serenitynow

Advanced Members
  • Content count

    518
  • Joined

  • Last visited

Community Reputation

0 Neutral

About serenitynow

  • Rank
    Senior Member
  1. Not too surprising for anyone who's followed the career path of John Corzine. Goldman Sachs CEO, US Senator, Derivatives Market Maker, Political Fund Raiser. Never good to mix a larcenous nature with incompetence. The Peter Principle writ large.
  2. I think fatwas are only declred aginst those persons where Islam doesn't have a possibility in sharing in the profits.
  3. I don't like the British generally, but that Mr. Farage has some good stuff in him.
  4. but how can rents keep going up significantly if real wages are falling dramatically? That can happen if there is a supply shortage. It seems unlikely but I'm not following that market just now. It IS true there are a lot of vacant homes that have yet to be liquidated and that might lend a bit of credence to the inflation adjusted theory. That theory goes out the window however if a big slug of inventory hits the market suddenly.
  5. said A LOT about gold. He wants to go back the gold standard and end the federal reserve. Even Ron Paul isn't so crazy as to think you can just end the federal reserve without instantly crushing the global economy. You might want to read what you write before tossing the insults. I like him for speaking from his heart. He's absolutely right about the global banking system and the way money is created, I only disagree about a Gold standard because it is not feasable given the size of the global economy. Come on. don't pull a Clinton on me and parse everything into meaninglessness. You're not a "big picture" guy are you? I've followed your comments for years now. You seem to be in favor of anything that might make your stocks go up again. Have you never considered that if that were to happen your currency might fall even further? Edit: Anyway, this isn"t the place for political rants, If you think it's important enough, maybe you could suggest to a moderator to start an American politics thread. I will never understand why Americans are afriad of concepts like Liberalism and socialism. This finacial crisis was created by rampant unfettered capitalism that manipulated the market and created the massive inequity in wealth ownership. While that wealth is hoarded there will continue to a lack of liquidity to finance a resurgent in manufacturing to Americans back to work. Its time for a Robin Hood to do the dirty work. While that's a lovely fairy tale you've spun, you ought to know there are liberal and socialist elements in the American political system. There are also deeply entrenched private sector interests. Let's take universal health care for instance. It's a worthy goal and something that any relatively rich and enlightened society ought to strive for. and God knows not the English or Canadian models either. The problem is there's no f'ing leadership in America. Those who call themselves "liberals" are beholden to all the companies that have provided health services heretofore (they love those campaign contributions). Instead they should be telling them that in 10 years you'll all be out of business, and the sooner you turn over your facilities to the government the better the price we're willing to give you. Almost nothing the America bashers ever say affects me as they usually come from a country even more berfeft of liberty and common sense, but when they disparage our medical system I can't do anything but agree. That said, on the high end, it's still one of the 2 or 3 best places to seek care if you're dying.
  6. said A LOT about gold. He wants to go back the gold standard and end the federal reserve. Even Ron Paul isn't so crazy as to think you can just end the federal reserve without instantly crushing the global economy. You might want to read what you write before tossing the insults. I like him for speaking from his heart. He's absolutely right about the global banking system and the way money is created, I only disagree about a Gold standard because it is not feasable given the size of the global economy. Come on. don't pull a Clinton on me and parse everything into meaninglessness. You're not a "big picture" guy are you? I've followed your comments for years now. You seem to be in favor of anything that might make your stocks go up again. Have you never considered that if that were to happen your currency might fall even further? Edit: Anyway, this isn"t the place for political rants, If you think it's important enough, maybe you could suggest to a moderator to start an American politics thread.
  7. For Christ's sake man, stop thinking of things in terms of Left and Right. Try starting to think about things in terms of Right and Wrong. You're fuc_king hopeless. I never saw anyone so willingly ignorant in my life. Gold? Who said anything about Gold? You make yourself a laughing-stock with your spewing out the last thing you read in some magazine. Even intelligent leftists don't feel as you do.. Maybe you should go back to the Farang Pub threads. Here are some intelligent leftists. None are as ill informed as you seem to be. They make many good points, but still they won't get all they want, nor should they. But I agree with them in the main. http://finance.yahoo.com/blogs/daily-ticker/wrong-economy-fix-181308391.html http://finance.yahoo.com/blogs/daily-ticker/used-us-tom-friedman-rx-america-groove-back-194021144.html
  8. In any case, while it is obvious this Occupy movement is in the process of being baked, I can guarantee you this is a movement of the LEFT and that Ron Paul fanatic ranter got off at the wrong stop. I like you JingThing, that's why I'm going to pass on to you the best piece of advice I ever got. I was a young 3rd mate just out of the academy. I got a job on a reefer ship running from Seattle, up through the inside passage of Canada, to Dutch Harbor, Alaska in the Aleutian Chain and on to Vladivostok, Russia. I'd been trained in everything but knew practically nothing. Going up through the Inside Passgae the first time in Canada I kept my head buried in the radar, as these were extremely narrow channels and i always wanted to be cognizant of just how far away i was from running the ship aground. In the middle of one of the harriest passages, and one with strong currents against us , and of course there was oncoming traffic, I had my head buried in the radar figuring solutions for all exigencies. While i'm trembling under the weight of my responsibity the Captain comes up and slaps me in the head. He says to me "why the hell don't you just look out the windows". I've never forgotten that lesson and It applies to every other thing I've encountered in this life. No reason to make things more complicated than they are. You can learn alot by just looking out the window.
  9. What exactly is the leftist populist message Everything that young guy said was crystal clear truth. why as an American citizen are you happy to see your currency debased by you calling for more spending and more printing ? Especially as an EXPAT American citizen! I guess he thinks itr will make his stocks go up even more than his currency falls. Of course that doesn;t take into account the tax bit which will put him underwater. Blind ideolgy is not good for anyone.
  10. When you heard Micheal Moore say "millions have suffered by the decisions of the people in these buildings" didn't you once give a thought abought those who were charged to regulate those people? That the people that inhabit Wall street are liars, charlatans and thieves has been well known for well over a century. It is the the integrityy of their overseers that has broken down and that is the true messaage of this movement. You're not going to find an answer on the Left or the Right. The answer lies in those persons and institutions with integrity. People who are vested in this system don't care about integrity, They just wants their stocks to go up again.
  11. Testify brother! Gotta say I love that kid. Yeah, that's a Left Wing movement JingThing, sure it is. Get a grip!
  12. Sue the SEC? Since when can anyone sue the US Govt. ?
  13. in a real deflation cash is king. IMO these central bankers would trear their respective republics apart befor they'd suffer a "real" deflation. Anyhow, Bernanke's stock is going up with me. he seems to realize his limitations and does his best working at the margins these days.
  14. Spending is a way to come out of a recession caused by lack of demand. That is if it is businesses or individuals doing the spending. Governments on the other hand create less than $1 in GDP for each dollar they spend. It is an exercise in futility and is like drilling holes into the hull o0f an already sinking boat. There aren't any easy answers here. It's going to takes YEARS to wash out this debt, which is what is ailing the economy (of most nations) I would be in favor of government spending on infrastructure projects however (assuming they cut spending elsewhere, or raised taxes) if it is incorporated with some kind of WPA type work program for those who have lost public benefits. Better to put people to work than extend benefits into the indefinite future. That would require a repeal of the Davis Bacon Act however and I doubt the current administration or unions would go along with that.
  15. Looks like we got the weekly gap fill which should shore up markets for a bounce: Another weekly gap at 87ish