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Just because every economic collapse has one...
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It's the greatest story never told! Goldilocks! Right, Jerry Boyer?
remember mike norman on fox, the economic contrarian? where has that asshole been lately? hmmmm.....
jerry freakin boyer, beaker, and ron dipstick insana, and last and least, the old drunk and cokehead that bombed out of grad school, none other than larry krugblow,.... all peas in the same human debrees pod...:)
I present to you Mike Norman Economics. I sh!t you not.
http://mikenormaneconomics.blogspot.com/
"What you don't realize is that for every debit there is a credit; for every liability there is an asset and for every borrower there is a saver." by Mike Norman.
Unbelievable. Just too dumb for words.
Drill, drill, drill...
BRAAAAAAAAAAK, Larry wants a cracker!
OT
The Global Warming Conspiracy Deniers are not going to like this.
http://www.climatechangefraud.com/climate-reports/5053-accuweathers-joe-bastardi-presses-case-against-global-warming-theory
Some Extra Post "Factor" Facts on Global Warming
http://www.accuweather.com/video-on-demand.asp?video=34766737001
O'Reilly, Bastardi...really?
I'm not so much focused on the CFR cocksuckers delivering the news as I am the actual message.
"News" is a big stretch- these fine fellows are entertainers (at best). Why would the powers that be want us to believe climate change is a non-issue- even if it is a non-issue?
He's Cheeky Bastardi's half brother...
"that solar activity is a primary driver of the earth’s climate"
Is a primary driver? How about the only driver of earth's climate.
I'm sure without the sun, volcanic activity would take up the slack. If you could find them under all that ice!
Where I live we currently have 20 degree mood swings in climate.
Hmmm, I wonder what living on Pluto is like without solar activity?
Well, if Ole Sol were to flicker out maybe I could get a suntan from Proxima Centauri only 4.2 ly away, or Alpha Centauri A and Alpha Centauri B only 4.3 ly away.
Here's looking at you kid, in the dark!
It's not the only driver. Venus is hotter than Mercury, despite being further away.
That said, I agree that manmade global warming is either non-existent or extremely limited.
The sun is the main driver of Venus temperatures also, the planet just keeps the heat around longer than Mercury does due to the thick atmosphere.
Not true. Radioactive decay in the earth's crust creates and maintains the earth's temperature.
"Radioactive decay of the unstable isotopes of the following three elements produce most of Earth's heat (atom/isotope refresher):"
http://geophysics.ou.edu/geomechanics/notes/heatflow/global_heat_flow.htm
I thought Oliver Heaviside predicted the age of the earth based on the surface temperatures and got the number way wrong because he didn't take into account radioactivity (hadn't been discovered yet).
Sorry kid... hate to be the one to tell you this but the solar constant at the equator is around 1364 watts/m2. Geothermal on the other hand as your link pointed out... correctly I believe is around .075 watts/m2.
99+% of our tropospheric surface temps are due to solar. The planet is basically a simple heat pump. the mechanisms that control it are still poorly understood. The oceans act as the earths primary heat sink or reservoir of thermal energy and is heated by the sun. The stuff that radiates from the crust is almost negligable in the system. Also remember that the atmospheres heat content is miniscule when compared to the oceans.
You've come here to learn and that's great. The internet is a great tool for acquiring knowledge. I was an idiot 10 weeks ago when it came to the economy but now I'm getting better.
Best wishes ~ ZerOhead!
methinks one could look at the poles of the planet to establish that warming from the inside isn't nearly as relvant as you indicate (radioactive, geothermal, etc.). Even if there were large percentages of solid land-mass under the poles (rather than ice over oceans), I don't imagine that the situation would change much. But I could be wrong.
seek the truth, and be wary of all media unless you are certain of the publisher's agenda.
cheers
Spot on Tiger...
Volcanic activity does have some effect however... like assisting in breaking up the Wilkens Ice Shelf in antarctica...
http://www.qando.net/details.aspx?entry=8190
Remember the breakup of an iceshelf is not the same thing as it melting. On a very cold winters day of icefishing the sound of the pressure cracks fracturing can be startling.
As ice freezes it expands remember.
"As ice freezes it expands remember."
As ice is already a solid, it is tough to freeze ice twice, remember.
Water does expand when it freezes, correct.
And continues to expand as it gets colder still...
Coefficient of thermal expansion of ice buddy... it's at the bottom here. Plus you also do get the freeze/thaw cycles from the meltwater as well. Meltwater refreezes in the glacial fissures and promotes calving. Hey check out Bismuth thats a cool metal. Expands as it solidifies from melt.
I've been wrong before but don't think this time... good material to think about though...
http://www.its.caltech.edu/~atomic/snowcrystals/ice/ice.htm
-Donald Peattie-
(Fishers Gap, Virginia 1926)
"We felt meditative, and fit for nothing but placid staring. The day was ending in a serenity of still and exquisite brilliance. The water shone pacifically; the sky, without a speck, was a benign immensity of unstained light..."
"And farther west on the upper reaches the place of the monstrous town was still marked ominously on the sky, a brooding gloom in sunshine, a lurid glare under the stars."
I wonder what Kudlow is paying for an eight ball these days--probably gets a cnbc discount in front of The Trinity Church
Casey Jones
The Grateful Dead
Drivin that train high on cocaine
Casey Jones, you better watch your speed
Trouble ahead, trouble behind
And you know that notion just crossed my mind.
This old engine makes on time
Leaves Central Station, quarter to nine
Hits River Junction, seventeen to
Quarter to ten, you know it's drivin again
chorus refrain
Trouble ahead, oh, lady in red
Take my advice, you'd be better off dead
Switchman sleepin, train hundred-and-two
Is on the wrong track and headed for you
chorus refrain
Trouble with you is the trouble with me
You got two good eyes, but still don't see
Come round the bend, you know it's the end
The fireman screams, and the engine just gleams.
Silver analyst Ted Butler just used this song as a quote into one of his articles. Not the whole song mind you but part of it. Gotta love the Dead! :)
Long live the Dead!
Uncle John's Band
Well the first days are the hardest days, dont you worry any more,
cause when life looks like easy street, there is danger at your door.
Think this through with me, let me know your mind,
Wo, oh, what I want to know, is are you kind?
Like Tom Hanks in BIG, I have to say "I don't get it". It's just that I have no idea if awful is worse than horrible - always thought it was the other way around. What’s bigger - gigantic, monstrous or colossal? Hmmm, and Kudlow has multiple personality disorder regardless.
"I don't get it" either. All the graphs are going straight down, and awful is worse than bad (IMO). Is it funny because he's calling it as he sees it to the Optimists Club, like someone telling the truth on CNBC only to get laughed at or interrupted?
I know I've been overusing this series of late, but I found this to be more illustrative of both ZH's commentary and the current situation:
"You can fool all of the people all of the time if your effects budget is large enough."
http://guncarryinglibrarian.files.wordpress.com/2009/07/accomplishments.jpg
If you haven't seen these yet, check out the source site in the picture.
Liked it
Ha ha ha ...
Bad>Awful>Horrible in ascending order of plain terribleness as I see it.
I think the gist of it is is that even that while things are not going down as fast on the awful leg (now) as it did on the horrible leg...
The motherfucker is still falling and it's spun as a good news story!!!
Put another way... you're in the hospital in intensive care with a life-threatening ailment. Your condition deteriorates, then deteriorates again... is your family happy?
The potato "spud" recovery.
Dig deep enough and you'll find it.
It's probably somewhere between hell and China.
Poor Larry is going to have to shore up "king dollar".
If Kudlow is president, then Brian Wesbury is vice-president...
L O L ... double L O L ........ that was the funniest comment of them all & I'm rolling with laughter ....... thanks for making me laugh today. Sincerely.........
Wesbury's not alone...he's just one of the prominent ones out there.
Larry likes to view the steepness of the UST curve as indicative of bank's earning capital from higher Net interest income..just ignore the broader issue of the problematic assets on the balance sheets, as they will resolve themselves.
hooray..cupcakes for every one.
Wesbury, on the other hand, chooses to ignore the significant amount of output slack in the current economy and was even doing so in August of 2008. A fractured financial system escapes the both of em, and a quite a few more.
Hope I'm wrong, but just can not be too excited about prospects for 2% GDP
HA!!! One of our very own ZERO HEDGE posters makes the front page of the Washington DC protest today with ten of thousands of pissed off Americans:
http://news.yahoo.com/s/ap/20090912/ap_on_re_us/us_taxpayer_rally
I had read that article earlier and now I read it again - then I got it! We'll have to get the post mortem on the experience from him. Wish I was there.
Man zero hedge is awesome. It's like a rampaging parallel processing news, stock, politicial analysis machine.
yes, I also just love this website. We are lucky to have such a wonderful website & owe the creator of this website our respect & appreciation. Thank you to the creators of this website. Sincerely .........
Better not feed his ego too much, next he'll be asking for money to run for the senate!
That would be totally awesome...Peter Schiff in Connecticut, and Tyler Durden in (persumably?) New York!!!!!
We should be so lucky.
know something? even kudlow would click on the ads.
do not be a dick
the zero hedge ads must click
or servers are phucked
I know the jig. Before my real estate career I did 10 years as an application programmer - no web stuff. Worked in regulated environments - FAA and FDA. ZH is hosted. They could actually host from the bunker, but then they would have to hire guys like me - and we would rake them through the coals. Tech guys can't be trusted. They learned the craft from the distinguished Ken Lewis.
Oh!, and they wear briefs - so back to mama when it gets rough.
Damned subversives :)
Larry is a Flat Taxer, a recovering substance abuser and also an excellent counter indicator. Next.
Plus he's a great listener. You just know the man's intellect is giant and all econompassing by how much information get's inside his brain while he's screaming at people to say what he want's them to say.
And the screaming comes from an enormous, lipless mouth that never smiles, never relaxes, but is forever vigilant in its eagerness to deliver "The Sacred Message of Greed", to shout down anyone even hinting at another opinion. His agitation seems to be the product of an unimaginative, monomaniacal mind, maddened by money-talk. Cast in an old movie about rapacious cannibals he would be their chief, at the head of the table, with a thin line of blood circling his enormous, lipless mouth...
How are you people not getting this? We have 80% employment in this country and that is not bad at all. 8 out of 10 people working 33 hrs per week. That's very respectable. 401k's are maintaining 70% of their value there are more than 10 states that are solvent. Meanwhile, most homes are UP...from 10 yrs ago. What's the problem? 90% of homes are current on their payments so get over it. One third of the Big Three is NOT in bankruptcy, so stick it you fear mongers. When it comes to banks, let's not forget Paretto's Principal, which says that 80% of their principal is STILL worth 20% even if marked to market (not to be confused with Paretto's Principle, which is the OTHER 80/20 rule). Even my staunchest critics cannot deny, and openly admit that I am 50% witted, which proves the validity of my points. To those of you that have launched personal attacks, I will say that 94% of the time I do NOT wet the bed and 88% of the time there are NO penises in my rectum. My wife is faithful 75% of the time and 68% of the time, I am completely drug free. Please forward any rebuttals to larrykudlow@hotshemale.com
Regards,
Kuddly
lol...
Unfreakin believable McLuvin...
You really deliver with numbers like those. And unlike the other shills your numbers do not lie. CNBC is nuts not to give you your own economic analysis segment.
Keep up the good work... and keep giving me more McLuvin!
i bet the mid morning cn bullshit babes hate it that they shifted that loud mouth overbearing asshole to mid morning to hog all the conversation during their time slot.
if you looking for something intereting, go to huffpost and look at the pictures on the headline of the tea party protests in D.C. today.....it would appear that things are really, really getting contentious.
They could have chief national local legal economist historian policy expert Steve Liarsman in which case "bad" has gone to "fantastic".
drill, drill, drill!!!!!
Deadhead, thnx for the huffpost. Contentious alright. The following has been circulating too. Don't know if anyone else here has seen it.
There are not enough ROFLMAOs to cover that one!
No doubt. Funny but very wrong.
http://www.suntimes.com/news/metro/blagojevich/1767469,christopher-kelly...
chrisopher kelly, aid to former governor blogojevich of illinois, found poisoned in lumber yard, died this morning. hmmm, loose lips sink ships. rahm's boys took care of this loose cannon on deck......just another day in the obama chicago machine.
Mr. Kelly just got convicted of $8.5 million$$$ worth of graft. Where is the money?
The eight point five went to the new obamacare - whaddaya think paid for Kelly's aspirin?
Will Sarah Palin's latest grandchild be covered under the new Obama healthcare plan ? Is that why she is so riled up ?
This is probably as good a place as any to shamelessly post a link to a pretty good - IMHO - post over on The Oil Drum that has all sorts of applicability to ZH to varying degrees.
http://campfire.theoildrum.com/node/5775
"
A FICTIONAL PRESS CONFERENCEJim Lehrer: Ahem. If we could get started folks - please everyone take their seats. We've arranged this joint press conference/interview to set the record straight on some issues critical to the future of every American, and even every citizen of the world. Though lacking in organization, there has been a dramatic rise in the number of bloggers, private analysts and internet forums claiming that the recent peak in oil production was a hoax, that there are in fact no limits to economic growth, that fiat marker capital accurately reflects remaining available flow rates of natural resources, and that capitalism and democracy actually could permanently improve the welfare of all the worlds citizens without fouling our only nest. With me today are legendary social muckraker Warren Buffet, oil expert Daniel Yergin, and former Treasury Secretary Henry Paulson. Gentlemen: what do you make of these assertions?
Warren Buffett: Well, if I may start Jim, these folks are extreme to say the least. We all learn in school there are no perfect substitutes and that a marginal unit pricing system is completely ineffectual at predicting long term scarcity. I think these online blogging battalions ought to look at the real world for a change - can't they see wide boundary limits to growth with their own eyes? The only time to buy these naive theories is on a day with no "y" in it.
Daniel Yergin: I totally agree with Warren. With respect to oil, these bloggers claim that conventional media coverage of the oil supply fears in the 1880s, at the end of World War I and II and again in the 1970s were unneccessarily alarmist - in reality these were valid long horizon warning signs of technology advancing, but not keeping up with, depletion. This is a misunderstood position: CERA has never claimed we were physically running out of oil, only that the bloggers' 'Asian Phoenix' and other fantastic scenarios do not incorporate rising costs, receding horizons of non-energy inputs, and environmental impacts. These internet analysts are well intentioned, but frankly just don't have the training our people do needed to understand these complex systems.
Jim Lehrer: Mr. Paulson? What do you have to add?
Henry Paulson: There is a long history of social malcontents thinking we can have unlimited growth, develop some perpetual energy machine, or completely replace primary wealth (like oil and forests) with tertiary markers like stocks, bonds and derivatives. Science has pretty much closed the door on these faith based views of our planetary systems. I think it is a danger to the stability of our steady state system to allow these type of fringe views to permeate our media.
"
There's more...
Pete
Had me there for a second, cuz I was reading from the bottom up.
You can’t separate economics from politics. And on the political front, volatility is raging.
The politicos and financials are pulling out all their propaganda stops trying to save Obama. It’s just a September push to make it look like there’s a recovery so Wall Street can masquerade the unbelievable dangers and economic black holes on Main Street.
Obama is in trouble. Obama is giving a speech on the economy tomorrow from Wall Street and his point will be that what he did pulled the economy back from the brink. He and the oligarchy for whom he speaks are trying to side track all the talk and grumblings that the nation is mired in multi-trillions of deficits, that the Obama Administration is way over its collective head in spending, that the Congress is legislating additional incredible waste and deficits on the backs of the middle class with Obama healthcare, and that all these government programs are way out of control, even as Congress keeps its proverbial foot on the proverbial accelerator.
At the same time, Obama has Democrat Party problems with the new Korea (Afghanistan).
Obama aka Wall is trying to show that, while everything is getting fixed, we had these awful problems and deficits because of the Bush years, and, now, what he, Obama, did, and what the Greenspan/Bernanke Fed did, is just starting to work and everything’s going to be fine; we will no longer have to transfer wealth to bail out the banks because the banks are in recovery. And if the banks are happy, everybody’s happy, even their donors.
Will the infamous early 2009 patented "Obama short sale" resurface on Monday September 14?????????