Comments on: Notes From Underground: Elections, Court Rulings, and Other Tales of Ordinary Madness

By: Joe

Joe — Tue, 11 Sep 2012 17:30:47 +0000

Gary Kaminsky’s chart is quite a contribution in that it recognizes a larger chunk of important history, unlike most contemporary commentary that ignores anything that transpired before the advent of commercial radio or air conditioning. When I see long dated comparisons, one thought that first comes to mind is that they transgress 2, perhaps 3, totally different monetary systems. If memory serves me, I believe a “normal” yield curve was inverted in the time before the Fed, and that did not seem to impede innovation and growth.

By: i'm not here

i'm not here — Tue, 11 Sep 2012 03:29:04 +0000

Not a word about a corrupt Congress, not a word about the rule-of-law.

Outstanding debt will soak up any GDP and any taxes. We need a reset, banks have to fail, bond holders have to take losses. It is going to happen anyway. Socializing excess income of the little people and charging them for losses from bad corporate bets is doomed to failure.

Notice how Republicans shut out representatives of Ron Paul, Newt, Herman Cain, etc., like their ideas never even existed. It will be more of the same with either choice for President.

By: Rick

Rick — Tue, 11 Sep 2012 03:26:49 +0000

*Interesting… as in true Tasty Trade fashion (“Interest Rates are Interest…ing.”)

By: Rick

Rick — Tue, 11 Sep 2012 03:24:47 +0000

Interest rant by Stockman. Wish he had been on a Sunday show so he could at least finish a sentence or two. Only complaint: the Fed Chairman does not serve ‘at the pleasure of the President’. By design. If Romney were to get through the increasingly difficult electoral odds, he could not, as Stockman prefers, “fire Bernanke” on day one.
Also, I continue to resist the “broccoli analogy” from the austerians: the truth is in that sidelong comment from one of the commentators “everyone is in repair mode”. While I fully appreciate the “pushing on a string” futility (and accordingly like your idea of negative IOR… it at least warms up the bankers pedal extremities), the contrapositive is not the logical conclusion (“hmmm, lowering rates hasn’t worked, therefore, raising them will! (not. or at least, not as a consequence of logic…)
Thanks again for sharing, and for your consistently edifying insights.
Rick