tag:blogger.com,1999:blog-8270906704031641534.comments2023-09-10T08:14:36.455-07:00The Animal Spirits PageAnonymoushttp://www.blogger.com/profile/06852145145315416007noreply@blogger.comBlogger403125tag:blogger.com,1999:blog-8270906704031641534.post-3614053681395417602015-10-15T17:33:46.342-07:002015-10-15T17:33:46.342-07:00It has been a long time since you posted anything....It has been a long time since you posted anything. They didn't come and get you did they? Garyhttps://www.blogger.com/profile/01904446704748470736noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-64969714916158785562014-04-24T08:00:35.531-07:002014-04-24T08:00:35.531-07:00I agree it is a fascinating series of videos. Tha...I agree it is a fascinating series of videos. Thanks for pointing it out. Garyhttps://www.blogger.com/profile/01904446704748470736noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-33015907760379911662014-04-23T20:03:20.706-07:002014-04-23T20:03:20.706-07:00He seems to be all right. His series from the Ukra...He seems to be all right. His series from the Ukraine is incredible.Anonymoushttps://www.blogger.com/profile/06852145145315416007noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-77498481587966786322014-04-23T18:37:21.021-07:002014-04-23T18:37:21.021-07:00DONETSK, Ukraine — Pro-Russia gunmen in eastern Uk...DONETSK, Ukraine — Pro-Russia gunmen in eastern Ukraine admitted on Wednesday that they are holding an American journalist, saying he was suspected of unspecified “bad activities.”<br /><br />Simon Ostrovsky, a journalist for Vice News, has not been seen since early Tuesday.<br /><br />http://nypost.com/2014/04/23/american-journalist-for-vice-held-captive-in-ukraine/Garyhttps://www.blogger.com/profile/01904446704748470736noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-82908082319828578112014-03-26T23:29:49.229-07:002014-03-26T23:29:49.229-07:00Write more, thats all I have to say. Literally, it...Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your <br />point. You clearly know what youre talking about, why throw away your intelligence <br />on just posting videos to your weblog when you could be giving us something informative to read?<br /><br /><br />Feel free to visit my web-site <a href="http://uksmallbusiness.wordpress.com" rel="nofollow">UK Small Business News</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-53416198897562122442014-03-06T23:01:49.333-08:002014-03-06T23:01:49.333-08:00See video of that infamous call with transcript an...See video of that infamous call with transcript and context: <a href="http://www.youtube.com/watch?v=mBAB_unT2kM" rel="nofollow">Call Exposes U.S. Scheming on Ukraine & Hypocrisy about Ukrainian Democracy</a> Representative Presshttps://www.blogger.com/profile/09958518516826154703noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-29331188785377017062014-03-05T12:28:06.725-08:002014-03-05T12:28:06.725-08:00Correction: she is assistant Secretary of State Correction: she is assistant Secretary of State Anonymoushttps://www.blogger.com/profile/06852145145315416007noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-72971034421032425222013-09-22T14:48:07.561-07:002013-09-22T14:48:07.561-07:00I am publishing Kurt's comment to demonstrate ...I am publishing Kurt's comment to demonstrate the quality of many of the arguments for MMT. I have the feeling some of the proponents of MMT (Mosler) would like to see some of those MMT-bucks coming their way for infrastructure projects or something like that, but this is pure speculation.Anonymoushttps://www.blogger.com/profile/06852145145315416007noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-37936624111945743042013-09-22T13:14:49.387-07:002013-09-22T13:14:49.387-07:00It's not a matter of preference, you moron. It...It's not a matter of preference, you moron. It's a recognition of how a bank actually operates and under what constraints or lack thereof. It's called "objectivity." MMT is not a distribution scheme. Ideology has rotted your brain. If counterparties persist in "perceiving" ghosts they will run into things and get hurt, and your "trahison des clercs" are largely responsible. Fools!Kurtnoreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-641206135153335992013-09-21T08:19:59.925-07:002013-09-21T08:19:59.925-07:00This is the orthodox MMT position that I believe w...This is the orthodox MMT position that I believe will be used ultimately though without acknowledgement to complete the destruction of the currency. I continue to view MMT as a well-intentioned end run around a deadlocked political economy to channel money to currently marginalized sectors, I.e., labor. My preference is still to address distributional issues with incomes policies and progressive taxation. To say that "a sovereign government cannot become insolvent" is to ignore Bretton Woods II and the fact that if counter parties perceive you as insolvent you effectively become such, and further money printing only debases your currency further.<br /><br />Anonymoushttps://www.blogger.com/profile/06852145145315416007noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-10881852565230399572013-09-21T07:54:40.650-07:002013-09-21T07:54:40.650-07:00Nonsense. How can the Fed become insolvent when th...Nonsense. How can the Fed become insolvent when the United States government has the sole power to create all the fiat currency it would ever need? If it became insolvent it could only happen due to some government self-inflicted regulation, not because of negative equity. snowball1205https://www.blogger.com/profile/14732718037718057300noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-36649163074895483692013-09-06T09:04:20.250-07:002013-09-06T09:04:20.250-07:00Mish has done the best work I've seen showing ...Mish has done the best work I've seen showing that the decline in the LFPR (labor force participation rate) is anomalous, i.e., not just a demographic effect of older people retiring and leaving the labor force--they are one of the few groups with an increasing LFPR! Google his site on that.<br /><br />So the unemployment rate could still be "honest" statistically, reflecting widespread drop-out and discouragement that "removes" people from the LF. It's done with a survey, and it would be pretty hard to cover up outright fraud.<br /><br />However, the UR is still a joke as a measure of the health of our labor market. It is my hypothesis, however, that decades of long habit have ingrained it as the one number people (unconsciously) key to in their feelings of confidence.<br /><br />Direct answer to your question: no, if the LFPR had not dropped, "animal spirits" would have declined. If the LF were held constant at 2008 levels confidence would have collapsed long ago.Anonymoushttps://www.blogger.com/profile/06852145145315416007noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-91774478749006116222013-09-06T08:27:50.658-07:002013-09-06T08:27:50.658-07:00Some commentators are saying that the drop in the ...Some commentators are saying that the drop in the unemployment rate was due to a drop in the participation rate. Does this further support your analysis about a topping formation?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-43679251281968349172013-04-06T08:28:08.919-07:002013-04-06T08:28:08.919-07:00Japs taught Americans to make cars??? I don't...Japs taught Americans to make cars??? I don't think so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-82955217543457217132013-02-16T16:02:41.107-08:002013-02-16T16:02:41.107-08:00Benign,
A couple of questions.
Two years ago or ...Benign,<br />A couple of questions. <br />Two years ago or so, when there was much dread (shared by me) of a "double dip" recession, you pointed out that the yield curve was not predicting a recession and that it was very unlikely. You were correct. Now, with perpetual ZIRP making a yield curve inversion impossible, I am wondering how this impacts your call for a recession in 2H 2013? <br />I am a little confused regarding your comment on News-to-Use "Rule of 20" Barometer. This indicator, which is based on the gap between market valuation and theoretical "fair value", is well inside the Lower Risk zone and implies that substantial upside remains. I don't see at all how this implies that the market is looking toppy. As an aside, I am very unimpressed with this indicator. Note the false signal in the early 90's and the fact that the massive bear market of 07/08 was only signaled after it was well underway.<br />Thanks as always for your unique and incisive analysis.LodroChuwohttps://www.blogger.com/profile/08657827414550067252noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-11780192481271184332013-02-14T20:21:40.559-08:002013-02-14T20:21:40.559-08:00As bad as you have it in America, here in the UK w...As bad as you have it in America, here in the UK we are entering our third recession in the last five years! <br /><a href="http://www.greenworldbvi.com/alternative-investments-options/" rel="nofollow">Greenworld Alternative Investments</a>Anonymoushttps://www.blogger.com/profile/12829375621188204129noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-28748333524067381002013-01-16T22:13:32.287-08:002013-01-16T22:13:32.287-08:00The most efficient form of taxation, recognized as...The most efficient form of taxation, recognized as such for hundreds of years, is a tax on Economic Rents.<br />Unlike other forms of taxation which add to prices, a tax or economic rents not only doesn't add to prices, it actually helps to keep prices down & in line with the cost of production.<br />Anonymoushttps://www.blogger.com/profile/04501940617030009190noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-91100185876350906172013-01-16T22:07:53.846-08:002013-01-16T22:07:53.846-08:00"Chartalism is a monetary standard"
Cha..."Chartalism is a monetary standard"<br /><br />Chartalism/MMT is NOT a monetary standard. <br /><br />It is an operation description of how ALL monetary systems operate, in theory and in practice. <br />Anonymoushttps://www.blogger.com/profile/04501940617030009190noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-85154407763362784872012-10-30T02:12:21.718-07:002012-10-30T02:12:21.718-07:00Very nice and helpful information has been given i...Very nice and helpful information has been given in this article. I like the way you explain the things. Keep posting. Thanks..stock markethttp://research4u.co.in/noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-64307388721238677112012-10-18T14:24:54.424-07:002012-10-18T14:24:54.424-07:00Funny how corporate taxes have steadily come down ...Funny how corporate taxes have steadily come down while corporate profits have steadily grown as a % of GDP. I guess that's what happens when you hire armies of lobbyists. And no one really talks about this...why?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-82636748030882863582012-09-27T07:44:20.627-07:002012-09-27T07:44:20.627-07:00Keep up the good work!Keep up the good work!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-27489851153020511462012-08-23T21:23:07.480-07:002012-08-23T21:23:07.480-07:00It's true in the UK too. In both countries th...It's true in the UK too. In both countries there is an increasing mismatch between the jobs available - many which provide a solid middle class living - and the skills of the workforcealternative investmentshttp://www.greenworldbvi.com/alternative-investments-options/noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-57980717642744001342012-06-12T15:33:27.043-07:002012-06-12T15:33:27.043-07:00There is no need for teachers because educated Ame...There is no need for teachers because educated Americans are ignored by the very institutions that claim to need them. Indians or Chinese can be conjured out of thin air (working for peanuts then deported when the task is done.)<br /><br />Every large American city houses tens of thousands of illegal foreigners who come to the US on vacation visas then end up working under the table while living in company sponsored housing. University academics love the R&D facilitates filled with willing slaves. <br /><br />No need for teachers (American ones anyway). America is now a feudal theocracy lorded over by the priests of academics and politics. Try to accomplish anything without having a patron in the right 'class'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-20751536419566378852012-05-11T13:58:02.882-07:002012-05-11T13:58:02.882-07:00A fascist party has already done extremely well in...A fascist party has already done extremely well in Greeece's elections, and the BNP in the UK is in a similar uptrend.farmland investmentshttp://www.greenworldbvi.com/alternative-investments-options/agricultural-farmland/noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-90176340225880971872012-04-26T10:10:09.961-07:002012-04-26T10:10:09.961-07:00You might want to look at some of the stuff I'...You might want to look at some of the stuff I'm writing about: http://deargreenplanet.blogspot.co.uk/Anonymousnoreply@blogger.com