Financial topics

[aedens]

http://econompicdata.blogspot.co.at/201 ... thing.html

Have the rubes figured out yet there is no shortage of trained STEM workers even before the main crisis?

person from a rural area; hick. Origin: 1895-1900

The Keynesian economic model is debt-driven, and it basically assumes that a current generation has the right, if not the responsibility, to consume whatever level of assets it wants, even if it has to borrow from the future—borrow from children and grandchildren, born and unborn, in order to support that consumption level.

http://research.stlouisfed.org/fred2/release?rid=14

[aedens]

http://shortsideoflong.com/2014/08/japanese-yen-update/

http://solarcycles.net/2014/08/07/eurozone/

http://swingcycles.blogspot.com/

http://carlfutia.blogspot.com/

http://timeandcycles.blogspot.com/

http://www.theautomaticearth.com/the-automatic-earth/

carefull later in the week

http://macro-man.blogspot.co.at/2014/08 ... -week.html mother needs a note

"Hungary’s central bank has bought an 18th century palatial residence for its employees to use as a rural refuge, it said Thursday."

Brits moan as Russia bans the import of artisan goods from London’s Borough Market causing prices to fall from 'eye watering' to 'expensive'.

Russia and France ban Russian superyachts from Monaco both thinking wrongly that the other will suffer most - Monaco goes downmarket and looks to Magaluf for guidance.

London Borough of Chelsea bans Russian hookers - Lots of wives are surprised to see their husbands home early from work.

Sanction are taking hold....

[Nathan G]

I find it fascinating, aedens, that your chart at the end fits exactly with the generational cycle:

Optimism -> Austerity (like 1870 or 1950)
Euphoria -> Awakening (like 1890 or 1970)
Desperation -> Unraveling (like 1910 or 1990)
Depression -> Crisis (like 1930 or 2010)

[aedens]

I wish that was the actual case going forward. Be very careful.

[aedens]

http://www.dailymail.co.uk/news/article ... lider.html

http://www.dailymail.co.uk/news/article ... niles.html

"If I find fifty righteous people in the city of Sodom, I will spare the whole place for their sake."

[aedens]

J view is what we already know.

The Home Front will be the scene of America's greatest battles! Imagine, Obama is up to his lips in Syria, Iraq, Ukraine and Gaza. Now the blacks are about to open a second front on home soil. Could this story get any crazier? Wait, YES, it can. Ebola is spreading and government and health care in Africa is collapsing in the face of it. Planes are bring hundreds of flyers from infected zones every day to Europe, Asia, Australia, Britain and the EU. Oddly enough, one of the few places where not many Africans are flying into is Russia. Putin is not so stupid as some would have us believe. Enjoy your riots, Ebola and border invasion of the children.

Seal the border like months ago already.

[aedens]

I find it fascinating, aedens, that your chart at the end fits exactly with the generational cycle:

Optimism -> Austerity (like 1870 or 1950)
Euphoria -> Awakening (like 1890 or 1970)
Desperation -> Unraveling (like 1910 or 1990)
Depression -> Crisis (like 1930 or 2010)

I agree that rentier capitalism is a term currently used to describe current economic practices of parasitic cartel monopolization and access to any
(physical, financial, intellectual, etc.) kind of property, and gaining significant amounts of profit without contributions to society in our current cycle.

http://gdxforum.com/forum/search.php?ke ... sf=msgonly

Once you undestand barrier costs it becomes very clear to this current wasting process we covered in subsequent details.

http://gdxforum.com/forum/search.php?ke ... sf=msgonly

Hayek knew this as did Keynes since they only differed on the entry point to sort out needed cartels on what you may remember as the cluster nodes which keep these neo pagans today from eating each other.

[aedens]

http://en.haberler.com/ebola-carrier-de ... rt-512015/

Just gets better every day ignoring the obvious...
They will tell you we have it all under control.

there is no spoon, it is the scientists now who fill the shoes of Dr. Pangloss

http://www.youtube.com/watch?v=hQJ60TZy9b4

No one should expect that any logical argument or any experience could ever shake the almost religious fervour of those who believe in salvation through spending and credit expansion. The final outcome of the credit expansion is general impoverishment. By short-circuiting the price mechanism and forcing people into economic lives contrary to their own choosing, central planning destroys the capital base and creates economic randomness that eventually ends in killing prosperity. human action mises 1949

Hayek on Keynes:
The decisive assumption on which Keynes’s original argument rested and which has since ruled policy is that it is impossible ever to reduce the money wages of a substantial group of workers without causing extensive unemployment. The conclusion which Lord Keynes drew from this, and which the whole of his theoretical system was intended to justify, was that since money wages can in practice not be lowered, the adjustment necessary, whenever wages have become too high to allow “full employment,” must be effected by the devious process of reducing the value of money. A society which accepts this is bound for a continuous process of inflation. Sudha Shenoy

thread noted: Recent local numbers last 60 days for us outside in the real world also in Michigan:
21.8 percent of children living in poverty 2011, a jump of 30 percent since 2005 in our area.
4 out of every 10 children live in poverty as it was conveyed now in 2014.

Low Income Taxpayer Clinics (LITCs) The "blueprint " just as before on the sticky wages as forumed was our area also. Welcome to what we seen when we watched countless who lost half benefits and one third wages as the taxpayer blindly subsidized the blue prints of plant closing.
Locals note: They are fleeing Puerto Rico for the same reason that everyone else is - decades of dependence on US welfare has destroyed the island's economy and culture. Only criminals and the poor are seen on most streets. This is what "social programs" accomplish.

As for the kill switch notes we had pegged early, we took our lumps from you retards and political dullards since we knew better as we sipped our tea in patience and caring for others actual community needs called work. Red and Blue does not exist in discussions past the welcome mat which is still open to all thinking souls in forbearance since as reminded they will be known by the fruit they bear.

NAFTA sticky wages

http://books.google.com/books/about/Hum ... 7sngEACAAJ

When you’re one step ahead of the crowd you’re a genius. When you’re two steps ahead, you’re a crackpot. Rabbi Shlomo Riskin

[aedens]

http://mlm.jamestown.org/briefs/

http://www.zerohedge.com/news/2014-08-1 ... eem-answer

[aedens]

A bubble plays on human nature. 2006

wsj: in California earning $60,000. A current federal rate of 25%, a 9.5% California rate, and 15.3% payroll tax yield a combined income tax rate of 45%. The income tax increases to cover the CBO's projected federal deficit in 2016 raises that to 52%. Covering future Social Security and Medicare deficits brings the combined marginal tax rate on that middle-income taxpayer to an astounding 71%. That teacher working a summer job would keep just 29% of her wages. At the margin, virtually everyone would be working primarily for the government, reduced to a minority partner in their own labor.

Serf water mellons with green mask dimmcrats with the FSA already picked your poison. More will indeed leave as the wasting continues...

"What Fischer is saying is that the economy's growth rate is slow, we're not sure how much is structural, and unfortunately the cyclical can become structural," said Joseph LaVorgna , chief U.S. economist at Deutsche Bank. "Reading between the lines, it seems he would be sympathetic to Yellen's view that monetary policy has a serious role to play," in avoiding economic stagnation.

They will not listen to what 1989 taught. Anyways,

Record Number of Boomers Left the Labor Force: February 10, 2014
http://www.economicpopulist.org/content ... force-5523

Long-Term Unemployed Baby Boomers in 2013: August 26, 2013
http://www.economicpopulist.org/content ... -2013-5345

The Last Word on Social Security Disability: July 22, 2013
http://www.economicpopulist.org/content ... disability

They see what is coming and will fade into the tall grass since loyality went out with NAFTA.
The cultural change is less is more as we go forward. These kids now working two 29 hours as week jobs will learn not to
to be debt serfs, nor will they purchase housing as you will ever understand it for some years.