487510839342016-06-28T00:01:22.515-07:002016-06-28T00:01:22.515-07:00Netbacker: I think you have it exactly wrong. If m...Netbacker: I think you have it exactly wrong. If more labor wants to go to country A it's because wages are attractively high. More labor supply in country A will tend to suppress wages. And lower wages will work to capital's favor. <br /><br />The best way to think about labor and capital: when capital is abundant labor tends to be in short supply and wages tend to rise. Think Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3716723565292336762016-06-27T23:49:14.891-07:002016-06-27T23:49:14.891-07:00That so called ideal world doesn't exist becau...That so called ideal world doesn't exist because the capitalists will ensure labor cannot go anywhere it wants to go. How else can these capitalist extract the most profit, other than by suppressing the labor component of production. netbackerhttps://www.blogger.com/profile/00216448466948034808noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58419345928277594712016-06-27T16:56:35.840-07:002016-06-27T16:56:35.840-07:00Terrific review.
My usual Milton Friedman-inspire...Terrific review.<br /><br />My usual Milton Friedman-inspired caveat: interest rates are low due to tight money. <br /><br />From this point, there is no way for central banks to raise rates. Any tightening of central bank policies will only lower even further the 10-year yields. And remember a central bank can effectively tighten, even while standing still.<br /><br />What is needed is a Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-36992876943420758322016-06-27T16:05:20.371-07:002016-06-27T16:05:20.371-07:00In an ideal world, yes, labor and capital should b...In an ideal world, yes, labor and capital should be able to go anywhere. Unfortunately that ideal world is tough to find. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62285742150905233952016-06-27T15:25:07.009-07:002016-06-27T15:25:07.009-07:00"just as capital should be free to go whereve..."just as capital should be free to go wherever it wants. " - how come this doesn't apply to labor? Why can't labor be also free to go wherever it wants to go? <br />Do you support free and unrestrained immigration, aka, open boarders as well??? <br />netbackerhttps://www.blogger.com/profile/00216448466948034808noreply@blogger.com