Oldtent Archives 2010

March 16 (Bloomberg) — U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.

The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” Treasury Secretary Timothy F. Geithner, White House budget director Peter Orszag and Christina Romer, chairman of the Council of Economic Advisers, said in a joint statement. The officials said unemployment may even rise “slightly” over the next few months as discouraged workers start job-hunting again.

and on second thought…..you don’t have any need for a watch now !!

Now that you mention it I don’t ever remember a bad day of fishing just that some were better than others . I also remember someone saying every day spent fishing adds a day to your life maybe I will go again tommrow after I ship a load of steers.

I knew there was something they forgot to give me, maybe its in the mail.

“It is tiresome to see nonsense posted as thought”

….yes it is

…Inflation….A General Rise in Prices as a Result of an Increased Money Supply

….Deflation….A General Fall in Prices as a Result of Decreased Money Supply

Yes, I read the census….as stated name, age, gender, nationality is of value to our posterity. The rest is trash…sorry to confuse! The reason for posting on this topic is that this information is already known…look into the on-line white pages and see what inoculous info that is on-line in your behalf. Just so you know the go’vt loves me - they must, since they have given me three different numbers for identification alread - how many in your count?

Privacy and freedom is not an integral part of our life anymore. A number of individuals have touted ‘This is it!’ If you are a gold bug that may ring ($$$$) in your ears but the real quest is yet to begin. However, the truth is ‘It is over!’ Transparency is taking shape in our nation once again on the true value and role of gov’t. It will be a battle once again between good and evil.

Hopefully through future turmoil we may once again learn and understand what freedom is all about and be willing to defend it.

i just went through the reorganization history of c i t and their current status. when c i t went into receivership, all unsecured debt, preferred stock and common stock became worthless. c i t issued new stock and is now back in business with a significant bailout by the government. no word yet on how aggressive they are in the small business arena. they still do lots of sba loans it appears. hard numbers are ellusive.

lots of debt matures in the next four years with a huge bubble in 2012. the governments of the world have to print enough fiat to fill the void. i assume they will prop up all those that need to be allowed to fail and not loan to any newcomers. i think that is the definition of socialism since capitalism feeds on the carcasses of dinasaurs.

maybe we can get some small dose of competency in the mid term elections.

rno

would you agree that the worst day of fishing is preferable to the best day of work???(G)

rno

Did you get a gold watch ??

Seeing as how I retired from the mine yesterday I decided to go steelhead fishing, It was a pretty good first day of retirement  as I caught 5 steelhead. Now if my pm stocks would only cooperate and start moving up retirement would be realy great not that it hasn’t  been to bad so far.

Computerworld - The FCC’s National Broadband Plan, released today, calls for a new “minimal” fee on all U.S. broadband users to help pay for a new $16 billion nationwide emergency response wireless network.   

 http://tinyurl.com/yg9c8o5

It is important to keep in mind the difference between the natural rise and fall of prices as they seek to reflect the result of supply and demand all along the supply chain.

It is tiresome to see nonsense posted as thought when it has been shown in simple terms that rising prices do not necessarily represent inflation.

There. Deflated. Wasn’t that fun.

I don’t know who cited this, but I think it sums up the conservative side rather well.

“The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the presidency. It will be easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to an electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails us. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The republic can survive a Barack Obama. It is less likely to survive a multitude of fools such as those who made him their president.”

I figured you would be first to respond

CHICAGO, March 16 (Reuters) - U.S. food prices are seen rising 4 to 5 percent by the end of this year largely because of higher prices for beef, pork, and dairy products, an agricultural economist said on Tuesday at the Reuters Food and Agriculture Summit in Chicago.

“We have beef, pork, and dairy prices all increasing substantially since December, in the area of roughly 10 percent,” said Bill Lapp, economist and president of Advanced Economic Solutions. “Because food manufacturers and restaurants tend not to be philanthropic organizations, they are going to pass those costs on to their consumers.”

As a result, he predicted food prices could be 4 to 5 percent higher by December than a year earlier.

-END-

By Ambrose Evans-Pritchard
Published: 6:31PM GMT 21 Feb 2010

snip:

‘ EMU is slowly suffocating boom-bust states trapped in debt deflation, acting in the same perverse and destructive fashion as the Gold Standard in the 1930s.

‘ Gold rules were simple: surplus states loosened, deficit states tightened. This preserved equilibrium. World War One shattered the system. The US was not ready to take the guiding role from Britain.

‘ The dollar was undervalued in the 1920s. America ran vast surpluses, like China today. So did France, which re-pegged too low. Both drained the world’s bullion. Yet neither loosened: the Fed because Chicago liquidationists ran amok; the Banque de France because its post-War brush with hyperinflation was still fresh.

‘ Adjustment fell entirely on deficit states such as Britain. They had to tighten into the downturn, feeding debt deflation. Global demand imploded on itself until the entire system collapsed. … ‘

‘The European Central Bank is letting deflation run its course. Business credit is falling at a 2.3pc rate, while M3 money continues to contract. Frankfurt says demand for loans has slackened, so this does not matter. We will find out. ‘

www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7285945/Europes-monetary-union-has-become-an-instrument-of-deflation-torture.html

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My comments: There is more, and it is clear that deflation has developed.

hummm, let me think…….

I got it,   Fully subscribes to all their newsletters! 

Nadler and Nenner and Prechter and Guarino and Rosen !

Great work on your videos.

Here’s a link to the maths behind the physics. Also very well done.

911blimp.net/prf_FreeFallPhysics.shtml

I know you’re not going to listen to me.

I’m going to say it anyway, because as a concerned citizen of The United States of America, I must.

You are making a grave, perhaps nation-ending mistake.

Attempting to “deem” the Health Care bill passed when it has not actually been voted on is not Constitutional.  Article 1, Section 7:

All bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.

Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States; If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who shall enter the Objections at large on their Journal, and proceed to reconsider it. If after such Reconsideration two thirds of that House shall agree to pass the Bill, it shall be sent, together with the Objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a Law. But in all such Cases the Votes of both Houses shall be determined by Yeas and Nays, and the Names of the Persons voting for and against the Bill shall be entered on the Journal of each House respectively. If any Bill shall not be returned by the President within ten Days (Sundays excepted) after it shall have been presented to him, the Same shall be a Law, in like Manner as if he had signed it, unless the Congress by their Adjournment prevent its Return, in which Case it shall not be a Law.

This is the black-letter law of the land.

http://market-ticker.denninger.net/

www.youtube.com/watch?v=mtV1kZqQmDY

By the way, the 10-year census is mandated by the Constitution. To ignore it is to commit a felony. For those of you who are constitutionalists, it would be contrary to your views to simply ignore it. However, there is no reason to answer all of their questions. The only response you need to give is a head count. Ignore the rest.

 I think it might be different this time too. The dollar looks to be struggling with the 80 level, may be the last gasp for awhile.

but his call on gold is the perfect contrarian buy signal-as gold bottomed today and is about to make its move to $2000-I never thought much of Nennner…