Does Brian type these up as hes listening to them?
's for Brian!
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But hey, since when do we export electronics to Asia? What is this, the 1950s?
Short answer, we don't
We design them and have them fabed in Taiwan. Almost everyone is "fab-lite" now since you need $5-10B to build a new fab.
Source: http://www.wikinvest.com/stock/Texas_Instruments_(TXN)
Texas Instruments has currently embraced a "fab-lite" manufacturing strategy for its semiconductor division that has proved to be quite successful so far. According to the Fabless Semiconductor Association, a "fab-lite" company is one that outsources 40% - 50% of its production. Doing so enables a company to significantly lower its "capex," or capital expenditures by letting foundries with the existing machinery to do the actual manufacturing of the chips. TI outsources about 50% of its CMOS production to these foundries, whose sole job is manufacturing. These foundries include TSMC (Taiwan Semiconductor), UMC (United Microelectronics), and SMIC (Semiconductor Manufacturing International), all of which TI uses to outsource its semiconductor fabrication. By doing this, TI hedges itself against the down cycles of the semiconductor industry, although it does sacrifice some of the "potential margin upside" during up cycles. During the down cycles of 2004 and 2006, this strategy has helped TI to successfully mitigate some of this inherent volatility.
--
The Zombie Apocalypse begins when U3 hits 15%
"demand ... at an overall lower level than it has been for some time ..." (paraphrasing)
Nemo (member) wrote on Mon, 04/20/2009 - 3:51pm.
xxx
Thought better of sending us all kisses, did you? Or are you doing a night time gig in North Beach at Big Al's?
doom comes on kitty-cat feet?
Have we heard anyone say a prayer for the dead today?
That's decent guidance. It's good to hear someone making sense once in awhile.
This conference call had more waffles than an IHOP.
CR,
Is that not a prayer?
//just perhaps stabilization at "an overall level lower than it has been for quite sometime//
Bounce tomorrow?
OT: Why does U.S. currency stink? I mean, literally, stink! I don't know where it's been.
"Goldman Sachs executives have decided to return the TARP money the company received, thinking they can be free and engage in their own risk-taking without involving taxpayers. Hence, they can pay themselves bonuses galore with their "private" money. Given the fungibility of funds and taxpayer support, this is a masquerade. So long as Goldman Sachs may need us again in the future, whatever bonus they are paying today is a bonus that may be covered by the taxpayer tomorrow. They need to vow to never accept taxpayer money and never take advantage of society's implicit stop-loss order if they want to continue paying themselves the way they did in the past. Otherwise, it should be made clear that every penny they pay their hotshots now is liable to be clawed back at the next round of bailouts."
Nicholas Taleb speaks reason.
http://www.huffingtonpost.com/nassim-nicholas-taleb/goldman-sachs-counts...
CR,
Do you really believe that world of yesterday or day before yesterday can come back? If you do.. I have a simple question.
How will people make money.. can we create enough jobs?
It is about people making decent money.. jobs or "consumer pay". The rest is just the icing...
Information has marginal utility. What we're seeing is the same as previous industrial revolutions, i.e. the railroad boom after the Civil War, the electricity boom after 1890. I suspect that Facebook's reported growth is false but I can't prove it.
So do I.. but peolple do not like ideas that make them wonder if their life until now was a con.. Pride makes people stick to their old ways..
Jobs. Jobs. Jobs. What is the problem facing the US. Jobs. What will cause all economic issues to worsen and cause instability? Did I mention Jobs?
From cliff diving, we go to flatlining. And then the bottom drops and the coaster takes another shoot down. Maybe he might want to say what his job gain forecast is...because if it is anything but net zero to positive going forward, their will in time be yet another inventory correction when demand heads that much lower. Oy.
The call almost sounded like a grownup was in charge for a little while.
HAL : I'm afraid. I'm afraid, Dave. Dave, my mind is going. (CHONG : Dave's not here.)
An economy of c. 1996 would be getting off easy.
Huh....TI's comments reflect what I have been saying for a few months...that said, I agree with CR, the recovery is going to a very long haul with little to any growth for 2-3 years.
I am not so sure.. I am intrigued by the certainty in your beliefs..
Look.. there are firsts.
//Information has marginal utility. //
Rob Dawg,
That is a prayer..
//An economy of c. 1996 would be getting off easy.//
"Goldman Sachs executives have decided to return the TARP money the company received, thinking they can be free and engage in their own risk-taking without involving taxpayers. ..."
Not so fast! Goldman Sachs has benefitted more from the FDIC backstops than they have from the TARP. If they cannot live without the backstops (the FDIC backstop isn't the only one they're operating with), then they cannot be deemed healthy. Where is Lloyd Blankfeins's confidence? Where is his courage? If Goldman Sachs can stand on its own, then Goldman Sachs should renounce the backstops in addition to repaying the TARP. Talk is cheap !!! Let's see Goldman Sachs show us that they aren't a ward of the state by not only repaying the TARP, but by living without the backstops.
Pay people to consume.. make a lower middle class standard of living as the absolute floor of poverty.. as long as the money is kept in circulation, it will work.
//Jobs. Jobs. Jobs. What is the problem facing the US. Jobs. What will cause all economic issues to worsen and cause instability? Did I mention Jobs?//
This cannot end well..
//Goldman Sachs executives have decided to return the TARP money the company received, thinking they can be free and engage in their own risk-taking without involving taxpayers//
Well, there could be a silver lining here. If the reflation works, I expect to see a major boom in calculator sales. Most current calculators only have 10 digit screens. That's no where near enough the fed & gov't are tossing around trillions. If Bernanke gets his way, a trillion will be the new billion.
I need more digits dammit!
Stupid mercantilists..
________________
Japan Eases Recession Pain as Wage Cuts Support Jobs (Update1)
By Jason Clenfield
April 21 (Bloomberg) -- Toshio Taniguchi is one of about 10,000 workers at Tokyo-based Renesas Technology Corp. who accepted a pay cut last month to keep the company alive. "It was tough to swallow," said Taniguchi, a 62 year-old worker at the company, Japan's biggest unlisted chipmaker. "But most people are just thankful they still have jobs.
OT: Goodwill Impairments
The Bank Write-Downs That Are Coming - Goodwill Impairments Provide A Hint
Michael (member) wrote
And Nova that thing on Beckman you found is an ADL report. Enough said. Don't get me started on J-People.
So for all his godly talk, Michael is just another stupid racist. How dull.
Lucifer (member) wrote on Mon, 04/20/2009 - 5:21pm.
Rob Dawg,
That is a prayer..
//An economy of c. 1996 would be getting off easy.//
Lucifer. Did you personally get the blood sacrifice that I sent and the flowers?
But we have will incinerate the ivy leaguers first..
_______________________________________
Looking For a Few Business Heroes
03:26 PM Monday April 20, 2009
By Vineet Nayar
Heroes emerge in challenging times.
Look back into history and you will see that true heroes have emerged in the most trying periods. Names that shine out are of leaders like Mahatma Gandhi, Martin Luther King, Nelson Mandela. They are revered as heroes because of the enormity of what they achieved in spite of the odds stacked against them.
The military is another familiar battlefield of heroes. So is the sports arena. This is because they expect to be faced with overwhelming challenges at every stage. They are prepared for what might be considered a 'crisis scenario' and emerge victorious with skill and courage
You think I am Blankfein?
//Lucifer. Did you personally get the blood sacrifice that I sent and the flowers?//
"HOUSTON - As R. Allen Stanford, the Texas billionaire accused of masterminding an $8 billion Ponzi scheme, tells his side of the story, regulators are lying when they say he defrauded tens of thousands of investors. And if any of it is true, his chief financial officer is to blame, Mr. Stanford says."
http://www.nytimes.com/2009/04/21/business/21stanford.html?_r=2&hp
At least Madoff accepted the blame. Stanford seems to be an overly large whining child. Don't miss the part where he blames the SEC and the fact he isn't in jail.
Show us !!!! Show us, Goldman Sachs, that you can stand on your own. Renounce the backstops AND pay back the TARP !!!
"I am not so sure.. I am intrigued by the certainty in your beliefs"
----------------
It's a simple proof. If information does not have marginal utility, it means that eventually all effort of all people in the world would be expended on obtaining and using information. 
You can already see the empirical proof of it in network growth.
People will only spend a certain percentage of their time on web pages.
You can see it in the profit margins for Microsoft, Oracle, Cisco.
http://finance.yahoo.com/q/bc?s=MSFT&t=my
http://finance.yahoo.com/q/bc?s=ORCL&t=my
http://finance.yahoo.com/q/bc?s=CSCO&t=my
Stocks are basically flat-lined since the 2001 crash.
So basically TI is saying we have hit a new, lower level of economic activity.
The issue is, how long can we stay there? As someone on this site mentioned before, a leveraged economy needs growth. It is very difficult for a leveraged economy to stand still, it either follows a virtuous or a vicious cycle.
The government is the only counterparty big enough to allow Goldman and all the other big banks to hedge against present and future asset declines. And thus it shall be.
The AIG, FNM, FRE, TARP, alphabet soup bailouts are first and foremost bailouts of the banksters.
It's all for the greater glory of ponzi finance.
What?! Is Goldman Sachs full of weenies? Why can't they live without the backstops? How do they think that they deserve glory for paying back the TARP when they are more dependent on the backstops than they are on the TARP?
If anybody wants to read something completely nauseating, this will do the trick:
The Wail of the 1%: http://nymag.com/news/businessfinance/56151/
So basically TI is saying we have hit a new, lower level of economic activity.
Instead of a "permanently high plateau" we have a "permanently low valley" with occasional crevices.
I vote for 1993 economy.
"So basically TI is saying we have hit a new, lower level of economic activity."
-------------
If you'll remember, (although I hate this guy) Ballmer said the same thing a few months ago. Very doubtful that the marginal driver of activity (information age) can be restarted. The value is largely exploited. There's still niche products and improvements but I expect shrinking profit margins, just like the car companies and the railroad companies before them.
The level of Federal debt and intertwining with the economy is a new development. I don't see how it can be a positive development, though. There may be the illusion of positivity for some people.
This dude has some comments......Wallstreetpro2
People could make Diethyl Ether in the 12th century AD. It's effects on the brain were known in the late 15th century. People started using it as an anaesthetic in the 1850s..
//It's a simple proof. If information does not have marginal utility, it means that eventually all effort of all people in the world would be expended on obtaining and using information. //
May I recommend resurrecting the Guillotine?
//If anybody wants to read something completely nauseating, this will do the trick:
The Wail of the 1%: http://nymag.com/news/businessfinance/56151///
Yea the Wallstreetpro2 is a real hoot! Someone should tell him those butts are going to kill him tho!
Check out this one...
My 'fav'.... http://www.youtube.com/watch?v=dhaQqN1ZXUU&feature=related
ROTFLMAO
Is it me or did this read exactly like what Intel said?
If it is a plateau why is shipping dropping steadly? Where is the demand going to come from? I thought one of the biggest US chip consumers was the automakers?
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
A response to national billionaire from burnside on my behalf from a couple of threads ago. Research is good. Thanks burnside.
"burnside (member) wrote on Mon, 04/20/2009 - 7:43pm.
notional, you can estimate the sophistication of reportage - or its lack - by the inclusion by reference to an eleven-year cycle.
When you encounter an article which details eleven-, eighty-eight-, two hundred- and eleven hundred-year cycles, you'll have run into someone who's taken more than a short time to read up an unfamiliar subject.
Intermediate and long-wave cycles are moving towards minima now, all having lately peaked and reversed. It will take a very, very long time to generate problems; I think it's safe to say the global trend going forward is cooler and cloudier with more precipitation, though there will almost certainly be noise/anomalies in short-term data.
If you're worried about polar ice, be assured you'll see it restored in your lifetime. "
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
The technology to extract chemically pure morphine was around since the alchemists... so why did people not extract and use it till after the 1800s.
The technology to make mercury fulminate was around since the 14th century.. but percussion cap black power weapons only became popular after the 1830s.
They had to improve on irving fischer
//So basically TI is saying we have hit a new, lower level of economic activity.//
Michael,
Any cycles that you think are "out there" are actually in your own mind. History is dead.
Hi, Lucifer
Do you, too, support the legalization of heroin?
Broward Horne wrote on Mon, 04/20/2009 - 5:17pm.
Information has marginal utility
But knowledge is power if you know how to apply and monetize it 
Folks read up on the 'knowledge economy' because that's one of few areas left to make big money !
Yes I do.. People have the right to get high and f**k up their own lives.
So are there more alcoholics or more heroin addicts. Which drug causes more human death and suffering.. we did try prohibition... how did that work out?
//Do you, too, support the legalization of heroin?//
Oh and one more thing.....I'm not talking about how large a following you have on Twitter
reptillian (member) wrote on Mon, 04/20/2009 - 5:47pm.
Hi, Lucifer
Do you, too, support the legalization of heroin?
Heroin is illegal? OMG. Quick, somebody change my registration from Rep to Dem.
Michael? Honey? Did you light a birthday candle today?
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
Wow, Nippon is grumpy today.
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
Single data points & one-off examples are not the same as building and manipulating the infrastructure of information.
The railroads rose and peaked and fell, although iron was later used in battleships.
I, too, support heroin legalization. It is the subject of a Bayer patent, after all. I am interested in legalizing drugs in order to cut the associated crime. That's the only way that the "war on drugs" will be successful. This "business" of locking-up non-violent drug users has only benefitted the guard unions and the for-profit correctional institutions. It is well documented that a drug user could be offered rehab/counseling at a much lower cost than it costs to incarcerate them. If drugs were available with a prescription, gov't could collect tax revenues, too.
http://www.youtube.com/watch?v=dhaQqN1ZXUU&feature=related
Walstreetpro2 really knows his shit. At least someone knows what the fuck he's talking about when it comes to the goddam shit goin on in this mother fuckin country. That's what I'm talkin about.
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
Check this one out from Walstreetpro2
http://www.youtube.com/watch?v=eiBcluzNjLQ
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
Michael. Real Americans don't find the need to use the F word.
The battleship was the most complex piece of hardware made for awhile.
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
reptillian we had to do several models on this with 'system dynamics' in undergrad. its amazing people havent figured this out... then again prostitution is still illegal...
No doubt but Goldman Sachs will dismiss my challenge to them to forego the backstops AND repay the TARP on the grounds that I am some sort of kook who supports the legalization of heroin. But Goldman Sachs, if it fails to become independent, is more a junkie than any heroin addict ever was. They are addicted to government money, bailouts, and a free ride. They are addicted to free-and-easy credit, which is something that has done more damage to the country than any drug has ever done. Where is the "war on bankers?"
The Semi Industry billings continue downward at a depression like rate. TX always way oversells on their conference calls. Second quarter is always the weakest and I suspect in 9 weeks TX will pre-announce lower guidance. I have been in the Semi industry 25 years and this makes look the tech. bubble burst look like child play!
http://www.semi.org/en/Press/CTR_029309
Look at three years ago numbers.
@KM4: I wouldn't know how to "monetize" knowledge if it jumped up and bit me...
The unemployed or marginally employed months I spent either sleeping in my car or rooming at a boarding house near Atlanta in 1983 were some of the most intellectually fulfilling. Using the public library system I read deeply into early and medieval European history and theology. No money in it -- but I still believe it's made me a more "complete" person...
There's more to being an American than being an "economic" man or consumer.
If you really get depressed, broke and everything looks blackest -- why then you just may be ready to read most of Soren Kierkegaard (the apostle to the Intellectuals). That will also make you a more complete -- dare I say "resiliant" person.
Those who don't end up sucides or alcoholics may find lowered economic expectations allow them to find real growth in other areas of human life ...
Drugs are legal. You just need to be an official dealer. A drug company.
When I was detoxing all the Heroin addicts thought they were royalty. Boozers were at the bottom.
Funny thing is most of the really hard core addicts were suburban Moms with legal pill habits that got out of control.
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
The illegal Mexicans in the US run an estimated $1 trillion in cash through the economy, much more of that trickles down then does from Bernie Madof's and Hank Paulson's gang.
If we legalize heroin then what are all the illegal Mexicans gangs supposed to do for living? what about all the mom and pop shops, like custom car rim designers and gold chain wholesalers going to do?
That would un-American.
from the semi.org link
The three-month average of worldwide bookings in March 2009 was $278.9 million. The bookings figure is about eight percent greater than the final February 2009 level of $258.4 million, and about 76 percent less than the $1.17 billion in orders posted in March 2008.
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
If we legalize drugs then all the blacks will be high all the time and we whities won't need to be afaid of them anymore
Anonymous wrote on Mon, 04/20/2009 - 6:03pm.
The illegal Mexicans in the US run an estimated $1 trillion in cash through the economy,
Cite?
You know, every time I see one of these new tent cities in CA, I'm just amazed at what nice tents they can afford. My tent is old and not nearly that nice.
Michael,
Please desist from sending me emails that include attachments. I do not want to see all 4 inches of Mr. Winky standing at attention.
Thank you
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
Man, this is why I continued to hold QID and PSQ, right through the bear market rally.
I don't know one person who is saying: "I need more microchips."
Most people I know are cutting way back on microchips.
But they are getting cheaper. Just wait for the right time to buy.
I hear you rich ...
and nades' site has the pictures to prove your point ....
Samdog,
I know. That's the picture I was looking at when I was getting tent envy.
To me, living in a really nice tent was always kinda a retirement type dream.
Now, here I am almost ready for retirement and no way. I'm stuck in a house.
HaHaHa: Chrysler Financial Rejects Bailout Money
Give it all back !!! Stand on your own !!!
With the PC market in the toilet, it's no surprise that Wall Street expects Apple (AAPL) to report lousy March quarter Mac sales growth this Wednesday. (Join us for LIVE coverage and analysis.) But it's still stunning to see how fast the Mac growth engine has stalled.
http://www.businessinsider.com/apples-mac-business-expected-to-shrink-fo...
Falling Prices Fuel Deflation Fears in Europe !
http://www.nytimes.com/2009/04/21/business/global/21deflate.html?_r=1&hp
That's the only way that the "war on drugs" will be successful.
--------------------------
The war on drugs is almost over. Once the NAFTA provision to replace I-35 with the 24 lane "super highway" WITHOUT customs inspections from Mexico to Canada is completed, the Dept of Customs might as well call it a day.
rich (member) wrote on Mon, 04/20/2009 - 9:15pm.
Samdog,
I know. That's the picture I was looking at when I was getting tent envy.
How do they keep their tents from blowing away?
I doubt the city lets them drive spikes into the concrete sidewalk ....
Reptilian at 6:03pm,
Chrysler Financial has turned down gov't money because of the restrictions on executive compensation, http://www.washingtonpost.com/wp-dyn/content/article/2009/04/20/AR200904..., but I think that, in its case & GS's case, the alleged "refusal" or stating that they'll payback what they've taken, is just a bargaining ploy. The IBs, et al, have mostly done such a good job of negotiating with the feds (Geithner seems to practically grovel, please, please, let me give you ever more assistance, oh, are there too many strings attached for you? Let me see what I can do . . .), that it seems as though all they have to do is say, in effect, you're trying to control my actions with YOUR money, how dare you try to control me, master(
of the universe, I'll just go get money from the private sector and if I fail it'll be all YOUR fault because you tried to impose such unjustified overly restrictive conditions on handing over taxpayer dollars and/or taxpayer future indebtedness (pout).
Probably Citi, BOA, are waiting to see what happens.
I agree with you regarding legalization of most drugs, although I'm not too sure about legalizing methamphetamines, they seem to make people behave a little too crazily and destroy them very very quickly. At least heroin & alcohol generally take longer and, from what I've seen & read, it's possible for alcoholics & heroin addicts (if the quality of heroin is known & regulated, clean needles, etc,. as in the UK for a time prior to Thatcher) to work, raise a family, etc. pretty successfully. For awhile, anyway. Am not sure that's possible on meth, PCP or for a regular user of Ecstasy, but I don't know much about the last. Completely agree regarding relative cost & utility to individual & general health/welfare of drug rehab to imprisonment.
How do they keep their tents from blowing away?
I doubt the city lets them drive spikes into the concrete sidewalk ....
Pony kegs
http://afterthecrash.net - Home of the Doomer Story Portal and Other Stuff
"Let's review your tax dollars at work: Godlman Sachs CEO Hank Paulson lobbied the SEC to allow the 5 largest iBanks to be exempt from net capital rules, and then leverage up 40 to 1. Which they did, especially with Mortgage-backed paper and derivatives. Then he becomes Treasury Secretary, and transfers from the taxpayers to these same iBanks - some directly, and some thru AIG - trillions of dollars." -- Barry Ritholtz
O/T
Havent seen this in the american news :
From the Frankfurter Allgemeine Zeitung : (http://www.faz.net/s/Rub1C361F33FC404444A08B1CFAE205D3E4/Doc~E075DC415AB...)
"Zetsche lotet Beteiligung Chinas aus"
...Daimler spricht mit dem chinesischen Staatsfonds China Investment Corp. (CIC) über eine Beteiligung...
"Daimler CEO Zetsche explores Chineese investment"
...Daimler talks with the chineese government font CIC about an engagement of CIC in Daimler .
Interesting : After a recent engagement of Abu Dhabi's government font in Daimler, the Chineese seem to be interested too. Can anyone explain to me why these government fonts are interested in Daimler while they evade american companies like the plague ?
Anonymous wrote on Mon, 04/20/2009 - 9:17pm.
Falling Prices Fuel Deflation Fears in Europe !
Smug Europeans will soon find out why it's called a global financial crisis ....
pls explain "booking" vs "billing" in laymans terms...how are they related?
bobn,
Name calling is so progressively liberal minded. I understand you can't do any better than that. Surely you could try to come up with a better name for someone like me, who sees things as they truly are.
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
"real growth in other areas of human life"
-----------
My sex life is better, that's for sure.
I'm helping my brother with online job hunting, he's never done it despite working at MSFT and AMZN.
I've done it continuously, monthly, since I started contracting (2004).
I just found two possible jobs for myself that I would have missed otherwise.
Oil down 8.5% in one day tells us everything we need to know. The recovery has not yet started. Down to 6500 we go...
"pls explain "booking" vs "billing" in laymans terms...how are they related?"
The semis "book" orders, then bill if they deliver (if the order doesn't get canceled) ???
nova (member) wrote on Mon, 04/20/2009 - 6:28pm.
How do they keep their tents from blowing away?
I doubt the city lets them drive spikes into the concrete sidewalk ....
Pony kegs
Nova, get with the new meme. Alpaca kegs.
Anonymous wrote on Mon, 04/20/2009 - 6:17pm.
Falling Prices Fuel Deflation Fears in Europe !
http://www.nytimes.com/2009/04/21/business/global/21deflate.html?_r=1&hp
Is the nytimes drunk ?
Last time I was shopping prices were higher , not lower !!
Guess the nytimes now calles this "deflation" ?
Broward,
I fail to see a connection between your improved sex life and the statements that follow ...
Samdog & rich they had backpacks and other things in the tent and it wasnt all that windy. Come to think of it the wind doesnt really whip thru downtown Diego like it does in other downtown cities....
They were actually a jovial bunch. No pony kegs but they did have nice tents! 
I've added some more pictures.... Cheers!
"I'm not too sure about legalizing methamphetamines, they seem to make people behave a little too crazily and destroy them very very quickly"
The amphetamines are poor-man's cocaine, so if cocaine were legalized ...
Agreed, that PCP may require some work, especially since people can become violent while under its influence.
Ummpf , Anonymous 04/20/2009 - 6:35pm was me .
My man in the white house is doing a bang up job.
Can we hit SP"500" Yes we can!
Last time I was shopping prices were higher , not lower !!
What on earth were you buying? Goldman shares?
Come on nova, let your hair down once in a while.
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
"Surely you could try to come up with a better name for someone like me...". - Michael
-atavistic?
@ Aristophon wrote on Mon, 04/20/2009 - 6:02pm.
Nice comment with many connotations !
My underlying message is that if you know how to monetize 'knowledge is power' the financial oligarchs, corporate capitalism, and silver spoon asslowns that comprise most of America today just don't impact you and your means or style of living.
Samdog (member) wrote on Mon, 04/20/2009 - 6:30pm.
...Smug Europeans will soon find out why it's called a global financial crisis ....
Haha, that's what desperate Americans hope for . No , drown alone , we are NOT in the same boat ! Thank goodness! Hahaha.
P.S. I love the smell of desperate Americans bevore I go to sleep .
reptillian.......thanks for the reply....so the difference between booking and billings are cancellations?
A 76% drop in billings YoY is a huge drop in the steady state economy. This may pause the drop, but the market must be headed to new lows this year.
The more people change, the more they stay the same.
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
Speaking from personal experience, Krugman (and CR's comments) regarding widget makers are dead-on with respect to the equipment suppliers to these chip companies.
@Tupuli - You're right. TI dumped essentially its entire manufacturing advanced development technical staff roughly 2 years ago, leaving only the group that was charged with porting the processes over to the foundries in Taiwan. It was especially awesome that they did this about 4-6 weeks after Templeton (CEO)was at some university speechifying about how the US needs more engineering graduates...
However, they still do make some chips here - their campus in Dallas is large. But as you point out, it's shrinking. Look up RFAB to find out about an empty fab shell. Last I read about it, the local county gov was getting a little annoyed about the tax abatements.
------------------------------------
"I am disrespctful to dirt!"
Werner remember even conservative / saving Japan has had a shitty 15 years. Being fiscally prudent doesnt mean you'll do well. At least in the short term...
Sometimes, the book/bill ratio can be upset because they can't deliver what has been ordered -- too much demand for their production capacity. But, now, it's more likely due to cancelations, not to mention the new "baseline" of less demand.
reptillian has it basically right.
Purchaser gives you a purchase order. That's "booked".
Then you ship the stuff, and then you bill them.
- Nemo
Also, they are not referring to the same orders being booked and billed... They mean they booked more this past Q than they billed; i.e., orders are on the rise.
- Nemo
Michael, you're welcome.
I added a bit more, if you're interested.
Well, the book-to-bill ratio is often quoted in the press, but not that useful.
Bookings are sales.
Billings are shipments.
Generally, it takes 1 to 3 months to ship what you sold (you've got to manufacture it, remember?)
So the book-to-bill is sort of tells you if orders are increasing or decreasing.
That's it. It has little or nothing to do with cancellations.
The reason I think is that it's not useful, is because sometimes you can ship the next day, but other times, when there's a backlog, sometimes in 3 months.
So what is it measuring? It's a constantly changing metric.
Even more disturbing than the CEOs saying we need more engineering graduates, then laying off their engineering employees, are the companies that push H-1B visas, when they don't need those employees. They just want the reduced / stagnant wages to raise their own salaries.
This country is eating its seed corn.
nades (member) wrote on Mon, 04/20/2009 - 6:38pm.
Last time I was shopping prices were higher , not lower !!
What on earth were you buying? Goldman shares?...
No , groceries ! I was talking about my last trip to the super market . Honnestly .
An example : Pasta I payed € 0.99 a year ago now costs € 1.28 ! Same producer, same pasta, same size, even same store ! And that's fairly representative or at least not uncommon . That's why I said "is the nytimes drunk" .
P.S. The marmelade had the same price as a year ago , but the glasses were smaller ! Have not measured it but 20 % smaller is my guess ! Interesting , no ? There seems to be a "published" reality and a "real" reality !
@Anonymous2 - I had a very interesting conversation at dinner this past weekend with a paralegal in an NYC law firm that does H1B work for corporations. She told me that normally by now the H1B visas are all taken up since there are around 65K and well over 200K applications. However, this year there have only been 42K run through the system. Her take was that it is so bad that companies weren't even bringing in the cheap help anymore.
------------------------------------
"I am disrespctful to dirt!"
"P.S. The marmelade had the same price as a year ago , but the glasses were smaller ! Have not measured it but 20 % smaller is my guess ! Interesting , no ? There seems to be a "published" reality and a "real" reality !"
Stealth inflation. Dairy products have been hit by that in the U.S. Sometimes the container is the same size, but the dimple at the bottom of the container is larger. The only way to be sure is to check the amount contained, on the label, assuming that there are laws about that and that the manufacturers abide by the laws.
how much physical Euros exist on Planet Money, and how many US Dollars?
Sing me some eternal flame.
Werner everything I consume has gotten cheaper. Maybe not gas, but absolutely everything... Interesting....
If Planet Money did not exist, we would not be groking here....
Mr. Sparkle....I heard that too, I agree that their demand has declined, but Microsoft is still hiring H-1Bs at the same time they are laying off Citizen engineers.
I don't begrudge the H-1B holders themselves. I work with several, but honestly, they are not better than the native engineers. Some are as-good-as, some are worse, and I've only met one better-than. Overall they are not-as-good, but cost-less. The investment in them is big in the beginning by native engineers who have to bring them up-to speed. Native engineers pick up things much quicker related to the specific business.
I am currently accepting bids for mining claims on parcels on Planet Money. Extremely lucrative opportunity. Pls ask for "derivatives" desk at goldman sachs switching line thank you.
-------
http://www.afterthecrash.net - After the Crash, a blog shared by the CR Commenting Community. Hoopajoop on over.
nades (member) wrote on Mon, 04/20/2009 - 6:51pm.
Werner remember even conservative / saving Japan has had a shitty 15 years. Being fiscally prudent doesnt mean you'll do well. At least in the short term...
I am pretty sure that has nothing to do with being financially prudent ! Their predicament started with the famous "placa accord" i.e. when they adopted american advice !!!!! Not forgotten !
So the most (utmost) important thing : With respect to finances : evade everything American like the plague !!
Why do I have a bad feeling about this one?
_____________________________________
APRIL 21, 2009
Cash-Strapped Cities Try Private Guards Over Police
Oakland, Facing Pressure to Crack Down on Crime, Is Among Towns Seeking to Improve Safety While Reducing Spending
By BOBBY WHITE
OAKLAND, Calif. -- Facing pressure to crack down on crime amid a record budget deficit, Oakland is joining other U.S. cities that are turning over more law-enforcement duties to private armed guards.
The City Council recently voted to hire International Services Inc., a private security agency, to patrol crime-plagued districts. While a few Oakland retail districts previously have pooled cash to pay for unarmed security services, using public funds to pay for private armed guards would mark a first for the city.
Werner,
We could blame our problems on Jews. What do you think?
You don't say..
_______________
APRIL 20, 2009
In California, Another Deficit Looms
By STU WOO
California's fiscal woes aren't over yet.Only months after state lawmakers in February had to raise taxes and slash spending to close a $42 billion budget deficit, legislators in May will begin work on filling a new multibillion-dollar shortfall.
A state agency projects an additional $8 billion budget gap for the fiscal year that ends in July 2010, a result of declining tax revenue amid the recession. The figure could grow if revenue plummets further.<?b>
Werner wrote on Mon, 04/20/2009 - 7:08pm.
So the most (utmost) important thing : With respect to finances : evade everything American like the plague !!
No Werner, don't leave the intertubz. Just accept that all things American aren't avoidable.
nades (member) wrote on Mon, 04/20/2009 - 7:04pm.
Werner everything I consume has gotten cheaper. Maybe not gas, but absolutely everything... Interesting....
Yes , interesting indeed . But what I told you is true .
Good I was only talking about groceries, I have not too much info about anything else except perhaps gas which to me at the moment looks to be similar to a year ago , but with about 75% of the gas price being tax , you don't see the volatility of the underlying product too much . But groceries definitely have increased !
>How do they keep their tents from blowing away? I doubt the city lets them drive spikes into the concrete sidewalk ....
Samdog,
I can tell you're not a camper. Having a TV set, a computer and a printer in your tent is enough to weight it down in any storm.
I heard some of these tent cities have wi-fi for networking purposes.
Shameless self promotion:
California State Revenue Data: March 2009
The takeaway: Cumulative y-o-y tax revenue decline = $6.1 billion. Revenue is running 5.2% below the current governor's estimate.
------------------
sacrealstats
@Anonymous2 - My perspective on H1Bs is similar - I hold no particular grudge against them. After all, if I were in their shoes I would likely be trying the same thing. Like you (I think), I just see the H1B system as another tool in the box of corporations to drive to down labor. This is just one that is used at a particular employee level.
When she told me that number though, I was totally floored given how oversubscribed the program has been in past years.
------------------------------------
"I am disrespctful to dirt!"
Nades,
I like your photos. They say a lot. Keep 'em coming!
The good old days.. the lost golden age.. eden. Asking businessmen to be ethical is like asking women not to be bitches..lots of promises but no actions"
________________________________________
OPINIONAPRIL 20, 2009, 9:56 P.M. ET
A Crisis of Ethic Proportions
We must establish a 'fiduciary society.'
By JOHN C. BOGLE
I recently received a letter from a Vanguard shareholder who described the global financial crisis as "a crisis of ethic proportions." Substituting "ethic" for "epic" is a fine turn of phrase, and it accurately places a heavy responsibility for the meltdown on a broad deterioration in traditional ethical standards.
Commerce, business and finance have hardly been exempt from this trend. Relying on Adam Smith's "invisible hand," through which our self-interest advances the interests of society, we have depended on the marketplace and competition to create prosperity and well-being.
But self-interest got out of hand. It created a bottom-line society in which success is measured in monetary terms. Dollars became the coin of the new realm. Unchecked market forces overwhelmed traditional standards of professional conduct, developed over centuries.
The result is a shift from moral absolutism to moral relativism. We've moved from a society in which "there are some things that one simply does not do" to one in which "if everyone else is doing it, I can too." Business ethics and professional standards were lost in the shuffle.
Maybe Oakland should hire the "Ex-police". SNL, 1970's.
Lucifer (member) wrote on Mon, 04/20/2009 - 7:19pm.
A state agency projects an additional $8 billion budget gap for the fiscal year that ends in July 2010, a result of declining tax revenue amid the recession. The figure could grow if revenue plummets further.
Old news. The $8b was essentially miscellaneous left over from "closing" the first gap ofr $42b. Something to be taken care of "later." There's another $8b just formed from declining revenues for a systemic $16b shortfall right now.
More important. There are 6 propositions in a special election on May 19th. As of now only 1f has a chance. Without 1a-1e expect an additional $12-$14b shortfall.
Werner,
This crisis was caused by covetous jews. They stole all the money and hidden it in the jewcave.. built during the 60's.. I think
'South Park' reference
Lucifer (member) wrote on Mon, 04/20/2009 - 7:30pm.
This crisis was caused by covetous jews. They stole all the money and hidden it in the jewcave.. built during the 60's.
The "PC" term is bankerdome.
Rob Dawg,
Do you think anyone in the US can balance books with committing fraud anymore?
Will clothes get cheaper? Of course. Will computers get cheaper? Of course. Cars? Maybe.
What won't get cheaper is wheat, corn, oil, gasoline, copper, coal, gold and silver.
People don't understand how much production has been cut back in almost all basic commodities. And it takes time, a year or more, to ramp it back up.
The world's needs for basic commodities, especially food, has not declined as much as production.
Food (DBA) and metals (DBB) have got hammered the last week. But they are good buys at these prices, if you can hold for about a year. You'll make at least 25%.
Lucifer (member) wrote on Mon, 04/20/2009 - 7:32pm.
Rob Dawg,
Do you think anyone in the US can balance books with committing fraud anymore?
LOL! Best mistype of the day!
Krugman: Erin Go Broke
Some interesting similarities between Ireland and U.S.
Wowza!
Crazy wild day in the markets (both stocks and credit) and the CR board posts are basically weak. Anyone want to bring their A game? Come on folks, we can do better.
Rob Dawg,
Seriously.. I think the guy who sells coke has more integrity than an accountant..
Thanks Burnside,
Please don't worry about disrupting the topic at hand since most pertinent contributions to the thread have already been said or will be said. If you want to add something off topic, it probably relates to the economy anyway, so it's OK.
"burnside (member) wrote on Mon, 04/20/2009 - 9:40pm.
nb,
Michael has seen to it that climate remains a kind of leitmotif strung through these threads - result being the subject gets a pretty thorough airing, but is so dispersed as to have become nearly impossible to follow. Leaves me in the position of not wanting to bore regulars with data posted, much of it long ago.
But since this thread's essentially done for, let me say that the researchers working on the mechanisms behind solar effects don't at all discredit the effects of atmospheric loads on global temperatures - they posit a separate mechanism, have had experimental corroboration, and have got the attention (and funding and facilities) of CERN for additional work, which is ongoing. This business of looking into the effects of sunspot activity on the troposphere is quite serious, and is being pursued in addition to the work on greenhouse effects - it's not an argument, it's an addendum.
I think there's an overwhelming acceptance among the public that science and scientists of every stripe are in broad agreement with the greenhouse gas scenario, and that any contrarian voices exist at a vanishingly small margin. So far as I can tell, researchers outside the specific realm of climatology aren't nearly so unanimous but, as they weren't early and vocal on the subject, the time frame for repairing the public's perceptions has effectively come and gone. If they're concerned we don't understand the solar angle, they're even more in despair that their work has been cast as an argument against what's known of greenhouse effects.
Nonetheless, their work is sufficiently confirmed that the effects are known. They've got the "what" and are pursuing the "why".
It's of no importance what I think about any of this, of course. It does strike me that the discourse has developed here and elsewhere along lines very similar to the treatment given the credit cycle a few years ago. There are still some out there who imagine we have a housing problem. Well, we do. It's just that there's rather more to it than that
I should add there's dissonance primarily where "good science" gets wrapped up in dogma, or politicized, which is certainly happening in discussion of global warming/cooling as much as it has in subprime (contained) v global liquidity trap."
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
What won't get cheaper is wheat, corn, oil, gasoline, copper, coal, gold and silver.
How much aluminum do you want at half the inflation adjusted 1884 price?
Hilarious. Can't afford real police then hire unarmed security guards until the union learns to get along with the new fiscal realities. I do believe New Orleans tried underpaying their police and ended up with the most corrupt police force in the nation.
A couple of lawsuits when the unarmed security is injured or the citizens are victimized and all those false savings evaporate in a few large judgments.
CalculatedRisk,
wasn't the truth supposed to set people free.. wait.. nobody wants to face the truth.. how long will geithner and his buddies keep on putting makeup on the corpse.. I feel like we are all living in the bates motel.
Lucifer (member) wrote on Mon, 04/20/2009 - 7:34pm.
Rob Dawg,
Seriously.. I think the guy who sells coke has more integrity than an accountant..
Cash basis accounting beats what the banksters are trying to foist on us.
How did arbitraging risk work out? The "best minds" pushed that shit too.. mathematical models for chaotic systems have a tendency to not work as advertised.
"I think there's an overwhelming acceptance among the public that science and scientists of every stripe are in broad agreement with the greenhouse gas scenario, and that any contrarian voices exist at a vanishingly small margin. So far as I can tell, researchers outside the specific realm of climatology aren't nearly so unanimous but, as they weren't early and vocal on the subject, the time frame for repairing the public's perceptions has effectively come and gone. If they're concerned we don't understand the solar angle, they're even more in despair that their work has been cast as an argument against what's known of greenhouse effects."
That is the least of my worry
_________________________
"A couple of lawsuits when the unarmed security is injured or the citizens are victimized and all those false savings evaporate in a few large judgments."
"A couple of lawsuits when the unarmed security is injured or the citizens are victimized and all those false savings evaporate in a few large judgments."
I am surprised that private security would want to be in this position, without the civil immunity that bonafide police officers have. If a security guard errs, he/she can be personally responsible for whatever damages are awarded.
Rob Dawg,
In the movie 'watchmen' Dr. Manhattan (superman) does not care about humans, Nightowl (batman) cannot get it up unless he puts on his owlsuit, the most moral person is a criminal, mentally disturbed vigilante (rorshach) and a narcissicistic a**hhole is the best hope for humanity.
I think we are are living in a bizzaro world.
I once heard Texas Instruments called Texas Oink-struments.
I think we are are living in a bizzaro world.
And on the intertubz the devil and a cur have better plans to save Western Civilization than the combined intellect of all governments combined.
Scary isn't it..
"And on the intertubz the devil and a cur have better plans to save Western Civilization than the combined intellect of all governments combined."
"Even more disturbing than the CEOs saying we need more engineering graduates, then laying off their engineering employees, are the companies that push H-1B visas, when they don't need those employees. They just want the reduced / stagnant wages to raise their own salaries.
This country is eating its seed corn."
I have an engineering degree. I worked as a technical resource for some number of years. I watched the H1Bs move in who do half of the job in exchange for a dead-end career path (stagnant wage) displace US employees. I quit, went to business school, and joined the mass of talentless bullshitters making twice as much money for doing half as much work. Many of my engineering graduate colleagues have done the same.
Eating our seed corn, indeed. This is a real peeve of mine as I see this shift as terribly destructive to the long-term health of the country.
Shareholder revolt is coming soon. How many corporate executives are still lying? More than most folks realize. Turns out those retention packages were a joke because there was no actual "talent" to retain.
Where do we get off thinking we have the money for this? What is it supposed to accomplish, anyway?
Obama proposes $100 billion U.S. loan for IMF
http://www.reuters.com/article/politicsNews/idUSTRE53J6NH20090420?feedTy...
Markit structured finance review/newsletter:
http://www.markit.com/news/USABS_Market_20090420.pdf
But the market is god.. How dare you question the orthodoxy, heretic. Our priests .. i mean MBAs .. tell us so. Only they can read the scared scriptures and divine the will of god.
They also tell us that if we sacrifice more j6p's.. the economy will come back
//Eating our seed corn, indeed. This is a real peeve of mine as I see this shift as terribly destructive to the long-term health of the country.//
"If a security guard errs, he/she can be personally responsible for whatever damages are awarded"
------------------------
And miners died in mining accidents.
Welcome to the Plantation!
What do shareholders hold?
//Shareholder revolt is coming soon.//
Lucifer...
To CR's point re widget makers and widget equipment makers, we are seeing this in the estimate revisions data, for the last month or so, the Industrial sector has had by far the worst ratio of estimate cuts to estimate increases, running over 20:1 for 2009, and over 40:1 for 2010. With tech, the semi equip group has simalarly been getting slammed with estimate cuts. To be fair the Industrial sector also includes the transports, and they have also been contributing to the huge preponderance of cuts.
Put another way, with more than 30% of capacity sitting idle, what company would be in the mood to increase capex? The IP/CU numbers were increadibly under reported last week and were very significant. The day after the only reference to them was buried below the fold on like page b4 in an article on the beige book. Guess the data didnt fit with the green shoots meme so it was downplayed.
Scared scriptures indeed.
"But the market is god.. How dare you question the orthodoxy, heretic. Our priests .. i mean MBAs .. tell us so. Only they can read the scared scriptures and divine the will of god."
Getting an MBA may have been the worst thing I ever did for my career and for my happiness. Work used to be fulfilling. Sad...
Cheer up, CR-etins!
There's good news and there's bad news....
http://forums.wallstreetexaminer.com/index.php?showtopic=808782
"Good news: Dow at $44,000
Bad news: Loaf of bread at $44"
I see that you are having doubts about your faith... can't you feel the invisible hand of the gerrymandered market
//Getting an MBA may have been the worst thing I ever did for my career and for my happiness.//
@Dirk - at least in the fab biz, if they aren't running about 90% capacity and have that rate projected for a bit of time, you can forget about cap-ex, except perhaps on the ultra high-end enabling technology advancement. Some of the fab utilizations floating around were truly horrendous numbers I had never seen before. Although perhaps the guy upthread who sounds like he's been in the biz longer than me has some experience.
------------------------------------
"I am disrespctful to dirt!"
The Watchmen represent the Bilderberg Group. They take it upon themselves to decide what is good for the unwashed masses. I think we'll do just fine without them.
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
"I see that you are having doubts about your faith... can't you feel the invisible hand of the gerrymandered market "
No.
OT but, from Denninger: (Fed and inflation targeting)
The solution to this is to mandate no more than a 1% inflation rate and force The Fed to account for deviations. Give them 1% on either side of zero, but mandate that over 10 years the inflation rate be no higher than 1% - and if they fail at this, their charter is revoked and whatever adjustments must be made to restore the long-run inflation rate to no more than 1% be taken.
But there is a second level behind this that is also not being talked about, although it has been a recurrent target of The Ticker over the last two years: intentional and blatant book-cooking by the government when it comes to "inflation" statistics.
Also to prevent fraud and hold financial actors to high ethical standards:
If actors, by an industry created board similar to bar organizations throughout USA do for attorneys, are found to have participated in fraudulent, unethical, or deliberate opacity then they are disciplined. Admonished, temporarily suspended, fined, or barred from the industry forever proportionally as behaviour and judgment warrant. Make a public database which publicizes all actions, hearings, and outcomes that is readily available to investing public. Even better, make it international.
When penalties, clawbacks of unlawful gain, and loss of reputation are severe enough, financial actors will become much better at self policing and firms at monitoring their employees. Confidence returns, boom and bust cycles are moderated instead of amplified by larceny of scale.
It is often said that few prosecutions and indictments are proceeding. No professional conduct review, nor criminal and civil legal airing of banking failure just fastens more firmly in the populace's view that this latest financial mayhem is a conspiracy of the political/banking cartel to deprive them of their right to liberty in the marketplace. It says it is public policy to look the other way when the plunder/looting/piracy oligarchy also uses their considerable powers to retain state power and pacify market overreaction.
""Good news: Dow at $44,000
Bad news: Loaf of bread at $44" "
Huh. Funny. This isn't exactly how it played out in the 1970s if memory... errr, the charts... serve me correctly.
"Some of the fab utilizations floating around were truly horrendous numbers I had never seen before"
-------------------------
Information has marginal utility. By definition, a "free market" economy has to experience exponential growth on an S-curve until the inflection point, which means you always overshoot and you always have over-capacity. See homebuilder behavior for an example. Moore's Law was particularly misleading in this case because it appeared to answer a question which it doesn't. The question is not what's possible ("doubling of capacity").... the question is what are the alternative uses for my resources?
Dirk:
BTW, thanks for the April strategy.
homedad43
Lucifer (member) wrote on Mon, 04/20/2009 - 7:15pm.
Werner, We could blame our problems on Jews. What do you think?
Well , well , well . But a lot are in finances , no ?
I mean the subject is touchy because of what happend . But I found the story as it is commonly told is not the way it was ! Now, I am not a Holocaust denier or Nazi or what , but I realised that often when you dig into something it turns out not to be as it was portrayed . E.g. Raul Hilberg had to pay a prize for digging through the paper trail in archives and judge on the basis of these "facts" rather than propagating the commonly purported trut . So , e.g. he as probably "the" preeminent Holocaust researcher got banned from the premises of Yad Vashem !!
I foud once a video of an interview of the "middle" prosecuter in the Eichmann trial by an american history prefessor (forgot their names, but the prosecutor's was Bachmann or similar) and they touched Hannah Arendt. That prosecutor called her "a liar" ! Can you believe that ? The 2nd (in rank) of the three Eichman prodecutors calling Hannah Arendt a liar ! And just look what crap is told about Eichmann himselfs : Being "the architect" of the Holocaust , conducted the "Wannsee Conference" etc. Even that conference is miss characterized as the place where the "Endlösung" decided ! No way , that was just for Heydrich to coordinate with the other parts of the government as he was ordered by Goering .
Well I guess you see what I mean . No, there is no justification for what happend , but the story is misused by others today to further their own particular agenda . So, the poor victims were first murdered and then missused for propaganda . Nice fate .
P.S. There is a BBC "documentary" out there which claims that in th '20s I guess 80% of all lawyers in Berlin were Jews and all directors of german opera houses but Furtwängler were Jews . Is that true ? I never heared that before ?
So, in essence, I guess you need to spend a lot of time to either do your own research to get a "somewhat true" picture or spend that time to find "reliable" researchers (like e.g. Raul Hilberg, but not Hanna Arendt) .
Btw. As far as I know , Eichmanns interrogation protocol by the Israeli police are still not publicly available . Why ?
You got me going . But time for me to go to bed.
German Decline Accelerates...
BERLIN -(Dow Jones)- The slump in Germany's economy has gained momentum in the first quarter because the country has been hard hit by the global downturn due to its reliance on exports, the German Finance Ministry said Friday, adding that there are no signs for a turnaround yet.
"The recession has intensified in Germany. The German economy has been particularly hit by the weakening of the world economy. Over the past years, Germany has profited from the strong international demand for technological high-quality investment goods. Now to the contrary, the global downswing and the resulting slump in demand for these goods are now hitting German companies particularly hard," the ministry said in its March monthly report. ..
The strong slump in exports is a "big burden for the domestic economy" and "an end to the foreign trade downswing isn't in sight," the ministry said.
It also said that the outlook for Germany's industrial production is "very bad" given the crash of manufacturing orders, and the construction sector will be captured notably by the crisis in the coming months as capacity utilization declines.
It also said that Germany's labor market, which has recovered strongly in recent years, is set to face rising unemployment and falling employment figures.
"The negative consequences of the recession are getting increasingly strongly visible in the labor market," it said.
The outlook for private consumption, which accounts for over 50% of GDP, is mixed because lower inflation has increased purchasing power, but the deterioration of the labor market will hurt private consumption "in the foreseeable future."
Price developments are likely to remain moderate, the report said, adding that rising crude oil prices are unlikely given the weak global economy.
German tax revenue has taken a hit for the first time.
RockyR......I suggest you get back into engineering, and support (vigorously) an immigration policy that benefits BOTH citizens and immigrants.
"Obama proposes $100 billion U.S. loan for IMF"
Obama is auditioning for the Builderberg Club.
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
fried (member) wrote on Mon, 04/20/2009 - 8:23pm.
German Decline Accelerates...
BERLIN -(Dow Jones)- The slump in Germany's economy has gained momentum in the first quarter because the country has been hard hit by the global downturn due to its reliance on exports, the German Finance Ministry said Friday, adding that there are no signs for a turnaround yet.
... And all their banks are above average.
"RockyR......I suggest you get back into engineering, and support (vigorously) an immigration policy that benefits BOTH citizens and immigrants."
Agreed. Already in progress.
Rob,
>How much aluminum do you want at half the inflation adjusted 1884 price?
Bought Alcoa 3 months ago at $5. Now at about $9, after a 10% drop today.
Not doing too bad with aluminum, eh?
Lunchtime at the Nikkei. No sushi for you!
You must pity a group so extremely reviled wherever they make home, except Jerusalem. Palestinians, Arabs, Far East muslims, Russians, Spanish, Germans, French, even the British and Americans have had such episodes. I cannot fathom why. The antipathy directed at irish, poles, scandinavians, italians etc. hasn't transcended all generations, all borders, all nationalities. But there it is, hard to understand.
Maybe like me, many are poor dancers. It takes finesse and real partnershipping to make it graceful and edifying.
rich (member) wrote on Mon, 04/20/2009 - 8:27pm.
Rob,
>How much aluminum do you want at half the inflation adjusted 1884 price?
Bought Alcoa 3 months ago at $5. Now at about $9, after a 10% drop today.
Not doing too bad with aluminum, eh?
Yeah but how about the whiplash from FCX?
How are we supposed to talk about the direction of the markets now that elmo has gone green?
What's with all the crazies here these days? I'm with GYSC, too much weak stuff is driving away those with interesting if mildly on-topic thoughts. Sebastian was misguided but at least he didn't engage in the hate-mongering and bile-spilling that we experience now. Rob Dawg is a level-headed centrist these days. I guess that's the evolution of a blog, do good work, attract bright, free thinkers, get famous, and all the nut-jobs (Michael & Werner) and narcissists (Lucifer) move-in and drive folk away.
OT,
How does alpaca taste,
compared to squirrel ?
S.O.F..
I am pretty sure that has nothing to do with being financially prudent ! Their predicament started with the famous "placa accord" i.e. when they adopted american advice !!!!! Not forgotten ! ~Werner
No you are saying that being financially prudent is the cure. I'm saying that your logic is flawed. If being a financial jackass is bad then being financially prudent is good. Unfortunately its deeper than that. We'd all like to think that its simplier than that and good is good but there are other factors at play. Namely humans... Its grey...
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rich - thanks!
.............
"Rob Dawg is a level-headed centrist"
-----------
See?
I told you so, Dawg.
Forwarded without comment.
Meet Susan Harman--one of your lawmakers--at work.
http://static.cqpolitics.com/harman-3098436-page1.html?docID=hsnews-0000...
Rob Dawg is a level-headed centrist these days.
I've always been a level headed centrist. It's just taken this long for me to get everyone to realize it and come around to my point of view.
Rob Dawg, I had to sign on just to comment that you are no more a level headed centrist than I am.
You are a partisan. So am I. Have a good night. I'm signing back off.
mp - are you trying to burn this place down?
sportsfan (member) wrote on Mon, 04/20/2009 - 8:51pm.
Rob Dawg, I had to sign on just to comment that you are no more a level headed centrist than I am.
You are a partisan. So am I. Have a good night. I'm signing back off.
Don't tell my clients. The Dems think I'm too smart to ever be a Republican and the Republicans think I'm too reasonable to possibly be a Democrat.
The part about my being a centrist is my patience and perseverance in moving the consensus to where I've always been. Remember how radical my views on Obama were considered just 5 months ago? Have I changed or has the board merely moved closer?
Not the J-people again
How The Media Controls Your Mind
http://www.youtube.com/watch?v=Qlr0qf0eTHU&feature=related
---------------------
Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
"Have I changed or has the board merely moved closer?"
---------------------
You've changed, Dawg.
You've..... changed.
But at least you haven't cut $100 million from a $3 trillion budget on the same day that you give $100 billion to the IMF.
Madness.
@jlr
Well...even some of the common folk think we are moving towards facism or where the govt. runs the economy.
A blog will kill honest inquiry because of gatekeepers and blog content editors and tin foil hunters. All these 'haters'. All this tin foil. IFYOU SAY wtc BUILDINGS LOOK LIKE THEY BLEW UP YOU ARE REALLY CERTIFIABLY INSANE! THOSE FRIGGIN' FIREMEN, PILOTS, ENGINEERS, ARCHITECTS, EX-CIA, PHYSICISTS whackos!!
Billo calls the liberals 'haters'. Liberals call tea parties 'right wing whackos'. If you say you see planes spraying crap in the sky, you're a whacko. If you say Palestinian kids shouldn't be killed, you're a 'racist hater'. If you think the Fed reserve should go, you're a nut. If you say health care doesn't really work in many cases you're insane.
Pretty soon everyone will be deemed whacko except the few in charge who own it all.
Women's suffrage and the anti-slave movements were considered whacko. The civil rights movement was out there as was the anti-nuke protestors. All these whackos. We need laws to silence all these whackos, right jlr...
, and all the nut-jobs (Michael & Werner) and narcissists (Lucifer) move-in and drive folk away.
I wonder if Michael can even spell the author of democracy in America
$100 million covers 1/2% of California's current shortfall. I think we are approaching a point where even the liberals are grasping the fact that there are limits.
Quite a contrast between TI's apparent fact-based views, and that lying sack of shit Ken Lewis at BOA.
de Tocqueville. A copy is in my library.
Michael,
Read the 'comments' section on your chemtrail vid...sounds like smartass kids arguing with each other blowing each other off...instead of good research the internet can produce confusion and mystification. The chatter drowns out solid independent research. Internet stuff can dilute the search for truth. The good research is drowned out by the crap.
I knew my Rob Dawg comment was gratuitous, it's been his and others' free-thinking that made this blog what it is.
"The good... is drowned out by the crap"
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wooo hooo.
The free market in action!
Thank you Nova.
BTW Micheal,
We missed you @ Geneva today, but your stand in hit it out of the park.
MOTHERFUCK I WANT AN IGNORE FEATURE
SO BADLY
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http://www.afterthecrash.net - After the Crash, a blog shared by the CR Commenting Community. Hoopajoop on over.
"The government initially required aid recipients to issue preferred stock that paid interest of 5 percent a year. It would now allow firms to replace some or all of those government-held shares with common stock that pays no interest. Taxpayers would lose the certainty of a guaranteed return, but could profit if the companies' stock prices increase. The exchanges also would give the government significant ownership stakes in the banks that participate. "
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/20/AR200904...
Fake out everyone with the (no)possibility of nationalization by trading for common stock. Of course this is another backdoor maneuver to give the insolvent banks more funds. Do not question if there is a larger plan afoot for the current government to position themselves to regain control of the financial sector. There isn't.
Sturgeon's Law - 90% of everything is crap.
NEW POST at Calculated Risk.
Ways to view:
Dead simple, read only interface at: http://users.thelink.net/bobn/CR - not available for 5 minutes after this post however, to avoid 'first grappling' per request of Ken Cooper.
CRC-like interface at http://realize.org/cr/crcizer/
Full Blown Interface at http://www.hoocoodanode.org/
For live chat, and the new Mishbot feature, as well as notice of new posts on other blogs, join us in IRC.
To access IRC with firefox, install the chatzilla add-on and go to irc://irc.realize.org:9996/calculatedrisk.
Or set your IRC client for server irc.realize.org port 9996 and /join #calculatedrisk.
Feed back via bobn
Most argumentation against independent research into controversial topics consists of saying stuff like 'idiots', 'assholes', 'haters', tin foil nuts', 'spiracy whackos', 'racists'...so basically much independent(non-governmental)research is not challenged in a rational manner...it's just ignored, namecalled, or threatened in some way by citing obscure references to some kind of danger looming if the info discovered from the research doesn't 'cease and desist'.
Hoops, c'mon share - how do you really feel?
I saw pigs flying today
____________________
What we will miss about the prophets of doom
By David Marsh
Published: April 20 2009 20:44 | Last updated: April 20 2009 20:44
For two years now, we have collectively gorged on tales of tears and deeds of downfall. If the bulls really are back and the economic and financial misery is about to end, here are 16 reasons why we will miss the gloomy times.
1. Role-play will be a lot less pleasurable. We have split the world into two pantomimic parts: the evil (the bankers) and the good (everyone else). In future, sorting out villains and victims will require more imagination.
2. The crisis has favoured inexpensive, socially constructive pastimes such as bird-watching, book-reading and communal needlework. More aggressive activities will soon be on the rise again.
3. The prophets of doom have had a field day. Yet we feel strangely comfortable with the Cassandras. We have enjoyed being told that the light at the end of the tunnel signals an approaching train. Now we will have to get re-acquainted with the optimists – a much more dangerous and unsettling bunch of people.
The United states is not a Democracy, it's a Republic.
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Chemical con-trails from Air Force spraying operations cause cancer and respiratory problems! Where are all the environmental wackos concerns? See; Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw_a8&fe
man do I have a spitting headache... Barbados rum with a high degree of molasses and diet Coke... lucky
that you can buy codeine over the counter in pure form or mixed with tylenol... or valium or zanax or God knows...
CR: on that B of A that non-performing asset number of 25 billion needs to also be reported as % of total assets, along
with the OREO numbers and the like
was that 'leak' about the stress test finally proved a fake?
funny, my vid mash up got a surprising number of hits... whocoodanode? http://www.youtube.com/watch?v=Hj6KTCCiS3A
I'm going to re-edit, slim it down, add more movie material ... hard to make this stuff dramatically intereresting...
out of chaos and bloodshed can come greatness... or so says Orson Welles (Harry Lime) in his famous
cuckoo clock speech in the Third Man (whenever I run into Swiss in my travels I can't help but quoting it since
it did come from the pen of Graham Greene http://www.youtube.com/watch?v=dv1QDlWbS8g
enjoy
uno mundo, if you wish to humor known bigots, mysoginists, psychotics, racists, and xenophobes, be my guest. See where it gets you.
reading Ken Lewis's comments brings to mind what Mary McCarthy once said of Lilianne Hellman, 'everything she says is a lie including 'and' and 'the'."
Twitter clip is hilarious.
Almost as funny as watching the Treasury department.
If wifi costs were shared evenly in a tent city, it might cost about a dollar a month.
That's with a profit to the servicer and tax built in.
Broward Horne wrote
Information has marginal utility. What we're seeing is the same as previous industrial revolutions, i.e. the railroad boom after the Civil War, the electricity boom after 1890. I suspect that Facebook's reported growth is false but I can't prove it.
IP makes money on advertising mostly and Facebook and its ilk generates no real wealth.
Also as the market changes a great many avenues of actual wealth creation are being destroyed by the devaluation of information.
The easy example is music -- pre Internet -- it created a lot of jobs in addition to just creating it (pressing, warehousing, shipping, selling) -- as technology improves it creates less and less. That is assuming anyone bothers to pay at all.
Just as Craigslist helped kill the newspaper so will the Internet wipe most of the value from the industry.
TV will survive a little longer as will books for those who like the psychical object but we will find in a very few years that almost no non creative jobs will be in that industry
This does not bode well with the loss of manufacturing and unless we create a whole new labor intensive industry if the global economy is to survive some sort of system, work sharing, social credit, something will have to be created to put money in peoples hands so they can buy goods -- otherwise there will be no means to fill demand and we'll get
#1 horrible instability and poverty
#2 heavily regulated closed economies
or best case scenario -- a population crash -- no one has a good job so they have no babies --
None of these things are good for demand
Did you check out "Bread and Chocolate" yet, Duke? Great Italian in Switzerland theme.
Abprosper you have it backward. That kind of deflation is a huge gain in net wealth. The profits just must be properly distributed.
! currency yogi.... have not found 'Bread and Chocolate' here in Asia. will probably have to download via Utorrent....
Broward, I'm happy to see the demise of one of the sleaziest businesses on Earth - yes, worse than the movie business - that being the music industry.
Years ago I studied briefly law dealing with music rights ... there are publishing rights, something called mechanical rights and one other I forget the exact term for -
there was an excellent article on this about 12 years ago in the Atlantic mag. (sorry to lazy to find link)
but this was an industry that virtually robbed artists for years...
good riddance... about 6 years ago I was going out briefly with a a sr VP at Sony music, they'd spend entire weeks
strategizing on how to stop download piracy... every scheme she brought up was laughable on its face... I think she
was behind that trojan they put on the CDs... silly suit, boy, do they hate to give up all those perks....
I visited the office of the head of marketing at RCA in the BMG building on Broadway... the opulence of the Borgias
is all I can say...
"... And all their banks are above average. "
So are you suggesting Germany also should get rid of the manufacturing base, build hundreds of giant shopping malls to sell imported stuff, start selling supersized and overpriced McGermanions to each other, drive only SUVs and other gas pigs and create Berlin Street for some serious investment ponzi schemes? And of course "rev up the panzers".
Echoes of Krugman's post last week.
But hey, since when do we export electronics to Asia? What is this, the 1950s?
- Nemo