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I don't believe much of what these guys put out these days though.
I count on the kindness of internet strangers to let me know if their lies are big ones or small.
When you have complete global control why worry...it's when all the sheeple come back you should start to worry...until then...party on Garth!
Oh yeah...on this:
"The two-year cost of the plan, estimated at about $850 billion, would further swell record federal deficits."
Of all the things I miss about the English language, it is it's words meaning something.
There is no cost of the plan...outside of unemployment benefits being extended.
Someone keeping the money that they earned, now apparently "costs" government something they would not have had to pay out otherwise?
I don't know what those words mean, so therefore I can't elaborate on what it might mean to someone else besides a bureaucrat.
Agreed, pretty retarded. Nor would the extra revenue show up if they did raise taxes, except maybe in China.
<insert melodramatic sigh of Olympian despair here>
Dare I then argue that as unemployment premiums have already been collected from those now unemployed 'there is no cost of the plan' there either because those who receive unemployment benefits have already paid for them? Essentially it's just a matter of someone having renewed access to money they've already earned.
"...See how that works?"
Bring on the junks you buncha duped yappy elitists' lap-dog scum.
<insert facepalm here>
Your position fails because the unemployment insurance premiums were paid for a benefit of fixed duration, not infinite duration.
nobody is proposing 'a benefit of infinite duration'. So my argument holds, thanks for enhancing it.
"Of all the things I miss about the English language, it is it's words meaning something."
Speaking of the meaning of English words, 'irony' comes to mind....
Is that thing written at a 3rd grade level? The first three pages are so repeat themselves quite a bit. Austerity is the best way forward, huh? Tell that to Prince Charles and the other "Tory scum."
Tyler translated it with "Bing".
SocGen HAS to be optimistic: They are in up to their necks in the PIIGS, and by now No One is going to buy that . . . stuff from them. ECB has its hands full just bidding the rollover.
Why read it ? Did we honestly think that 1 year ago, that governments would have embarked on their current path of continued printing. There's no end to the absurdity. These guys sit in their offices and put out this bullshit to justify their $1mm+ paychecks. It's not worth the ink used to print it. We all know that banks are broke, governments are broke, and middle classes around the world are broke.
It's as simple as print (as in QE2...3....4...etc) or don't print. Don't print risks riots and political instability. Print means that hyperinflation is a huge risk. Price charts tell the story of the day. Everything else is meaningless bullshit and opinion. Trade the price.
Elasticity of demand for UK Treasuries is skyrocketing!
They make it sound like fun. WTF.
I hope that those appropriately equipped who are Man or Woman enough for this Human Force are following-up on their own. Gut check, folks.
It's a shame to see the kids falling on our behalf:
Iceland is actually doing better now. Be better to default on the banks. Their problem, not sovereign one.
Best to lead than follow that dynamic fo sho
Thats right and it looks like default has a chance in Europe.
It apparently pays to go first - later your problems are yours and its everybody for themselves.
You can't trust the street on any of this as the are in it up to their necks. They need to talk about the sun coming out in order to off load a lot of crap.
Probably written by a rogue trader.
What kind of debt will be sold in 2011?
Hardly any. Plenty of junk will be swallowed by the Fed, but that's not the same thing as sold, now is it?
10/31/08 Global Credit and the IMF Short-term Liquidity Plan
The Levin Institute
Austerity -> Riot -> Default
Inflation -> Riot -> Default
Default -> Come Back from the dead -> Default -> Come back from the dead -> Riot riot riot -> Default
Flow chart bitches!!!!
Look at page 62. It shows a projected 2.0% ten-year US treasury yield. What are they smoking? Try 4.0% Sherlock.
Amazing how much good stuff the European commercial banks put out.
My favorite is Danske Bank. They do good work.
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