12:17 PM ET: Everyone just took their seats, so I expect Summers to start speaking soon
Edit: Or maybe lunch is being served ...
Calculated Risk
p.s. WFC proved to me today that YES we CAN!
What are they eating....besides their shorts?
Just received a phone call from a long time friend who lives in Manchester New Hampshire. There is a company out there who is hiring 1000 people.
Guess how many people showed up to apply?...15,000. Yes thats Fifteen Thousand.
The head crook is going to make a toast I see.
"What are they eating....besides their shorts? "
The market's shorts as well-
"Just received a phone call from a long time friend who lives in Manchester New Hampshire. There is a company out there who is hiring 1000 people.
Guess how many people showed up to apply?...15,000. Yes thats Fifteen Thousand. "
I'll betcha some of those folks were from RI. It's been brutal down there.
Did its chief economist really complain that Africa was "under-polluted"? Yes he did. And today Summers was a key Clinton advisor on environmental issues.
"Health-impairing pollution should be done in the country with the lowest cost, which will be the countries with the lowest wages," Summers wrote confidentially to his fellow bankers and economists at the World Bank who quietly determine the fate of hundreds of millions of workers.
"Just between you and me, shouldn't the World Bank be encouraging more migration of the dirty industries to the [Third World]?" Summers wrote.
He posed this argument: If toxic waste or pollutants cause cancer in later life, why not send that material to countries where people don't live so long?
"The economic logic behind dumping a load of toxic waste in the lowest-wage country is impeccable and we should face up to that," Summers wrote to his banking colleagues in 1991
Jay D.
Did you watch the video you sent me? Summary:
- US unemployment bad, will get worse
- USD will fall
- friend went to China, said things looked busy
First of all, which country would be most injured by a fall in the USD? How about China, one of its biggest low margin exporters and biggest single investor
Second of all, it was 15sec out of a ~3min clip where he mentioned China. Here is a 5 min clip of a hedgie from 1 week ago as he is in China, http://www.youtube.com/watch?v=ektMQGbW3wk
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And little did they know, that as they lunched, hundreds of eyes were peering at them from the darkness.
Larry Summers, along with Geithner have to go before we can turn this ship around.
http://jessescrossroadscafe.blogspot.com/2009/04/impending-financial-col...
uhhh ...
And little did they know, that as they lunched, hundreds of eyes were peering at them from the darkness.
I'll believe that when I see somebody pick his nose.
.............................
Base hits win ballgames.
If you don't take your profits, someone else will.
Anybody want to guess how much his fee is?
popeye (member) wrote on Thu, 04/09/2009 - 12:34pm.
I'll believe that when I see somebody pick his nose.
I think the person eating the chicken breast with rosemary across the table kinda legislates against that.
Is anybody in the scene. Throw some signs or something if you're there.
Underpolluted?
I'm guessing they more than make up for it in infectious disease rates.
Let's make sure we spread the misery.
Larry Summers really needs to go......
http://finance.yahoo.com/tech-ticker/article/225897/Geithners-Stress-Tes...
Someone from the Carlye group is going to join him. We live in a system of crony capitalism and financial oligarchy. When is "dancing with the stars" on?
And that's when Jas Jain lurched into the camera's frame...
WASHINGTON (AP) - Vice President Joe Biden says states will share $2 billion in federal stimulus money to pay for child care programs for working families.
Another $300 million is being made available to help less fortunate people get needed vaccines.
The vice president said Thursday that the $2 billion for the Child Care and Development Fund will help states pay for child care for needy parents who are working, looking for work, or are getting job training or furthering their education.
President Barack Obama signed the $787 billion stimulus bill into law in February.
Obama said at the time that the package of increased federal spending and tax cuts would create jobs and help turn around the economy.
Summers is a bright guy who has made the mistake of voicing his unadulterated opinion too publicly. Read up on his resigning from Harvard where he served as president.
Summers seems to be all logic and no emotion. By all accounts he is a genius. When life grants an individual great talent it also seems to take away equally from somewhere else.
"And that's when Jas Jain lurched into the camera's frame... "
Christ man I'm at work! I just can't explode into laughter and not expect anyone to notice!
ABC 6 NEWS) – More layoffs may be coming to Delta Airlines as it deals with a drop in passengers. That could mean lower fares for travelers.
The newly merged airline is reporting a drop in the number of passenger-paid seats.
Last month, 80.5% of its seats were filled with paying passengers. That's down 4.4 percent% despite fewer planes flying.
Delta's CEO says parts of the company are still over staffed. One local travel agent predicts layoffs or furloughs will hit Minnesota.
But there is a bright spot for customers: Airfares are expected to stay low through the fall.
Reuters Headline and link this morning:
Retailers' sales fall in March
NEW YORK (Reuters) – Most U.S. retailers posted lower March sales at stores open at least a year, as shoppers remained focused on necessities and put off spring purchases because of a later Easter holiday this year.
Of the two dozen or so retailers that have already reported March results on Thursday, most posted same-store sales declines, as the recession continues hamper consumer spending. Yet 43 percent of them topped analysts' estimates, and several retailers even raised their quarterly earnings outlooks.
http://news.yahoo.com/s/nm/20090409/bs_nm/us_usa_retailsales_1
Reuters Headline Now:
Retailers' sales beat expectations
NEW YORK (Reuters) – Many U.S. retailers posted smaller-than-expected sales declines for March in a sign that shoppers may be regaining confidence to open their wallets after more than a year of recession.
Of the two dozen or so retailers that have reported March sales at stores open at least a year, more than half topped Wall Street estimates, and a handful even raised their quarterly earnings outlooks on Thursday.
http://news.yahoo.com/s/nm/20090409/bs_nm/us_usa_retailsales_3
Paraphrasing; Bottom soon, no bounce on the horizon.
I'm curious about this --
When inventories work down, won't we see the end of liquidation-pricing sales and start to see sales with unit prices set by the new production volume?
one wild card is 4/15. I spoke to someone at a state Dept of Revenue office. They have no freaking clue how much to expect; their office's estimates are all over the place.
He declined to give his peak unemployment estimate in camera!
He is also a self serving narcissist.
will stop the free fall within the next few months
did'nt he say the "feeling" of free fall....will still be falling, will just be used to it
Objective is to have a much more sustainable expansion.
Have more kids.
They are hellbent on carbon cap'n'trade and higher energy taxes.
In other words:
The vomitting and severe stomach cramps, sweating, and hallucinations that come with Heroine withdrawl will subside in the coming hours. That feeling that you wanted to kill yourself will turn into a zombie existance where it's difficult to think of anything other than the bliss of another fix. You must now accept that whatever euphoria you felt from that sudden hit will be replaced with a long hard road and a need to deal with reality. Welcome to sobriety.
27 uhhhhssss, and counting
Hey,
Yah know what pisses me off, we have Obama and party, playing the same game Bush played for 8 God awful years. The spin and twisted distortion came early with Iraq and now we have economic spin which is designed as an exact blueprint of the shit we just went through, and you can now call that change!
The Unknown
As we know,
There are known knowns.
There are things we know we know.
We also know
There are known unknowns.
That is to say
We know there are some things
We do not know.
But there are also unknown unknowns,
The ones we don't know
We don't know.
Department of Defense news briefing
Feb. 12, 2002
A Confession
Once in a while,
I'm standing here, doing something.
And I think,
"What in the world am I doing here?"
It's a big surprise.
Interview with The New York Times
May 16, 2001
did'nt he say the "feeling" of free fall....will still be falling, will just be used to it
The best description I've heard is the "upside-down square root sign" with a slight slope.
When inventories work down, won't we see the end of liquidation-pricing sales and start to see sales with unit prices set by the new production volume?
See "Second Tier Report" page 2
http://web-xp2a-pws.ntrs.com:80/content//media/attachment/data/econ_rese...
.............................
Base hits win ballgames.
If you don't take your profits, someone else will.
he's pounding out about 3-4 uhsss per sentence
going to be busy for a bit, in the mean time there was a good post from someone in Germany orphaned in the last thread
http://www.hoocoodanode.org/node/6554#comment-699637
Werner, if you're around, I think you should read it. It's such a small step to take between denial and reality
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yes - I think the "feeling of free fall" will stop is what he said. Whatever that means .... - CR
It means the frostbite will make you forget your toothache.
Concern about deflation can't be,uhhh,/b>, entirely discounted
Summers helped engineer that poolicy. Just like GHeithner sat idly by as the banks gorged. And then there is that disease Kohn. he should be prosecuted.
CR - pehaps you can comment on the similarity of the situation of Wells raising its dividend the day of the short ban and the firestorm it set off. Let us not forget that WFC CUT its dividend and now they are on TV touting how it is going to be accretive to equity. The CFO is a shill. Today in striking similiarity we get a pre release and no real explanation for it. Then we ghet the coordinated leak to the NYT on the stress tests and the plan to screw taxpayers with a mutual fuind for toxic crap.
The only thing you have to look at on WFC is the balance sheet time bomb in Cali. They have bee used as a shill for the banks to soften up the reporting season.
Total disgrace.
He is saying effectively that the markets won't crash anymore but the real economy is still the pits and will remain so until it recovers.
All about stabilizing markets but not helping the man in the street.
please,,,,,is that Bond Girl
We want our money back!
Nice video EHP, thankies.
me loves skyscrapers.
p.s. Has anyone had a chance to go over WFC earnings? Where did the bulk of profits come from, which devision?
Right on
Nice video EHP, thankies.
me loves skyscrapers.
p.s. Has anyone had a chance to go over WFC earnings? Where did the bulk of profits come from, which devision?
LOL!!! This is a circus now.
Larry Summers is a brilliant individual no doubt. I would not have voted for Obama but for the likes of Summers and Volker. That being said, it is unconscionable that Summers continues to remain in the Obama Administration with such an obvious conflict of interest. It is yet another ethical blow against our society. We should have learned by now that the end does not justify the means.
imapopulistnow
OMG that is Awesome!!!
OMG that is Awesome!!!
When do I get my check from Wells Fargo? I'm a Citizen Shareholder, right?
Hey Larry, she was right.
Way to go, whoever threw that disruption.
Fantastic. They laugh all they want. More of that please.
"There are two kinds of economic forecasts: those that don't know, and those that don't know they don't know."
How very Rumsfeildian. One hopes he meets the same fate shortly.
me has great faith in WFC balance shit and their marvelous CRE portfolio.
p.s. WFC proved to me today that YES we CAN!
MANCHESTER, N.H. (AP) - A higher-than-expected turnout at a New Hampshire job fair has forced organizers to turn away throngs of job seekers.
More than 10,000 people showed up Thursday for the event at Southern New Hampshire University's athletic complex in Manchester. The job fair had been heavily promoted on television, but organizers expected just 5,000 participants.
Traffic was backed up for miles and quickly filled the 3,000-car Mall of New Hampshire parking lot, which was being used as a shuttle-bus pickup hub.
Officials say 1,300 people, many of them dressed in business suits, entered the job fair within the first hour. The event began at 10 a.m. and was supposed to run until 3 p.m.
Rob Dawg (member) wrote on Thu, 04/09/2009 - 11:52am.
He declined to give his peak unemployment estimate in camera!
I find that very telling that it was not the numbers that have been very publicly promoted in the past...
Blackhalo (member) wrote on Thu, 04/09/2009 - 1:02pm.
How very Rumsfeldian. One hopes he meets the same fate shortly.
Could be restated as "those who know they're frauds, those who don't"
Bloomberg carried that 'disruption' live but not CNBC!
WASHINGTON (AP) - Stories abound of bartering during the Great Depression. From the doctor who got paid in chickens to the grocer who clothed his family by trading food for shoes, resourceful folks swapped what they could to make ends meet.
Welcome to the "Great Recession," with swapping again on the upswing. Craigslist.org, the free classified-ad Web site, reports that traffic is up 100 percent on its bartering boards compared to last year.
There are offers of construction help for a laptop, a Nintendo Wii for a BlackBerry, skin care for hair extensions. You name it, you likely can trade it in this new, old economy.
Rachelle Dixon of Bowie has bartered on Craigslist to get what she needs as she searches for a new sales job.
"Sales requires a very professional look," she says. "When you are not working, that is the first thing to go."
Dixon recently bartered for a spa-services gift card and arranged to have her hair and nails done by a beautician. In exchange, she helped the woman, who had moved recently, unpack boxes and organize her home.
In Boyds, Md., the Kirkes family has used bartering to build a business. Ryder Kirkes was laid off from an office job in July and started a landscaping business using tools and equipment he bartered for on Craigslist.
"He was able to barter services, from hauling junk to putting up fans, yardwork, you name it," Megan Kirkes says of her husband. "He did it many times in exchange for landscaping equipment. He even bartered recently for a utility trailer for his truck by doing drywall work for a couple, who in return gave my husband their older stove, fridge and microwave. For those things, he had found someone that needed them and would barter for a utility trailer.
"We are still struggling, but we have been able to start getting things that my husband needs to start his own landscaping company," she says. "We have faith it will be successful and provide for our family."
In some communities, the barter system never really went away. The nonprofit Center for a New American Dream, for instance, has long promoted a lifestyle that includes less consumption and waste and more community ties. Bartering involves all of those aspects, says Sean Sheehan, special projects manager for the organization.
"Bartering gives people a chance to connect with the community, beyond the actual product or service," he says.
Sheehan points out that these kinds of creative economic solutions could be a silver lining to the economic downturn. Just as the Depression era was known for less waste, this recession era might be known for the resurgence of activities such as bartering, which could stick around even when times get better.
Bartering also has long been used in the business world. Perry Constantinides, founder and president of Barter Systems Inc., a business barter service based in Kensington, Md., says businesses know the benefits of bartering in good times and bad. Bartering for goods and services can help many companies conserve cash flow, which is a useful strategy during this credit crunch, he says.
Barter Systems' network of about 1,200 businesses includes everything from lawyers and dentists to restaurants and house painters.
There are a few things to keep in mind if considering a barter. A barter relationship requires trust, so talk before bartering. That's where joining a network or a group can help, as the would-be barterers are screened.
Lawyers say barter exchanges are governed by contract law, so if it is a complex agreement, put it in writing, with both parties' obligations clearly specified. The writing could be as simple as an e-mail agreeing to the transaction. This could come in handy if there is a dispute and the case goes to small-claims court. Even if barterers don't put it in writing, oral contracts are enforceable provided that the terms of the deal specify that the transaction is to be completed within a single year.
Also, in bartering, you really don't get something for nothing. The Internal Revenue Service considers bartered items as income and expects barterers to declare non-cash exchanges on their annual tax return with a 1099B form.
Though many small barter exchanges likely go unreported, it is not that difficult to determine fair market value of goods and services. Taking a quick look at Craigslist or eBay.com can help determine the market price for a particular service or item.
The Investment roundtable with GS CEO the other day was interrupted by a heckler as well...Watched it on CSPAN, it was pretty funny. Surprisingly he handled it pretty well and even gave credence to the hecklers concerns, chastising the others in the meeting for laughing.
Soon we'll find out these hecklers are all scripted government plants, designed to make the doomers look more ridiculous and "out there"
I think changing our current system requires the sacrifice of a few classes of nuts.. Summer falls in both category 4. and 6.
1. Randians and similar nutcases (secular religion is still a religion)
2. 'Liberterians' (the ones that like the idea only when it profits them).
3. 'Liberals' (the ones that pretend to be liberal, but can never see someone who is not their type as human).
4. Ivy leaguers (clever but incompetent boobs)
5. George Soros types (we know what is best for you.. sure)
6. Financial Types (if your money cannot create more wealth, it has no use)
7. Environmentalists (seriously if you think humans are so bad.. just kill yourself)
I think the extreme left are just as bad as the extreme right and the extreme secularists.
unemployment will go higher. Won't forecast peak.
he needs to chat with seb.... seb called the peak back in december
For those who don't understand Ospeak: "Healthcare reform" is code for capping health care salaries and gatekeeping expensive procedures.
I was going to post about the job fair in Manchester, NH, but I see it's already covered here. News does get around fast.
As far as bartering, there is some kind of bartering bank I saw on the news a few weeks back - you give your services and earn bartering bucks (or whatever) and then you spend them on services that others provide. Kind of a neat concept.
"Kind of a neat concept."
.....until you receive a love note from the IRS advising that it's still income.
.............................
Base hits win ballgames.
If you don't take your profits, someone else will.
Soon we'll find out these hecklers are all scripted government plants, designed to make the doomers look more ridiculous and "out there"
--------------
All is glossy in your rose colored world I am sure...fuck off with your doomer crap..and open your fucking eyes idiot.
Summers: "There are two kinds of economic forecasts: those that don't know, and those that don't know they don't know."
That's just Rumsfeld used to say and we all know what kind of situation that began.
I just don't understand why a man who so boisterously cheered to end of Glass – Steagall holds the chief economics advisor position in the first place.
I'm sort of new here and would like to ask a question.
How does one add a homepage to a user name, after becoming a member? I'll be back to find this, if someone knows. Thanks.
I have nothing more to add, except:
thats ballgame...
hecklers scripted to discredit... yes you are more right than you might know
btw there is ample evidence that the neocons wanted a pearl harbor thus giving them license and public support for wars of choice
but that a far cry from saying they cuased or participated
the neocons failed to protect wink wink nod nod but they DID NOT cause the attack (agents and translators who reported threats were undone)
but the nuts that claim our gov attacked us , i suspect many are plants in order to discredit all ration argument and discourse questioning the official party line
Just received a phone call from a long time friend who lives in Manchester New Hampshire. There is a company out there who is hiring 1000 people.
Guess how many people showed up to apply?...15,000. Yes thats Fifteen Thousand.
That's nothing. In February, 10000 people applied for less than 200 Target jobs in Tucson.
Must ramp the markets for Seder/Easter.
Interesting that one (absolute religious nutters to even give passing energy to this) arm of Judaic-Christian heritage celebrates the plagues God pronounced upon the oppressive Egyptians who, fearing Hebraic ascension over them, enslaved the Jews, subordinated all their labour to the state, and stripped them of liberty. They celebrate the plagues culminating in the destruction of all the first-born in the land, except those whose lintels and doorway thresholds were marked with the blood of a sacrificial lamb.
Interesting that the other celebrates a resurrection/ascension of a visiting god who liberated mankind from death and a system of merciful workouts from the hard judgement of debt.
Both are jubilant festivals of men bound down in servitude being released from chains and unburdened from rules of compulsion and rigour.
Interesting still that at this juncture, the world's mankind are entering again into a deep cycle of tyranny. Debt tyranny. Tyranny of personal finance encouraged by the state and its bankers--tyranny as even the prudential are swept into the net via an exchange of private (unserviceable) debt for public. The yoke is adjusted to those most able to bear it irrespective of their consent.
This is termed "drinking from the bitter cup unto the very last dregs".
Sometimes in this world (especially if you have insinuated unjust designs into a financial system by suborning the political class to your objectives), you can escape the absolute judgements of a balance sheet. With wily conspirators, one who is insolvent and replete with fraud may pretend solvency perpetually. This seems possible in some of mankind's constructs, particularly that of Babel.
The religious holidays defy that model. The idea of atoning is to make whole all liabilities by equitable hard labour until all debts incurred wllingly are free-willingly paid. This, the purchase price of true liberty, cannot be arbitrarily assigned to another's brother. Only true equity may purchase and release the debt. Those deep in service to it can only have the terms altered and restructured by an entity so wealthy, so rich in accumulations that that instrument is released from its senior position to be brought to another system wherein workout becomes possible according to the capacity of the debtor. The justice demanded by debt is mitigated by the other's system of mercy.
Atoning and redeeming a debt is a hard prospect, but doable so long as forward demand is not consumed for present needs to such a degree that repayment is mathematically impossible. When the future is leveraged to such an extent that that tipping point is exceeded, there is only death.
Vehigadta levincha' bayom hahu leymor ba'avur zeh asah Adonay li betzeyti miMitzrayim
"And you shall tell it to your son on that day, saying, 'Because of this God did for me when He took me out of Egypt'"
Perhaps we still may be "taken out", but one should fear we are "going into" bondage.
At Harvard, he could'nt compete with the math and physic's guys , so he bacame an economist.
until you receive a love note from the IRS advising that it's still income.
Can't escape the DC leech, but at least you're free of Wall Street. It's amazing to see just all the ways the "finance premium" pops up.
CR....you need Sirius satellite...it helps to focus on the listening, and not the viewing. jus sayin
Relax, Shill
I was wondering what that disruption was...the GE thought police at work.
What about incomprehensive tax reform?
Bloomberg link
Summers: (paraphrase) Good for future investment to make clear what the U.S. will do for energy policy and climate change. Not good "having it hang out there". - Calculated Risk
Meaning the market will not be trusted to determine energy prices. The Oministration is vastly overreaching.
Basel Too, re: upside down square root sign
I think we are set for an overdamped response. I've been referring to that with more accessible term of 'Manic Depression' recently.
This is what I'm describing.
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Well don't be a frigging jerk...as far as I can see the doomers have been spot on...not that I am a card carrying member...but real is real and bull shit is bull shit....and there is a ton of that being thrown around.
Q&A
Doc Holiday, you can't add a homepage yet. You can instead write a signature, which you add by clicking on your user profile. I will be adding this though - I think the signatures hurt readability (repetitive text has to be scanned), and would prefer a more structured approach.
Americans want change ....
--Barack Obama, c. mid-2008
This sucks! --Change it, Butthead!
--Beavis, c. mid-1990s
Look, I'm all for profit, also...like derringer says I to am a pig, but I also read between the lines, and the lines are all over the paper.
I apologize for my out burst...but is pisses me off when things are glossed over to make everything look rosy and cherry and its not...this country is in deep financial trouble.
Look, I'm all for profit, also...like derringer says I to am a pig, but I also read between the lines, and the lines are all over the paper.
I apologize for my out burst...but is pisses me off when things are glossed over to make everything look rosy and cherry and its not...this country is in deep financial trouble.
2nd thoughts on dereg during clinton admin
Japan would be an example of underdamped. Economic growth would not take over until things are stable and thus horizontal on that chart/example
⡑⡓⡏
The similarity of physical characteristics is stunning.
http://images.google.com/imgres?imgurl=http://www.geocities.com/Area51/C...
Summers: Concern about deflation can't be entirely discounted.
Many people experience a lot of suffering in an economic downturn like this and some will die because they haven't the wealth and resources to pay for basic needs or healthcare in a crisis. But that doesn't mean we can't have word play that illustrates the remove of our so called policy leader from this street experience.
I've totally turned against Rubin and all his protegy-henchmen for forcing risks on everyday people who never sought or meant to take that kind of risk. They are hit and run drivers.
Did he just say that no one saw the problems with derivatives coming down the road?
not that anyone cares... but that zeta=0.75 should be zeta=0.25 for underdamped, and zeta=4 for overdamped
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"this country is in deep financial trouble."
-------------
WFC is up today.
"These are not the crises you're looking for" - Obi Ben Bernanke
not that anyone cares... but that zeta=0.75 should be zeta=0.25 for underdamped, and zeta=4 for overdamped
⡑⡓⡏
First key is get the economy back on track, then deficit reduction is necessary.
---------------------------
Only problem with that is that there's no money to spend.
Anyone who believes that humans are the major cause of climate change on earth had probably not studied geology. You know that we were in an ice age till almost 12 thousand years ago.. right? And it was only the latest on a series of ice ages that have occured in the last 3 million years.
These enviros remind me of religious nutter who believed that drought, floods, earthquakes and plauges were divine punishment for human sinfulness.
My jaw is on my chest!
This man is an egomaniac....and we are relying on him!
God save us.
Fu*k you very much Larry.
Yah know what pisses me off, we have Obama and party, playing the same game Bush played for 8 God awful years. The spin and twisted distortion came early with Iraq and now we have economic spin which is designed as an exact blueprint of the shit we just went through, and you can now call that change!
Yah know what pisses me off? It was obvious to any aware observer with an iota of ability to think critically that Obama was a lying sack of shit when he talked about "change". Anyone paying attention could see that all the people he was associated with represented either the status quo, or some grotesque form of leftist activism-- or a weird combination of the two.
Now, everyone is all surprised that that is exactly what we are getting.
THAT'S what pisses me off.
Did he just say that no one saw the problems with derivatives coming down the road?
---------------------
No he said very few people forsaw it. Namely, he probably knew and was expecting it.
Ken,
You are right. Siggy deleted until the homepage feature is activated. Thanks for all you do.
The death of American middle class.
The CDS blip was a supernovae on a ele collision course
"drought, floods, earthquakes and plauges were divine punishment for human sinfulness"
----------------
Yes, the Ancients had it all wrong.
Bernanke, Paulson, Summers and Rubin are the true divine punishment for human sin.
I wanted to watch the heckling scene but my connection is too slow and then I realized...
I have zero interest in anything that Summers says.
It's meaningless.
Shill,
I'm on your side. I AM a doomer, and I agree we're spot on (though I don't like that term for us, necessary. Something like "independent-thinking realists who actually display a modicum of intelligence and realize there's no way out of this hellhole" might be a better term)
I wasn't making light of doomers. I was saying I could see the govt planting "fake doomers" to look ludicrous and discredit the correct points being made by the real doomers.
Interesting that one (absolute religious nutters to even give passing energy to this) arm of Judaic-Christian heritage celebrates the plagues God pronounced upon the oppressive Egyptians who, fearing Hebraic ascension over them, enslaved the Jews, subordinated all their labour to the state, and stripped them of liberty.
Actually, if I remember my bible correctly, the jews willingly and freely entered into slavery under the Egyptians. And in Exodus, Moses was constantly confronted with complaints that slavery under the Egyptians was vastly preferable to freedom in the wilderness.
When one considers the status of our current "debt slaves", and how they so willingly "signed on the line that was dotted", one must remember that there truly is "nothing new under the sun", eh?
I was saying I could see the govt planting "fake doomers" to look ludicrous and discredit the correct points being made by the real doomers.
they are called "Agent Provocateurs" and that's one of the oldest political disinformation strategies around.
What was the disruption? Someone sneak in then speak out?
What did they say?
CR - thanks for the running commentary
I HATE people who say "then deficit reduction is necessary"
NO!
Deficit elimination is necessary!, we need to run a surplus so we can pay off our debt!
A non-balanced budget should not be allowed unless Congress has declared war on another country - that would cut eliminate deficit spending that is due to political lack of a backbone.
Anyone else support this bill?
"No federal budget deficit allowed unless a state of war has been declared by Congress"
CR and anyone else who missed it,
Larry Summers protest disruption : http://www.youtube.com/watch?v=pzTrPVSni14
Enjoy.
I think the extreme left are just as bad as the extreme right and the extreme secularists.
I have a particular aversion for the extreme middle.
http://www.politico.com/news/stories/0409/21053.html
US loses economic wargames...Pentagon.
Dispatch that over to the Fed
Shocker
CR and anyone else who missed it,
Larry Summers protest disruption : http://www.youtube.com/watch?v=pzTrPVSni14
Clearly that was staged or allowed by the authorities. No way would any unauthorized person get that close to the podium or remain there for that long unless someone in charge allowed it. Code Pink is a fringe organization in the eyes of the public, so this discredits the arguments of genuine protesters by making a mockery of the subject.
Move along people, nothing to see in this thread:
Didn't the host in that piece, David Rubenstein, give $10 million to Harvard while Summers was in charge, just before DR went out and lost a billion or so for shareholders of the Carlyle Group's one public company?
I get the disctinct impression that Summers is not of this planet. He's here to mine it.