Global Economy Bursting?

[Big ole Boy]

Chris Wallace - the media adolesent - buy substance

... an anecdotal look at the adolesence out there ... is to listen to Chris Wallace pose as a moderator for a Republican debate ...

.... the media complex is flower of a hundred years progressive maturation ( excerpts from George Will) ....
... there is no longer the "tension" within our language anymore that always attempted to distribute dual nature of human nature ...... good and evil wrapped into one ....

.. no longer ...... today the tension is gone ......

... the slouch towards Gomarrah is complete .....

.... buy substance .....

... why metal over real estate?

... liquidity, portablity, sevarability ... small units of measure ...... pinch off a piece of gold is easier than pinching off a piece of land ... ( in the little guy market)

...

 

[Austin]

The goal of "No Student Left Behind" is 100% passing the test by 2014. My point is that any standard that 100% of people can pass is no standard at all. Kind of like S & P ratings. The purpose of standards is to separate the sheep from the goats. If you want to get a fight started just start talking about standards in this country.
Years ago I was debating appraisal standards concerning a regression model I developed. I stated that any appraisal method must be verified by applying it to the data set to see if it could predict the value of the actual sales. Some people said no way, they wanted no part of having to verify what they did. They wanted to use the voodoo method. Just take my word because because I have a state license.

 

[Couch Potato]

There is one other VERY important difference .. Gold is liquid ... it can be sold immediately and without marketing ... real estate is not a liquid asset.

It is true some forms of gold are liquid, but some do require marketing and/or processing to be sold at full value. It is the portability I already identified that gives gold it's level of liquidity over real estate. Real estate can be sold immediately too, but rarely at full value.

It was not intended to be a perfect analogy, but there is no way around the fact current gold prices do not make economic sense. The current prices are based on irrational thinking. Nothing shows it more clearly than the stocks of gold mining companies. Though rarely perfectly synchronized the two always move back towards each other. One of the two is about to move sharply. Regardless of which one there is only one smart choice to own right now.

 

[Randolph Kinney]

Unemployment Benefits Could Create Up To 1 Million Jobs

http://www.realclearpolitics.com/vi...nefits_could_create_up_to_1_million_jobs.html

So to get everyone employed, the simple logic would dictate to pay the existing unemployed 15 times more and that spending should create 15 million jobs.

 

[Austin]

Unemployment Benefits Could Create Up To 1 Million Jobs

http://www.realclearpolitics.com/vi...nefits_could_create_up_to_1_million_jobs.html

So to get everyone employed, the simple logic would dictate to pay the existing unemployed 15 times more and that spending should create 15 million jobs.

Yea, and if we could drink our own blood just think how much money we could save on food. We could buy stuff with the savings to create moe jobs.

 

[Couch Potato]

I wonder why all the economic advisors left?

Unemployment Benefits Could Create Up To 1 Million Jobs

http://www.realclearpolitics.com/vi...nefits_could_create_up_to_1_million_jobs.html

So to get everyone employed, the simple logic would dictate to pay the existing unemployed 15 times more and that spending should create 15 million jobs.

If you first accept the premise that you must spend $zzz,zzz,zzz,zzz tax dollars to grow the economy and create jobs, then the comments are perfectly valid as being the most effective distribution of that money because it will indeed be spent immediately and divided proportionally according to unemployment levels.

There are many valid arguments against the premise, but the logic of the comment is sound. All we need is "somebody else" to pay the taxes and produce the goods and services then we can all sit around collecting unemployment to stimulate the economy. woohoo

Where is the good advice when you need it?

 

[Randolph Kinney]

If you first accept the premise that you must spend $zzz,zzz,zzz,zzz tax dollars to grow the economy and create jobs, then the comments are perfectly valid as being the most effective distribution of that money because it will indeed be spent immediately and divided proportionally according to unemployment levels.

There are many valid arguments against the premise, but the logic of the comment is sound. All we need is "somebody else" to pay the taxes and produce the goods and services then we can all sit around collecting unemployment to stimulate the economy. woohoo

Where is the good advice when you need it?

I love the logic of the government borrowing the money or taking money from other people to give to the select few as if they can spend the money wisely that creates permanent jobs.

The most obvious error is the thought that paying someone not to work creates work for others not working. I call that the pigeon theory: feeding the pigeons gets more pigeons; not less pigeons.

 

[Austin]

Alabama County Gets a Reprieve, Staving Off Bankruptcy

http://www.cnbc.com/id/44118282


This story has more legs than a spider. As I understand it, the courts ordered the county to upgrade the sewer system or else. Leg 1: So the county borrowed more money than they could pay back to fix the sewers. Leg 2: Then their credit rating was cut a notch in 2008 making the payments impossible, or more impossible if that is logical, to pay off the debt. Leg 3: They have to layoff 1,000 employees to cut costs, which also cuts the tax base. Leg 4: They must raise sewer rates even higher on the poor who are already under water in the depression. Leg 5: Legs 3 and 4 will spiral into more job loses as the spiral excelerates downward…..
The title of the article says the county gets a reprieve. The reprieve is 30 more days to work out a deal. If they can't make the payments now then how is 30 more days going to help? Any one want to venture a guess? How long does it take to print 4 billion dollars?

 

[Randolph Kinney]

I have been following that bankruptcy and others. What this comes down to the the protection of the bond holders at the expense of government employees and their pensions.

Case in point is the Central Falls, R.I. bankruptcy.

http://www.nytimes.com/2011/08/13/us/13bankruptcy.html?nl=todaysheadlines&emc=tha23

Retired police officers, firefighters and other workers are going to get their pensions whacked, big time.

Retirees are wondering how the city can cut what they believed was a guaranteed benefit. Some promises prove more binding than others. Bond lawyers have known for decades that it is possible, at least in theory, to put bondholders ahead of pensioners. The federal bankruptcy code says pensioners and general-obligation bondholders are both unsecured creditors, stuck at the back of the line and treated as equals.

In Central Falls, the pension plan for the police and firefighters is projected to run out of money in October.

 

[Couch Potato]

Criminal politicians are to blame.

Alabama County Gets a Reprieve, Staving Off Bankruptcy

http://www.cnbc.com/id/44118282


This story has more legs than a spider. As I understand it, the courts ordered the county to upgrade the sewer system or else. Leg 1: So the county borrowed more money than they could pay back to fix the sewers. Leg 2: Then their credit rating was cut a notch in 2008 making the payments impossible, or more impossible if that is logical, to pay off the debt. Leg 3: They have to layoff 1,000 employees to cut costs, which also cuts the tax base. Leg 4: They must raise sewer rates even higher on the poor who are already under water in the depression. Leg 5: Legs 3 and 4 will spiral into more job loses as the spiral excelerates downward…..
The title of the article says the county gets a reprieve. The reprieve is 30 more days to work out a deal. If they can't make the payments now then how is 30 more days going to help? Any one want to venture a guess? How long does it take to print 4 billion dollars?

The Jefferson County situation boils down to county government not doing their job well for many years, and after years of trying to overcome the mistakes they are out of options. At least the residents can find some comfort in knowing some went to jail over this fiasco as did the head of the sewer department.