If you want to see where it came from, go to Amazon.com and get Homer and Sylla's book, "A History of Interest Rates," which is the most complete guide to ancient prices, exchange levels, discounting rates, Banking, bonds, grain prices, gold prices etc. http://www.amazon.com/History-Interest-Rates-Four… This stuff is not on the internet, but just because it's not on the internet doesn't mean it's not true. Furthermore, it's only around $50 which I suppose to a guy with a big internet d**k like you is chump change. — October 12, 2011 8:32 a.m.
Who caused San Diego's massive power failure September 8?
You might have time to read Menger's quick little book published in the late 1890's on the origin of money. 50+ pages and a little gem. http://mises.org/books/origins_of_money.pdf Highly recommended.— October 13, 2011 6:46 a.m.
Who caused San Diego's massive power failure September 8?
Just looking at a little beach house. I don't do complicated deals like stadiums etc.— October 13, 2011 5:22 a.m.
Who caused San Diego's massive power failure September 8?
I post whenever I'm inspired. Right now, I'm in LA looking at some property so I'm not doing a lot of posting this week.— October 12, 2011 5:55 p.m.
San Diego unions push transaction tax
The Fed might keep shoveling in liquidity, it might not. That is for the bond mavens to decide, not the Fed. They might keep the printing presses going in overtime, but that is not necessarily considered liquidity with nothing behind it. I assign a high probability to a debasement like during the 1923 Weimar Republic as described in Fergusson's book, "When Money Dies." http://www.goldonomic.com/When%20Money%20Dies.pdf the full download here. The saving grace for the dollar might be if the euro disappears, and there is a better than 50% chance of that happening within the next 8 years. Stuff like linking to Fergusson's book is sharing....not answering stupid questions like the price of wheat in 120BC...which I answered even though I should not have dignified the leading questions with a response.— October 12, 2011 2:34 p.m.
Who caused San Diego's massive power failure September 8?
Nan, I'm sorry that I didn't realize that others would be reading this. I got carried away and I was addressing Mr. Bauder, and Surfpuppy who would argue with me if it were daylight out and I said the sun was shining. Mr. Bauder said he was too busy to look the things up himself. I understand his position, although it might make a good column, or at least a blog entry and would teach him to return to the roots where reporters actually question the common wisdom and use more sources than what the other reporters are saying. I frequently find people wanting my opinions and information without a quid pro quo. I like the way that guy you linked shares also. I was willing to share, but the data I have shared is not read, ridiculed, discounted, or completely ignored. Furthermore, since the general consensus from the peanut gallery is that I'm wrong about everything, why bother to share?— October 12, 2011 2:24 p.m.
San Diego unions push transaction tax
Rich is 100% right that the public should stay out of the markets. I will add another caveat....people who are fascinated by the market, think they know a little about the markets....they should really stay away as they know just enough to be dangerous. I would go one step further and even stay out of those investments for the IRA or 401K that are guaranteed for the principal to never go down....the numbers might show them never going down, but if they are dollar denominated, the values will go down significantly, and there's 99 years of data showing the dollar losing most of its value.— October 12, 2011 10:02 a.m.
Who caused San Diego's massive power failure September 8?
I'll tell you what, it might be a good intellectual exercise for you to find them yourself. Too much spoon feeding going on here.— October 12, 2011 8:41 a.m.
Who caused San Diego's massive power failure September 8?
Little puppy, please explain the mechanics of the economy recovering and lending picking up and causing inflation to zoom through the roof. Inflation 1923 Weimar style? Inflation 1946 style? What kind of inflation are you talking about? Couldn't one make the same case for a 1874, 1905, or 1933-38 style deflation? Remember, inflation was pretty high in 1928-29 before the deflation. Same thing in Japan and other places.— October 12, 2011 8:40 a.m.
Who caused San Diego's massive power failure September 8?
Frankly, I suspect that the bailout is much higher as evidenced by the action in the yield curve, the bond and currency markets.. Do they have good risk controls...perhaps against a 100 year storm but not against a catastrophe. This wasn't a catastrophe yet, but give it time with a little more government intervention. But then again, this crisis is nothing compared to 1873 when 90% of the banks went belly up.— October 12, 2011 8:35 a.m.
Who caused San Diego's massive power failure September 8?
If you want to see where it came from, go to Amazon.com and get Homer and Sylla's book, "A History of Interest Rates," which is the most complete guide to ancient prices, exchange levels, discounting rates, Banking, bonds, grain prices, gold prices etc. http://www.amazon.com/History-Interest-Rates-Four… This stuff is not on the internet, but just because it's not on the internet doesn't mean it's not true. Furthermore, it's only around $50 which I suppose to a guy with a big internet d**k like you is chump change.— October 12, 2011 8:32 a.m.