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Posted: 10/6/2014 9:33:34 PM EDT
[#1]
^^^
Our shop name after they rushed to take it all over there ... Manchurian Mining And Manufacturing |
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Posted: 10/6/2014 9:49:54 PM EDT
[#2]
Quote HistoryQuoted:
I was assuming he was referring to that Minnesota "mining" outfit commonly known as Minnesota Mining and Manufacturing, ie 3M, who manufactures a lot of stuff overseas. Advances in automation have been occurring for decades. The problem is, companies must expend capital to acquire and implement these advances. Most CEOs have been far more interested in expending corporate wealth on themselves than improving their revenue generating capacity. Labor arbitrage with global corporations is an outgrowth of the brain-damaged Harvard Business School teachings over the last two decades about how to "cheat" the labor vs. capital curves. Looks like 3M has figured out that the labor vs. capital curves still apply, especially if you want to maintain the ability to generate revenue in the future. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
RISE OF MACHINES: Robots to Replace 1 in 3 Jobs by 2025... Q has been speaking on this for some time now. 
The World is changing quickly... 
I had a chat with some folks manning a booth for a very large mining firm based out of Minnesota ... They said they were pulling back to the U.S. a large percentage of their manufactured stuff from the low-cost-labor nations due to advances in automation. I wonder how the union miners will handle that? Union guys in that part of the state have been known to get violent / destructive. I was assuming he was referring to that Minnesota "mining" outfit commonly known as Minnesota Mining and Manufacturing, ie 3M, who manufactures a lot of stuff overseas. Advances in automation have been occurring for decades. The problem is, companies must expend capital to acquire and implement these advances. Most CEOs have been far more interested in expending corporate wealth on themselves than improving their revenue generating capacity. Labor arbitrage with global corporations is an outgrowth of the brain-damaged Harvard Business School teachings over the last two decades about how to "cheat" the labor vs. capital curves. Looks like 3M has figured out that the labor vs. capital curves still apply, especially if you want to maintain the ability to generate revenue in the future. Well Plane, there's a lot of 'non-technical' folks who will have no idea how to evaluate the issue of Machine overtaking Man. 
Sounds good in Hi IQ Theory, but we all know how that usually works out... Or DO we??? See the HI IQ post above... 
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Posted: 10/6/2014 11:37:38 PM EDT
[#3]
As a machinist for over 30 years, I have an idea how machines replace people. Even in my home state of MN. at 3M. They do so many different things that I didn't think they were considered a "mining" company anymore, despite the old name. I've been reading this thread for quite a while. I didn't realize you were such a dick. Of course as you implied, I probably have a low iq. |
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Posted: 10/6/2014 11:58:22 PM EDT
[#4]
Quote HistoryQuoted:
As a machinist for over 30 years, I have an idea how machines replace people. Even in my home state of MN. at 3M. They do so many different things that I didn't think they were considered a "mining" company anymore, despite the old name. I've been reading this thread for quite a while. I didn't realize you were such a dick. Of course as you implied, I probably have a low iq. Shooter, I wasn't implying ANYTHING abt you... 
But yes, I am a dick.... 
At times... |
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Posted: 10/7/2014 12:41:45 AM EDT
[#5]
Quote HistoryQuoted:
Shooter, I wasn't implying ANYTHING abt you...
But yes, I am a dick....
At times... Quote HistoryQuoted:
Quoted:
As a machinist for over 30 years, I have an idea how machines replace people. Even in my home state of MN. at 3M. They do so many different things that I didn't think they were considered a "mining" company anymore, despite the old name. I've been reading this thread for quite a while. I didn't realize you were such a dick. Of course as you implied, I probably have a low iq. Shooter, I wasn't implying ANYTHING abt you...
But yes, I am a dick....
At times... My apologies then. I misunderstood. 
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Posted: 10/7/2014 2:23:05 AM EDT
[#6]
No issue...
I agree with you, having my roots in coal mining areas. |
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Posted: 10/8/2014 3:46:45 PM EDT
[#7]
"Picture this: The bond market gets spooked by a sudden interest rate scare, sending a throng of buyers streaming toward the exits, only to find a dearth of buyers on the other side. As a result, liquidity evaporates, yields soar, and the U.S. finds itself smack in the middle of another debt crisis no one saw coming... ...The movie metaphor is relevant on two counts. First, investors have been flocking to corporate bonds like fans lining up for the next summer blockbuster. Second, a crowded theater is no place to be when Mrs. O'Leary's cow starts a fire. Was June's swoon a prequel to an even greater show, one that starts with a fire and ends up with a simultaneous rush for the exits?... ...In June 2013, global corporate bond portfolios experienced -4.8 percent returns, on average. Asset managers stepped in to buy at wider spreads, putting some of the excess cash they had to work. Many are waiting for another pullback to buy, but what happens if the selling doesn't abate? What happens if the net inflows brought about by years of an accommodative Fed policy turn into outflows and redemptions? What happens when low coupon bonds issued over the past several years start seeing declining dollar prices and returns slip into negative double digits? What happens when the corporate bond spring, which has been coiled so tight, suddenly decides it needs a pressure release?... ...The prediction of an impending liquidity crisis in the credit markets is not new; people have been envisioning it for some time. The boogeyman under the corporate bond bed may never rear his head; but if he does, he'll do more than just frighten us...." (more at CNBC link) The economy has very little monetary velocity, there are a variety of systemic reasons for this (I've stressed one in this thread) But this is why our inflationary monetary policy has failed to produce the kind of recovery, and price inflation, one might expect. The huge cash infusions have addicted the financial markets (the bond market is probably terminally addicted), caused major economic distortions, caused the disparity of wealth to increase, enriched the already wealthy, and political classes, strengthened the balance sheets of large firms, and banking, helped enhance executive officer's compensation. It has increased the demand, and thus caused price inflation, in high end real estate, art, collectibles, and luxury items and services. But done little else. There is little to no "trickle down" effect. ...and under the current economic and monetary system I suspect it never will. The new normal will be continued declining workforce participation, stagnation of the socioeconomic classes (we need dynamic socioeconomic class movement), and a declining standard of living for most Americans. Today's stock and bond market rally is indicative of it's addiction to stimulus. I doubt it can be weaned off. |
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Posted: 10/8/2014 10:19:08 PM EDT
[#8]
Quote HistoryQuoted:
"Picture this: The bond market gets spooked by a sudden interest rate scare, sending a throng of buyers streaming toward the exits, only to find a dearth of buyers on the other side. As a result, liquidity evaporates, yields soar, and the U.S. finds itself smack in the middle of another debt crisis no one saw coming... ...The movie metaphor is relevant on two counts. First, investors have been flocking to corporate bonds like fans lining up for the next summer blockbuster. Second, a crowded theater is no place to be when Mrs. O'Leary's cow starts a fire. Was June's swoon a prequel to an even greater show, one that starts with a fire and ends up with a simultaneous rush for the exits?... ...In June 2013, global corporate bond portfolios experienced -4.8 percent returns, on average. Asset managers stepped in to buy at wider spreads, putting some of the excess cash they had to work. Many are waiting for another pullback to buy, but what happens if the selling doesn't abate? What happens if the net inflows brought about by years of an accommodative Fed policy turn into outflows and redemptions? What happens when low coupon bonds issued over the past several years start seeing declining dollar prices and returns slip into negative double digits? What happens when the corporate bond spring, which has been coiled so tight, suddenly decides it needs a pressure release?... ...The prediction of an impending liquidity crisis in the credit markets is not new; people have been envisioning it for some time. The boogeyman under the corporate bond bed may never rear his head; but if he does, he'll do more than just frighten us...." (more at CNBC link) The economy has very little monetary velocity, there are a variety of systemic reasons for this (I've stressed one in this thread) But this is why our inflationary monetary policy has failed to produce the kind of recovery, and price inflation, one might expect. The huge cash infusions have addicted the financial markets (the bond market is probably terminally addicted), caused major economic distortions, caused the disparity of wealth to increase, enriched the already wealthy, and political classes, strengthened the balance sheets of large firms, and banking, helped enhance executive officer's compensation. It has increased the demand, and thus caused price inflation, in high end real estate, art, collectibles, and luxury items and services. But done little else. There is little to no "trickle down" effect. ...and under the current economic and monetary system I suspect it never will. The new normal will be continued declining workforce participation, stagnation of the socioeconomic classes (we need dynamic socioeconomic class movement), and a declining standard of living for most Americans. Today's stock and bond market rally is indicative of it's addiction to stimulus. I doubt it can be weaned off. I'm old enough to remember a lot of talking heads crowing about "crowding out" in reference to huge deficits back during the Reagan years. The theory was with the .gov borrowing so much, it was going to "crowd out" the other folks also looking to borrow money. I find it interesting that with deficits an order of magnitude higher than they were back then, we don't hear anyone talking about the "crowding out". Well, until the Feral Reserve started sucking up 50-75% of the new Treasury issuance. And buying up Fannie/Freddie paper. And paying interest on "reserves" which are nothing more than phantom "deposits" of things that have no actual value but are treated as having value by the Fed. Crowding out indeed. This is why the bond market went haywire this week. One guy leaves (an admittedly huge) bond hedge fund, and all h*ll breaks loose. Same with stocks. When a huge percentage of the S&P500 companies are not only spending operating incomes but <borrowing money> at effectively zero interest rate (thanks to Uncle Sugar) to artificially inflate their stock price. So, the financial sector is drowning in cash, a chosen few are siphoning off some for their own personal gain, and all the rest is effectively being gambled away in a casino. How can their be any monetary velocity when all the money is locked up tight by a small number of really big banks? The answer, obviously, is there can't be. Not now, and not ever until (a) the Feral Reserve stops paying the people to do nothing, and (b) they divest themselves of all the worthless paper they've "bought" over the last 6 years. Then, interest rates will revert to the mean (good), and the Federal Government will go broke (really, really bad). If they don't do that, (a) dollars will become worthless because they've printed so many of them into existence and (b) the Federal Government goes broke. Are we seeing a trend here?
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Posted: 10/10/2014 3:52:41 PM EDT
[#9]
We are in an interesting area for oil.
I guess we're going to find out where the price floor really is. The cost to produce a barrel of synthetic oil from fracking is estimated to be between $70-95 per barrel, so we should start to see sharp declines in domestic production if oil stays at these levels, or declines further. The cheap oil era is over, unless other "real" crude oil resources are found. |
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Posted: 10/10/2014 5:02:10 PM EDT
[#10]
Quote HistoryQuoted:
We are in an interesting area for oil. I guess we're going to find out where the price floor really is. The cost to produce a barrel of synthetic oil from fracking is estimated to be between $70-95 per barrel, so we should start to see sharp declines in domestic production if oil stays at these levels, or declines further. The cheap oil era is over, unless other "real" crude oil resources are found. After the Austin Chalk boom and bust ... they found they could in fact extract oil for less than $30 barrel, once the Dom Perignon (?) stop flowing at the luncheons. They are paying water truck drivers $90 hr. For skimming purposes, fat in a project floats to the top. |
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Posted: 10/11/2014 10:14:18 AM EDT
[#11]
WE don't have a real supply problem in anything right now, other than Beef, I was told about 2 years to recover & Pork.
The Mighty Dollar, the 'Gold Standard', has been gaining since the end of June. Dollar Index and now compare the chart to these commodities: Oil Gold Wheat Soybeans Corn Sugar Now for the 'Conspiracy' side to Why Oil Is Plunging? Russia, Putin really, needs expensive oil to survive. America seems to have started some sort of Politically Correct Manipulation...WE look bad imposing sanctions, so this seems like a smart strategy. I wonder who's controlling those Soviet Nukes? It could explain the panic/pressure markets are sensing, since the FED told the world interest rates would rise much later. Being responsible for 'Boots on the Ground' scares this administration more than Crashing Markets. Now if OUR Political Pimps would slash Taxes, at every level, WE could actually start a real recovery based on Free-Market Principles!    |
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Posted: 10/11/2014 11:28:01 AM EDT
[#12]
Quote HistoryQuoted: WE don't have a real supply problem in anything right now, other than Beef, I was told about 2 years to recover & Pork. The Mighty Dollar, the 'Gold Standard', has been gaining since the end of June. Dollar Index and now compare the chart to these commodities: Oil Gold Wheat Soybeans Corn Sugar Now for the 'Conspiracy' side to Why Oil Is Plunging? Russia, Putin really, needs expensive oil to survive. America seems to have started some sort of Politically Correct Manipulation...WE look bad imposing sanctions, so this seems like a smart strategy. I wonder who's controlling those Soviet Nukes? It could explain the panic/pressure markets are sensing, since the FED told the world interest rates would rise much later. Being responsible for 'Boots on the Ground' scares this administration more than Crashing Markets. Now if OUR Political Pimps would slash Taxes, at every level, WE could actually start a real recovery based on Free-Market Principles! I read that as well. I'm not sure whether to call it a conspiracy theory, or "unsubstantiated....yet, plausible" geopolitics, and economics as usual. It makes sense on so many levels. In it's history OPEC, as a cartel, has had its islands of cooperation in a sea of lip service and broken agreements. Saudi Arabia letting it's oil spigots flow would most certainly hurt Russia. But because they are the worlds low cost producer of oil (estimated cost per barrel below $10) they can also bankrupt a lot of fracking, and alternative energy infrastructure. Which is the true thorn in their side. The last thing Saudi Arabia wants is a world not dependent on Middle Eastern oil. At least not yet. They can stall it by letting the oil flow. So, yeah, it is conceivable that perhaps they might be helping us hurt Russia. But they're also going to hurt a lot of other energy producers as well. At $100+ per barrel lots of energy sources are viable. If they could drive the price down, they could really cut a lot of new energy upstarts off at the knees. Before this move is over, we'll find out what the price floor is for fracking. |
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Posted: 10/11/2014 11:41:51 AM EDT
[#13]
I think I would rather have the Russia we have now, though than a paranoid Russia that is broke and desperate. If they're squeezed too far, thanks might get ugly.
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Posted: 10/11/2014 1:28:31 PM EDT
[#14]
Quote HistoryQuoted: I think I would rather have the Russia we have now, though than a paranoid Russia that is broke and desperate. If they're squeezed too far, thanks might get ugly. Russia has huge systemic problems. Anytime you get a large disparity of wealth, and declining standard of living for the masses you run the danger of increased violence. Russia is already an oligarchy, as are many other countries, with many more at risk of becoming pure neo-feudal oligarchies (The U.S. and western Europe included). On ARFcom, "income inequality" and "disparity of wealth" are often criticised as merely progressive catch phrases, used by progressive authoritarian government political types to promote socialism and compulsory redistribution of wealth (with government as the middle man...of course). But the truth is strong centralized authoritarian (leftist ...and rightest) governments typically contributes to this disparity. It's not the only cause, but authoritarianism in government, with it's focus on economic and social central planning, collectivism, conformity, and bureaucratic complexity certainly help it along. Individual freedom, and free-markets, requires personal responsibility and creates an environment that is favorable to innovation, and to dynamic socioeconomic movement. Big players fail, and small players grow up to replace them, the wealthy can become poor, and the poor can become wealthy. These are the signs of a healthy system. Authoritarianism induces an environment of collective dependency, "income inequality", disparity of wealth, and creates and protects a more static socioeconomic status quo. It uses violence and the threat of violence to protect those in political or economic power. Nationstates NEED enemies. It helps define them and helps the political classes consolidate power. Nothing motivates individuals to give up their natural rights better then "fear". If a government lacks enemies, typically they will work to create them. Russia's AND the United State's ruling classes seem to be trying to revive their old status quo. |
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Posted: 10/11/2014 10:16:52 PM EDT
[#15]
I'm curious as to what happens to America's Hat when the price of oil drops below the minimum cost for oil recovery from the oil sands. Instant bust, I would think, since they have certain parts of the country that the economy is almost exclusively fueled (pardon the pun) by the oil sands boom. When I was up there 3-4 years ago visiting, the local TV station was saying that below $92-$95 a barrel, it doesn't make economic sense to recover the oil from the sands. If oil stays below about $75 a barrel for very long, a lot of the oil companies up there go bust (and tons of jobs go bust with them).
All of Ocommie-pinko's so-called green energy nonsense starts to fall apart completely as the price of oil gets down to $50-60 a barrel, since even with the wealth-transfer from the productive to the not-so-much in the form of rebates and tax credits, it still requires oil to be in the $150 a barrel for it to even begin to make sense. Hence the reason it hasn't made sense pretty much ever and will make it fundamentally penalizing at one-third the economic recovery cost. One possible outcome of dropping oil prices is that the volatility caused by that will make electricity producers re-think their producing plant mix in the future. Many electric companies got burned a while back when natural gas went from $2-3 an MCF to $12. Now that it's back down again, they are beginning to think the volatility may be behind them and they can make long term plans again. With a precipitous drop in oil prices, that might be sustained for any length of time, the economic analysis becomes very difficult, indeed. It's going to be a crapshoot, and either way, the EPA could (and has) come in at a moment's notice and torpedo whatever plans they have anyway. Don't be surprised if, during the last two years of Obraindamage's term, that the "end of the world syndrome" kicks into high gear and they issue regulations that would, essentially, cause all fossil fuel generating plants to have to close, throwing the entire country into chaos. They are so hell-bent on implementing their ideological war on global warming/climate-change/green-energy-is-best-energy that they do not care about the consequences, since their guy won't be prez anymore - the next guy will be blamed for the massive depression their idiotic zealotry causes. 
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Posted: 10/13/2014 8:52:28 AM EDT
[#16]
Most people get it. Education is expensive because of easy money. College costs have risen because of "easy credit", just like house prices inflated because of easy mortgages. Mark Cuban alludes to the problem of government student loans in this article: http://www.cnbc.com/id/102078906?trknav=homestack:topnews:3
Short version, limit student loans to $10k per year. That would force a lot of schools to make some serious adjustments. When I was an undergrad, I paid my own way through college by working, and was able to finish that degree in just under 4 years. None of my kids could do it today and finish on schedule, not even at public universities. All of our institutions need to change, and education, and our "credential industry", is a big part of that needed change. If we're going to rely on credentials, certifications, and degrees we really need to come up with more efficient ways to "credential" people. One that would allow autodidacts, and people who've learned through experience, become "certified", perhaps even have collegiate equivalent to the GED, or at least dramatically expand CLEP (College Level Examination Program). So that people can quickly and financially efficiently "certify" their knowledge. |
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Posted: 10/13/2014 10:48:15 AM EDT
[#17]
Thiel: We are in a government bubble of massive sizeThe bond market is the most distorted, Silicon Valley venture capitalist Peter Thiel told CNBC's "Squawk on the Street" on Monday... He is stating the obvious. I wonder how long the financial morphine can mast the blown out "knees" of the global economy. I guess it's starting to wear off, because now even the Keynesians are starting to acknowledge the problem. It never really masked it completely, but it's done a surprisingly good mob for quite a long time. Of course it hasn't "fixed" anything, but it's kept the same old tired, broken, and worn out players (systems, firms and institutions) on the field. Unfortunately when it finally stops working completely the damage is going to be horrendous. A=A You can't escape it, you can't legislate it away. A=A You can't fix a broken economy and debt problem with more debt. You can't fixed a broken economy, or system, by keeping on doing the same things that got you there, with ideas like too big to fail, and cash infusions into old institutions. We need a healthy corrective bust, to wring out the old established players and institutions, and bring back monetary velocity, and socioeconomic class movement. The government is too big and expensive, the payroll is too large, the entitlements are to expensive, the laws and regulations too complex, and we have too much public and private debt. |
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Posted: 10/13/2014 3:36:14 PM EDT
[#18]
Quote HistoryQuoted: Thiel: We are in a government bubble of massive sizeThe bond market is the most distorted, Silicon Valley venture capitalist Peter Thiel told CNBC's "Squawk on the Street" on Monday... He is stating the obvious. I wonder how long the financial morphine can mast the blown out "knees" of the global economy. I guess it's starting to wear off, because now even the Keynesians are starting to acknowledge the problem. It never really masked it completely, but it's done a surprisingly good mob for quite a long time. Of course it hasn't "fixed" anything, but it's kept the same old tired, broken, and worn out players (systems, firms and institutions) on the field. Unfortunately when it finally stops working completely the damage is going to be horrendous. A=A You can't escape it, you can't legislate it away. A=A You can't fix a broken economy and debt problem with more debt. You can't fixed a broken economy, or system, by keeping on doing the same things that got you there, with ideas like too big to fail, and cash infusions into old institutions. We need a healthy corrective bust, to wring out the old established players and institutions, and bring back monetary velocity, and socioeconomic class movement. The government is too big and expensive, the payroll is too large, the entitlements are to expensive, the laws and regulations too complex, and we have too much public and private debt.  How will things look after the ECB begins their version of QE, would $1 Trillion Euros really 'stimulate' anything, or would it take more  Germany has been down this road, so, with their economy turning for the worse recently, will they finally cave to the pressure & turn on those old printing presses? OUR Dollar is positioned to take off & commodity prices will drop; Good News, right? So what happens to those with Fixed Incomes, from Pension Funds, State & Federal, while this Bubble of all Bubbles pop I have yet to hear any Politician, Democrat, Republican or Independent, discuss Cutting Taxes or clearly define a proven economic strategy that would get us back to a Free-Market & that's more troubling to me. Running on, "I'm not Obama", just shows how weak-minded WE have become, politicians & citizens alike. What will really equal a Win for US? About 3 weeks left before WE get to Fire a Pimp, so don't forget, Especially, you Sorry-A$$ed Sheep, set multiple alarms & reminders! |
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Posted: 10/13/2014 3:56:52 PM EDT
[#19]
Stimulation is no substitution for Production.
It simply make folks and business critically Dependent... No different from the way the Left has made the willing folks in the ghettos... Surviving on their EBT cards and transfer payments, with little motivation to be... Productive. And we have come full circle.
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Posted: 10/13/2014 4:00:21 PM EDT
[#20]
Quote HistoryQuoted: Quote HistoryQuoted: Quoted: Thiel: We are in a government bubble of massive sizeThe bond market is the most distorted, Silicon Valley venture capitalist Peter Thiel told CNBC's "Squawk on the Street" on Monday... He is stating the obvious. I wonder how long the financial morphine can mast the blown out "knees" of the global economy. I guess it's starting to wear off, because now even the Keynesians are starting to acknowledge the problem. It never really masked it completely, but it's done a surprisingly good mob for quite a long time. Of course it hasn't "fixed" anything, but it's kept the same old tired, broken, and worn out players (systems, firms and institutions) on the field. Unfortunately when it finally stops working completely the damage is going to be horrendous. A=A You can't escape it, you can't legislate it away. A=A You can't fix a broken economy and debt problem with more debt. You can't fixed a broken economy, or system, by keeping on doing the same things that got you there, with ideas like too big to fail, and cash infusions into old institutions. We need a healthy corrective bust, to wring out the old established players and institutions, and bring back monetary velocity, and socioeconomic class movement. The government is too big and expensive, the payroll is too large, the entitlements are to expensive, the laws and regulations too complex, and we have too much public and private debt. How will things look after the ECB begins their version of QE, would $1 Trillion Euros really 'stimulate' anything, or would it take more Germany has been down this road, so, with their economy turning for the worse recently, will they finally cave to the pressure & turn on those old printing presses? OUR Dollar is positioned to take off & commodity prices will drop; Good News, right? So what happens to those with Fixed Incomes, from Pension Funds, State & Federal, while this Bubble of all Bubbles pop I have yet to hear any Politician, Democrat, Republican or Independent, discuss Cutting Taxes or clearly define a proven economic strategy that would get us back to a Free-Market & that's more troubling to me. Running on, "I'm not Obama", just shows how weak-minded WE have become, politicians & citizens alike. What will really equal a Win for US? About 3 weeks left before WE get to Fire a Pimp, so don't forget, Especially, you Sorry-A$$ed Sheep, set multiple alarms & reminders! The bond bull market is so long most people don't even acknowledge it anymore. I believe it would have ended back in 2008 when it was 27 years old. But we all know what happened instead. The government intervened in the natural flow of the free-market. I think the reason we'll never get a political solution to the economy is because there is only one. Get government out of the free-market, stop trying to manipulate it, stop all social and economic central planning. Government isn't very good at getting out of anything, especially something in which it has so thoroughly entrenched itself in. At this point they have no choice. To keep the status quo going they have to keep pumping the morphine. Because we've put off a lot of little busts, and masked a few very big ones, we're now due for a major systemic collapse. The natural corrective forces of the economic business cycle are building. The only question left to be answered is when will it break. They can't hold it off forever, and the longer they stall it, the more painful, and violent, that change will be. |
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Posted: 10/15/2014 1:10:37 PM EDT
[#21]
Interesting day in the game. An important trend line may be tested in the S&P 500, Transports are also just above an important trend line, small caps still have a ways to go, and the DJ industrials look like shit. But wow! what an upside move in bond prices.
Gotta love volatility! |
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Posted: 10/15/2014 2:11:44 PM EDT
[#22]
When all else fails....bullshit.
BREAKING NEWS ON CNBC'S FRONT PAGE!!!!!!!!!! Fed's Beige Book sees steady growth, spending up, job conditions improving  |
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Posted: 10/16/2014 7:56:45 AM EDT
[#23]
I'll listen to Peter Schiff before I listen to the Fed.
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Posted: 10/16/2014 8:05:07 PM EDT
[#24]
Quote HistoryQuoted: I'll listen to Peter Schiff before I listen to the Fed. It's just funny watching the propaganda machine go into overdrive over the last week. Nothing is real.
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Posted: 10/17/2014 10:57:48 AM EDT
[#25]
The "growth" of the last 5-6 years is easily contributed to one single influence:
Zero or effectively negative interest rate policies, the "treasury trades" pumping free money into the major financial institutions, record low borrowing rates sustained over 5+ years (barely keeping the auto, real estate and commercial sectors chugging along at "near-normal" velocity), etc etc. Of course the jobless claims are down because far fewer people have been actually hired (less to fire); with almost all full-time jobs over the last 6 years created in the 55-and-over age group. The younger, productive classes are all part-timing it, racking up record-level student loans while in school (aka unemployed), or trying to claim disability while staying on Mom and Dad's insurances because they get no benefits at 28 hours per week. Total civilian population rates continue to plummet - but the "unemployed and actively seeking employment" U3 is low so we must be good. Baltic Dry index is flat-lined right before the Thanksgiving and Christmas inventory re-stocking season, so at least that's promising.
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Posted: 10/17/2014 1:40:56 PM EDT
[#26]
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Posted: 10/17/2014 3:08:05 PM EDT
[#27]
The F'ing morans that reacted to those quotes...
Fail to understand QE can NEVER be reduced without completely disrupting the political/economic/social fabric of this country. As said, we're ADDICTED TO QE and more than that, entirely DEPENDENT on it to maintain even a semblance of our current lifestyle/economy. That's why the PTB are going to chose CAREFULLY the time that they do it. It won't be for at least a few more years, because when they do, they want their Leftist Tactics in a row to fully destabilize and takeover the USA. Their battlefield isn't fully prepped -yet. 
This Leftist controlled CDC Ebola scare is another tactic of countless ones, to destabilize the US in preparation for the 'BIG DAY' mentioned above [that has been going on for quite some time] That the Sheeple are happily licking up. |
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Posted: 10/17/2014 3:42:17 PM EDT
[#28]
The lesson learned is, don't fight the Fed.
That's as true today, as it was 20 years ago. While I agree with everyone's assessment of QE, growth, debt, monetary policy, and employment, it just doesn't matter,...until it does. And while that day of reckoning certainly lay ahead, I don't think it's just around the corner. This game can be played for quite some time to come. The S&P 500 bounced right off it's uptrend line at 1820 (I think its actually intraday low was 1821 and change....). Now the uptrend line support moves up to 1840. That makes 1840 the new skirmish line. It's the new support. It's a fun and whacky game we play. |
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Posted: 10/17/2014 7:30:57 PM EDT
[#29]
Quote HistoryQuoted:
Most people get it. Education is expensive because of easy money. College costs have risen because of "easy credit", just like house prices inflated because of easy mortgages. Mark Cuban alludes to the problem of government student loans in this article: http://www.cnbc.com/id/102078906?trknav=homestack:topnews:3 Short version, limit student loans to $10k per year. That would force a lot of schools to make some serious adjustments. When I was an undergrad, I paid my own way through college by working, and was able to finish that degree in just under 4 years. None of my kids could do it today and finish on schedule, not even at public universities. All of our institutions need to change, and education, and our "credential industry", is a big part of that needed change. If we're going to rely on credentials, certifications, and degrees we really need to come up with more efficient ways to "credential" people. One that would allow autodidacts, and people who've learned through experience, become "certified", perhaps even have collegiate equivalent to the GED, or at least dramatically expand CLEP (College Level Examination Program). So that people can quickly and financially efficiently "certify" their knowledge. Or how about this no more government guarantees and borrowers can declare bankruptcy. Problem will be fixed. Can't afford loans, join the military or go to work and pay as you go. |
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Posted: 10/21/2014 7:03:40 PM EDT
[#30]
Quantitative Easing #4? Why the talk of a new round of QE and why are the commentators calling it QE#4 when it's clearly #5? Remember, QE#3 ad infinitum wasn't supposed to end so in the words of that great stateswoman, "At this point, what difference does it make?"
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Posted: 10/21/2014 8:43:51 PM EDT
[#31]
Quote HistoryQuoted: Quantitative Easing #4? Why the talk of a new round of QE and why are the commentators calling it QE#4 when it's clearly #5? Remember, QE#3 ad infinitum wasn't supposed to end so in the words of that great stateswoman, "At this point, what difference does it make?" "Why Hillary Clinton Would Be a One-Term President, According to Peter Thiel"This was on Drudge, so please don't read into the fact it's on Glen Beck's show & start a meaningless debate about him ...Peter Thiel seems to have explained things perfectly.Political Coup & if/when they Illegally, allow Immigrants to remain by EO, WE will all see who the real Traitors are...Money won't matter if WE have a Nation without Borders. Treasonous Pimps... You, Pathetic, Miserable Sheep better show up to Fire these Traitors to OUR Constitution Election Day: Tuesday, November 4th, 2014 Mark your calenders & set multiple alarms...  |
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Posted: 10/21/2014 9:41:43 PM EDT
[#32]
I early voted ...
... and since Democrats' want to take away more and more freedoms deigning to stop their own murder sprees and Democrat on Democrat violence ... ... I opted for the party of peace ... and I voted against all spending. As a nation, we're broke and getting broker, the first axiom of when one finds oneself in a hole ... stop digging. 
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Posted: 10/21/2014 10:09:39 PM EDT
[#33]
Quote HistoryQuoted: "Why Hillary Clinton Would Be a One-Term President, According to Peter Thiel"This was on Drudge, so please don't read into the fact it's on Glen Beck's show & start a meaningless debate about him ...Peter Thiel seems to have explained things perfectly.Quote HistoryQuoted: Quoted: Quantitative Easing #4? Why the talk of a new round of QE and why are the commentators calling it QE#4 when it's clearly #5? Remember, QE#3 ad infinitum wasn't supposed to end so in the words of that great stateswoman, "At this point, what difference does it make?" "Why Hillary Clinton Would Be a One-Term President, According to Peter Thiel"This was on Drudge, so please don't read into the fact it's on Glen Beck's show & start a meaningless debate about him ...Peter Thiel seems to have explained things perfectly.Political Coup & if/when they Illegally, allow Immigrants to remain by EO, WE will all see who the real Traitors are...Money won't matter if WE have a Nation without Borders. Treasonous Pimps... You, Pathetic, Miserable Sheep better show up to Fire these Traitors to OUR Constitution Election Day: Tuesday, November 4th, 2014 Mark your calenders & set multiple alarms... Thiel has pretty much nailed it. The reason everyone has been wrong about price inflation, is because they've underestimated just how broken the economy really is. With that said, this faux economy can go on for several more years. I think we're in year 14, but Japan is in year 25, so it can go on for awhile. Thiel says he doesn't believe it can go on another 6 years, I think he's probably right. Although I can see it stretching out to 2022. But I think that's about the upper limit. If it hasn't corrected by then the math starts to look really bad beyond that date. You can't cure a debt problem, with more debt. You can't "legislate" a higher standard of living, or higher wages. And you can't increase business activity and entrepreneurship with greater government regulation. We have a lot of challenges ahead, but the ONLY solution is to take our hands off the wheel, stop government central planning, and let a natural business cycle emerge. We need to cut the size and scope of government. We need fewer laws and regulations, lower taxes, and MORE individual freedom, and entrepreneurship. ...and yes we need MORE immigration. |
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Posted: 10/22/2014 7:30:02 AM EDT
[#34]
Quote HistoryQuoted:
Political Coup & if/when they Illegally, allow Immigrants to remain by EO, WE will all see who the real Traitors are...Money won't matter if WE have a Nation without Borders. Treasonous Pimps... You, Pathetic, Miserable Sheep better show up to Fire these Traitors to OUR Constitution Election Day: Tuesday, November 4th, 2014 Mark your calenders & set multiple alarms...  http://youtu.be/RxtXMlPSQAY
Thiel has pretty much nailed it. The reason everyone has been wrong about price inflation, is because they've underestimated just how broken the economy really is. With that said, this faux economy can go on for several more years. I think we're in year 14, but Japan is in year 25, so it can go on for awhile. Thiel says he doesn't believe it can go on another 6 years, I think he's probably right. Although I can see it stretching out to 2022. But I think that's about the upper limit. If it hasn't corrected by then the math starts to look really bad beyond that date. You can't cure a debt problem, with more debt. You can't "legislate" a higher standard of living, or higher wages. And you can't increase business activity and entrepreneurship with greater government regulation. We have a lot of challenges ahead, but the ONLY solution is to take our hands off the wheel, stop government central planning, and let a natural business cycle emerge. We need to cut the size and scope of government. We need fewer laws and regulations, lower taxes, and MORE individual freedom, and entrepreneurship. ...and yes we need MORE immigration. Quote HistoryQuoted:
Quoted:
Quoted:
Quantitative Easing #4? Why the talk of a new round of QE and why are the commentators calling it QE#4 when it's clearly #5? Remember, QE#3 ad infinitum wasn't supposed to end so in the words of that great stateswoman, "At this point, what difference does it make?" "Why Hillary Clinton Would Be a One-Term President, According to Peter Thiel"This was on Drudge, so please don't read into the fact it's on Glen Beck's show & start a meaningless debate about him ...Peter Thiel seems to have explained things perfectly.
Political Coup & if/when they Illegally, allow Immigrants to remain by EO, WE will all see who the real Traitors are...Money won't matter if WE have a Nation without Borders. Treasonous Pimps... You, Pathetic, Miserable Sheep better show up to Fire these Traitors to OUR Constitution Election Day: Tuesday, November 4th, 2014 Mark your calenders & set multiple alarms... http://youtu.be/RxtXMlPSQAY
Thiel has pretty much nailed it. The reason everyone has been wrong about price inflation, is because they've underestimated just how broken the economy really is. With that said, this faux economy can go on for several more years. I think we're in year 14, but Japan is in year 25, so it can go on for awhile. Thiel says he doesn't believe it can go on another 6 years, I think he's probably right. Although I can see it stretching out to 2022. But I think that's about the upper limit. If it hasn't corrected by then the math starts to look really bad beyond that date. You can't cure a debt problem, with more debt. You can't "legislate" a higher standard of living, or higher wages. And you can't increase business activity and entrepreneurship with greater government regulation. We have a lot of challenges ahead, but the ONLY solution is to take our hands off the wheel, stop government central planning, and let a natural business cycle emerge. We need to cut the size and scope of government. We need fewer laws and regulations, lower taxes, and MORE individual freedom, and entrepreneurship. ...and yes we need MORE immigration. I think we all agree what the best course of action is. but none of what you said is going to happen, except for the contunued increase in illegal immigration. . In the history of this country, we have never had a move to less regulation and smaller govt, except the 2 times we starting shooting people. The first time it worked out well, the second time not so much. The second time the sovereign states lost all say in the fed govt and the result is what we have now. I think we should all just plan for what is coming and that is blood shed. It may be brief or it may be long, but it is coming about the same time the collapse happens. I am not commenting on what will be the result, just that history shows, that there will be violence, it might be organized or it might not, but I think it is clear it will happen. |
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Posted: 10/22/2014 10:13:46 AM EDT
[#35]
Quote HistoryQuoted: I think we all agree what the best course of action is. but none of what you said is going to happen, except for the contunued increase in illegal immigration. . In the history of this country, we have never had a move to less regulation and smaller govt, except the 2 times we starting shooting people. The first time it worked out well, the second time not so much. The second time the sovereign states lost all say in the fed govt and the result is what we have now. I think we should all just plan for what is coming and that is blood shed. It may be brief or it may be long, but it is coming about the same time the collapse happens. I am not commenting on what will be the result, just that history shows, that there will be violence, it might be organized or it might not, but I think it is clear it will happen. I still don't understand how they get away with what they are doing. $200 billion needed per quarter to avoid crash... "By estimating that zero stimulus would be consistent with a 10 percent quarterly drop in equities, they calculate it takes around $200 billion from central banks each quarter to keep markets from selling off." PAPER: 'Plunge protection' behind market's sudden recovery... snip... "Here’s the bottom line: Someone tried to rescue the market last Wednesday. And it’s becoming a regular occurrence. The details of last Wednesday morning are these: At the same time the Dow was off 350 points, the S&P index was down 43.80 points, That was an enormous decline in just 11 minutes of trading and it was an indication that Wall Street was not having a good day. Then, someone (or something) started buying S&P futures contracts en masse. Twenty-one minutes later, the S&P index had regained 30 of those lost points and was back at 1,861. Maybe you’ll believe that there was some manipulation going on if you knew that a guy named Robert Heller, who was a member of the Federal Reserve’s Board of Governors until 1989, proposed just such a rigging as soon as he left the Fed. Look it up. Oct. 27, 1989, Wall Street Journal. Headline: "Have Fed Support Stock Market, Too.” By Robert Heller, who had just left the Fed to head up the credit card company Visa. "It would be inappropriate for the government or the central bank to buy or sell IBM or General Motors shares,” Heller wrote. "Instead, the Fed could buy the broad market composites in the futures market.” In case you don’t know the lingo, Heller is proposing that the Fed or government purchase stock futures contracts that track — and can influence — the major indices. These contracts are cheap and a government could turn the whole stock market around quickly — but probably not permanently. Wow! Doesn’t that seem a lot like what happened Wednesday at 9:41 a.m., when S&P futures contracts were suddenly and mysteriously scooped up?" ETA Any Entity partaking in this type Manipulation would be charged with Fraud, Larceny, Embezzlement and/or Money-Laundering |
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Posted: 10/22/2014 11:38:49 AM EDT
[#36]
Quote HistoryQuoted:
After the Austin Chalk boom and bust ... they found they could in fact extract oil for less than $30 barrel, once the Dom Perignon (?) stop flowing at the luncheons. They are paying water truck drivers $90 hr. For skimming purposes, fat in a project floats to the top. Quote HistoryQuoted:
Quoted:
We are in an interesting area for oil. I guess we're going to find out where the price floor really is. The cost to produce a barrel of synthetic oil from fracking is estimated to be between $70-95 per barrel, so we should start to see sharp declines in domestic production if oil stays at these levels, or declines further. The cheap oil era is over, unless other "real" crude oil resources are found. After the Austin Chalk boom and bust ... they found they could in fact extract oil for less than $30 barrel, once the Dom Perignon (?) stop flowing at the luncheons. They are paying water truck drivers $90 hr. For skimming purposes, fat in a project floats to the top. Who is paying 90$ for water truck drivers? I quit!
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Posted: 10/22/2014 12:46:09 PM EDT
[#37]
Quote HistoryQuoted: I think we all agree what the best course of action is. but none of what you said is going to happen, except for the contunued increase in illegal immigration. . In the history of this country, we have never had a move to less regulation and smaller govt, except the 2 times we starting shooting people. The first time it worked out well, the second time not so much. The second time the sovereign states lost all say in the fed govt and the result is what we have now. I think we should all just plan for what is coming and that is blood shed. It may be brief or it may be long, but it is coming about the same time the collapse happens. I am not commenting on what will be the result, just that history shows, that there will be violence, it might be organized or it might not, but I think it is clear it will happen. Quote HistoryQuoted: Quoted: Thiel has pretty much nailed it. The reason everyone has been wrong about price inflation, is because they've underestimated just how broken the economy really is. With that said, this faux economy can go on for several more years. I think we're in year 14, but Japan is in year 25, so it can go on for awhile. Thiel says he doesn't believe it can go on another 6 years, I think he's probably right. Although I can see it stretching out to 2022. But I think that's about the upper limit. If it hasn't corrected by then the math starts to look really bad beyond that date. You can't cure a debt problem, with more debt. You can't "legislate" a higher standard of living, or higher wages. And you can't increase business activity and entrepreneurship with greater government regulation. We have a lot of challenges ahead, but the ONLY solution is to take our hands off the wheel, stop government central planning, and let a natural business cycle emerge. We need to cut the size and scope of government. We need fewer laws and regulations, lower taxes, and MORE individual freedom, and entrepreneurship. ...and yes we need MORE immigration. I think we all agree what the best course of action is. but none of what you said is going to happen, except for the contunued increase in illegal immigration. . In the history of this country, we have never had a move to less regulation and smaller govt, except the 2 times we starting shooting people. The first time it worked out well, the second time not so much. The second time the sovereign states lost all say in the fed govt and the result is what we have now. I think we should all just plan for what is coming and that is blood shed. It may be brief or it may be long, but it is coming about the same time the collapse happens. I am not commenting on what will be the result, just that history shows, that there will be violence, it might be organized or it might not, but I think it is clear it will happen. I agree, it's not going to happen politically, preemptively, or voluntarily. No one ever elected will cut the size and scope of government. Our political and economic systems are hopelessly broken.
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Posted: 10/22/2014 2:10:45 PM EDT
[#38]
What happened to all the Wishful Thinking that used to be...
So prevalent in this topic????
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Posted: 10/23/2014 9:50:29 AM EDT
[#39]
Quote HistoryQuoted:
What happened to all the Wishful Thinking that used to be... So prevalent in this topic????
Wishful thinking or a crash in progress being hidden by phony statistics and mainstream media propaganda?
I enjoy some interviews and here is an especially good one. It talks about how folks change their mindset to adapt to inflation and to skirt financial repression. This is well worth the time to listen to: http://www.youtube.com/watch?v=_4QhU5HY4uE |
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Posted: 10/24/2014 11:03:54 PM EDT
[#40]
Quote HistoryQuoted:
What happened to all the Wishful Thinking that used to be... So prevalent in this topic????
" Wishful thinking " |
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Posted: 10/25/2014 8:36:37 AM EDT
[#41]
Quote HistoryQuote HistoryQuoted:
Quoted:
What happened to all the Wishful Thinking that used to be... So prevalent in this topic????
" Wishful thinking " She is one of the worst public speakers of my life time. G W Bush was better than her. People are so stupid |
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Posted: 10/25/2014 10:07:13 AM EDT
[#42]
Not a financial wizard here. Not even up on all the terminology some of you use. But I can see my own wealth staying stagnant despite my making more money than I have in the past. Like somebody mentioned Japan has been doing this for 25 years or more. Here are a couple of my thoughts. They will keep this game of zero interest up for as long as they can. As i have found out even in my little town of a thousand people. Govt is addicted to crack, AKA other peoples money. Printed or stolen. They can only keep this game up until two people working two jobs or more can't sustain it. What I think we will eventually see before a reset, is people making $50.00 bucks an hour and not be able to afford a gallon of milk. I see this happening some time around 25 Trillion in debt. I could be completely wrong, Maybe we can go to 50T and keep printing. We don't need to really print any way. How hard is it for the bank to go infinity on an electronic balance? Money is just numbers in a computer anymore.........
Like Zimbabwe We could all have trillions in our accounts. We can all be rich!
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Posted: 10/25/2014 10:11:20 AM EDT
[#43]
Quote HistoryQuoted:
Not a financial wizard here. Not even up on all the terminology some of you use. But I can see my own wealth staying stagnant despite my making more money than I have in the past. Like somebody mentioned Japan has been doing this for 25 years or more. Here are a couple of my thoughts. They will keep this game of zero interest up for as long as they can. As i have found out even in my little town of a thousand people. Govt is addicted to crack, AKA other peoples money. Printed or stolen. They can only keep this game up until two people working two jobs or more can't sustain it. What I think we will eventually see before a reset, is people making $50.00 bucks an hour and not be able to afford a gallon of milk. I see this happening some time around 25 Trillion in debt. I could be completely wrong, Maybe we can go to 50T and keep printing. We don't need to really print any way. How hard is it for the bank to go infinity on an electronic balance? Money is just numbers in a computer anymore......... Like Zimbabwe We could all have trillions in our accounts. We can all be rich!Ha! I bragged at school that I am a billionaire. Then I tell them it's Zimbabwe and that I couldn't buy a stick of gum at Wally World. 
Marxism delivers though (empty promises and false dreams for suckahs). BTW, one silver mining firm is urging the formation of a silver cartel. They're sick of the market manipulation that makes mining unprofitable. They are withholding their silver from the market and storing it instead. The Chinese started doing this years ago with respects to gold. They used to export a lot of that stuff and now they keep every single gram. Gold is in backwardation. Order today and expect delivery later. |
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Posted: 10/25/2014 10:35:37 AM EDT
[#44]
Quote HistoryBTW, one silver mining firm is urging the formation of a silver cartel. They're sick of the market manipulation that makes mining unprofitable. They are withholding their silver from the market and storing it instead. Too bad farmers' products are perishable.
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Posted: 10/25/2014 11:14:11 AM EDT
[#45]
Kept free of moisture, wheat can be stored for a long time. Ditto with dried corn.
It's fruits and vegetables that are perishable (unless canned). |
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Posted: 10/26/2014 4:54:37 PM EDT
[#46]
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Posted: 10/26/2014 5:05:28 PM EDT
[#47]
Quote HistoryThat's not the first story I've read about this happening. We have several government departments and agencies that are out of control, the IRS being one of them.
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Posted: 10/26/2014 6:20:45 PM EDT
[#48]
Quote HistoryQuoted:
That's not the first story I've read about this happening. We have several government departments and agencies that are out of control, the IRS being one of them. Quote HistoryQuoted:
That's not the first story I've read about this happening. We have several government departments and agencies that are out of control, the IRS being one of them. Kristallnacht |
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Posted: 10/26/2014 8:20:54 PM EDT
[#49]
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Posted: 10/26/2014 9:55:45 PM EDT
[#50]
Quote HistoryQuoted:
That is criminal Quote HistoryUnless you have the legal means to shoot those that question your practices. |
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