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on dKos, trying to pick a fight with Gleen Greenwald re:Libya.
Well, I have been following this a bit (Libya, not US pundits of the New Left) and according to my impression, the 3 major war criminals were, in this order per suspected number of civilan dead:
1. Gadaffi regime, in trying to suppress popular dissent,
2. Gaddafi, in giving personal order to get all N-words out on the Mediteranean, northbound. In Libyan craft, meaning they used the most unseaworthy and old they … read more
Guajardo et al. “Why (and How) Austerity Kills” (IMF, 2011)
Howse “Why Regime Debts Are Not State Debts (and Neither Are Corruption Debts)” (UN, 2007)
Sproul “Why Zimbabwe Collapsed and the US Didn’t Despite Neither Having ‘Solid’ (i.e. fossil) Money” (UCLA, 2003)
Hutchinson “Most Overlooked Use of the Word “economics” in the History of Knowledge” (Yale/AMNH, 1948)
The present global economic woes, at least, should be largely solvable based on this.
After all is said and done, burn everything. Dump the ashes into the … read more
I expect the DAX in the mean term to remain below 5600 ticks, or at least not to go freely above 6K.
Perhaps - but it used to be more likely 2 weeks ago - there will be a major crash soon. Say DAX 4-4.5K. But if so, a rebound to DAX 6Kish is almost a given.
In general I’d guess there will be a tendency to stay with high volatility and major swings, but remaining roughly in the DAX 5-5.5K corridor.
That … read more
I have played around a bit with the Hang Seng and others.
If these are sufficient proxies, China can save the world economy 0-1 more times.
It will be interesting to see whether humans will be forced to suspend their disbelief of the things they will encounter, or whether they can uphold it until they are gang-raped by reality, thermodynamics and evolution.
Even though the data are rough (as in “it has been a rough ride”), extrapolating the Hang Seng from the 1990s’ … read more
Actually, it’s a folk myth[de:].
The crazyshitness quota is quite high[de:] these days, as you have heard. If they will talk of the 21st century world revolution afterwards, we’re already in it. It is quite unlikely that this can be stomped out anytime soon. Particularly since the hottest years of this decade are yet to come (remember the temperature curve lags about one year after the radiation curve).
As a side note, 2013 is the year of the scheduled Federal elex. However, … read more
Hanging tough at Hill 431 with the publisher of a major newspaper (To be ’splained below)Image by fritz13.
Dax floating free above the train wreck (but still within grund effect I presume — TINA was a capitalist whore all along after all). DJIA is so-so, definitely not off the ground. N225 remains groundbound essentially.
Them sandniggers are getting restive, and neither Sammy not Johnny (nor the Kaiser nor anyone else) can seem to hold them at bay. Too bad too that it’s … read more
I was about to write “DAX smashes 6.5K, rising and holding.” Well I presume it will try to hold, and probably manage to hold on for a few. But we’ll have to see and wait, wait how this Ireland/Portugal/Cyprus thing turns out.
This, by the way, will give you an indication of the sheer size of it all. When did you first hear about the “Celtic Tiger”’s problems? Some time ago, you may distantly remember.
Well, that’s how long it took. Gauges … read more
So, on May 20th, 2010, I said in a private conversation (that was duly noted down) regarding the economy:
the significant index values of the coming ?weeks:
dax 6500 and rising
djia 10000 and falling
Meaning that until one of these marks is breached, and robustly so, the global economy will remain in limbo, and other matters of concern may be leisurely regarded as utterly more important.
Almost 3.5 months later, I have no reason whatsoever to change my opinion on this issue.
The last week … read more
It will be pretty interesting to see how Capitalism will digest that Greece thingy. And to see how many of the PIIIGGS will go down before this is over.
In any case, those that had already deadsaid Teh Kryzys[en:/pl:] stand corrected.
Big things do need a lot of time to proceed after all. And it is not like we could not have told that this’ll take some time, ね?
As regards the funny things in life, Jane Buergermeister’s[*] lil old click-grabbing … read more
German speaks you.
Ich bitte Sie, Herr BeBeZeh-Mann. Bei allem Verständnis.
Not much more needs to be said.
The People had enough at last.
They had been fed up for just too long. Despite all this grand populist BS from their exalted leadership — the undynamic duo at which half the world poked fun — about lowering some tax or another or shit, the economy was a mess, the exports had plummeted, major domestic banks were avoided on the financial markets like the plague, unemployment remained high and if anything rising, wages remained low, and without all those soup … read more
(Too pissed off of the universe to add links right now, also need to run some PCR 2mo’. Maybe l8r.)
A month as uneventful as it was full of summer heat and monochrome karma.
Kim the Lesser’s guys have assembled some more rockets in NKorea and are showing off. Everybody is pissed, except the NKoreans, who are partly elated and partly… … I don’t expect it to matter to their daily lives too much.
Peace in Sri Lanka? I fear not — though … read more
GodmodeTrader.de[de:] predicts that the DJIA will now try and rise beyond 9,061 ticks and if it makes 9,400 it’s BULL TIME YEEHAWW. Otherwise, he says, it is also likely (but less so) that it stays below 8k. IONO. Neither looks very reasonable to me. The trend lines that circumscribe the meso amplitude of fluctuation (months) look good to me. The rest is… well, it might work in times of peace.
I note that the micro amplitude of fluctuation (days and weeks) … read more
This year has had some funny weather that far. Not bad though. First decent winter since I moved here or so, >10 years ago. When the cold started to get obnoxious, spring broke out. Lasted for 3 weeks or so, unexpectedly turned into summer. April has been what you’d expect May to be. By now, it is colder again and wet, has been raining on and off again for the last few days. But again, the sun is coming thru.
The … read more
N225 chickened out Monday morning as closing time approached, lost 4.5%; indices are bleeding like a butchered pig today. DAX struggled w/4k, lost. Tomorrow’s gonna be interesting; the bears, though, seem to have lost this round, though the N225 in Mon-Tue night recovers some.
Still, they know that they can make some sort of “recovery” — make some money, sort of. Which is all the collective hive-mind of the buck marketeers would want at such a time: swap some derivatives or … read more
The Con supreme-mayoral candidate of Cologne announced today that he’ll quit the race for re-election (elections due August).
He had been a staunch supporter of the subway project that came to almost topple a church belltower[de:], killed two, destroyed much of the documental archive of Cologne, sunk millions of euros; he had been investigated by the police more than once, had been entangled in networks of bribery, kickbackry, ill-spent funds, construction scandals and the likes. His time of office benefitted … read more
via the good anonymi at 4chan.
Indices bounced back, jerking, stuttering up steeply — about as steep as they, on average, had fallen throughout most of February, though the volatility is decidedly less. The DJIA has already made good 50% of its Feb loss; the N225 goes alongside.
The DAX, which performed marginally better (IIRC) then is more equivocal. The gov’t is taking its tiiiiiiiime[de:] as regards HRE; they think about having made their mind up whether to exercise their damn[de:] constitutional … read more
…not really. But the difference is about as much as fluctuation, with Citi stock dropping to about a buck a hit.
And yet[de:]: all the humans in the world legally entitled to conduct business could not own it yet, if each gave this one buck.
Indices bouncyballed, with the dax very tenderly raising Tue but strongly Wed - only to lose all and more today. Dow got a huge load of flak. It looks like the Dax is gonna take cover … read more
Loses only 0.2% tonight, after DAX (-3.5%) and especially DJIA (-4.2%) underwent major slaughter. DAX can be expected to try and make a mad dash for 4K, as bargain hunters will pick up the opportunity. Probably won’t make 4K though.
If it does not make a mad dash for 4K, a few aspects of current events demand reassessment.
UPDATE: N225 expands loss to -0.7%. Still, simply to have and — more or less — to hold qualifies as relative outperformance these days.
aig kaput. read all about it in the mass media.
they will feature it aplenty and in lurid detail. “march is the new october”, or what?
dow needs to hold 6k this week, or all bets are off.
in other news:
(background: the eu head-of-states’ decision[de:] that there will be no eur160-190mrd blanket bailout for non-eurozone eu eastern europe.
i assume that if they would have had the bucks, they would have shelled them out with kisses, smiles and flowers. eastern europe’s economies are … read more
Indices cavorted all over the place, settling in for a solidly red week, though today — as did the DJIA a few days ago — the N225 manages to make a near spot landing with plusminus zeroish change. The last 3 weeks’ bumpy bounce, tumbling down a broken and rough slope, shaved some 12.5% off the DJIA, while the N225’s losses could well (for a while at least) be limited to just below another 10%. The DAX, in spite of … read more
As staple rice, I prefer the nondescript parboiled rice you get in kilo packs in the supermarkets over here. I have no idea where it comes from, what cultivar it is, and so on. It has a good combination of keeping fresh and being healthy (for a carb staple). I sometimes don’t like rice, so I eat something else as carb staple, taters or pasta or whatnot. Brown rice would start to spoil under such conditions ever so often, so … read more
Preliminary[de:] accountancy checks at Hypo Real Estate reveal nearly EUR600mrd, that is, nearly
600.000.000.000 euros,
or approximately the annual GDP (as per PPP) of The Netherlands,
in grey and black funds — not or not sufficiently accounted for.
The total sum on the brink of combustion is 10% of the annual GDP (as per PPP) of the US. It is a Lehman-scale event.
The problem is twofold:
First — if HRE is allowed to go bust, the impact has a reasonable chance to smash the global … read more
DJIA 7.466 (-1,2%)
N225 7.455 (-1,4%)
Now what?
Stanford turned up in Virginia (”Touch Her If You Dare!”), got some SEC paperwork NBC sez. Free to go (for now). Status of black helicopter unknown.
The SouthAms acted swiftly and no-nonsensical: about all accessible StandfordCo assets south of Panama City (methinks) have been seized and placed under gov’t control.
Cojones.
But about time some1 tried it, perhaps.
Bank runs! And I was almost missing them…
On Antigua and in Caracas, to be precise. Which has a delicious irony — one of the world’s top laundromats for smelly credit, and a bunch of coupist lovers. The latter find something in the realm of US$ 2.5mrd[de:] melting away like South American mountain snow in the 21st century climate.
Now tell me guys:
Ain’t Capitalism Grand?
On Antigua, PM Spencer calls upon the populace to maintain calm. Most of his native citizenry … read more
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