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Change (regime), bitchezzz!
I am not surprised by the chart. It was during the 80's when Milton Friedman's economic theories moved from the academic circles into the halls of power, hence, the dismantling of the Western industrial economies had begun.
a correlation does not mean a cause consequence relation ship and Friedman opted for smaller government, but government has only grown every year of every decade. So your remark is false on several levels.
Yeah, Keynes had *nothing* at all to do with it!
Everyone is busy selling gold/silver mining stocks after the bell, this thread may take a bit to get rolling .... Turd & Harvey are getting antsy ... ( Talking about silver/$20.00 )
Turd ...? Turd ....? Get ready for liftoff NVDA, MIPS, SPRD,ARMH ... Intel numbers are good.
.... "South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past" according to a realtor who predicted that a land shortage will support higher prices indefinitely." ......
"Trading Places: Real Estate Instead of Dot-Coms", in the NYT.
Within a month of putting her two-bedroom house in San Francisco on the market recently, homeowner Linda Gao had five offers, each one above her asking price of $699,000. So before accepting the most-attractive bid, she threw in an extra condition: If you want to buy my house, you have to feed the squirrels.
Two weeks later, she and the buyer hammered out a contract that included feeding the backyard wildlife, which Ms. Gao has done three times a week for the past two years. "I don't think it matters if it's a buyer's market or a seller's market," Ms. Gao says. "Anyone with a good heart would feed them."
Indeed, when Susan Butler was negotiating to buy Ms. Gao's San Francisco property, she was resigned to the feeding schedule. "At that point, I said, 'Yeah, what the hell, I'll feed the squirrels,'" she said. She signed a contract in April, paying $815,000 -- or $116,000 over the asking price. Will Ms. Butler actually feed her new furry friends? "Probably not," says the college administrator. "I don't want to encourage other rodents." -----"In a Booming Market, Sellers Can Be Choosers" by Amir Efrati, Wall Street Journal
Available listings as of Aug. 1 totaled 9,555, up 68.9 percent from a year ago. `That's a big number,' said Portland economist Jerry Johnson.
- "Housing boom might be kaput" by Dylan Rivera, The Oregonian.
"People who talk about a bubble are blowing smoke,"
- Michael Carney, Real Estate EconomistCalifornia State Polytechnic University Pomona.Thursday, February 10, 2005
Why are you ragging on South FL? Is that Miami or Naples?
SW FL is fine. (N of Cape Corral /int)
My buddy has a pimp place in Marco - 30ft. fishing boat. Very nice place -
Viva - Nacho Mama's
MIPS ARMH AFOP FBSR SPRD STEC all these andriod infra guys been rollin since September earnings blowouts.
BTW coooold south Fl today. Boat's tied up. Golf clubs on lockdown.
Ya my bud said as much he just came home. I hate golf, I suck.
Tablets cannibalizing laptops in a few years they will be in the dust bin' of time. ARMH geez who knows how high that will go .... I will look into the others, thanks. Wait till it hits overdrive in the summer with all the new tablets coming online, also the new smartphones w/4G ... The new LG Revolution is pimp'
its cold today, but the warm tought that everywhere is much colder warms me up.
We will be in 70+ by the weekend.
And as for the market in South Florida... down 67 %
Just keep the snow birds away. Don't need anybody down here that didn't live thru Charley.
As a resident of SF (In the Mission) I can only laugh at the additional condition of feeding the squirrels. How very San Francisco! LOL
I received my undergrad from Cal Poly and always thought that Carney was full of shit (had him twice). Thanks for the quote!
The Bernank told a panel Thursday afternoon he is "optimistic" and expects the U.S. economy to grow at a healthy pace of between 3% and 4% this year. The Bernank also said the key U.S. jobs situation is improving.
The current version of the Ben Bernake also told CNBC that he "did what he did to help the most people possible." Ben Franklin had a rebuttal, and an illegitimate child.
It is time that academia create a degree higher than PhD for the sake of good writing and student loans.
The current version of the Ben Bernake also told CNBC that he "did what he did to help the most people possible."
Wowsers! That's the biggest lie evah!
it's a parabolic bubble of liars lying!
Its a lie derivative= a scam
He's living in a world with not a lot of people in it.
You, me... we don't mean anything to people like him.
And when he talks about "as many people as he could" he meant: All his fishing and golfing buddies. Yes as many as he could.
In the Bernanke's world. People have a minimum of 10 million dollars. All others are Peons.
We are the collateral that gets damaged in Ben's world...and ten x's so for the poor of the world set to starve due to Merica's massive exportation of inflation.
Are you questioning my memory of a CNBC bumpber advert? Or whether the Ben Bernanke has something solitary to gain from printing a $500 bill? (face TBD)
Are you questioning my memory of a CNBC bumpber advert?
not at all. it takes a mighty big whopper from the bernank to catch my attention. this is like late stage zombie fascism propaganda from some undead central bank specimen jar. egad.
INTC rev is bullish. They sold something.
Sealy is a big miss: people aren't sleeping very well.
But Consumer Reports CONfidence is high!
I'm wondering how much the R&D tax credit helped.
Taxes 24% vs 31% expected. Nice little 7% save on taxes.
...... & deliberately ignoring the DEPRESSION. deliberately ignoring poverty in this country. it's all psychological. wasn't that LARRY SUMMERS into management of perspective economics (m.o.p.e.) bigtime ? it's all about giving the illusion that everything is O.K. The percentage of people left in this country that can afford to live a decent life is getting smaller & smaller............. this isn't going to end well for anyone !
Federal Reserve imposed demand floor, bitchez!
an even bigger Soviet Union.
the problem with brain-dead competition, uh capitalism, is the same, inertia with a different set of clothing on the cronies.
So, do the rare earths take off again?
Let's Celebrate Rare Earth !
Yeah, but you think the thieves know anything past their own noses.
God damn it, the best year ever! Get bullish, you realists!
Oil, gold, silver AND the dollar dropped today. Does that make sense? I think inflation is up. hmm.. maybe I've flipped and it's time to invest in inflation.
You were 45 hours too late to the regime change.
Gold? Gold will be CRUSHED
The GDP forward print of 4% taking its toll .... The godfather is OUT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
.............. " Gold is “ overdue for a rest ” and probably will fall after a decade of uninterrupted gains that sent prices to a record, said Jim Rogers, the chairman of Rogers Holdings who predicted the start of the global commodities rally in 1999.
While gold “may go down for awhile,” the metal is “going to go over $2,000 in this decade,” Rogers, who owns gold, silver and rice, said today during a presentation to business executives in Chicago. Gold touched a record $1,432.50 an ounce in New York on Dec. 7. The price closed today at $1,387." ................
Which decade? Was he saying this in 2010 or in 2011?
Does he count 2000-2009 as the first decade?
He said it today. I posted this video last month & you could tell his feelings then ...
Jim Rogers Part 4 REUTERS 2011 INVESTMENT SUMMIT
The link from Today.
What an odd image. Would that happen if the Chinese government fell on it?
IF: inflation(x) and deflation(y) and yield(z)
the bernank can't help you if you don't buy stocks.
praise be the bernank! may the stocks be with you.
of topic - but this comment over at turds blog made my day: http://marketcyclesresearch.blogspot.com/2011/01/this-comment-in-turds-blog-made-my-day.html
Hahaha that was cute.
Reason for the violent selloff in PM stocks this afternoon:
Gold broke a key trendline and support level in many foreign currencies.
Looks like everyone is piling into chip stocks after the bell.
Gold is making an ugly head and shoulders under the trend line it BROKE A WEEK AGO!
Rogers is out. Those charts are brutal, you will see the mother of all selloffs/waterfall martin armstrong like ---- > below $1,340 - $1,350 ....
Dollar up, gold down, stocks up all year, who would have thunk it but ill keep beating that drum.
I'll pay $980 for an ounce of gold.
I'll give you $ 12 for the rest of your Silver Wheaton ....
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