tag:blogger.com,1999:blog-6616959642391988608.post780642886530078091..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: PPI updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6616959642391988608.post-59615078500906510202011-09-15T09:10:32.236-07:002011-09-15T09:10:32.236-07:00William,
Call me old fashioned, but when someone ...William,<br /><br />Call me old fashioned, but when someone has the ability to repay money even if it is difficult to do so, they are morally obligated to pay it back.Junkyard_hawg1985https://www.blogger.com/profile/18114117558513498514noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90183892638087348572011-09-15T08:12:56.542-07:002011-09-15T08:12:56.542-07:00On a related note, the CPI rose .4% in August foll...On a related note, the CPI rose .4% in August following a .5% increase in July. Inflation is here and at 5 or 6% (or higher depending on which stats you believe).Billhttps://www.blogger.com/profile/05145490918994594519noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22957693277284255872011-09-15T07:30:48.794-07:002011-09-15T07:30:48.794-07:00Those who hope to avoid a national default must el...Those who hope to avoid a national default must elect either monetary expansion or austerity -- but choose your poison wisely -- if nothing is implemented by Congress and/or the Federal Reserve, then a national default is imminent -- again, each of us must decide which option best fits our nation's (and our personal) needs from these three options: a) monetary expansion ("printing money&McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22085586878190763102011-09-15T06:23:25.072-07:002011-09-15T06:23:25.072-07:00DWJM: Concerning a default and repudiation of the...DWJM: Concerning a default and repudiation of the federal debt, something similar has happened before following the panic of 1837 with several states. Nine states defaulted on their debts and 5 of those states repudiated their debts (MI, MS, AR, FL, LA). <br /><br />These states all had something in common. When the panic occurred, they were not in bad fiscal shape. Shortly after the panic, Junkyard_hawg1985https://www.blogger.com/profile/18114117558513498514noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83578558501002424012011-09-15T05:18:37.246-07:002011-09-15T05:18:37.246-07:00Hi John, certified skills and dividend and rent-ea...Hi John, certified skills and dividend and rent-earning equities are the easy money, today...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27423938993731048742011-09-15T03:56:07.054-07:002011-09-15T03:56:07.054-07:00"When money is easy, all prices can rise.&quo..."When money is easy, all prices can rise."<br /><br />Hey guys, can you tell the rest of us where we can get some of that "easy money?"Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6118400655857814092011-09-14T16:04:44.951-07:002011-09-14T16:04:44.951-07:00Investors Intelligence Poll 09/14/2011
Bulls 35.5...Investors Intelligence Poll 09/14/2011<br /><br />Bulls 35.5% (down from 38.7%)<br />Bears 40.9% (up from 37.6%)<br /><br />At the S&P 500 low in August 2010, the Bull were 29.5% and the Bears were 37.7%. VIX down 6.2% today to 34.6.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51585303754377131902011-09-14T14:17:55.081-07:002011-09-14T14:17:55.081-07:00BTW, if you look at the PPI index back into 2008, ...BTW, if you look at the PPI index back into 2008, you discover the index is up about 6 percent form then--so about 2 percent a year.<br /><br />Big whoop. <br /><br />Made even whoopier by the fact that many commodities soared in 2010-11, but reached their ceilings. This may have been a speculative surge, but real businesses and people pared back their consumption.<br /><br />"Ain't no Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42504699193645848582011-09-14T13:25:36.956-07:002011-09-14T13:25:36.956-07:00Scott, we should all hope for the best, but plan f...Scott, we should all hope for the best, but plan for the worst, especially in California...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30942718291810635672011-09-14T13:12:49.655-07:002011-09-14T13:12:49.655-07:00wjmk: I think you are mistaken about the consequen...wjmk: I think you are mistaken about the consequences and imminency of a US default. When a government defaults on its debt, it results in a transfer of wealth from the owners of that debt (the public, institutions, and other governments) to the defaulting government. The private sector loses, and the government wins (including public sector workers), because it frees itself from making interest Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50607332653215321482011-09-14T12:57:45.116-07:002011-09-14T12:57:45.116-07:00PPPS: California's impending default will be t...PPPS: California's impending default will be the test of America's resolve...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79007189521461379932011-09-14T12:57:25.826-07:002011-09-14T12:57:25.826-07:00Stable price policy not necessarily the tell tale ...Stable price policy not necessarily the tell tale of the effects of money printing on the economy.<br /><br />Great article on the mises.<br /><br />"The fact that general prices were more or less stable during the 1920s told most economists that there was no inflationary threat, and therefore the events of the Great Depression caught them completely unaware."<br /><br />http://Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56353633477900469722011-09-14T12:55:33.172-07:002011-09-14T12:55:33.172-07:00PS: If default is imminent, than we can all look a...PS: If default is imminent, than we can all look at the bright side -- an outright default on all US Treasury bonds would end deficit spending, cancel $14 trillion in debt, and eliminate interest payments going forward -- the resulting balanced budget would no doubt rout entitlements and discretionary spending -- moreover, the lack of credit-worthiness would effectively end all future borrowing McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-2242662096118018822011-09-14T12:54:28.515-07:002011-09-14T12:54:28.515-07:00The PPI index for August was 191.6 vs. 191.4 for A...The PPI index for August was 191.6 vs. 191.4 for April, all finished goods. Basically, we are dead in the water price-wise. <br /><br />The current hysteria about inflation strikes me as entirely misplaced, or perhaps politically motivated. <br /><br />Milton Friedman can school anyone as to the effects of tight money during a recession--it's called "making a depression," and was Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84220945551749221162011-09-14T12:44:07.480-07:002011-09-14T12:44:07.480-07:00All the economic charts are so bad that I am havin...All the economic charts are so bad that I am having trouble deciphering the state of the US and global economies -- something is going to have to give -- in the US, monetary expansion has been rejected, and austerity measures have stalled -- that leaves only a national default as the remaining option -- doing nothing (what the US is doing now) will result in default -- said another way, default McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.com