patrick.net

What type of guilt do you harbor that you would think you are being judged?
The OP made no statements to that effect.

Dan8267 says

So whether or not liberals do so, although maybe interesting from a sociological view, is completely irrelevant to judgments of intelligence, integrity, morality, or correctness of political philosophy.

Call it Crazy says

Budweiser sales are down because the beer sucks, always has...

It didn't always has, but at least since they started that "Born On date" marketing ploy, to dupe people into thinking that they were poisoning the beer for quality and freshness sakes. Which was the exact opposite. Budwiser has been swill for at least ten years.

And I'm a guy that was a hard core true blue Budweiser red white and blue patriot. IT used to baffle me, that they even wasted investors moneys on advertisement, when it was a fait accompli purchace. I mean anyone in their right mind was buying beer was buying Budwieser, anything else was piss water. AB screwed the pooch fucking with the winning formula, just like Coke a cola did. Budwieser has been shit, and I don't give a fuck who bought it, anything and anyone would have been an improvement. Budweiser sales are down, oh fucking well! There's better beer to be had.

Yes I was the hardest hard core AB product patron there was. They screwed the pooch not InBev.

SoftShell says

Being stupid and amazed sure sounds like you're concerned..

If I were stupid and amazed that would make me a fox news viewer, not concerned. Being amazed at stupidity makes me someone who is not a fox news viewer.

I speak in tongues whenever I'm around these demon Realtor's.

Be gone in the name of Jesus!!!!

This is your ubiquitous ad hominem.

The great depression was caused by a credit bubble, sound familiar?

This was in part caused by the government devaluing the dollar so the US had a surplus in international trade. This is exactly what China is doing now.

The bubble popped and would have passed except Roosevelt and Hoover decided they would "fix" the economy. This is what prolonged the problem with endless tinkering.

This is where your Keynesian economics came to fruition.

indigenous says

The great depression was caused by a credit bubble, sound familiar?

What preceded the great depression OTHER THAN the nonsense that you've mentioned above?

upisdown says

indigenous says

The great depression was caused by a credit bubble, sound familiar?

What preceded the great depression OTHER THAN the nonsense that you've mentioned above?

Why don't you enlighten us...

indigenous says

Why don't you enlighten us...

So you're economic genius isn't working right now ?

Hint: What preceded every depression that occured before (and including)the great depression, and even occured prior to the great recession of recent?

indigenous says

This was in part caused by the government devaluing the dollar so the US had a surplus in international trade. This is exactly what China is doing now.

Ok I'll bite, how exactly did the government devalue the dollar in 1920's. The US was on the gold standard fixed at $20 an ounce until 1933. One of the bigger factors in the great depression was France and Britain debasing their currencies in the 1920's leading to a huge inflow of gold to the US that fueled a speculation bubble.

Stupidity is a pretty common trait among a large segment of the population.
For someone to still be 'amazed at stupidity' quite frankly doesn't have all his dogs barking.

bob2356 says

Being amazed at stupidity makes me someone who is not a fox news viewer.

bob2356 says

indigenous
says

This was in part caused by the government devaluing the dollar so the US had
a surplus in international trade. This is exactly what China is doing now.

Ok I'll bite, how exactly did the government devalue the dollar in 1920's.
The US was on the gold standard fixed at $20 an ounce until 1933. One of the
bigger factors in the great depression was France and Britain debasing their
currencies in the 1920's leading to a huge inflow of gold to the US that fueled
a speculation bubble.

You still haven't answered the question of what preceded every depression.
Well?

bob2356 says

Ok I'll bite, how exactly did the government devalue the dollar in 1920's. The US was on the gold standard fixed at $20 an ounce until 1933. One of the bigger factors in the great depression was France and Britain debasing their currencies in the 1920's leading to a huge inflow of gold to the US that fueled a speculation bubble.

The FED kept the interest rates artificially low. Same thing China is doing now.

indigenous says

bob2356 says

Ok I'll bite, how exactly did the government devalue the dollar in 1920's. The US was on the gold standard fixed at $20 an ounce until 1933. One of the bigger factors in the great depression was France and Britain debasing their currencies in the 1920's leading to a huge inflow of gold to the US that fueled a speculation bubble.

The FED kept the interest rates artificially low. Same thing China is doing now.

The FED kept the discount rate right at 4% from 1921 to 1929, how is that artificially low?

Please feel free to explain how a low interest rate devalues a currency that is at a fixed exchange rate to gold. That makes less than zero sense to me, but i'm willing to learn.

SoftShell says

Stupidity is a pretty common trait among a large segment of the population.

For someone to still be 'amazed at stupidity' quite frankly doesn't have all his dogs barking.

I guess I don't hang in the same circles as you do.

This is damning evidence....

Call it Crazy says

SoftShell says

Stupidity is a pretty common trait among a large segment of the population.

bob2356 says

I guess I don't hang in the same circles as you do.

Aren't you here posting every day???

I've heard they all have wonky arms and can't reach the credit card in their pockets.

Call it Crazy says

SoftShell says

Stupidity is a pretty common trait among a large segment of the population.

bob2356 says

I guess I don't hang in the same circles as you do.

Aren't you here posting every day???

Stupidity on patnet is isolated to a very very small group I ignore. I didn't realize you were including yourself in that circle. I guess I'll have defer to your superior knowledge of where you feel you belong since you insist.

bob2356 says

indigenous says

bob2356 says

Ok I'll bite, how exactly did the government devalue the dollar in 1920's. The US was on the gold standard fixed at $20 an ounce until 1933. One of the bigger factors in the great depression was France and Britain debasing their currencies in the 1920's leading to a huge inflow of gold to the US that fueled a speculation bubble.

The FED kept the interest rates artificially low. Same thing China is doing now.

The FED kept the discount rate right at 4% from 1921 to 1929, how is that artificially low?

The above links state Bernanke, Rothbard, and Pettis say that the currency was undervalued.

As indicated in the Rothbard link it was done by changing the reserve rate which effected the interest rates as money became more plentiful.

To the question of how did they undervalue the currency when it is locked to a gold standard. That is a good question, I don't know.

I would guess it would have to be in how the valuation is set.

This from this:

"On the other hand the US dollar was undervalued, this contributed to a boom in US economy which led to the credit bubble and stock market crash of 1929."

So it was undervalued in the first when the gold standard was set. As the UK's was overvalued because of unions. The UK left the gold standard in 1931.

http://econ.economicshelp.org/2009/02/gold-standard-explained.html

indigenous says

Yes if they have less reserve that is allowing more government intervention. Do you see what I mean?

No, because that is completely incorrect. A reserve requirement is a government regulation. Higher requirement = more intervention. Lower requirement = less intervention.

bob2356 says

Ok, since you are incapable of actually presenting any facts what in your
OPINION preceded every depression?

Federal government surpluses.

1817-1821 debt reduced 29%, depression began 1819
1823-1836 debt reduced 99%, depression began 1836
1852-1857 debt reduced 59%, depression began 1857
1867-1873 debt reduced 27%, depression began 1873
1880-1893 debt reduced 57%, depression began 1893
1929-1930 debt reduced 36%, depression began 1929
The most recent 'great recession' that some may call legitimately or not a depression followed a surplus that occurred in late 1999-2000.

Another Monday setup to be another horrific day. I see only a few people sitting at the table of consequences. Lots more need to take their seats before any healing can actually start. In reality this is just a continuation of the problems from 2008. After almost 5 years of fumbling around we are no better off than before, actually in worse shape when this merry-go-round finally stops and everyone is sick.

When the source is NAR I should interpret it exactly opposite. Is that the case here?

The market looks like shit, ISM report sucked, and the Euro and gold are up (gold almost 2%!).

upisdown says

The most recent 'great recession' that some may call legitimately or not a depression followed a surplus that occurred in late 1999-2000.

or a bubble

tatupu70 says

indigenous says

Yes if they have less reserve that is allowing more government intervention. Do you see what I mean?

No, because that is completely incorrect. A reserve requirement is a government regulation. Higher requirement = more intervention. Lower requirement = less intervention.

whatever but this is where they wreak their havoc

Call it Crazy says

Looks like it's going to be a wonderful day!!!

DOW down triple digits.

Ford and GM January car sales tumbled by 7.5% and 12% respectively, on expectations for a decline of only 2.3% and 2.5%.

ISM Manufacturing dropped by its most since 2008 to levels not seen since May, missed by the most on record, and new orders collapsed at the fastest pace since December 1980.

...and it's only breakfast time...

Don't worry all we have heard in the last 12 months is recovery forward. Maybe the litmus test is here.

He should be billed for the airtime opportunity that he saw and took.
I think the average second of sponsorship was going for $130K last night, he took at least 5.

That kind of "word out" isn't cheap. He didn't admit to trespassing he's admitting to theft.

Interesting. Looks like the NFL's tax exempt status is finally being used for a worthwhile purpose.

This is like trying to close the barn door after the cows have immigrated to the next state.

When the US signed off on NAFTA and maintained high taxes in Tech, R&D and manufacturing by a man more popular than experienced in industry.

The man responsible for passing NAFTA had no experience building anything, or in any experience in Private Sector. The man who built an Electronics firm said that the US citizens would experience "a giant sucking sound of jobs".

Not letting people buy homes here is like saying "we regret that we have 90% of our society as pencil pushers and humanity majors" but that "we dont want people who build things coming to the US".

If there is any large group dumber than liberal democrats - and any with more myopia or short term memory, - could someone enlighten?

indigenous says

upisdown
says

The most recent 'great recession' that some may call legitimately or not a
depression followed a surplus that occurred in late 1999-2000.

or a bubble

LOL, your nickname ought to be 'bubbles'.

I guess that's better than reading one of your usual circle-jerk of an answers that would never make sense anyway.

sbh says

At least RFHTC has promised 500-800 dow points with this move.

I thought he said that was what we would see LAST week.

upisdown says

LOL, your nickname ought to be 'bubbles'.

I guess that's better than reading one of your usual circle-jerk of an answers that would never make sense anyway.

And yours ought to be I don't have anything else relevant to say

What are you saying not for profit people shouldn't have to pay their "Fair share"?

Would you feel the same way if some Teaparty "Activist" ceased that opportunity to spout off his agenda and nonsense?

indigenous says

The banks failing was something that people remember and to this day don't trust banks, putting money in the mattress etc. But it was resolved

Your version of history never ceases to amaze me. It was "resolved"??? What the hell does that even mean?

Call it Crazy says

The Obama administration has not made public the fact that the appeals system for the online marketplace is not working. But at the moment, “there is no indication that infrastructure . . . necessary for conducting informal reviews and fair hearings has even been created, let alone become operational,” attorneys at the National Health Law Program said in a late-December letter to leaders of the Centers for Medicare and Medicaid Services (CMS).

It's all smoke and mirrors and "Do Nothing" buttons.

I know the types that designed this system with little regard to the actual requirements, and the developers who did the work, that pushed slick do nothing forms. I mean, when you have a system that is so convoluted. How can you possibly and accurately test it, and cover all of the variables?

"Hey that form that appeals enrollment decisions is finished."

Their boss probably just said...
"Well eh, O.K., alright then, carry on!"

I mean it's live sensitive data, how can you test it? Where's all of the plumbing back from the providers, to gather all of the sensitive information that they collected on that applicant, what's the standard. How can Obamazon, possibly parse those decisions, when each insurer has their own set of parameters on why or how they reject or approve an applicant.

But I bet it all sure sounded Slick in the requirement gathering meetings.

The Baby boomers didn't get as well off as you folks claim they are, by collecting Keynesian nickles.

The problem with Keynesian economics is, that fantasy is great for those who make the policy and the beneficiaries of it, but those who are not on the receiving end of all of that imaginary money. Unfortunately are bound by Austrian economics, and are forced to pay for that party.

Yeah but last time there was no taper on the table.

I love days when the Dow takes a 200 point shit.

Although tomorrow is a POMO day. You can thank your economic central planners for that.

sbh says

Martha Stewart was an Austrian. "Bank failure: it's a good thing

Is she? She is very admirable.

Entitlemented says

When the US signed off on NAFTA

Are you trying to say Ross Perot had it right all along? "What I hear now is a big sucking sound." The guy came off a little whacky, but compared to Obama he is and was solid gold.

sbh says

Bigsby says

sbh says

At least RFHTC has promised 500-800 dow points with this move.

I thought he said that was what we would see LAST week.

I'm trying to be generous with the boy.

I wouldn't be generous with any of your money now. You will need it all to keep the lights on after this train comes to a stop. Down we go! All fools aboard!!!