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Who caused San Diego's massive power failure September 8?
Nan, I'm a very nice person and am not mean, nor am I arrogant. You might perceive me as being arrogant because he's debating me in my job sphere and debating him regarding markets, economics, finance, statistics etc. is like Derek Jeter playing baseball with a T-Ball player. I don't suffer fools gladly. If a non lawyer debated the puppy in the legal arena, or a non MD debated a doctor in the medical arena, one would probably come away with the perception that they were arrogant also, especially if the non person was so wrong about everything to be laughable. My antipathy for the pup had its genesis when he started the whole shebang a few months ago with scurrilous, ad hominem attacks on me. I love vigorous debate, but when the name calling starts, I am more than willing to take the gloves off.— October 17, 2011 5:38 a.m.
San Diego unions push transaction tax
Oh I agree 100%, but the public should be educated as to how much they are getting ripped off by having governments having the monopoly on money.— October 16, 2011 10:22 a.m.
Who caused San Diego's massive power failure September 8?
Whereas I could probably give an econ professor a few pointers, I would not expect you to be able to do the same with a statistics professor.!hehehehehehe— October 16, 2011 7:49 a.m.
Who caused San Diego's massive power failure September 8?
Maybe, but there are many records of banking in 2000BC in Assyria and Babylonia. It might go earlier than that, if one considers discounting and acceptances to be a form of banking. Interesting thing said in Matthew 21 about robbers....Jeremiah(7:11) said the same thing 600 years earlier when there were no money changers in the temple. Big difference between thieves and robbers.— October 16, 2011 7:46 a.m.
San Diego unions push transaction tax
I never thought fiat money was based on trust, I thought it was based on decree. Because it's a product of governmental regulation, trust is pretty low on the totem pole as far as fiat currencies are concerned. Since "all" currencies are losing value over the long term, I think the only trust is that the market trusts that they will lose value. Personally, the fact that the government has a monopoly on specie is the biggest rip off of the public there is. Ideally, there would be private specie, competing, and let the market assign values. But I'm not going to go off on this because I could go on for hours and hours.— October 16, 2011 4 a.m.
Who caused San Diego's massive power failure September 8?
Absolutely, unless you can trade them with really, really high margin.— October 15, 2011 3:17 a.m.
Who caused San Diego's massive power failure September 8?
If inflation surges....bonds tank....the value of them tank, but not necessarily the price.— October 14, 2011 12:54 p.m.
Who caused San Diego's massive power failure September 8?
From outward appearances, one might think the bond market was looking for deflation. However, this creature isn't following any playbook of the past and one could make a case that the high bond prices are a function of the extra money supply, the Fed buying much of the issues etc. Much of the demand is also banks etc putting money in bonds because they can get a yield....any yield out of them. Seriously, you can get 1% out of the 5 year and 3.75 out of the 30 year. This bond market has me very confused....During the Weimar, bonds lost 99.999% of their value, but still traded at extremely high prices and went up in price....Like the USZ is doing right now. I'll just have to admit to a lot of confusion on this one. Whatever happens, the only sure thing about all of this is that it is really going to be ugly....1874 ugly.— October 14, 2011 11:39 a.m.
Who caused San Diego's massive power failure September 8?
Deflation is a very good possibility and I have assigned a probability to it, but my probability for inflation is higher. That doesn't mean I'm right, but the market will ultimately give us the answer.— October 14, 2011 6:08 a.m.
Who caused San Diego's massive power failure September 8?
Interesting, but deeply flawed power point to a paper that Carmen Reinhart did for the IMF on debt reduction last April. http://www.imf.org/external/np/seminars/eng/2011/… I agree with her major contention that we'll probably either see an episode of inflation or financial repression or maybe both.— October 13, 2011 10:51 a.m.