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April 19, 2020 at 5:08 PM in reply to: Kyle Bass Blasts China’s “Most Lying, Coercive, Manipulative Government” For “Knowingly Infecting The World” #816652
sjk
ParticipantItsddd wrote:
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outtamojo wrote:
OP is not wrong apparently. https://www.yahoo.com/huffpost/fox-busin…
From a crazy f’d up white house cabinet level old man sitting behind a television screen talking tough.”You don’t seem to be interested in facts, just political B.S. Check out the video in the link that I posted as it validates this:
The Coronavirus Is Man Made According to Luc Montagnier the Man Who Discovered HIV
Participant“Everyone knows about these guys. well, at least I thought people do. Think of it as an Asian version of Fox News.
https://en.wikipedia.org/wiki/The_Epoch_…
The Epoch Times is a multi-language newspaper.[2] It was founded in 2000 by John Tang and a group of Chinese Americans associated with the Falun Gong spiritual movement.[3] Though the newspaper is known for general interest topics with a focus on news about China and its human rights issues, it has become known for its support of U.S. President Donald Trump and favorable coverage of far-right politicians in Europe; a 2019 report showed it to be the second-largest funder of pro-Trump Facebook advertising after the Trump campaign.[4][5][6][7][8][9][10][11] The newspaper is part of the Epoch Media Group, which also operates New Tang Dynasty Television (NTD).[7] The group’s news sites and YouTube channels have spread conspiracy theories such as QAnon and anti-vaccination propaganda.”
That doesn’t make them wrong about the Communist Chinese government Coronita…. Check out there facts, if you can handle it.
May Hong Kong and Taiwan continue the fight against the Communist Chinese!
And of course some of us know that the Communist Chinese government has agents( and those who sympathize with them) in this country, with legitimate jobs, well integrated into our culture.
ParticipantChinese Scientists Find Genetic Explanation For Coronavirus Discriminating By Race:
Not sure what to make of this however it is interesting…
ParticipantThe federal bankruptcy statues easily trump any state laws governing pension guarantees. They won’t stand a chance in federal bankruptcy court….
ParticipantHere’s a beautiful example of a bubble… We Will enter into a period of deflation or alternatively $1 million will have the purchasing power of 10,000 dollars at some point in the future.
http://charleshughsmith.blogspot.com/2017/04/housings-echo-bubble-now-exceeds-2006.html?m=1
There’s been massive inflation in recent years in asset prices not due to fundamentals ( organic )but due to credit expansion of historic proportions ,this always ends badly… The federal reserve tells us there’s hardly any inflation. This is ridiculous for the past 25 years they’ve engineered the reports not to report inflation what do they expect?
The video is entertaining but it makes a very serious point. It is my believe that we’re headed for a period of deflation in due course….
Regards,
ParticipantI remember distinctly Ben Bernanke testifying before Congress that there was no housing bubble I think it was 2006. I don’t recall if the FRBSF release research saying the same at the time, however they are now !
It’s unknown to me exactly what the trigger will be but I do suspect we’re very close to finding out ….
Happy Thanksgiving to all !!
Regards,
ParticipantNice interview with Jim Grant…..
“The Fed ought to get out of the business of masterminding ‘the American enterprise,’ what we call the U.S. economy.” Central bankers, Grant adds, by pressing rates to nothing, have given rise to this “very pleasant kind of inflation we call bull markets.” While bull markets are great insofar as they reflect what is actually going on, “they are very dangerous to the extent that they are the artificial creation of artificial interest rates.”
“We are in a regime of price administration. Price control is a policy that has failed for millenia. When prices are manipulated, manhandled, and otherwsise distorted, real decisions follow and the real decisions are distorted… there’s bricks, mortar, and human lives attached to these [interest rate decisions]… and that’s why they matter”
“How do they know the funds rate ought to be zero?”
“The world’s central bankers went to the same schools, talk the same language, have the same world view.
They have shared conditions. They believe, for example, that an average of prices, which they believe they can calculate, must rise at two percent a year unless the world fall into something they choose to call deflation.
They believe that they can see into the future. They believe that they have the knowledge and the dexterity to manipulate interest rates to the benefit of society.
The central banks no more than the rest of us can see into the future. They are managed by human beings who do their best but who cannot — underscore — cannot see into the future and improve it before it happens. That’s their conceit. But it is not given to mankind to do such things.
They try. They have every good intention. But they are appliers of an outdated scheme of command and control. They don’t know what they do.”
Bloomberg TV Interview…Some further highlights…
On the consequences…
The anger in the political process right now across both parties is evident for example, in the otherwise seemingly baffling popularity in the polls of Donald Trump. He is the — to my mind, he is the candidate of the thwarted and frustrated people who don’t know exactly what is happening, but know full well that something is wrong, that something certainly is different.
Donald Trump speaks to them in a way that I think is very destructive. But that’s one consequence of the set of policies that have delivered us into this world of economic sleepwalking.
On repeating the same mistakes…“the 2008 financial crisis didn’t come from nowhere. It came, in my opinion, from the socialization of credit risk and from the manipulation of prices.”
“We are under the governance of former tenured economics faculty who think they know more than they can possibly know,”
“Let us at least revert, if not to some perhaps Utopian dream of a perfect monetary standard, at least let us get out of the business of the suppression of interest rates, the administration of prices and the government sponsorship of asset bull markets.”
On the stock market…“Now, there is inflation and inflation. There is an inflation that is registered at the supermarket and the cash register. And there is inflation that is registered on the stock markets and in the “real estate markets”.
And the central bankers, by pressing rates to nothing, have given rise to this very pleasant kind of inflation we call bull markets. Bull markets are great insofar as they reflect what is actually going on.
They are very dangerous to the extent that they are the artificial creation of artificial interest rates.”
Participant[quote=Rich Toscano]As I’ve grown fond of pointing out, the current situation in San Diego bears little resemblance to 2006:
However, I don’t know that the same can be said for Silicon Valley and its environs. A lot of the stuff going on up there seems blatantly unsustainable, and not just the housing market.
It seems to me that an awful lot of what’s going on in SV resembles a bubble, or at least (if a less controversial term is desired), is economically unsustainable. What’s going on in the venture capital space seems particularly wacky. Hell, there are not one, but TWO tv comedies about trying to get venture funding in/near SV! (Silicon Valley, which btw is comic genius, and Betas).
Of course that’s just anecdotal, but there is an awful lot of bubble-like behavior taking place as far as I can tell. I read an article recently about some startup shooting money onto the street at some conference. The shockingly high price of housing in the area also fits into the bubble narrative quite well.
I wouldn’t be surprised to see a serious retrenchment in many aspects of the SV economy in the years ahead.[/quote]
Oh how I appreciate technical analysis ……… Good data! Be that as it may, there still a bubble here, I can smell it!!!!
ParticipantThe irresponsible loan party this time around is the federal reserve.. They are great enablers of financial bubbles!The response to the previous housing crisis by the “FRB”was designed to save a corrupt and predatory banking system of which they oversee and are responsible for…..
There are gross inbalances in the financial system and the housing market is one of the chief areas of its manifestations……….
Regards,
ParticipantPerfect ! Real estate inzone dancing on this board,the top is in,no doubt about it!!
March 5, 2014 at 7:35 PM in reply to: The Vampire Squid Strikes Again: The Mega Banks’ Most Devious Scam Yet #771599Participant“When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you, you may know that your society is doomed.” – Ayn Rand
Regards,
ParticipantI sign it…..and I’m not Asian.(european ancestry)This is so wrong,it state sponsored racism.
Regards,
February 23, 2014 at 7:53 PM in reply to: Economists: Can you punch a hole in this dire scenario? Karl Denninger: Storm Clouds are Gathering! #771205Participant[quote=spdrun]Article is based on two fallacies…
(1) Accounting can be automated
(2) Risk assessment can be automatedWith (1), future revenue projections, projections of risks to business model, risks from disruptive technologies are very fuzzy and not easily automated. Bookkeeping can be somewhat automated. Accounting … not so fast there, Speedy.
With (2), Gustavo Fring’s profile may look very similar to that of the CEO of Angelo’s Burgers. Guess which one is the lower loan risk in real life.
A computer model based on a finite amount of factors can only go so far in determining risk. There’s a place for manually underwriting people who don’t qualify (say, low income on paper, high assets) and for checking up on people who do qualify. (Say the person who’s had a high-paying job for the past 10 years, but may lose it tomorrow due to a publicized scandal.)[/quote]
I believe you need look at the bigger issue…..
February 23, 2014 at 2:26 PM in reply to: Economists: Can you punch a hole in this dire scenario? Karl Denninger: Storm Clouds are Gathering! #771192ParticipantI find myself moving to this camp…..
It’s not just that banks are no longer needed–they pose a needless and potentially catastrophic risk to the nation. To understand why, we need to understand the key characteristics of risk.
Why Banks Are Doomed: Technology and Risk
http://www.washingtonsblog.com/2014/02/banks-doomed-technology-risk.html
Regards,
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