ADDITIONAL SELECTED
OUTREACH
EVERY CHILD
A HAPPY CHILD.
RISK TAKING, WITHOUT
UNINFORMED DUPLICITY,
SHOULD BE ENCOURAGED.
NO ONE WANTS TO FAIL.
BUT WE NEED CHANCE TO
TREAT OUR VARIED
DECISIONS AND PASSIONS
EQUALLY, AND WE NEED
TO LET THE LOSERS LOSE
AND THEN BE ABLE
TO STILL MAKE A
GOOD FUTURE.
If That's True, Fed Governor
("When A TBTF Bank Fails,
Depositors Will Be Cyprus'ed,")
How Is It Depositors Should Ever
Be Threatened By That For
Banks' Mistakes In The First
Place?
What If The Bankers Were Mainly
In The Business Of Not Hedging
Risk But Seeking Adversity,
Welcoming It (Encouraging It?)
Because It's Easier To Make
Money From That Than Actually
Working Toward Something
Productive?
Actually, Depositors Would Be
Protected And Calmed If The Banks
Were First Broken Into Smaller
Pieces To Compartmentalize
(Think: Titanic, If The Flooding
Compartments Had Sufficed)
Any Damage They Face. Selling
More Protection For Ever More
Risk, For Ever Smaller Premiums,
For Ever Larger Bonuses, I Think,
Is Not Even A Legitimate Business.
Though Not Their Counterparties'
Doing, They Would Have Been
Savvy And Aware Things Didn't Add
Up. In Any Case, The State Can
Apply Some Substitute For
Bankruptcy Where That's Not Fully
Adequate For Protecting Depositors,
Or It can Invent A Similar But Better
Process--Perhaps Applying Force
Majeure In A Second Set Of Books
On An As-Needed Basis.
Supposedly Savvy Investors
Should Know Better Than To
Do Business With Shady Bankers.
I Would Seek Avoiding Throwing
Out The Baby With The Bath Water.
Items Like The Above, And
Regulating Net Equity At Risk,
Along With Thoroughly Useful Risk
Management, Of Course, Suffice.
There Might Be Overkill Here
Or There In This.
Where Mortgages Go
To Die, Their Being Bought
Not At Market Value, A
Long Honored Tradition
Of Recent Treasury And
Fed Leadership.
Also Why QE.
(Location Sets After Ad)
If You, Reader, Are In The
Upper, Or Upper Upper Middle
Class, Then Look Here:
This
"Big Banks Hide Risk
Transforming
Collateral for Traders"
Bloomberg, 9/11/2012
Apparently Works As
A Set-Up.
(This Amounts To Creating A
New Profit Stream From
Enabling Hedge Fund
Customers To Invest
In Such Adversity Beyond
Their Means To Do
Even That Sensibly (Never
Mind That Incentivizing
Investing In Adversity To
The Point Of There Being
Views As To Its Deliberate
Creation Is A Dead End
Where It Goes Beyond
Useful Negative Feedback.))
It's Pay To Play And
Then Some: Have A Friend
In Government.
So What That Means Is If
They're Treating Each Other
Like Gangs, Then There'll Be
No Golden Parachute For You.
The Frenzy For Control And
Favor Leaves No Time Or
Energy But For Grabbing
And Walking Around Naked.
It's Actually All Just A Joke
For Them.
Cynical 1
Monopoly-Afforded Cynical 2
American στυλ
Behind All The Finger
Pointing And Pepper Spray
Could It Actually Be Just
Clowns And Magicians?
(Song To Knox)
Maybe 007 Blew It.
So I Really Don't Think You
Need An M.D. To Imagine
These Guys Might Be Lacking
For Something.
Certainly Yale's Lacking
For One Chauvinist.
(These Supremes Are
Better. Also, I Really Think We
Need To Pace Ourselves
Restoring Democracy, And This
Blogger Likes Motown.)
New Relating Of ObamaCare
With Congress' Current
Immigration "Reform" Proposal
New Relating Of Illusions In
Real Estate Aimed At Making
TBTF Look Democratic And
Reasonable And To Attempt
Completing The Making Of $Trillions
On An Otherwise Failed Mortgage
Bubble, At The Expense Of Those
Who Sold The Market And Retirees
Mostly, But Also Everyone Else,
For Generations To Come
(A 2-For As To:)
Failed Real Estate Bubbles
Force-Made Profitable,
ObamaCare's Being
Not-Really-Progressive Care,
And Even Immigration Reform
And Its Relation To Elements
Of ObamaCare All Reflecting
What One Would Expect
From Monopoly And
Police-yness
(I've Proposed Immigration
Reform In A Manner Better
For All But Monopolists.)
Half Empty or Half Full?
New York's Soda Rule in
Historical Perspective
Amy L. Fairchild,
New England Journal of Medicine,
4/3/2013
(Format Reflecting Their
Space Limit)
I'm from public health (entered fr
economics, plus chem/bio headwinds)
and note the literature as to regionality
and multi-faceted approach being
among elements for effective health
behavior modification, which very area
of thought almost seemed
irrelevant to the ban creators,
though, admittedly, regionality's
a non-issue in NYC.
http://goo.gl/bKbEA
http://goo.gl/gK8sV
http://goo.gl/G6BML
Personal aim:
educate, empower, enable.
As CSPI supports whole-heartedly /
I link often:
http://goo.gl/X9scg
(after brief ad, not mine,
links to most relevant spot)
there's no way I'd oppose the ban.
Working with the point in
the video supplied,
overly purveyor linked:
http://goo.gl/TzA1k
Centrality in abuse of science...
(underlying is cheap ubiquitous
insecticide-related GMO by-products.)
As to natural insecticides,
I know this will be old hat to the
many doctors @ NEJM and the what: 1,2,3?
reading this comment.
http://goo.gl/nAIV4
(pyrethrins/of course/naturally occuring--
offered as an obvious proxy/likely premature
presumptions)
...and in markets
is clashing with centrality in epidem'gy
+ disease process methods of operation.
http://goo.gl/MO3tR
Should Greater Protection From
Offense As To Market Control
And Related Technology,
When That Technology Isn't
Wholesome, Emerge, And
Should The Educational And
Behavioral Initiatives, And Other
Initiatives As To General Public
Education, Empowerment And
Enabling Programs Be Rolled
Out, Then I Would Actually
Be Less Intrusive And Accept
People Are Making Informed
Choices; And, That Would Include
Not Imposing This Ban.
There Are Parallels In The
Economic Sense.
But For TBTF In Banking, Less
Regulation Would Be
Acceptable (There's Way Too
Little Currently.)
If That Sector's To Remain
Concentrated And Able To
Exercise Monopolistic Power
As To Financial Markets, And
Monetary Policy Generally,
Including By Virtue Of Its
Essential Interlocking With
The Federal Reserve, And If
It Then Also De Fact Exerts
Monopolistic Power Over The
Currency Itself, THEN It
Requires More Regulation,
Properly, With No Revolving
Door.
Processes And Respective
Areas Of Science Get
Corrupted Where Market
Concentration Lacks
Commensurate Regulation.
In Health Care Delivery, The
Issue Is Affordable Care Vs.
What Can You Afford To Kick In,
With Science And Process
Thoroughly Corrupted By
Virtue Of The Latter Being
The Better Definer.
(More Of Everything's Coming
To The Health Page. Jiggering
The Economics There Suggests
Sensible Process Changes.
To Be Linked, There Appear
Being Parallels In Education.)
Update / Basis:
Regulating the Way to Obesity:
Unintended Consequences of
Limiting Sugary Drink Sizes
Brent M. Wilson, Stephanie Stolarz-Fantino,
Edmund Fantino, UCSD
I'm Inclined To Still Support
The Ban Until The Techniques
I Would Prefer Seeing,
Described Above, Would
Otherwise Be Implemented.
I Still Consider The Market-
Control/Insecticide-Related
GMO/Fructose Interface The
Primary Offending Ingredient.
http://goo.gl/X9scg
(after brief ad/not mine,
links to most appropriate
spot--this is the 10th time
I've linked this video.)
That Support, Despite The
Greater Issues I Identify,
Stems From Strong Support
From Doctors Keenly Interested,
Combined With My Own
Feeling The Issues Raised In
The UCSD Study Really Need
Not Be A Stumbling Block.
A Defective Market/Science
Reality Existing For The Time
Being, That Obnoxious Basis
Suggests To Me To Prefer The
Route Of Simply Adjusting The
Ban As To Total Ounces;
However, Even With That, This
UCSD Study Is Still Vital.
In Other Words, It's Important
Either Way One Goes.
The Saddest Aspect Of That
Is The More Food Prices Rise,
The More Benefit Can Accrue
To The Sustenance Controller,
No Matter How Unwholesome
Its Product, As The Chain
Becomes Increasingly
Dependent On It.
That Becomes Comparable
To Downstream Fossil Fuel
Marketing And The Following
As To "Affordable Care"
Replacing A Health Care
Shell Game With De Facto
Not-Really-Progressive
Care, And "What Are You
Worth" (To A Cartel) With
Your Own Taxes Kicking In.
FAQ:
Does The Annual Fee On Health
Insurance Providers Work As
Some Sort Of Broad Brush Risk
Equalization?
My View:
No. It Bears No Relation.
Does It Have Any Monopoly
Mitigative Effect?
My View:
No. The Carriers Keep Their
Statutory Profit Margins.
Therefore, This Will Be Passed
Along As A Tax On The Insured.
Also, As To The Ban, We're
Largely Talking About
Youngsters At Risk For Long
Term Effects, And They're
Not Fully At A Point Where
They Can Weigh The
Judgements, Some Of Which
I Present Here, Bearing On
The Nanny State Issue Vs.
Simple Endocrinological
Reality, And So, Because Of
The Current State Of The
Sustenance Channel And The
Lack Of That Public Health
Infrastructure That Would
Not Need Being So Intrusive,
And Because I Think Adjusting
For The Finding In The UCSD
Study Is Not A Major Project,
I'm Actually Unequivocally
Very Happy Being Supportive
Of Dr. Jacobson's Efforts/CSPI
(Including As To The Ban
Presumably.)
If We're Not Protecting The
Babes (Kiddies) From
Involuntarily Nutritionally
Foundational Insecticide-
Related Market Controlled
GMO Based Fructose We
Might As Well Roll Up
The Show.
Bring In The Tomato Juice.
SEE RELOJ
Mayo Clinic's Cut The
Sweetness For 2 Weeks
They've Particularly
Much As To Sweeteners.
I Personally Don't See It
Being A Counter-Example
That Obese People Drink
Diet Soda.
Even Involuntarily Nutritionally
Foundational Insecticide-Related
Market Controlled GMO Based
Fructose Is Trivial Compared
To Destruction Of Our Habitat.
SEE IMPORTANTLY
Saying That Makes Me Feel
Like Marty McFly Reminding
Doc Brown In Back To The
Future 2 He Only Has 'Till
Monday Before He Gets Shot.
On
Power Perks Lacking
For Women Bosses
Scott Schieman, Markus H. Schafer,
Mitchell McIvor, U. of Toronto,
In J. of Sociological Perspectives
(Appears Drawing
Less Broadband Than A pdf)
There's good ambition just like
there's sensible, appropriate,
efficient, even pro-social risk
management.
Then, there's living between
welcoming (negative feedback
by personal aims) and creating
adversity (self-adding of adversity,
or positive feedback) from
which to profit.
There're legal limits where business
ones don't exist, though corporate
charters could require demonstrating
a positive purpose.
So, most of us like a little recognition,
but after childhood, basking in
attention shouldn't be necessary.
So the women should have the
perks too. The men should not
obsess with self-satisfying behavior.
For the risk management part, I did this
thing.
http://evernewecon.weebly.com/#eneninventsstructureandprocessforanation
I admit I should have used
"tries clarifying" in place of
"invents" in the extension.
But, sometimes a cigar
is just a cigar.
Relates To The Following But
Also Follows Sensibly From
The Above.
On:
Schumer: ‘Every Major
Policy Issue’ Resolved In
Immigration Discussions
Sean Sullivan, Washington Post, 3/3102013
And all the nations imposing
“austerity” or grabbing people's
bank deposits have adopted his
pay to play idea, namely buy an
overvalued mortgage, get a VISA,
though flattened income
on savings in favor of $trillions in free
reserves for TBTF, plus $trillions in
purchases of toxic assets not at market
value all represent haircuts and grabs,
just not from people’s actual ready
cash and nest eggs, with which they can
at least adapt and spend more selectively
rather than simply knowing they’re
involuntarily poorer.
The problem is it's monopoly (TBTF
is monopoly of the currency and
monetary policy) and pay to play.
It’s obviously risk filtering also.
By definition, it's also gatekeeping:
monetary policy in others’
interest will have to wait.
So all the abuses are there.
Also, lots of the hypocrisy too,
Such As: The Rush To Make Hawaiians
Territorial Citizens, Then Citizens,
For Control, The Long Period Of
Samoan Citizenship Twilight For
Pernicious Control, And The
Scapegoating Of Needed Workers
From Mexico So As To Distract From
Monopoly, Risk Filtering, Gatekeeping
and Pay To Play, Such As Buy A Toxic
Mortgage, Get A VISA (Which May Be
Reasonable Policy But Leaves
Much Hypocritical.
As to the pay to play vs. this severely
controlled second class citizen idea,
I've proposed a dual minimum wage.
It protects the economy, it can have
a non-intrusive public health umbrella
element to it, it protects American labor,
and it values the work we need from
the undocumented workers, without
whom much of what American workers
earn for themselves, and for their
own Social Security, and for their
tax-paying employers would not exist.
Schumer's Plan Actually Relates To
ObamaCare (To Me Not-Really-
Progressive) Because That Plan Has A
Citizenship Control Element.
Discussion In This Section.
On
More Homes Return
to Positive Equity
TheBigPicture (Barry Ritholtz,)
3/19/2013
As This Suggests How Interventions
Cut Multiple Ways, It Seems Worth
Placing In Full Here, With URL's
Indicated For Those Wanting
Quick Reference.
The whole idea of $trillions in free
reserves and leveled interest income
for everyone else is enabling banks to
hold collateral at inflated valuations,
and the Fed's has been, and is, buying
massive amounts of same at
not market value.
But the underlying mortgages, even
if value has been transferred from
Treasury above what those mortgages
might really be worth (and now that's
virtually impossible to know,) are
at least still there in quantity.
This cuts 2 ways:
avoiding abuse where the mortgagor
really should remain in place; also,
though, holding mortgagors' feet to
the fire, ostensibly (but not really) for
their benefit, when those mortgagors
would be far better off surrendering
(particularly) smaller down payment
equity value and then going on their
way in a non-recourse environment.
No one wants to take losses, but the U.S.
DOES need reasonable risk taking.
That brings us to this conclusion as regards
this column and particularly its title:
"More Homes Return to Positive Equity."
Though TBTF apologists on cable TV
are good at pretending large numbers of
distressed properties have gone "poof,"
the ones suddenly not appearing here
http://www.zerohedge.com/news/2013-02-14/boomerang-foreclosures-are-back-bernankes-second-housing-bubble-begins-pop
(it's impractical presenting evidence
for multiple regions, but at least Calif's
where a large bulk of the mortgage
bubble was concentrated, Fl,
http://www.floridabar.org/DIVCOM/JN/JNNews01.nsf/RSSFeed/7638452EFBECC9FA85257B080048E2B3
Az, Nv being others, though Jurow's
still very bearish on the NE, using
price per sq. ft., though even that does
not reflect price dispersion, a subject
covered by yourself.)
It really simply fell off the radar owing
to the stumbling block described.
Jurow has described a new
"Mortage Release Program."
(Requires Download
And I Obviously Can't Make
Security Assurances, Though I
Generally Trust Jurow.)
http://www.keithjurow.com/interviews/
And why not, if the Fed's transferred
value equivalent to bubble-value.
The large numbers of distressed properties
that were removed from the market as reflected
there (here it is again:)
http://www.zerohedge.com/news/2013-02-14/boomerang-foreclosures-are-back-bernankes-second-housing-bubble-begins-pop
The artificially absent delinquent property
is equivalent to an artificially absent
large army of most motivated sellers.
Will the mortgagees now be more or less
motivated?
The question may be irrelevant as the quantity
impending, with pre-foreclosures already appearing
in large numbers, represents a supply utterly
unreflected in the stats forming the basis of that
title,
"More Homes Return to Positive Equity."
http://muckrack.com/link/VrIu/can-housing-recover-with-zombie-lenders-eisenbeis-will-our-children-pay
http://us1.irabankratings.com/pub/IRAStory.asp?tag=563
http://ochousingnews.com/news/must-sell-shadow-inventory-has-morphed-into-cant-sell-cloud-inventory
http://ochousingnews.com/news/contrary-to-media-spin-mortgage-delinquencies-are-trending-higher
http://pages.citebite.com/f1n1r8m6s3uyp
http://caliscreaming.com/2012/10/30/where-is-the-shadow-inventory-right-here/
Much More In This Website
-1- -2-
On:
This Is Why Central Planners
Are So Scared of Italy's
Beppe Grillo
ZeroHedge, 3/10/2013
On-Site Follow-Up
ProPublica's
Docs on Pharma Payroll Have
Blemished Records, Limited
Credentials
Charles Ornstein,Tracy Weber, Dan Nguyen,
10/18/2010 But Featured 3/19/2013,
But, Also, With Comments Long Closed,
Becomes A Good Place To Park Ideas
As To "Wide-Banding" As To Sliding Scale
Royalty Setting And Lecturer Grading.
Organized Medicine Can Invent
Wide-Banded Grading Of
Lecturers.
The Wide-Band Grading Part Stems
From Proposing Sliding Scale Royalty
Schemes In Different Sectors.
I've proposed a sliding scale royalty
scheme as to Government funding of
research running parallel to the way
one could create a sliding scale-based
netback scheme in favoring safer,
resource-preferred shallow offshore
nat gas, as opposed to deepwater
oil, drilling, even accounting for
the oil/gas mix.
Wide-band grading of judged promise
of effort and proposed technology, for
funding, with minimal or no royalty
payback, vs. high royalty payback, in
biotech can make sense, I think.
Obviously, the FDA's involved with that
every day of the week already, but
I'm adding a tricky as to royalties.
Health Care Involves More Cross-
Currents, So Let's Do The O & G
Model First.
Though Our Government's Sold Out
For Nuclear, Absent Breeder Reactors
(Should They Be Demonstrably Safe,)
To Me The Only Positive Thing To Be
Said For Nuclear Reactors Is They
Don't All Have To Be Better Secured
At Once. Their Time Bomb Values
Vary, So Only A Few Require
Attention At A Given Time.
I'm Using For Analysis Nat Gas As
A Bridge To A Renewables Grid, With
The Assumption, Additionally, That
Deepwater Drilling Is Far More Expensive
(To Taxpayers) Than Has Been
Acknowledged.
So, I'd Sliding Scale Netback In Favor
Of Onshore Nat Gas, With No
(Onshore) Fracking Approved But For
Rigorous Review By Health/
Environmental Science Experts Never
Having Anything To Do With Industy,
But Allowing For Onshore Oil As Well,
Because Of The Plain Vanilla Issues:
Bal. of Payments, Favoring Domestic
Small Royalty Owners (There're
Actually Many,) And The Like.
A Much Smaller Royalty (Larger
Netback) Thus Applies To Shallow
Offshore Nat Gas, With Accounting
For Gas/Oil Mix Applicable.
Here's A Parallel In Health Care.
Grants For Research Benefiting Large
Pharma Obviously Should Render
Royalties To The Government.
But "Anti-Fragility" (A La "Market
Progressive" Around Here,) Freedom
From Market Control And Gatekeeping,
Etc., Are All Good Wish List Items.
So Royalties Can Be Lower, Or Nil, For
Ventures That Are Less Wealthy To
Begin With, Highly Promising
Technologically, And Highly Promising
People-Wise, Allowing For All The
Dangers Of Overgeneralizing And
Overbearing Opinionizing.
So, Royalty-Setting Can Be Wide-
Margined And Controlled By
Pharmacologists, Biomed People,
And Physicians Never To Have
Anything To Do With Industry.
(As To Parallels, I Equate Cost
With Risk Exactly The Way
The Insurers Do, So I Like
Modeling Health Care Risk
Equalization After Habitat
Preservation Plans Based On
Pay-In Or Receive-Back Schemes
For Adding / Detracting From
Renewables Grids.)
2/17/2013
A Special Length
Outreach Day--
Mirror Value
-----------
At: YouTube:
The Economist Interview Of
Nassim Taleb On Anti-Fragility
Monopoly is fragile.
There's a third animal in the house:
capitalism, socialism, monopoly.
Government has to be an element in
anti-fragility unless a city's menu is
to be one fast food sign after another
and whatever GMO-laden food
is available at Wal Mart.
There Are Market Progressives
And Keynesians Who Don't
Turn A Blind Eye To TBTF
Or This.
I think a Keynesian can like this
theory. A "market progressive" will
observe that any government program
conforming to monopoly will mainly
benefit the monopolists.
Climate change denial as default
policy is monopoly, and it's fragile.
TBTF is monopoly of the currency.
ObamaCare is surprisingly
monopolistic.
They're obviously all losers,
but nowhere did any progressive
have anything to do with
advocating extractive monopoly.
So, for instance, what of the
case of Wal Mart? The
libertarian would say hands
off, I assume. To me, here's
the problem followed by the
anti-fragile response.
Have You Been Perplexed
By Wal Mart? You Don't Know
What's Wrong But You Know
Something's Not Right?
Taking Advantage Of Non-Union
Labor And Non-U.S. Production,
And Resulting Scalar Advantages
To The Expense Of Local
Merchants?
That's Easy. Restore The
Requirement Of Showing Of Public
Benefit In Corporate Charters.
Allow Companies Like Wal Mart
Time Schedules For Compliance.
A Benefit Here, A Benefit There,
Can't Cut It. The Larger The
Company, The More Intense The
Review. The Process Should Have
Among Its Endpoints Recommendation
For Anti-Trust Enforcement.
The Reason Is Simply The
Wal Mart Business Plan (As
Viewed In The Preceding
Paragraph) May Be Deemed
Tolerable On A Smaller Scale.
So If Prof. Taleb Feels Anti-
Fragile Is Only Libertarian He Could
Enlighten Those Who Don't See It,
But I See Every Response To
Extractive Monopoly
As Anti-Fragile And I'd Ask Him:
No Government Means, For
Instance, Every Person Going For
The Lowest Hanging Fruit,
Syndicating Risk Capital, Sinking
More Straws Into The Ground And
Ocean Floor To Drill More Oil, When
Limiting That To Onshore Oil And
Favoring Natural Gas, Combined
With Taxing Oil Imports And Using
That To Help Renewables, Means
More Income For People Who Own
The Assets, Less Need For Refineries
And Storage Tanks, And A Higher
Return For Small Royalty Holders
Incentivizing Renewables Rollout.
Why Is It Taxing Oil Imports
Wouldn't Raise Pump Prices?
Cause Those Already Reflect
A Cartel's Maximum Draw.
ObamaCare Is Essentially
The Same Thing.
New. In Support.
We're Driving Less, but
Spending More on Gasoline
Matthew Philips,
BusinessWeek, 2/5/2013
That Would Actually Make Sense If It
Reflected Incentivizing Downstream
CNG And/Or Investing In Renewables.
But Otherwise It Seems To Suggest That
Even If We Had An Oil Import Tax Pump
Prices Would Reflect The Only Limitation
To Market Control Being Affordability.
Do-Nothing Policy Is Default To
Billionaires With Self-Serving
Re-Writes Of Ideology And Within
A Generation The Dissolving Of
The Ocean's Methane Hydrate And
The End Of Our Habitat.
I Really Like The Concept Of
Anti-Fragile, Though, Having
Seen This.
Where The Concept Is Used As
Political Naturalism Or Social
Darwinism By Another Name,
Of Course, I'd Just Have To Vomit.
SEE
ENEN:
(The Fed Takes A Double
Whammy For The Banks:
Buying Toxic Assets In An
Interest Rate Bubble;
Overpaying For Them)
Boil Goldman, Bank of America,
Citi And JP Morgan Down To One
Bank, Imagine, And That Bank
And The Federal Reserve Become
One And The Same Bank
By Current Policy,
Other, And Based On
Bernanke's Marriage To Too Big
To Fail, The Hypothesized Lone
TBTF Commercial Bank Would
Have The Keys To The Currency
Including The Ability To Exchange
Its Toxic Assets For As Much
Currency As It Needed.
That Might Actually Be Preferable
To Year After Year Of Nominal
Rates For Everyone Else While The Fed
More Slowly Achieves The Same Thing.
-1- -2- -3-
Boil Aetna, Anthem, CIGNA
(Wendell Potter’s Co.,) And United
Healthcare Down To One Co., And
ObamaCare Becomes That One Co.’s
Insurance Policy. And It’s An
Intensely Obfuscating One.
The Businesses Of The Large Health
Insurers, Under ObamaCare, The
TBTF Banks, The Banks By Way Of
The Quasi-Governmental Mortgage
Companies And HUD As Presently
Conducted, Are Monopolistically
Risk-Filtered By The Federal
Government.
Nuclear Energy’s A Global Warmer
Cause Enriching Uranium Is A Massive
Fossil Fuel Consumer.
U Pay For The Enrichment.
U Take The Nuclear Accident Risk.
The Utility Gets The Cost/Risk
Filtered Business.
So Electric Cars Are Substantially
Powered By Coal From The Power
Plant, Just As Has Been Uranium
Enrichment, For Nuclear Power
Policy, By Deception.
The Enrichment Process Is
Mostly Ended In The U.S.
Now, For Our Plants' Uranium,
The Global Warming Is
Incurred Here
-1- -2-
Comment Apparently Disallowed
At CNBC's Housing Clearly Recovering
NOTE: My CNBC User ID's Been Disallowed
Comment Publication For A While Now. But
I Became Familiar With Other Bloggers Who
Were Real Estate Bears Who
Also Played A Simple Commenter's Role There.
They've Been Noticeably Absent Too.
I Can Experiment With Using Different
User ID's, But I've Also Noticed The Absence
Of Bearish Comments Altogether Where
They Might Otherwise Present Seriously
Substantial Evidence. I May Link One Of The
Other Apparently Disallowed Bloggers Above.
“Where did all the housing inventory go?
Listed inventory down over 20 percent
from last year and at lowest levels since
January of 2001."
DrHousingBubble ,2/1/2013
In the latest piece of data we find
that listed inventory is now at levels
last seen in January of 2001. That is
right, today we have the same number
of homes listed for sale that we did 12
years ago. This continues to be the
biggest underreported story in the
housing market. A large part of this
has to do with the external forces
interacting with housing. One has
to do with banks holding on selectively
to distressed properties while another
is the dragging out of the foreclosure
process. Next, you still have roughly 10
million Americans that are underwater
on their mortgages. Think of that
when you realize that only about 1.8
million homes are listed for sale.
@3:30 3rd Qrtr 2012
http://goo.gl/iojbK
70 Foreclosures--
L.I. (3 Million People)
ENEN:
Manipulated/Illusory--Banks'
Hands' Helped In Not Presenting
Losing Collateral (At Your Expense)
(Video/Meltzer,)
http://goo.gl/iUeZR
Jurow Vs. Wachter (Wharton)
/Bloomberg TV 1/25/2013
http://goo.gl/81xPl
Historic Credit Bubble Burst;
Ocean Of Delinquencies, Massive
Portion Of Market; High Re-Default
Rate
What Jurow Is Much More
Consistent With Than Is
Wachter, And, For Me, How
We Best Know The Real
Estate Crash Is Sill On:
Remember:
You Would Be Getting More
Than Nothing On Your
Safe Money
(Remember?
When You Wake Up, And
Go To The Bank, You'll
Learn Your Safe Money's Is
Earning Nominal Interest
And Negative Real
Interest) If The Banks Didn't
Need Bernanke's Carrying
Of Their Own Self-Created
Bubble (Still.)
(4 Years Of That Now. It
Looks Like Wake Up, Go To
The Bank, Find No Interest
On Savings This Year Too.)
Do You Remember More Supply Down-Pressures
Prices? And Foreclosures Should Down-Pressure
Most Of All? (But They’re Still Lurking Behind
The Curtain:)
http://pages.citebite.com/y9b2m0d5frpp
Six Month + Delinquent Mortgages
Amount To More Than Half Of Bank
of America's Market Cap
(not independently verified)
http://goo.gl/T7QFk
And The Cheap Money That’s Also Supported A Window
Of Opportunity As To Properties Not Competing WIth
That Shadow Inventory Is Changing Over
http://goo.gl/8w3VW
http://www.multiurl.com/ga/
TheManySignsOfShadowInventory
http://www.multiurl.com/ga/Illusions_R_Us
New Delinquencies “Incredibly High”
http://goo.gl/Clczi
@1:40 the Chairman of the NY Realtor Society
says COMPARE PRICES PER SQ. FT., NOT CASE
SHILLER AVERAGE SALES PRICES!
http://goo.gl/nuzmo
Key Component/Patient Explanation, How Price
Averages Are Misleading
http://www.ritholtz.com/blog/2012/08/
understanding-price-dispersions
Full Bearish Evidence Stack
You Know, If You Sold For
Mostly Cash Out, Imagine
The Op For You If/When
Rates Begin Rising.
More:
-1- -2- -3- -4-
VIDEO Ritholtz: Decade-Long Overhang
Dated But Applicable
-A- -B-
"...we have a housing market almost
exclusively dependent on rates stimulus
and supply suppression.
They rigged the market creating
absolutely unsustainable supply and
demand conditions..."
"...the constant re-leveraging efforts
only serve to lengthen the time it
takes to truly de-lever...."
US Housing 2013; The Hangover
Mark Hanson, 1/7/2013
http://pages.citebite.com/x9a6m4p0hnwb
http://pages.citebite.com/c9h6f4a1cgih
"...Digging under the surface,
much of the drop in the unemployment
rate over the past two years is nothing
but a statistical mirage. Things are
much worse than the reported
numbers indicate...."
Mish's Global Economic
Trend Analysis, 2/1/2013
http://pages.citebite.com/x9q8y7k1vqta
(For Those Wanting Citations
To Copy-Paste:)
http://pages.citebite.com/p4v3h4u5ukuk
http://pages.citebite.com/b8i3v2s7trsw
http://www.nakedcapitalism.com/2012/10/some-smart-money-is-already-exiting-the-single-family-rental-landgrab.html
http://soberlook.com/2012/11/borrowers-with-modified-mortgages-re.html
http://www.youtube.com/watch?v=PEqkO_GENHA
Gary Shilling on the Housing Market
http://www.ritholtz.com/blog/2012/04/foreclosures-a-decade-long-overhang-part-4-of-5/
Dated But Applicable
http://realestate.aol.com/blog/2012/07/13/shadow-reo-as-much-as-90-percent-of-foreclosed-properties-are-h/
http://www.nakedcapitalism.com/2012/07/realtytrac-corelogic-confirm-housing-bear-thesis-85-90-of-reo-being-held-off-market-meaning-tight-inventories-are-bogus.html
Beyond Intended Post But While This
Is About Illusions:
Shadowstats/Inflation
Felix Salmon/Employment
Proof Of The Policies Of
Treasury, The Fed, And A
Captive Congress Simply
Support TBTF And The
Illusions Aimed At Portraying
TBTF, Including Its Duplicitous
Bubbles, As A Benevolent, If
Not Democratic, Institution
System, Includes:
Richard W. Fisher, Dallas
Fed Governor, Once Again
Implores Ending TBTF:
"Ending 'Too Big to Fail':
A Proposal for Reform Before
It's Too Late (With
Reference to Patrick Henry,
Complexity and Reality")
I Leave It To
Others To Try Listing The
Multiform Transfers To The
Banks (Vast,) Grabs For Broker
Client Equity, Etc. Family Priority
Dictates I'm Afraid To Cover
The Largest Financial Scandal
Owing To Government Complicity
And The Amounts Being So
Gargantuan. I'd Be As Clueless
As Anyone Else As To
How Much Has Left The Country.
At ZeroHedge's
Japan To Slash Welfare Benefits
In Attempt To Root Out
"Comfortably Poor"
1/28/2013,
A Comparison With
Shifted Blame In The U.S.
Plus Application
To Health Care
On ZeroHedge's (1/26/2013)
How Iceland Overthrew
The Banks: The Only 3 Minutes
Of Any Worth From Davos
At ZeroHedge's (1/17/2012)
"Biggest Philly Fed Miss In
7 Months Ignored As Fed Injects
Reserves Via Repo"
(Useful Having Here Too, Likely
Permanently Cause Ravi Batra's
Work Is Centrally Relevant.)
The banks themselves have
not trusted the liquidity trap.
And with this lately it
implies reluctance to go long
on debt assets COMBINED with
rising money supply.
In the 30's rich lenders ran out
of creditworthy non-rich people but
lent anyway.
Bernanke figured out how to
keep the wealth concentrating going
while simultaneously perserving the
opportunity to invest in the
concomitant adversity.
(This Is Brand Extension
Of Ravi Batra's Work.)
"Biggest Philly Fed Miss In
7 Months Ignored As Fed Injects
Reserves Via Repo"
(Useful Having Here Too, Likely
Permanently Cause Ravi Batra's
Work Is Centrally Relevant.)
The banks themselves have
not trusted the liquidity trap.
And with this lately it
implies reluctance to go long
on debt assets COMBINED with
rising money supply.
In the 30's rich lenders ran out
of creditworthy non-rich people but
lent anyway.
Bernanke figured out how to
keep the wealth concentrating going
while simultaneously perserving the
opportunity to invest in the
concomitant adversity.
(This Is Brand Extension
Of Ravi Batra's Work.)
At
The Economy IS
Getting Better, Ctd.
David Frum, DailyBeast, 1/11/2012
Being Proudly American Myself I'll Be
Among The First To Say Americans
ARE Doing Much To Adapt To Their
Being Drained In Support Of
Monopoly And Corruption.
And Many Locations Such As My Own
Are Well Diversified And Endowed With
Inventiveness. Others Are Dominated
With Such Things As Large Universities
Affording Stable Economic Bases.
But They're Still Mainly Working In The
Service Of The Following.
Many Signs Of Shadow Inventory
Illusions R Us
Monopoly Broadly
Health Monopoly
A Summary Reviewed Conveniently
Somone’s Ultimate Sign Of Ponzi Scheme
That's Parallel To
This
(Junior Lien Holders)
And Confusing Bank Holding
Cos' Interests With Depositors'
Interests Generally. The Fed
Ostensibly Was Created To
Protect Depositors.
And When A Bank's In The Hole,
It's Like Someone Falling Off A Cliff.
After The First 90 Ft. It Might
As Well Be A Mile. But That Shouldn't
Be The Depositors' Headache.
And This Is One Of The Easiest
Things I’ve Ever Done, And
The Internet Is A Remarkable Thing.
As To Roni Caryn Rabin's
Legalizing of Marijuana
Raises Health Concerns
--NY Times, 1/7/2013
(at EverNewEcoN)
Called Legal-By-Toll, my mostly-
legalizing public health umbrella
idea proposes a substantial
legalization of use of marijuana,
not intrusively health regulated,
mindful of its usage already by
millions of Americans, including
at least in the past by virtually all
recent U.S. presidents.
I apply proportion and reason,
and I'm mindful of the possibility
of undercutting the criminal incentive.
I make reference in that regard
to programs tried elsewhere as to
more serious products, but
Legal-By-Toll is specific
to marijuana.
IT REPLACES FILLING
PRISONS WITH FILLING
STATE COFFERS,
It makes the state a partner with
the retailer, only becoming intrusive
when the pace of marijuana buying
sets off a high threshold in terms
of showing on the radar.
Marijuana 's surely much less
dangerous than tobacco.
-C-
(Also, tobacco never stops
amazing in terms of virtually
no minutia of human systems
being negatively impacted
by it.)
The kid with a joint, if it's from
a source that's overseen, will do
less harm to herself/himself than
will many individuals "vegging out"
(not meaning eating vegetables) on
crackers and process cheese for 3
hours on end while watching
B movies,
(Virtual Infinity Of Ways.
See From Among The Latest.)
or the individual
running downstairs without
grasping a rail.
People are eating insecticide-
related GMO's essentially
not voluntarily. That lack of
transportation balance and the
smog in our streets should
matter to the persons
prosecuting the kid for possession
of a joint.
The prosecutor prosecuting the
kid for possession of joint should
know anandamide, a human endorphin
functionally and physically extremely
similar to marijuana,
That is, marijuana's active ingredient,
THC, is physically and functionally intensely
similar to anandamide's, anandamide being an
endorphin produced in every reader's brain,
and which, among other things, enables
forgetting. In the NYT comment, actually, I
needed an economy of words.
courses through
his veins as he argues in court. Each
affects memory, so the public health
umbrella is important. Funds for
DUI enforcement should be welcome.
Apparently at least one worldly
money center bank has probably
engaged in laundering drug money
in a manner suggestive to many
of de facto awareness.
Americans Look With Sadness
At The Plight Of Those Eating
Food Contaminated With
Radiation, But The
Europeans Look With Sadness
At Us When Our Food Supply
Is Partly Grounded In
Insecticide-Related And Market
Control-Related GMO-Based
Fructose. That's Wrongful.
(Only 4 Contemplating Hypocrisy.)
(It's Here.)
This Link Serves As A
Statement Of Reason,
Proportion, And Tolerance.
There Are Issues Relating
To Withdrawal That Connect
With Marijuana But Are
Greater Than Marijuana.
People Eat Ice Cream To
Escape. I Consider My
Approach To The Issues
Being Anti-Escapism.
I Have A Personal High
Estimation For The Value Of
Happiness In Its Own Right,
Suspecting Evidence Will
Continue Bearing Its Proxy Value
For Physical Health, With That
Being A Two-Way Street.
We'd Do Well Addressing
Causes Of Withdrawal, Just
As With Instituting Hospital
Diagnosis Alumni Groups For
Post-Treatment Assistance
And Empowering People
Through Education And
Health Education And Providing
The Means With Which To
Grow Healthfully Rather Than
Applying Piecemeal Hit And
Miss Health Laws.
(Regionally / Multi-Faceted/
More Than Fast Food Available
In A Region)
The Ability To Forget Is
A Matter Of Equation Just
As With Millions Of Human
Systems. Helping People,
Un-Intrusively Watching Out
Supportingly Of People's Own
Best Interest, Is The
Underlying Idea Of This
Proposal, Along With
Filling Coffers, Not Prisons.
I Am Not Advocating
Smoking Dope Or Drinking
Any More Than I'm
Advocating Driving With
Bald Tires. Again, I'm Happy
The $US Billions Likely Available
Annually To Sacramento Alone
From This Would Among Many
Things Help Finance
Enforcement Of DUI Laws.
This Is Obviously Not A Match
With Laws Allowing Unbridled
Recreational Use. Just As
Overeating Can Cause An
Infinity Of Health Issues,
Excessive Use Of Mind Altering
Compounds Carry Multiple
Risks, Including, Suspected,
As To Parkinson's And
Paranoia. I Envision A Very
Liberal, Non-Intrusive Allowance,
Indeed Supportive Of State
Revenue, But Still Looking Out
For The People In Trouble.
Overeating Has A Broad Spectrum
Impact, But Excessive Use Of
A Particular Substance Can
Imply A Concentrated Impact,
So I Really Think THIS Proposal
Really Does EVERYONE A
Favor.
THE DISCUSSION ON CNBC HERE
(1/7/2012) WAS AS TO FEDERAL
MORTGAGE GUARANTEES
BEING EXCESSIVELY RISKY/
VOLUMINOUS
Comments At CNBC Videos Typically
Transcribe Into A Garble, So I Just
Place Links To Specific Messages,
This One Linked Thusly
That's De Fact A Primary Intention.
It's Not Simply Enabling Wider
Homeownership. Absent Matching End-
Resulting Affordability And Enabling
And Empowering People To Invest
In Themselves, This Is Mainly Another
Program Of Privatizing The Profit,
Socializing The Loss.
It's A Risk Filter.
The Banks Don't Care About
The Welfare Of People Less
Capable Of Buying Homes.
They Simply Want Those
People Played For What They're
Worth After The Taxpayer
Absorbs The Losses.
That's Directly Comparable
To The High Risk Exchanges
In Health Care, Where Higher
Risk Is Taxpayer Filtered For
Profit In Place Of Non-
Monopolistic Risk Equalization.
It's Not As
Pernicious As In Health Care Because
It's Not A Key Component Of Actually
Enabling Monopolistic Market Control;
And, In Health Care, The Cartel
Actually Pretends To Be A Bad
Event Insurer.
It Also Pretends To Be Something
Existing Instead Of Anything Like
"Single Payer;" But, It Overall IS
Effectively A Single Payer System,
But Simply On The Basis Of Oligopoly.
Though An Oligopoly, Not A Singular
Company As Monopoly, Most People
Can't Really Compare Policies And The
Profit Margins, Including Relative To
The Market Segments, Are
Statutorily Stipulated.
In Banking,
FHA Is The High Risk
Eater, Leaving Profits In A Higher
Risk Portion Of The Mortgage Market
Safely Strained Out For The Banks
(When It's Been A Risk Filter.
As To Dividends, It's Virtually
Impossible Knowing How
Much Stems From Fed
Purchases. That's Then
Recycled To The Banks, And,
In Fact, The Fed IS Creating
A New Bubble.)
Fannie Mae Evicts Family
in Foreclosure, Then Installs
Armed Guards
Kari Koch, Truthout, 4/30/2013
(At Some Point You Have To
Ask Is What You See What You
Get. Are Most Programs
Right Ideas But Conforming
To Monopoly?)
So How Should It Be Done
In Housing, Besides Avoiding
Undue Risk Filtering?
Haven't Thought About It Much
'Till Recent Times, Really. I'm From
Health Care, Not Housing. But
Rather Than Simply Catching Banks'
Losers It Should Be A Matter Of
Coordinated Direct Support And
Community Empowerment, Mainly
Through Education, With Means Of
Measuring Bootstrapping Fulfillment.
As In TBTF And Health Care,
It's Taxpayers' Skin In The
Game Where Someone
Else Is Pretending To Be
A Player.
Every Locale Properly Should
Have Its Full Production,
Consumption, Education Cycle.
(1/7/2012) WAS AS TO FEDERAL
MORTGAGE GUARANTEES
BEING EXCESSIVELY RISKY/
VOLUMINOUS
Comments At CNBC Videos Typically
Transcribe Into A Garble, So I Just
Place Links To Specific Messages,
This One Linked Thusly
That's De Fact A Primary Intention.
It's Not Simply Enabling Wider
Homeownership. Absent Matching End-
Resulting Affordability And Enabling
And Empowering People To Invest
In Themselves, This Is Mainly Another
Program Of Privatizing The Profit,
Socializing The Loss.
It's A Risk Filter.
The Banks Don't Care About
The Welfare Of People Less
Capable Of Buying Homes.
They Simply Want Those
People Played For What They're
Worth After The Taxpayer
Absorbs The Losses.
That's Directly Comparable
To The High Risk Exchanges
In Health Care, Where Higher
Risk Is Taxpayer Filtered For
Profit In Place Of Non-
Monopolistic Risk Equalization.
It's Not As
Pernicious As In Health Care Because
It's Not A Key Component Of Actually
Enabling Monopolistic Market Control;
And, In Health Care, The Cartel
Actually Pretends To Be A Bad
Event Insurer.
It Also Pretends To Be Something
Existing Instead Of Anything Like
"Single Payer;" But, It Overall IS
Effectively A Single Payer System,
But Simply On The Basis Of Oligopoly.
Though An Oligopoly, Not A Singular
Company As Monopoly, Most People
Can't Really Compare Policies And The
Profit Margins, Including Relative To
The Market Segments, Are
Statutorily Stipulated.
In Banking,
FHA Is The High Risk
Eater, Leaving Profits In A Higher
Risk Portion Of The Mortgage Market
Safely Strained Out For The Banks
(When It's Been A Risk Filter.
As To Dividends, It's Virtually
Impossible Knowing How
Much Stems From Fed
Purchases. That's Then
Recycled To The Banks, And,
In Fact, The Fed IS Creating
A New Bubble.)
Fannie Mae Evicts Family
in Foreclosure, Then Installs
Armed Guards
Kari Koch, Truthout, 4/30/2013
(At Some Point You Have To
Ask Is What You See What You
Get. Are Most Programs
Right Ideas But Conforming
To Monopoly?)
So How Should It Be Done
In Housing, Besides Avoiding
Undue Risk Filtering?
Haven't Thought About It Much
'Till Recent Times, Really. I'm From
Health Care, Not Housing. But
Rather Than Simply Catching Banks'
Losers It Should Be A Matter Of
Coordinated Direct Support And
Community Empowerment, Mainly
Through Education, With Means Of
Measuring Bootstrapping Fulfillment.
As In TBTF And Health Care,
It's Taxpayers' Skin In The
Game Where Someone
Else Is Pretending To Be
A Player.
Every Locale Properly Should
Have Its Full Production,
Consumption, Education Cycle.
Of Course I Aim For This Website To
Be Entirely Facts Based, But Now It
Seems Likely That Upon Inspection I
Might Find The Same Situation In
Student Loans. Is That Banks Using
The Government As A Risk Filter, All
Along When There Should Be Equal
Opportunity In The First Place?
Investing In Education Is A
Fundamental National Economic
Investment. It Shouldn't Be
Essentially A Lending Business.
One Senator, Ostensibly Progressive,
Is Actually Associated With Both
Student Lending And The
Intelligence Community.
There's An Essential Incongruity
Of Interests In That.
Student-hood Is About Growth
And Freedom.
Supplied At Krugman's
"Americans Still Waiting
For Predicted HyperInflation"
Truth-Out.org, 1/3/2013
(Comments Don't Bot Out
Well There. So It's Here
Also.)
On CNBC's
Obamacare Could Double Health
Care Premiums: Aetna CEO
12/28/2012(Link Destinations Left
Exposed--Please Attribute Such
As W/ C-P'd From EverNewEcoN)
From Cherry-Picking And A Choice
Of "Go Naked" Or "Premium Death Spiral"
To Monopoly And Duplicitous Pretense
ObamaCare's twinkles in the sky
better than in-your-face exclusions
and cherry picking.
Many could not move
between states to take advantage of
employment or real estate opportunities
lest they ""go naked"" all the while the
cherry-pickers' friends called those who
didn't like it all manner of stupid
false names childishly. (Though that's still
the case till 2014 for adults, of course.)
But otherwise it replaces it
with a blanket-universal
exquisitely, precisely oligopolistic
structure-- essentially single provider
indeed--cartel.
http://goo.gl/3lkeo
It's static
http://goo.gl/EDi1C
http://goo.gl/KfVvC
Get the picture?
http://goo.gl/Gg20g
http://goo.gl/DIwh8
Surprise!
http://goo.gl/4VI7l
http://goo.gl/hrfwm
They want the monopoly.
They want the pretense to gorge.
http://brief.ly/suzpu4/
monopoly generally
http://brief.ly/jnox27/
Medicare's Natl. Hlth. Ins. 4 unwanted
customers. Where paid by head count
to take back, then THEY talk
pulling the plug.
Obamacare Could Double Health
Care Premiums: Aetna CEO
12/28/2012(Link Destinations Left
Exposed--Please Attribute Such
As W/ C-P'd From EverNewEcoN)
From Cherry-Picking And A Choice
Of "Go Naked" Or "Premium Death Spiral"
To Monopoly And Duplicitous Pretense
ObamaCare's twinkles in the sky
better than in-your-face exclusions
and cherry picking.
Many could not move
between states to take advantage of
employment or real estate opportunities
lest they ""go naked"" all the while the
cherry-pickers' friends called those who
didn't like it all manner of stupid
false names childishly. (Though that's still
the case till 2014 for adults, of course.)
But otherwise it replaces it
with a blanket-universal
exquisitely, precisely oligopolistic
structure-- essentially single provider
indeed--cartel.
http://goo.gl/3lkeo
It's static
http://goo.gl/EDi1C
http://goo.gl/KfVvC
Get the picture?
http://goo.gl/Gg20g
http://goo.gl/DIwh8
Surprise!
http://goo.gl/4VI7l
http://goo.gl/hrfwm
They want the monopoly.
They want the pretense to gorge.
http://brief.ly/suzpu4/
monopoly generally
http://brief.ly/jnox27/
Medicare's Natl. Hlth. Ins. 4 unwanted
customers. Where paid by head count
to take back, then THEY talk
pulling the plug.
As To Bloomberg's
Home Prices Increase
More Than Forecast
12/27/2012
(Link Destinations Left
Exposed--Please Attribute Such
As W/ C-P'd From EverNewEcoN)
Most People Aren't
Into Market Illusions
Or Alternate Assets,
But They Sure Know
Affordability.
http://goo.gl/V5NT0
Maybe That's Where
Forcing A Bubble Becomes
Dumbest, Especially When
It's Reflated At
Everyone Else's Expense.
How About A Sandy Relief --
Taxpayer Financed Shadow
Inventory Clearinghouse?
(Match Homeless With
Taxpayer-Carried Shadow
Inventory)
R.E.'s (Very) Misleading
http://brief.ly/9uvpd4/
Side--Makes Available
One Window At A Time
http://goo.gl/54tcg
Key Part:
http://goo.gl/wSebd
@1:40 (As
To Falling Price Per
Sq. Ft., A Less Easily
Distorted Indicator)
http://goo.gl/J3WrI
http://goo.gl/ptkLR
http://goo.gl/5I1Fb
http://goo.gl/1WlEH
http://goo.gl/tWNvy
(Earlier ""Bundle:"" Makes
Available One Window At A Time)
In One Sector After Another
Once The Monopoly Is
Firmed Up The Shafting Will
Resume.
http://goo.gl/zddXE
THIS IS PROBABLY YOUR BEST
TURN-TO ITEM IF/WHEN
PRESENTING BEARISH ELEMENTS:
To Really Appreciate Y The
Illusions And The Volume Of
Over-Paying Of Bank Assets
By Treasury And The Fed
Particularly, And The Wide
Net Interest Margin Is Also
A Feeding Device, See:
http://goo.gl/TYsmg
ZeroHedge, 12/19/2012.
http://goo.gl/pBIfn
http://goo.gl/iCaQh
http://goo.gl/GHvKs
Price Per Square Foot In
The NE Recently (Declining)
http://goo.gl/ozBtD
Re-Defaults Rising
http://goo.gl/c01Ha
http://goo.gl/FlJKl
Case Shiller Is Really Easily
http://goo.gl/0fsRP
Taken Out Of Context
Mortgage Delinquency Rates
Are Staggering
http://goo.gl/lb7Xm
http://goo.gl/lJjZQ
More ("Illusions R Us":)
http://goo.gl/mnzRQ
Bundle Of The Above:
http://goo.gl/6AMxb
Note, The Fed's Doing That
At A Self-Created Historically
Intense, Protracted Low
Level In Interest Rates.
When Rates Rise, Of Course,
It Requires Less Principal For
Comparable Return.
People Looking At Playing
A Possible Bubble By
Borrowing Will Likely Find
That A Closed Game Along
With Everything Else
Bernanke's Doing, As He
Has The Net Margin Interest
Very Wide. To Borrow In
The Hope Of Gaining A Higher
Return A Little Down The
Road Thus Faces Long Odds.
The Idea's Simply Giving
The Banks Free Reserves
And Facilitating High
Margins, Not Really Giving
You Or Me Cheap Credit,
Even Though Mortgage
Rates Are Low And Real
Neg. Returns Represent
Bubble Buyback
Arm-Twisting.
To Borrow To Invest In
Stronger Currencies Is The
Carry Trade Against Ourselves,
Our Being Iceland AND Japan
At Each One's Worst Moment,
Is Covered On The Homepage
And A Couple Outreach/Suasion
Entries.
Allowed A Non-Recourse
Regimen, Mortgagors
Would Have Typically
Surrendered Little Money
Put Down And Moved On To
Invest Another Day. The
U.S. NEEDS Some Risk Taking.
Those Who SOLD The Bubble
Would Have Easily, Painlessly,
Quickly Cleared The Market
W/O Their Own Interest On
Their Asset Sales, Or Their
Parents' Retirement Income,
Suffering At The Hands Of
""Hand-It-Over"" Policy.
TBTF, By Its Very Nature,
Is An Oligopoly, And Policy
Such As This Turns The
Currency Into A Monopoly.
It Works So Long As There's
No Alternative.
If One Were To Boil The
TBTF Banks Down To One,
The Fed And That Bank
Would Be Playing With Each
Other.
If One Were To Boil The
Health Cartel Members Down
To One, ObamaCare Would
Be That Company's Insurance
Policy (And A Rather
Obfuscating One At That,)
And With The High Risk
Exchanges Essentially
Being ""Outskirts Of
Medicare,"" Which Is National
Health Insurance For
Customers Originally Not
Wanted.
(Where The Taxpayer
Helps With The Risk, And
Where The Cartel Takes
Back Some Patients On
""Capitation"" (Head Count)
THEN People See The
Good ""Accountable Care""
Can Do.
However, My Own
Colleagues, Generally,
Would Want It Said It Actually
IS Better Than Simply
Telling People To Pass Up
Cross-State Border
Opportunities In Real Estate
Or Employment Lest They
Suffer Exclusions, Though
For Me The Preference
Is Mechanical-Deficient-
Not Even Particularly
Reflecting The Benevolence
Of An Oligopoly.
http://goo.gl/tFYAh
http://goo.gl/oEySO
from Joseph Stiglitz
(Columbia/Nobel Winner) Is
Actually Apt As To Markets
Generally.
Stiglitz
@1:14 to 1:42
@2:50 to 3:50
@4:50 to 9:00
As To This:
Fed To Keep Rates Near Zero Until
Unemployment Drops Below 6.5 Percent
Martin Crutsinger, Huffingtonpost.com, 12/12/12
Comment Is Copy-Pasted Here.
Comment As To nationofchange.org's
"How Obamacare Will Help Give
Americans' More Job Flexibility"
(Actually It Will: Exclusions And
Cherry-Picking Pre-Empts Much
As To Taking Advantage Of Job And
Real Estate Opportunities Across
State Borders)
Is Here (And Qualifies That)
Comment On
"Bizarre Border Politics"
Is Here In Full For Table
Of ContentsValue
We've Many Millions Of
Undocumented Workers
Who Are Simultaneously
Needed Economically And
Having Their Non-Citizen
Status Held Against Them
When Just A Generation
Ago Rich Folks Wanted To
Either Keep New Americans
In The Pacific In Citizenship
Twilight Or Else To Put Them
On The Fast Track To
Full Citizenship.
I've Proposed A Dual
Minimum Wage System.
As To Defusing The Border
Criminality Issues,
I've Proposed Legal By Toll.
Puerto Rico's In The House Too Now
--Still Home Page Toward The Top
------
SD ------- TIJ
----- @2:00----
What The Heck Have
Our Leaders Been
Doing To You?!
As American Samoa Is
U.S. Territory I'm Not
Disagreeing Beyond My
Shore.
If The U.S. Is In Charge
There Should Be A
Standard Minimum Wage
And Empowering
Support So As To Earn
It, Just As Should Be The
Case On The Mainland.
A Nation's Goal Should Be
A Strong Currency And
High Wages Reflecting A
People's High Worth.
The Alternative Is A Leash.
-----
Welcome
-----
-----
The Simple Inverse Of Paying
For One's Own Oligopolistic
Controls Costing Him More
Within Respective Sectors While
Simultaneously Delivering Less
Desirable, More Expensive
Sector-Wide Outcomes Is:
Empowering People
Enriches Those Who
So Empower Them
(Unless They're The
Owners Of Oligopoly.)
The Closed System, But
Attached To People Deprived
Of Opportunity, Will Of
Necessity Ultimately Need To
Generate Income From That
Adversity Or Else To Simply
Cut The Latter Adrift. Or,
It Could Add To The Pool
Of People Feeding The
Latter Group.
Both Legal By Toll And
The Dual Minimum Wage
Represent Simple, Direct
Rationalizations, With A
Public Health Umbrella
Over The Former, A Possible
Application Of That As To
The Latter, And Not Suggesting
The Border Be Simply Ignored.
But The Border Should Reflect
Being Neighbors, Either Of
Whom Might Invite The
Other To Dinner.
Puerto Rico's Approaching
4 Million People. Samoa
Can Be Folded Into Hawaii,
With That State Potentially
Renamed.
After All, Talofa's Gotta'
Be Related To Aloha.
Talofa
The Last Time I Tried Going
To Samoa It Was Supposed
To Be For A 3 Hour Tour
But We Got Lost
Unaffordable Cost Seen for Some
Under Affordable Care Act
Brian Faler, Bloomberg, 12/3/2012
Comments Load On
A Scroll-As-Wanted
Basis, So Mine's Here Also:
The law beats not being able
to take advantage of a real
estate or job opportunity
across state lines because the
cartel lives by exclusions and
cherry picking.
But I'd hold out for a better
replaclement cause ObamaCare
replaces it with a structure that's
thoroughly oligopolistic.
Medicare is national health
insurance for customers the
dominant health insurers don't
want. The carriers get paid
additionally, then, for taking
some of them back.
Lately, some of those insurers
sell patient management contracts
that DO show signs of the potential
that would come from ending
immunity from the anti-trust laws
in the health sector.
The high risk exchanges are "Outskirts
of Medicare,"" or, in other words, after
following the model of earlier monopolies,
certain profit percentages are stipulated,
outside the high risk exchanges, where the
state finances the more-than-wanted risk
and can do so with a measure of clinical
rationalization, or what would exist in
a non-monopolistic sector in the first
place.
For ""bronze tier"" policies in lower risk
categories the set margin is a ridiculous
60% MLR (medical loss ratio/) 40%
operational profit. At the least desirable
(to the oligopoly) end, but shy of the high
risk exchanges, the percentages are
generally 85%/80%, way beyond
the envy of most businesses, in what's
supposed to be the most challenging (shy
of the high risk exchanges themselves)
part of the most challenging sector.
The higher the cost, the more the
margin above the medical loss
ratio cut-off.
It advertises a list of deductibles
not allowed. It's not the list that a
knowledgeable person would make.
If you have an ambiguous thing
on your skin or a maybe-seriously
broken toe, the deductibleand still-very
-high out-of-pocket will scare many
away from seeking treatment, all
so these insurers can live
outside anti-trust.
Which really is quite parallel to your
seeing no savings interest last month
or this month on you safe-money
accounts so the TBTF banks can have
trillions in near free reserves.
-at-
Capital Formation And
The Fiscal Cliff,
John Mauldin, ritholtz.com
11/26/2012
"Why Is the Obama FCC Plotting a
Massive Giveaway to Rupert
Murdoch?"
Nation of Change
Craig Aaron, 11/25/2012
@ EverNewEcoN
As To Did Big Money Lose And
Populism Carries The Day,
Placed At Truth-Out
Disasters Create Bigger,
Not Better, Government
Amity Shales, bloomberg, 11/2/2012
(I Elected Placing It Fully Here)
It's cause of profiting from
self-created adversity but using
deceptive labels.
Scrupulous leaders wouldn't
do that.
It's parallel to the fact that
when a sector is structured
monopolistically, oligopolistically,
subject to the market control of
people enjoying wielding control,
government programs then
give government a bad name.
But it's then only because the
main beneficiaries are
the monopolists.
So, it's this again.
Sorry For The Repugnant
Title Of Something I've
Responded To:
The Operative Sentence In
The Response (The Economics
Comes With It) Is:
That's like winning a lottery
for the morally challenged.
Price Gouging Saves
Lives in a Hurricane
I think if sellers had more to sell
at reasonable prices they would, and
they're no less motivated to
sell volume-wise.
The ability to gouge comes
from lack of competition.
That's like winning a lottery for
the morally challenged.
That is, it's like winning
a lottery labeled:
monopolist-for-a-day-and-
control-freak-for-a-day.
That would then make the
gouger live a few moments
in the manner of TBTF-R-Us, and
We-R-The-Health-Oligopoly-
And-We-Are-Going-From-A-Shel
l-Game-Of-"Go-Naked"-Or-Premium-
Death-Spiral"-to-Thanks-For-High-
Risk-Exhanges, They Preserve
Pricing Power And Assign Higher
Risk To The State So As To
Insulate Us From It.
Most people citing Adam Smith
never read him and thus
don't realize he's been slandered
for a generation by self-serving rich
demagogues replacing free enterprise
with monopoly and control
(especially financial control
of politicians.)
-----
The reason you have a choice of
real negative returns on your
safe money or gambling outside
money safe harbors is
monopoly in banking.
What would replace the market
control in health care would be
repealing immunity from anti-trust
and enacting "risk equalization."
Currently, Medicare is National
Health Insurance for customers the
oligopoly does not want, and the latter
gets paid an adjustment (in their favor,
that means) for then taking back
some of those customers.
The reason government programs
often fall flat is when they exist
ostensibly to serve a particular
purpose but are implemented across
a market-controlled sector, it's
the monopolists who will
be the primary beneficiaries.
As To:
"Is China Still a
‘Currency Manipulator’?"
Ed Dolan, at econmonitor.com,
10/28/2012
(I've Decided To C-P It Here
Rather Than Simply Leave The
Presumptive Title There, Though
It's Explained On The Home Pg Also.)
When Japan was in its lost decade
the first one) it's recovery was
siphoned off of when people borrowed
yen to buy Icelandic Krona so as to
chase the ultra high yields supported
by the mortgage bubble worldwide.
With the TBTF banks still guarded from
loss-taking with near free reserves
until the Federal Reserve (?--)
can buy the MBS's so as to unwind them
and/or sell them back at market value,
and then with the bankers knowing what
from the shadow inventory is coming
available really cheap, COMBINED with
Congress and others crying foul at
China, our (U.S.) government is on the
edge of creating a carry trade wherein
the U.S. is Japan and Iceland at each
one's worst moment.
The real uncertainty in the market, to me,
has to be the Liquidity Trap's making
every would-be investor wondering what
it will take for cash to earn a comparable
return, say, a little into the future compared
with currently (it's hard to see how rates
can go below -0-, though Bernanke's been
obviously dead set on negative returns
on steroids with the obvious intent of
arm-twisting all who SOLD the bubble to
buy it back from the banks.
Our (the U.S.') liquidity trap is China's
dollar trap.
They don't call them traps for nothing.
Really, to me it appears China deserves
credit for inventing flexibility with the
"impossible trinity," allowing bending on
capital controls to afford bending on the
exchange rate.
They HAVE, in fact, allowed the yuan
to rise some, along with their raising of
the minimum wage, thus improving their
own Terms of Trade, all the while our
Federal Reserve and Congress are doing
exactly the opposite, trashing the
middle class.
As To:
Bernanke Seen Attacking Jobless
Rate With QE Through 2013
Joshua Zumbrun, Jeff Kearns,
Catarina Saraiva, Bloomberg,
10/24/2012 (Not Highlight-Linking)
Near free reserves for the TBTF
banks tides them over until the
Fed can buy the mortgage backed
securities not at market value and
then resell to the banks at market
value and/or unwind them, the
bankers themselves knowing first
which overvalued collateral
will be auctioned.
It makes no sense to say this
encourages employment as it's
in place of most/all readers' receiving
more than real negative interest on
all their really "safe-money" every
morning they wake up. And, business'
famous "uncertainty" has to mostly
come from the realization that when
rates are ultimately higher, if only by
the market someday ignoring
Bernanke, it will take less principal
to earn a comparable income
stream, beginning with debt paper, but
then reflected one way or another in
risk-taking generally.
They don't call it a liquidity trap
for nothing.
American's liquidity trap is China's
dollar trap.
When the Chinese are blamed along
with the middle class, our clueless front
men and bag men risk turning the U.S.
into Iceland and Japan at each nation's
worst moment.
Until Iceland put a halt to its extractive
banking oligopoly and its essential
monopolization of Iceland's currency at
the expense of all other Icelanders,
people would borrow off of Japan's
weak economy (borrow yen) to buy Ice.
Kr., as Iceland had been stamped
good-to-go for buying and
marketing the mortgage bubble.
That carry trade is possibly
being adopted by our leaders as our
own carry-trade-against-
ourselves.
After all, favorable "terms of trade"
are defined by a strong currency
and high wages, reflecting a high
worth, well educated nation. The
opposite reflects paying for folly.
Exporting GMO corn/soy, misleading
economic reports
and suggestion of geo-engineering
with the middle class paying for the
cost of coal/just cars, etc. , and with
"geo-engineering" importing monumental
presumption, are all signs of "Ponzi"
and the after-affects of a system where
creating adversity because it's easy to
invest in destruction seems to be
in operation.
The Undiscovered Country, Mr. Spock
says: "It's always been easier
to destroy than to create."
Mr. Batra first empirically showed
excessive concentration of wealth
brings the wealthy's over-reliance
on unqualified buyers (and the Great
Depression along with it;) today,
the ability to insure and short the
debt that creates the adversity means
there's no limit to profiting from
adversity instead of educating--until
a nation's economic suicide,
and a planet's, have run their course.
Earlier civilizations ate up their forests.
Ours is incentivized to destroy them.
As To That Currency/Wage Thing,
The Opposite Of Strong Currency/
High Wages Reflecting A (High)
People's Worth, A Weak Currency
And Low Wages Potentially Reflect
Economy-As-Ponzi-Scheme And
People Treated At Lessers To
Cover The Losses, Though It Can
Also Refect Genuine Lack Of
Human Capital Support
(Inadequate Attention Paid
Education.) Even Freed Slaves
Need Education To Be
Really Empowered.
This Comment Sure Looks Like
It's Being Declined At TG Daily's
"Solar geoengineering
'could be safe'"
Kate Taylor, 10/22/2012
It's Not Surprising That If
Monopoly And Control, Which
Predictably Sooner Or Later
Follows A Ponzi Road, Be It In
Banking And Monetary Policy,
Health Care, Trade, The
Balance of Payments, Etc., Then
So Will That Economy's Approach
To Environmental Custodial-ship.
Just As Buying The Banks' Mortgage
Backed Securities At Not-Market Prices
And Unwinding Them Or Selling
Them Back At Market Value, And
Having Safe Money Rates Flat So
The Banks Can Be Tided Over With
Near Free Reserves And A Gift
Of A Bloated Net Interest Margin,
The Economy Otherwise Held Under
The Thumb Of "Liquidity Trap," Which
In Turn Is China's "Dollar Trap,"
Here Comes Someone To Say The
Way To Brush Excess CO2 Under The
Rug Is To Cut The Solar Energy
Reaching Earth's Surface.
That Will Cost The Entire Half Of
The Equation That Needs Solar Energy,
Just As The Bankers Are
Ripping Off All Who SOLD The Bubble.
SEE
Including How The Very
Most Capable People, With
The Greatest Sense Of Mission,
Can, By Way Of The
Slightest Of Oversights,
Cause Immense Damage.
We Don't Know Enough, One.
Stuff Happens, Two.
It's Remarkable Though
How,mMany Academicians
And Journalists Seem
Open To Me To Having
Taxpayers Pay To Alter
Their Planet To Accomodate
The Damage Caused By Rich
Oligopolists Bearing
Demagoguery Unduly
Influencing Policy.
The Mexicans Used To Refer
To Los Scientificos Y
Los Hacendados
(The Haciendas And
Their Scientists.)
The Demise Of Our Habitat
Is Simply Growing
Exponentially Alongside
The Investing In Self-
Created Adversity.
I'm Sorry. How That's A
Civilization's Winning
Strategy Escapes Me.
Consolidated As To CNBC
Items For 10/18/2012
(Generic To People Falsely Blaming The
Middle Class For Uncertainty In Health
And Macroeconomically When Their Sectors
And Govt Policy Reflect Sectors' Lobbyists'
Preferences.)
As To Health Expense Uncertainty:
ObamaCare Is Better Than This But
Is A Program Subsidizing The
Pricing Power And Market Risk Profile
Of A Controlling Oligopoly, And Thus
It’s A Program Kent Conrad
Max Baucus and Joe Lieberman
-1- -2-
C2
Can Love.
It More Fully Formalizes "Public
Health" Providers' De Factor Serving
A Power To Price. Tax Supported, High
Risk Exchanges Definitionally Subsidize
Higher Risk, Rather Than Engage
In Market Risk Equalization. As The
Insurers Can Still Engage In Such Things
As Price-Compelling People Into
"Just Go Away" Deductibles, Where
They Present Increasing Risk, Even
When Exclusions Are Ultimately Disallowed,
This Takes Us From Having Some Kind Of
Market Dominated By Large Firms To
One Where The Dominating Firms
Have Bestowed Upon Themselves
A Still More Visible Subsidization of
Risk System-Wide. It Takes The
Reality of Medicare Being National Health
Insurance For Customers They Don't
Want And Makes That More Universal.
In The Latter, Instead Of Risk
Equalization The Carriers Get Paid
For Taking Risk Back On.
The Uncertainty For Business And
The Typical American Comes From
Not Knowing What Controlling
Companies Will Do.
Premiums Will Reflect Their
Ongoing Aim Of Pushing Off Risk
And A Cost Plus Formula Wherein The
Formulation Of The Cost Is
Not Open To Sunlight.
In Sectors More Formally Seen As
Being Utilities, Those Costs
ARE More Visible.
Risk Equalization And Removing
Immunity From Anti-Trust
Neutralizes These Deficiencies.
As To Macro Uncertainty:
$US Trillions in Bubble-Seller (For
Every Bank Dollar Invested
In The Bubbble Someone Sold A
Dollar’s Worth Of The Bubble)
Assistance in Bank Bubble-Buyer Loss
Sharing, Cost Of The Liquidity Trap
In Terms Of The Earning Power Of
Savings Transferred To The Banks In
Lieu Of Their Loss-Taking; In Skimming
By Way Of Treasury And Fed
Purchases Of MBS’s Not At Market Value,
And The Unemployment Deliberately
Welcome As Payment For The Excesses.
History Has Presented Humanity With
Welfare Queens After All. These TBTF
Banks, But You'd Never Know It
By Their Blue Sky Earnings.
Pawlenty (Was Hosted To Voice
Support For IMF-Type Budget Fixes
On The U.S. Middle Class)
"IMF Rejects Own Research,
Backs Austerity In Portugal"
David Dayen, Firedoglake, 10/21/2012
Student Loan Debt Hits Another
New Record: Study
CNBC
Students and parents alike pay for the
folly of policy conforming to market controls
and the concomitant inability to offer
higher education at nominal tuition and
those businesses bent on control then making
a generation a sharecropper generation that
then sees little choice but to sell out.
It must all be quite effortless for
the monopolists and their lobbyists
and friends in office.
-1- -2-
Their parents, though they have a roof
over their heads, are seeing their
retirement plans, if not reneged on, interest
income stripped in favor of near free reserves
for the TBTF banks’ being tided over till the
Federal Reserve finishes buying their mortgage
backed securities not at market value.
A Glimpse Of The Costs Of Pro-Democracy
Sentiment Being Blamed For
Folly Of Monopoly And Its Puppets
Insurers Nervous Over
Prospect Of Romney Victory
Ricardo Alonso-Zaldivar, AP,
10/28/2012
ENEN:
Of Course. Though Romney
Want To Return To This,
ObamaCare Delivers
On A Platter The Establishing
And Entrenching Of A Formalized
(Economically) Discriminatory Price
Regime Population-Wide, With Risk
Also Apportioned So That All Higher
Risk Is Taxpayer Subsidized,
Replacing Simply Medicare Being
National Health Insurance For
Customers The Oligopoly Doesn't
Want; Though, Romney/Ryan
Wants This As To That.
at Rw005g's (open.salon.com)
"The ADA Doesn't
Apply in this Town!"
On:
Genetically Modified Food:
'The Controversy Is Really
Curious To Scientists'
Cara Santa Maria, HuffPo
(awaiting mod's there;
ENTERED ONBOARD HERE)
Drum-Beating Legal-By-Toll
At The Reality Based
Community
(samefacts.com)
The Proposal, Presented
On This Website
Response To Sam Zell / CNBC
(No Title--Just His
Thoughts Were Sought)
10/2/2012
Bundle (linked (there
but here too--that's
it right there))
Fmr. Mn. Gov. Tim Pawlenty
Becoming CEO Of Wall Street
Lobbying Group And
Purportedly Advocating
Self-Regulation
(Multiple Places)
I Think The More Concentrated
(Measure Of Degree Of
Monopolistic Control Of Pricing,
Risk Apportionment,) A Sector Is,
And Regardless Of The Manner
Of Coming About Potentially
Duplicitous Opportunities
For Investing In Adversity
(Doing So Wrongfully A Legal
Issue Though That Otherwise
Is Something That SHOULD Be
Subject To Ombudsmanship,)
THEN The More
It Needs Being Regulated.
Of Course, The More Any Program
Is Funneled Through A Sector
Characterized By Monopolistic
Influence Over Pricing And/Or Risk
Apportionment, The More It Is That
Program's Main Beneficiaries Will Be
he Monopolists.
Also, The More That Sector Enjoys
Revolving Door-Based Control, The
More It Should Be Regulated, But,
The Former Generally Precludes The
Latter.
This Is Having Oligopolistic Control
And Then Getting Paid Twice For
Taking Back Some Of The Risk
Originally Passed Off Onto The
Public
Trade Reflects Government
Priorities And Goals As To A
Nation's Character
Comment On Steve Leisman's
(CNBC) Comments On The
U.S. Q2 Current Account,
Specifically As To His Remarks
On Terms Of Trade
(Is Onboard Here (It Gets
Garbled At CNBC)) But
Not On This Page, Where It
Would Be Redundant.
At:
Robert Reich: The Wrong Way
to Save Money on Health Care
truth-out.org, 9/14/2012
(also (but not my
comment) at his blog: )
Find EverNewEcoN
Beneath Comments
(Expanded)
Zen Wrongness
(Apply Poetically To Your
Better Judgement)
CNBC Videos' Comments Uploads
Often Look Garbled Even
After Editing/Proofing, So, There,
Fed Betting Big On Bonds
Is A Workaround-Link To This:
The idea that it's just retirees
sacrificed by Bernanke's policy
achieves zen-wrongness.
It's all who SOLD the bubble most
poignantly shaken down and forced
to finance its recreation, and the
annuities of those retirees, typically
particularly not financially athletic, thus
leave those persons feeling tax-locked
into instruments the payouts on which
are at the sufference of single
companies.
So those retirees are clobbered by
a retirement monopoly of one and then
an entrenched oligopoly of a small handful
of TBTF banks and Ben Bernanke.
It's also all savers, along with
property rights, because of
robo-foreclosure, and immigration,
cause of buy an overvalued foreclosure,
get a VISA, who/that are run over
for these banks.
For every mortgage the banks bought
someone SOLD a home, collected the
proceeds from same, and
should now, and for the past four years,
have been collecting a return not
reflecting a false Ayn Rand no-government
ideology but rather reflecting
the absence of monopolistic control freaks
occupying the offices of a few banks
and the Federal Reserve.
Mortgagors should have non-recourse
release, and those who sold the bubble
should have been allowed to clear the
market long ago. Sandy Weill said
break up the TBTF banks, as did the
Dallas Fed, the bank companies' fates
then of mainly the Ponzi managements'
investors' concern as usual,
but with retaining depositors'
confidence everywhere the primary
goal, not passing off losses and liability
to the taxpayer and not what's especially
been the reality: never-spoken direct
taking from the millions who simply
SOLD THE BANKS' BUBBLE. They
otherwise would have fixed the "crisis,"
which has only been a crisis by virtue of
the wall around phony banks asset
values, long long ago.
Instead, they've been getting
a Bernanke'esqe real negative return
for four years while paying
full market rent.
Some who SOLD the bubble would indeed
be able to adapt to the theft, if only
by BUYING the historic low rates by
TAKING ON DEBT, exactly also what
would help stimulate the economy,
as they are the ones who SOLD
risk at the top; but,
it's zen-like wrongness here
cause Bernanke SIMULTANEOUSLY
forecloses anyone from
coming to the TBTF party because of a
lavish net interest margin
regime benefiting those same banks.
It's ALL SAVERS EVERYWHERE.
It's thus capital formation not
redounding.
It's the Liquidity Trap so the banks
themselves are afraid of being weaned
off Bernanke's private economy lest
they do so only to witness
serious inflation and higher interest rates.
Our Liquidity Trap is China's Dollar
Trap, after all.
And China's Dollar Trap is then
American's shame, as a strong currency
and high wages, not shafting
people in support of monopoly,
should be a nation's goal, and China's
Dollar Trap is ALSO Americans'
illness-at-ease, as they're only
allowed to use dollars, thus monopolized,
as currency.
If you should ever be interested in
starting a gang, you don't need
switch blades. Bernanke's a better
goods deliverer than Gondorff
or Hooker.
People thinking lowly about those
upset about the power of the few
in TBTF banking might imagine
the sector in terms of the phone
service commercial.
(Website Will Never
Have An Informercial)
De-bundle from the monopolist.
So few benefit, so massively,
from the taxpayer financed self
bonus-giving,
the very epitome of the opposite
of this
fast loss-creating, too-smart
duplicitous playing of
encouraged adversity that
those who do might as well
be leading members of the CCP.
Why am I the only one
uttering Windfall Profits Tax?
Expressed By Way Of
Logical Extreme:
It’s Bernanke Saying You Get
Nothing On Your Savings But
Hang On To Those Dollars ‘Till
We Re-InflateThe TBTF Banks’
Collateral Any Way Conceivable,
Even, I’m More Willing To Risk,
By Way Of Sheer Currency
Debasement.
The Core Definition Of
Inflation Is The Decline
In A Subject Currency's
Value. That Would
Translationally-Definitionally
Recreate The Bubble Prices,
Everything Else Being Static,
Though, The Abuse Of The
Economy Could Well
Knock Values In Real
Terms, And, In Turn,
Prices Again Even After
Currency Debasement.
You Have To Just Have Dollars
Otherwise Those Banks Would
Be Left With Overvalued Assets
And Funny Money And
Nothing More.
Very Useful:
Jeffrey Lacker, Chairman
Richmond VA Federal Reserve
8/24/2012
Bailouts Wrong. QE Ill-Advised.
Former Fed Governor
Kevin Warsh:
Dodd-Frank Is About Control
CNBC, 9/14/2012
“We’ve memorialized
(Did He Mean Enthroned?)
TBTF instead of reforming it.”
"...Public utilities at the top
with special support from the
government and 6500 other
institutions not very good at competing
with that. That’s not good and is why
we’re not funneling real
credit and capital to the rest of
the economy...." (Now: Systemically
Important Financial Institutions
(SIFI’s"))
ENEN, Paraphrasing:
It's About Control Of A Privileged
Utility With Which The Other 6,500
Institutions Can Hardly Compete.
ENEN Alone:
Micromanaging A Control Freak Banking
System. But The Consummate Revolving
Door Really Leaves You With:
Just Control Freak Banking.
Meltzer 1
Meltzer 2
Richard Koo
Ellen Brown
EconMatters/Dian L. Chiu
-1- -2-
David Stockman, via CNBC
I Think He's Too Quick
To Make Safety Net
Programs Pay For
Banks' And Other
Lobby Supported
Inefficiencies And
Folly, But The Rest Agrees:
Liquidity Trap At Everyone's
Expense Ad Infinitum Entirely
To Carry The Banks' Folly Ad
Infinitum
-------
-------
Dallas Federal Reserve Bank:
Break Up the Large Banks
Sandy Weill: Break Up The Banks
ENEN:
But Leaving The Losses With Them?
Top Economists: Iceland Shows
the Way — Everyone Else Is
Doing It Wrong
via Ritholtz.com
I Placed These On This
Website Many Moons Ago
-1- -2- -3-
Charles Prosser, Pres. Of
The Philadelphia Reserve
Bank, Slams QE3
9/25/2012
Sheila Bair/Geithner/TBTF/QE
Banking Titans Call for Break
Up of “Too Big to Fail”
Ritholtz
Print Page Has Sources
Elizabeth Warren TBTF/
Death Of The Middle Class
Zerohedge
Krugman Says Unnecessary
But Baker: Breaking Up
TBTF Gives Hope For Change
Guardian
FDIC's Bair: 'Too Big to Fail'
Strategy Must End
CNBC
Jeffrey Lacker, Chairman
Richmond VA Federal Reserve
8/24/2012
Bailouts Wrong. QE Ill-Advised.
Former Fed Governor
Kevin Warsh:
Dodd-Frank Is About Control
CNBC, 9/14/2012
“We’ve memorialized
(Did He Mean Enthroned?)
TBTF instead of reforming it.”
"...Public utilities at the top
with special support from the
government and 6500 other
institutions not very good at competing
with that. That’s not good and is why
we’re not funneling real
credit and capital to the rest of
the economy...." (Now: Systemically
Important Financial Institutions
(SIFI’s"))
ENEN, Paraphrasing:
It's About Control Of A Privileged
Utility With Which The Other 6,500
Institutions Can Hardly Compete.
ENEN Alone:
Micromanaging A Control Freak Banking
System. But The Consummate Revolving
Door Really Leaves You With:
Just Control Freak Banking.
Meltzer 1
Meltzer 2
Richard Koo
Ellen Brown
EconMatters/Dian L. Chiu
-1- -2-
David Stockman, via CNBC
I Think He's Too Quick
To Make Safety Net
Programs Pay For
Banks' And Other
Lobby Supported
Inefficiencies And
Folly, But The Rest Agrees:
Liquidity Trap At Everyone's
Expense Ad Infinitum Entirely
To Carry The Banks' Folly Ad
Infinitum
-------
-------
Dallas Federal Reserve Bank:
Break Up the Large Banks
Sandy Weill: Break Up The Banks
ENEN:
But Leaving The Losses With Them?
Top Economists: Iceland Shows
the Way — Everyone Else Is
Doing It Wrong
via Ritholtz.com
I Placed These On This
Website Many Moons Ago
-1- -2- -3-
The Philadelphia Reserve
Bank, Slams QE3
Banking Titans Call for Break
Ritholtz
Print Page Has Sources
Elizabeth Warren TBTF/
Zerohedge
Krugman Says Unnecessary
But Baker: Breaking Up
TBTF Gives Hope For Change
Guardian
FDIC's Bair: 'Too Big to Fail'
Strategy Must End
CNBC
Awaiting A Reliable Linkage To
The Following, Roughly Here,
At Rollingstone's
"Global Warming's
Terrifying New Math"
Crediting / Debiting With
Special Drawing Rights, With A
By-Treaty Bonus Of 10% Conversion
To The Local Currency Of The
Acting Entity / Charge-Off Being
Directly In Its Local Currency,
Would Be Directly Parallel To
Risk Equalization Such As In
Health Care: Instead Of Conforming
A Government Program To Suit A
Monopoly So As To Subsidize
Discriminatory Monopolistic
Pricing And Gaming Of Risk,
Ending Monopoly And Doing As
Above For The Environment.
It's Actually A Simple Thing.
In The U.S., The Monopoly Gets
Paid Twice: Subsidized On Price And
Risk, Then Paid For A Credit-To-Them
Risk Adjustment When They DO Take
Medicare Advantage Patients
(Medicare, Otherwise, Is Already
National Health Insurance For Patients
The Carriers Don't Want.)
For Me, It's The Case That
The More Monopoly-Dominated
The Receptacle Of Stimulus,
Or The More Special Interests
Corrupt It, Then The Less
Effective It Is.
That's Simply Consistent
With The Effects Of
Structuring Government
Programs To Conform To
Monopoly. They'll Primarily
Benefit The Monopolists.
(It Certainly Is A Shame Persons
Concerned About Such Things
Never Make It On To Major Media,
Including If Standing Outside
A Convention.)
Awaiting Mod's @
"Romney plan: Oil. And more oil.
And did we mention oil?"
The last time I checked the law
of thermodynamics wasn't repealed,
so while the electric cars makes sense
with a grid fed by clean energy
sources, today, they're clean here,
dirty there users of coal and oil on
steroids
(highlights NY Times
quote of famous physicist)
--the majority of energy
is lost in transmission, though
superconductors can change that.
Simply moving cars to nat gas, a
natural stepping stone to hydrogen--
e.g., the Honda Civic GX to cars with
the technology of the BMW
Hydrogen 7, represents an immediate,
major, staged reduction in greenhouse
gas emissions, while feeding state
coffers, increasing employment,
cutting imports.
It improves the "ultimate economic
recovery" dynamic of those projects
which, in view of the massive shale
windfall, is what the U.S. needs and
can use, in view of its size, with
intense environmentally-minded
selectivity, to rebuild from the
damage of duplicitous, extractive and
influence-privileged monopolistic
banking and monetary power,
and monopolistic abuses in
most major sectors.
When the rich demagogue
in the piping and storage business
gets nat gas royalty holders
to align themselves with him instead
of campaigning for downstream
applications, it's like the health
insurance oligopoly convincing doctors
to align themselves with itself though
their Just-Go-Away deductibles
chase away the doctors' patients,
even though they need attention as
much as Americans need relief from
monopoly and influence masquerading
as capitalism and such things as the
Liquidity Trap here, and the
embarassment of their concomitant
exports: the Dollar Trap and
genetically modified corn and soy.l
To appreciate that there IS a
windfall to be had but that CAN
be wasted, just look at the example
of Argentina and Christina
Kirchner.
The punishment Of spanish YPF
investors, with particularity,
in the course of that firm's
nationalization, actually renders
Argentina less capable of
capitalizing on its own
hydrocarbon windfall, and
demonstrates how a policy
ostensibly populist while simply
serving more those in power
can have very
negative consequences.
The punishment of Spanish
YPF investors, with
particularity, actually renders
Argentina less capable of
capitalizing on its own
hydrocarbon windfall.
(for readers here)
The above enables financing
the build-out of renewables
and a smart-grid, including
new employment in medium and
high tech levels of applying
the latest knowledge.
"Romney plan: Oil. And more oil.
And did we mention oil?"
The last time I checked the law
of thermodynamics wasn't repealed,
so while the electric cars makes sense
with a grid fed by clean energy
sources, today, they're clean here,
dirty there users of coal and oil on
steroids
(highlights NY Times
quote of famous physicist)
--the majority of energy
is lost in transmission, though
superconductors can change that.
Simply moving cars to nat gas, a
natural stepping stone to hydrogen--
e.g., the Honda Civic GX to cars with
the technology of the BMW
Hydrogen 7, represents an immediate,
major, staged reduction in greenhouse
gas emissions, while feeding state
coffers, increasing employment,
cutting imports.
It improves the "ultimate economic
recovery" dynamic of those projects
which, in view of the massive shale
windfall, is what the U.S. needs and
can use, in view of its size, with
intense environmentally-minded
selectivity, to rebuild from the
damage of duplicitous, extractive and
influence-privileged monopolistic
banking and monetary power,
and monopolistic abuses in
most major sectors.
When the rich demagogue
in the piping and storage business
gets nat gas royalty holders
to align themselves with him instead
of campaigning for downstream
applications, it's like the health
insurance oligopoly convincing doctors
to align themselves with itself though
their Just-Go-Away deductibles
chase away the doctors' patients,
even though they need attention as
much as Americans need relief from
monopoly and influence masquerading
as capitalism and such things as the
Liquidity Trap here, and the
embarassment of their concomitant
exports: the Dollar Trap and
genetically modified corn and soy.l
To appreciate that there IS a
windfall to be had but that CAN
be wasted, just look at the example
of Argentina and Christina
Kirchner.
The punishment Of spanish YPF
investors, with particularity,
in the course of that firm's
nationalization, actually renders
Argentina less capable of
capitalizing on its own
hydrocarbon windfall, and
demonstrates how a policy
ostensibly populist while simply
serving more those in power
can have very
negative consequences.
The punishment of Spanish
YPF investors, with
particularity, actually renders
Argentina less capable of
capitalizing on its own
hydrocarbon windfall.
(for readers here)
The above enables financing
the build-out of renewables
and a smart-grid, including
new employment in medium and
high tech levels of applying
the latest knowledge.
Real Estate / CNBC,
Perhaps It Simply Reflects
A Window Of Opportunity
Here or Here (at EverNewEcoN)
-1- -2- -3-
-4- -5- -6-
(A Preferable) Pres(ident)
Christina Romer stimulus yes; Bernanke
carried-collateral-stimulus isn't that.
(Host Space Limitations: Neither Is
Subsidizing Loss-Sharing Ostensibly
Helping Mortgagors But Mainly Supporting
A Bubble After The Fact Or Other Of
The Trillions Spent On Programs Bearing
Nothing At All On Human Capital.)
The window is provided by the $US
trillions in near free reserves and the
concomitant Liquidity Trap, in turn
China's Dollar Trap, with the potential
for a carry trade turning the U.S. into
Iceland and Japan at each one's
worst moment, including the use of
the income on the savings from the
proceeds of all who SOLD the banks'
bubble and of all retirees including
those happening to have annuities
by way of sort-of-de-facto-
banks'-monopolistic power by way
of the retirees' sort of feeling
tax-locked and thus having to stay
with not simply the real negative
returns we all have on our
truly safe-money, but whatever lower
rate their provider sets.
THIS
PLACED
HERE
(At EverNewEcoN)
With The Resumption Of College
Football Play, And Concomitantly The
Reading Of Two Related Economic Studies,
I Used Each As A Double-Edged Sword
And Suggested The Presence Of An
Economics Of Intuition.
(Re-Written, Simplified,
Straightforward Basis:
Are Formuli For Forecasting
Algorithmic Mindmaps That
Fall Short Of The Full Spread
Of Variables Sensed By
Human Judgement?)
Football Play, And Concomitantly The
Reading Of Two Related Economic Studies,
I Used Each As A Double-Edged Sword
And Suggested The Presence Of An
Economics Of Intuition.
(Re-Written, Simplified,
Straightforward Basis:
Are Formuli For Forecasting
Algorithmic Mindmaps That
Fall Short Of The Full Spread
Of Variables Sensed By
Human Judgement?)
8/13/2012
Environmental/Budgetary
Policy
Monetary/Treasury
Policy
At Diana Olick's
(CNBC,) 8/1/2012
"Where Are The Move-Up
Home Buyers?"
Because Citing From
Numerous Comments Pages
Is Unreliable, Fully Here Too
(Slight Formatting Adjustment
For Better Suitability Here:)
The question is when will the
retirees be better able to
move down.
The near free reserves are at
the expense of the very large,
important income streams of
all who sold the bubble, who's
arms have been all but twisted off
by ever-more-severe Bernanke-
deliberately-created real negative
returns so as to force them
to buy back the bubble from
the banks.
Retirees receiving income from
often tax-sort-of-locked annuities
have also seen their incomes,
particularly, essentially ripped
off for this purpose.
------
The banks themselves are acting
like it's not worth leaving their
I.V. Drip, most likely lest
they see rates market-forced
up by the very fact of that
process itself.
------
------
------
Outreach Placed Here But On-Site
In Full Cause It Helps With
This
Buffett identifies home-denominated
bond as the issue.
If Spain had peso bonds instead
of euro bonds it might print more pesos
but then be less likely to default.
Neither is a good prospect after
a debt bubble aggravated by mortgage
bubble created by the West's
large banks. But, as unpalatable
as peso value dilution is, the lower
likelihood of default would likely make
peso bonds more salable than euro
bonds issued by Spain.
So the monetary control is the
issue, not the flag on the bond.
A nation's goal should be a stong
currency and high wages, the two
reflecting a high people's worth,
the effect called "Terms of Trade."
But, an unduly, unyielding
perception of strength can not
always be helpful, so, actually,
Germany at times derives some
benefit from sharing the euro.
Let's see this another way.
Here's Robert Mundell's "impossible
trinity" (you can't have all
three simultaneously.)
A fixed exchange rate.
Free capital movement
(absence of capital controls).
An independent monetary policy.
With euro, Spain ditches the fixed
rate and the independent policy.
Without euro, Spain gains the latter
instead of having just one of the three.
Mundell's baby, the euro, is only
burdened by Europe's not being
ready to act as a more unifited
entity. Its present
experience serves as a warning
to those in the U.S. who would be
lulled into pulling states' relations
closer to their colonial one.
------
------
Harvard Business Review,
7/31/2012
At EverNewEcoN
Reflecting On This
In Case It's Difficult To Find:
Why the best odds for oneself may
come from treating people
fairly instead of being a controlling
monopolist:
Thin / fat tails, or near and far
what-if’s, appear to mirror
quantum mechanics. In each, the
forest of possibilities converge the
closer one looks, till, it’s theorized,
the intersections of possibilities, like
waves in an ocean, become more
sort-unified and distinct, until one
arrives at entanglement.
Therefore, economic logic appears
to follow a universal logic.
Another Picture Of That
Breaking Up The Banks Should Only
Work Hand-In-Hand With Attempting
Annulling Backstopping Of Liabilities
And Fraud.
Bankers, If Self-Presenting
As A Group, Not As Outlyers
As May Be The Case With Sanford
Weill, Will Support Breaking
Themselves Up Only When They
See Themselves Following In The
Footsteps Of Jon Corzine, But
Now With The Entire World Left
Holding Their Losses.
Really, For What's Been Given Them
So Far, In Terms Of Free Reserves
Trading On Interest Paying
Government Debt, That Income
Should Be Redistributed To Those
Who Surrendered Their Right
Calls To The Banks
-----
Most Particularly,
Those Who Sold The
Bubble Have Had The
Income From Their Proceeds
Confiscated In Support Of
The Bubble After The Fact.
That's The Income On The
Proceeds Of Their Life's
Greatest Investment.
The Income From Lifelong-
Created Nest-eggs Of
Dutiful Retirees Has Suffered
The Same Fate.
But Everyone Is Benchmarked
To The "Liquidity Trap" And
Everyone Suffers From The
Departure From Sensible
Priorities.
When I Ask People
What Should Be A Nation's
Goal, They Often Look A Little
Bewildered. When I Suggest
Health / Happiness, They
Sometimes Look Confused.
Dites-Moi Pourquoi.
On A More Practical Day-To-
Day Basis, A Nation Should
Seek A Strong Currency And
High Wages, Those Reflecting
A People's Worth.
To Economists: "Terms Of Trade."
We've The Opposite Policy,
Only Temporarily Supported
By Issues Abroad, Which
Policy Benefits A Relative Few.
Our Environment's
Human Utility's Going
The Wrong Way In A
Hurry Too.
Together, Those Things
Will Simultaneously
Clobber Our Personal
Health, Our Community
Health, And Earth's Health,
At Least Insofar As Humans
Are Concerned.
We'll Ultimately ALL Be
Poorer Because Of It.
The Banks That Policy Has
Supported Don't Themselves
Like The Prospects Currently
Emanating From That
Policy.
The Many Reasons For That
Are Looking Confirmed.
The Economic Considerations
Of That Run From The
Intensely Practical On A
Day To Day Basis To More
Fundamental Considerations
That Are Nonetheless Totally
Easy For Readers To Understand
Now Also Imagine (You
Might As Well--It's A
Fact, Jack--)
That Many Of Those
People Who SOLD The
Bubble Assets Whose
Benefit Has Been / Is
Currently BeingRipped Off
Are Also In (Medical)
Premium Death Spirals.
-----
-----
Outline Version, Risk
Equalization, Control
Vs. Market Ideals, And
Sector Intracacies, In
Relation To The Macro-
Economy, Is Only In-House
(Linking The Patient
Explanation When I
See The Right Location)
Addressing Monopolist
Apologetics
Health Care
And ON The Supreme Court's
Upholding Of The Health
Coverage Purchase Mandate
On Grounds It's Falls Under
The Taxing Power
ON Krawcheck's
"I Don't Think You Want To
See What It Would've Looked Like
If The TBTF Banks Weren't
Immediately Bailed."
Responding to
THIS
At usnews.com
The Actual URL There
Reads In Part:
"the-government-shouldnt-
subsidize-higher-education"
It's Actually A Shock-
Treatment Seeing Their
Headline
Is Fully C-P'd
HERE
EverNewEcoN2
(EverNewEcoN2's
now set to Public View--
sorry it wasn't before)
Works Mainly
With This
Newly Consolidated Health
Rationalization Stuff
MY PLAN RE-ALIGNS RISK,
IMPROVES ACCESS, CLINICALS
(EverNewEcoN,)
Daily Kos, 5/18/2012
Unemployed Out of Luck as Fed
Quibbles Over Jobless Rate
Jeff Kearns, Bloomberg News, by way of
Financial Post, 5/23/2012
at EverNewEcoN
5/24/2012
at Sally Krawcheck's
"Four Ways to Fix Banks,"
Harvard Business Review
at EverNewEcoN
With the Realities of
"Ultimate Economic Recovery"
Coming to Light, It's
Becoming Clear
This
Issue Can Actually Kill
Off The Shale Windfall,
And It's Only A Windfall
That Can Really Compensate
for Employment's Taking
a Back Seat To Massive
Near-Free Reserves for
TBTF Banks.
(2 Comments Here
at EverNewEcoN)
At DailyKos'
Krugman Goes Doomer!
This is Going To Hurt.
EverNewEcoN
Responds to Jim O'Neill's "Growth
Economies Have Emerged And Are
Assuming the Driver's Seat,"
at alchemy.secondmarket.com
(The following was offered and may
have been declined; however, his column
appears comment free altogether.)
$US Trillions in near-free reserves so
bank holding co. large holders and perched
leaders don't have to take losses / lose
their banking power, in lieu of everyone else,
including the retired and their private
retirement instruments, and all who
SOLD, rather than created and / or
bought, the bubble, receiving a
non-cronyist return on their savings and
bubble asset sales proceeds, naturally
creates as situation precisely opposite
from what a nation's goals should be:
a strong currency and high wages, those
reflecting a people's worth.
That currencies like the rupee
should suffer collateral damage inasmuch
as the rug gets pulled out from under
them when the Federal Reserve
has to mark up the reserve
accounts of these self-privileged bankers,
when combined with the viewpoint of
the columnist quoted, to me, implies the
false blame of the middle class here is worse,
or at least bad enough, that it's still
worth doing what it looks like the
combination of these bankers and
their clueless Congress have created.
When a few bankers in Iceland were told they
were good to go to kite U.S. derivatives, and
the Krona was thus yielding
12, 13%, and Japan was in a post-debt
bubble with their government learning the
hard way to stimulate fiscally,
though still not in the manner of Chile, people
borrowed yen to as to buy Krona.
The Fed / Congress are turning
the U.S. into Japan and Iceland combined
at each nation's worst moment.
QUite an achievement in the
world of dumb.
(Instead of your buying back / buying
the bubble you just sold or at least
didn't buy, and instead of in large part
buying the the bankers' formuli for
ostensibly helping those who can not
expect to recover their equities and
who should now be allowed
to move on, non-recourse, so that legitimate risk
taking can be encouraged, and that all against
your own interest, this consitutes a path that
would've ended the "crisis" years ago
by way of the smart-a's losing their billions
to all who simply soccer-kicked around their
self-... simply made good decisions despite the
odd things bankers in marbled
buildings were doing.)
Ramsey Su
Mary Anastasia O'Grady
(each past labeled "Article Free Pass" and
each presently full-length posted online)
But bankers generally can still think they
deserve bonuses at taxpayer expense, be
oblivous to the flattened retirement
accounts, the drafting for their own purposes
the interest income of those who made the
right decisions, the negative
return-based arm-twisting aimed at making
those people buyback the bubble they just sold,
the gasoline tax supporting
the car / energy cos but the reader being
told that mass transit needs special offsets,
the late-to-clinic uncovered's
expense getting shifted into others' premium
but with the cartel being self-risk-defined teflon
(even in Jaws at least the swimmers who
weren't eaten didn't face a choice of
"go naked" or "premium death spiral,")
quite possibly be unaware of the BRIC's
variously seeing their currencies having the
rug pulled out from under themselves
by the folly in the U.S. but otherwise the aim
of investment at the expense of the dollar and
the U.S., thanks to policies supporting the
funny-bubble after-the-fact.
How Policy of Privilege Sells Out A Nation
Short Sales Higher, Prices Lower
Diana Olick, realtycheck,cnbc, 4/23/2012
at evernewecon
Less desparate sellers are also waiting
for the dead brush to get cleared.
But a pent up need to sell, quite possibly
particularly from among retirees whose
retirement incomes have been flattened by
the "Liquidity Trap" aimed at I.V. feeding
the TBTF banks and cajoling people out of
their negative returns, could be building.
The very people who would clear the dead
brush are those who sold the bubble, which
Mr. Bernanke wants them to buy back.
So, we've gone
FROM
broken poker--which is
put up or shut up for you, but not for me, and
not simply because of empty creditors
(Henry Hu / Univ. of Texas,)
or even just because of shorting your own
original hand, but potentially even packing
your own hand as a loser, getting others to
buy into it, and then shorting it (I'm not alleging
any particular entity has done that,)
TO
each player can see the other holding unturned
cards, but the government wants blind bidding
so property will pass in any manner supportive
of the first game.
Unfortunately,
it's a slow death for those who made
the right call (selling the bubble,)
as they're paying rent while not
getting the benefit of the proceeds
from selling the bubble, which benefit
has essentially been grabbed.
Watch out! Is the Fed pushing us
into another bubble?
Sheila Bair, at CNN
Does she still think that rates after
THIS?
When someone falls off a cliff,
after the first 90 feet,
it might as well be for a mile.
These banks should've simply
failed lying in their own derivatives.
The holding companies' equity holders
were the rightful losers, whether or not
derivatives investors have arguments
for annulments.
(Disclaimer)
"Dumb Money" Refuses To Be The
Dumb Money For Yet Another Week
On
53 Percent Of All Young College
Graduates In America Are Either
Unemployed Or Underemployed
theeconomiccollapseblog.com
Our political structure
is easily adjusted to being
more democratic by way
of removing the
conflicts of interest, of course,
and thus the heads I win,
tails you lose element.
Until then, it will be
“extractive,”
(but "extractive" of all
not benefiting from demagoguey,
not simply minorities.)
Then, free enterprise incentivization
makes tons of sense (and cents.)
and we will see people
educated rather than
imprisoned for profit
With growth, including
making a more habitable world,
all cylinders would be firing,
the growth would be unimaginable,
we’d need all hands on deck, and
tuition could affordably be free,
which it should be.
On Luck and Economic Policy
--The Automatic Earth's The
Significance of Luck In Poker and Life
Without the broken poker, which is
put up or shut up for you, but not for me, and
not simply because of empty creditors
(Henry Hu / Univ. of Texas,)
or even just because of shorting your own
original hand, but potentially even packing
your own hand as a loser, getting others to
buy into it, and then shorting it (I'm not alleging
any particular entity has done that,)
then (where it's NOT broken poker) the other
people in the game would by implication have
real oversight in the maintenance of fair rules.
The purpose of that would be rightful goals.
If we analogize the above to sectors and nations,
we wouldn't have heads I win, tails you lose
policy-making, and the nations' goals would
be strong currencies and
high wages, the two reflecting the high
worth of theircitizens.
The most obvious, immediate, major
risk, has to be grasshoppers
morphing from the excessive heat
and creating a new dustbowl...
(at evernewecon)
(Also, depleting our farms of migrant
workers would have an imitative effect.)
ON:
Don’t Blame China’s
Currency for U.S. Trade Deficit
Yukon Huang, Bloomberg,
(comment late in queue, or declined
(I'm still in good standing at Bloomberg;)
last time I checked though, I still
had my own website. Voici:)
The heads I win, tails you lose policies
in banking / mortgage / monetary policy,
as well as in health care, as well as the
only-oil/cars transportation policy, combined
with the false blame of the U.S. middle class
and everyone in sight around the world
extractive
(but "extractive" of all
not benefiting from demagoguey,
not simply minorities.)
of the U.S. middle class
and, when combined with Congress' going
along with looking to displace blame, is
extractive of everything foundational
to the U.S. economy.
A nation's goal should be a strong currency
and high wages, reflecting a people's worth.
Imprisoning for profit instead of educating,
and the middle class - abusive,
and anti-democratic structures
above now threaten this.
I'm not an apologist for the CP in Beijing.
Communism is their pretense.
I simply don't care for CRONY-capitalism
I'm for people screwing up
w/o the help of cronies.
Please see THIS
Imprisoning for profit instead
of educating is extractive.
same as is free reserves.
Obamacare, Legal Issues,
And More
(Find evernewecon
at Wharton Knowledge
(3 comments to accomodate
the volume))
This
part means, in essence, you are already
paying against your own volition for the
uninsured's coverage, though your carrier's
pre-defined,limited risk means it gets a "Go
To Pre-Defined Profit, Do Pass Go" pass.
WHY EDUCATION IS OUR MOST
IMPORTANT JOB, AND HOW
THAT RELATES TO TODAY'S
ISSUES
(find evernewecon)
On A Natural Gas Trucking Bill,
at Seekingalpha,
at "evernewecon"
Reflecting on GEORGE SOROS:
The Euro Crisis Just Entered A
'Less Volatile But More Lethal Phase'
While a nation's goal should be a strong
currency and high wages, reflecting high
worth of its citizens and of their efforts,
the race to the bottom in currencies reflects
free reserves and cheap and desparate trade
efforts so as to compensate for asymmetry.
That takes out, collaterally, the currencies
of others, including
newly developing nations.
Now, by way of Wharton's free newsletter,
here is Christine Lagarde giving them
lipservice.
But, now, we have the sport of spotting the
"chicken switch gap."
Wharton recognizes austerity bashed Spain.
A bundle from here (needing some updating.)
The false blame of the U.S. middle
class for the asymmetries and the concomitant
bubbles and crashes of those with influence,
particularly if they come with further threats
and actions in the nature of rating downgrades,
can ultimately do serious damage in the U.S.
There is a prospect of the acceleration of
the "extractive"
(but "extractive" of all
not benefiting from demagoguey,
not simply minorities.)
policies above, though those
policies, whether resulting from the folly of
leaders in one country or another,
can include anything destructive to those not
pulling the strings of nations' figureheads.
On Bank Leaders' Complaints
About Regulation and
Otherwise Saying In All
Manners and Forms Buy
R.E., The Fix is In
ON EUROPE, FIREWALLS,
FIGUREHEADS, ETC.
ON WHY I LOVE APHA BUT DON'T
SHARE THEIR EUPHORIA FOR THE
CURRENT MANNER OF REFORM
(SEE)
A Take
(alternately here at: )
"Democracy instead of
asymmetry, the jury being out still...
as to Christina Kirchner."
On Economic Power
Relevancies,
The Promise of Democracy,
And A Song
NOW SEE
AND PARTICULARLY
2 COMMENTS HERE
(" evernewecon ")
as to false blaming of the middle class,
along with everything in sight by those
benefiting from the asymmetry - bubble cycle,
and, as to the dubiousness of
EXISTING U.S. health care's
economic and legal validity
(disclaimer)
U.S. / Chinese Prospects:
A Comparison
Now Checking Into This
THIS part of that comment is
consistent with Jim Grant's,
CNBC with Maria Bartiromo,
4/1/2012
2 Important Comments
(at EverNewEcoN)
Revealing
Much About Myself, And,
Apparently, Engaging The
Enemy of
Honesty
(not the column writer--
the disapprover)
(alt.: multiple
comments HERE)
"Pre-textualization" of programs ostensibly
aimed at providing basic protection of,
or, the very existence of (?) the middle class,
compared with abuse of the fact of requiring
many students to undertake crushing loan
burdens for the attainment of higher education.
(at EverNewEcoN)
parallels not simply to the Japanese / Iceland
carry trade, but to the history of the
withdrawal from the worldstage of
the Ming / Qing Dynasties.
(also at EverNewEcoN)
A comment locally (San Diego) as to
the full breadth of the asymmetry
and horror of shell-game-based,
preventionism-deprived, health
care delivery, and as to how it
disastrously suffers from an
uninformed lack of
interdisciplinary perspective.
(at EverNewEcoN)
Comment on ... everything
The Pretzel -Twisted Logic
Of Operation Twist
(L , L)
It’s all just another day, another way,
everyone held hostage to protecting
bank profits. And then, because of that,
you get this (video:)
(nominal rates so TBTF banks get virtually
free reserves; so, go fish in the stock
market.) This is laying false blame:
a casino economy and nothing more--
just like panning for
diamonds in Senegal."
Do We Even Reach The Krugman - Keen
Debate But For the Extreme Asymmetry?
(The Real Estate Example Is
Paralleled Across Other Sectors,
Particularly Health Care.
In Transportation, Passenger Rail
Went To Amtrak Cause Moving People
Is Not Profitable In The Manner Of
Moving Freight. But Driving Cars
Is Expensive Too)
(COMMENT)
Comments on Policy Choices
Avec Specific Ideas
2 MORE COMMENTS, THIS PAGE
a whole gaggle of comments
3/27/2012 here
INCLUDES:
Actually, a nation's goal should be:
high wages. strong currency.
Exactly the opposite of what
our politicians advocate.
INCLUDES:
If someone can't move from
San Diego to Las Vegas to, say,
take advantage of a r.e. op, or,
say, to take advantage of a
job - person match, because
they have a risk
factor and the insurance cartel
has a statutorily
guarded immunity from
the anti-trust laws and concomitantly a
self-pre-defined no-lose (there's that
asymmetry thing again) poker hand
(we ARE talkin' Vegas, after all,) then THAT'S
not an interstate commerce issue
because (choose from the following
multiple choice.)
1) The people screaming interstate commerce
are puppets.
2) The people screaming interstate commerce
only heard one side.
3) All the above.
4) None of the above.
This website proposes
(offered in Outreach)
removing the
heads I win, tails you lose
element from health care in a
manner entirely preserving
of capitalist incentives
(Adam Smith envisioned something
very different from what
demagogues would lead you
to believe.)
It does this by aligning risk
along a level playing field.
Risk = cost.
Modeling after a
CO2 Same Or Higher Production
Debiting/Lower Production
Crediting Mechanism
(Spec. Drawing Rights)
today patient risk is readily
quantifiable, so a financial
patient population risk equalization
exchange is possible as has been
proposed for penalizing / rewarding
CO2 over - producers / CO2
emissions preventers.
This would then be
modeled on
MODIFIED
environmental
carbon tax proposals.
in application, incremental from this
(no connection to ENEN)
It removes the two-tier problem,
the first such 100% free market
proposal that does that (?) so long as
indigent support partakes
of it without use of separate mechanisms.
(placed earlier:)
In a nutshell, here ,
hit this:
Showing first 5 of 11 replies. View All
-OR-THIS because otherwise you will be
campaigning for your own choice of
"go naked" or"premium death spiral"
CURRENCY ITEM
(or evernewecon here)
REALTY ITEM
(or evernewecon here)
COMMENT / HEALTH POLICY,
EMPLOYMENT, INTERSTATE COMMERCE
COMMENT / BERNANKE'S
EMPLOYMENT PEP-TALK
COMMENT / TRANSPORTATION
2 comments here
(health care)
(at evernewecon)
COMMENT / REAL ESTATE TIMING
(OR AT evernewecon)
COMMENTS / REAL ESTATE (TIMING
AS TO BUYING BACK IN FOR THOSE WHO
SOLD BUBBLE ASSETS)
(OR HERE, SEE 2)
Is the real estate sector approaching
(or here, at evernewecon)
a window of opportunity or the successful,
permanent ripping off of all those who SOLD
bubble assets 4 years ago?
Those who did have not only been paying
to prevent themselves from clearing the
market at genuine mark-to-market levels,
the proceeds from their
bubble assets have seen their time value
ripped off.
They would have been better off not
having had a bubble (created and bought
by the very string-pullers controlling the
mortgage market) to sell in the first place.
Then, their
pre-sales liquid assets would have
continued earning an honest-economy
rate of return.It hasn't been progressives
co-opting themarket, just cronies.
For everyone who bought bubble assets,
someone sold them. They should have been
allowed to quickly, painlessly, efficiently
clear the market 4years ago. They should've
received anormal-economy return on the
proceeds from their bubble assets. In a
non-recourse regime, that's the favorable
course for the mortgagor, who's in any case
isn't expecting to recoup his/her equity, and
whose feet are being held to the fire only
ostensibly for their favor.
Our leaders the world over are x-xxckers.
We have to do this ourselves.
I issued a specific warning
re: the $US.
At: / Alt. (evernewecon)
THE BIG QUESTION:
Are Retiring Baby Boomers
About To Crash The Stock Market?
Their retirements' have been crashed.
Interest on saving have been enlisted
into the grand cause of near free reserves,
an I.V. drip for the people who created
the fiasco of 2008.
So, in that sense, the question is
asked backward.
But then, their undeserved loss in
that regard actually does drag on
the economy, obviously.
Let's look at a logical extreme,
often a helpful thing.
If you sold bubble assets, you're helping
pay outright for the losses of those
who created the bubble (yes, but for
them, no selling peak, but then, it's
their stupid decision, your smart one, and
you deserve to not get ripped off;) you're
watching your tax dollars directly /
indirectly go toward buying those bad
decision makers' bubble assets get acquired
for not-market-value, the proceeds
from your bubble assets
are collecting nominal interest in favor
of those same not-nice people, and all
of this is precisely so you can
buy your own way out of benefitting
from your own GOOD decisions.
Last time I checked, nothing's happened
to prevent a repeat from occurring.
Nothing's happened as regards windfall
profits taxes. You're actually giving those
takers of your would-be deserved benefit
bonuses for their self-presumed
brilliance, something they presume to
offer frequently right here at B.I.
Let's talk not misfeasance, but
malfeasance. Where it exists,
it should stay, not be passed on to you.
Then, hopefully,
much of the quite serious derivatives
issues could conceivably
be annulled (NOT LEGAL ADVICE.) And,
besides, most that
should net out w/o horror stories for you.
Also, where dumb bankers should end up
owing a trillion
dollars, they can look at it this way:
when a person falls off a cliff, after the
first 90 ft. down it might as well be a mile.
At: / Alt. (evernewecon)
GOLDMAN HEIR SPEAKS:
Greg Smith Was Right, They Ruined My Great-Grandfather's Company
Whatever.
The asymmetry goes back a ways, eh?
(Duplicates, but now in
parallel to the banking sector:)
Considering particularly that over 40,000
Americans die prematurely annually
from want of health coverage
(their cost is shifted into your premium
but the cartel is only responsible
for a predefined
cartel-controlled reduced risk, )
it's as though, in the movie
"Jaws,"
the leader of the Amity Town Chamber
of Commerce succeeded in perpetually,
continuously keeping the Amity beaches
open even as people kept right on
having their limbs chewed off by a
great white shark. It's expensive for
all of them, but he and his businesses
make out.
When the high risk exchanges roll out
in 2014 that'll be the greater risk palmed
off onto the taxpayer, the cartel's
re-defined large margin, on top of a
massive admin. cost,
only volume-limited. Actually, the more
tests and work the doctors do,
the sicker you are, the better the
cartel will make out.
Did I miss anything in banking or is
that generationally pretty much the same?
If the banks lose on some debts,
that's one thing. If they decide they can
take on really huge risk, will it be near
free reserves and my interest
income again? all depriving those who make
good decisions of their own benefit
and with the cost of that self-deprivation
coming from themselves?
The asymmetry is still there, isn't it?
But it's interesting hearing Henry's
concurring words
on GS just the same.
Adara's Story
(You've been in a health casino
all along. It's simply been
a game where the carrier can't
lose and you've been served
at sufference. )
Here, regarding at 4:45,
THIS
Too many frauds and borderline-too-much
insulting smart-asses in our faces.
Bernanke not only slammed your savings’ interest
rate to nominal so as to extend
near free reserves to the TBTF banks, he also
made you their buyer of collateral
not-at-market-value and also made you their
back-up lender in place of themselves,
you taking on that role with interest rates as low
as rates can go, essentially.When interest rates
rise, debt assets fall in value.
That’s you.
Enjoy.
(as to Fed independence, priorities)
I couldn't believe it.
Cramer , 3/21/2012:
"The U.S. banks are like
Fort Knox--they've done something right here...
compared to the Chinese, Latin American
and European banks."
Dear Mr. Cramer:
Imagine after the dot-com bubble and the
crash of TSCM stock, the Fed and you enjoyed a
private economy wherein you received $US trillions
in near free reserves at the expense of the interest
of all savers worldwide.
Imagine your co. in part lent money for profit from
that activity in itself but after your lenders
defaulted the Treasury Dept. arranged "loss sharing"
with your customers but the Govt. also covered most
of your customers' losses with you being able to
fudge your share.
LeFavre: "investors hunting for yield..."
ENEN
The Employment Reports Have a More Subtle Flavor:
like coconut? light cinammon?
But they still taste fishy.
How It Is Policy In:
the environment, trade, domestic economics,
transportation, energy, health, city planning,
elder care, information technology, education, culture enrichment, all supportive of human capital
for today and the future, and of the
health and happiness of the people, can be intertwined,
and provide field placement opportunities in all fields
bearing on the above for college students.
All the above are enablers for independent
corporate actors.
The Latest To Lay Blame On the Middle Class Doorstep
(L , L)
Real Estate Prospects (A Picture's Worth a
Thousand Words;
Two Pictures, Two Thousand Words)
students begging for sharecropper status compared
with unimaginable loss from inefficiency
from corrupting influence
U.S. economic policy and the U.S. middle class /
concomitant Chinese industrial pre-conditions issue /
blame false laid on the U.S. middle class,
and, the "carry trade"
early policy proofs (evernewecon) as to puppets
scapegoating the middle class and really
pretty much anyone in sight around the
world for the folly of their paymasters
On Occ.
(alt., at evernewecon--
other ENEN comments present)
comment stuck here
Businessinsider.com's
The #1 Datapoint We're Excited
To See This Week
As of 2/5/2012
video not yet posted at C-SPAN:
During Chmn. Bernanke’s address and Q / A
session before a Congressional Committee
today, Prof. Bernanke said the Fed has no
impact on employment,
only on inflation.
That is disengenuouse.
The Liquidity Trap, $US trillions in free reserves
for bad banks at the expense of everyone’s savings,
let alone of those who actually did the opposite
of those banks:
made good decisions and just sold their
stupid bubble assets, the benchmarking of capital
formation to a negative real return on savings,
the taxpayer’s picking up the tab for the
funny-looking loss sharing, with banks able to
buy back on the cheap, all instead of those banks
having simply been recapped where necessary
owing to their own mistakes and folly, is
directly responsible for the high unemployment rate.
also:
(Duke U., from 2/13/2009)
Bernanke’s own actions create a circumstance
wherein he cannot prioritize employment when
considered with nothing more basic than the
money exchange equation itself.
P=MV/Y
price = money supply X velocity divided by output
The very reliability of the figures
used to guesstimate anything having to
do with that equation is bastardized,
however, when the likes of the
following is issued.
Bureau of Labor Statistics Trumpets
Misleading Labor Report
2 COMMENTS
This is not new to those who understand what
is happening. ENEN agrees with Nassim Taleb
that few in Congress do.
Most took the line that blames students begging
for sharecropperhood with student loans
(should be free higher ed,) Medicare, Social
Security, etc. for tax breaks for billionaires,
nominal return on savings and investment being
benchmarked to that, along with everyone else
in the world blamed, including such things as
the rupee being collateral damage, for the
folly of bad banks, the cost-plus, morbidity-
promoting monopolistic control of the
health sector, including of the nation's
representatives making decisions in that
sector, etc.
They could work through this,
for starters, perhaps.
If we had an Administration of just Christina
Romers and a Fed more committed to the
general population than to the TBTF banks,
we would not now have to concern ourselves
so much with these columns.
Meltzer 1
Meltzer 2
However, Congresswoman Kathy Castor’s
(D-Tampa, FL) comments reflect a very good grasp
and seem as though they might as well have been
uttered by this author.
Ellen Brown primary
Ellen Brown next if you have time.
encore une chose
(the one Bernanke really won’t want to see)
ENEN on the disengenuousness of calling
for bank haircuts without explaining
the taxpayer is paying for them, and
questions about the DP leadership.
the following verbatim at CNBC, though as
usual, with transcription problems
applied at businessinsider.com
The only thing sadly unspoken is Santelli
omitting that it's charity for bad banks.
When Dean says the banks are taking haircuts
he's being either naive or disengenuous.
Not included in the video was immediately
following what's shown: Sorkin telling Howard
Dean the taxpayer pays for the banks losses.
(How that is:) haircuts under
the current Fed arrangement ("loss sharing,
an easily fudged crock, even as noone ever
actually would agree to loss sharing, this
after paying for MBS's at not-market value;
and the banks get to buy back the mortgage
paper after the taxpayer
pays for their own original overvaluations.)
(Duke U., from 2/13/2009)
Where, there is a non-recourse regime, this is
compassionate, quick, honest, efficient, simple,
painless to all but the one who committed the
mistakes and the folly.
krunchd.com/thehonestpath
Howard Dean's haircuts is simply holding
borrowers'feet to the fire and taxpayer
paying banks for their losses.
fur.ly/755/dontshaft
(Hint: The DP needs new leadership.
Until it obtains it, Buddy Roemer is
an interesting candidate.)
Obama to Use Pension Funds of Ordinary Americans To Pay for Bank Mortgage "Settlement"
Yves Smith's Naked Capitalism website
Consistent is this:
The "offer"
to allow the U.S. Government to accept competitive
bids from pharma cos. and in exchange
allowing some of the huge tax breaks running to
the uber-wealthy, borrowed from China, and financed
by the middle class and its children and grandchildren
to lapse.
(Hint: It's not a real quid pro quo.)
Ultra-wealthy but also depraved people prefer
the middle class bestowing advantages to the
wealthiest; and, they actually do NOT want the
U.S. Government to be able
to accept competitive bids from pharma.
(So, this looks like a cynical offer worth little
more than gag value.)
Column On Constructive Looking
Macro Chart
from Joe Weisenthal
And Mr. Humble seems to agree, calling the
market more "unimodal," as opposed to "bimodal,"
as in traditional bell curve
vs. one with a panic bump.
(The humble bit actually sounds a little like Drax
(Moonraker) and though he's quoting this:
which could otherwise simply say it wasn't a bell curve,
I tend to think more people should discover Sangria
ever-so-thinned-out with a dash of rum.)
It seems to come down partly to whether
Bernanke can, umm, how do
I put this nicely. fence this?
(Duke U., from 2/13/2009)
So that would be the "Big Fix" folks are giddy
about. But a world will deserve windfall profits.
Upon an audit happening, and allowing for the argument
as to current confidence in affected institutions being thus jeopardized the audit can stop at 3 months short of
the present, those quantities and bestowed favored
rates can instantaneously be cross-column compared
with said respective amounts’ market-based income.
We’re talking about an inside-economy that placed
the free market on hold for itself while the people c
omplaining about it were pepper sprayed, with sweet
kitten-like girls sickeningly singled out for the treatment.
That difference should be made up in whole.
It can be paid on the installment plan.
I've no idea whether the reverberations
from the collapsed mortgage bubble have ended,
though I would be happy to see the
Europeans cozy up, so long as someone gets
us our Windfall Profits Taxes.
"China Can't Grow Its Way Out Of A European Recession,"
by Nin-Hai Tseng
ENEN commented:
China is spectacularly successful, and a dash of
communism has been on the scene. I think that was
of kick-start value for people with nothing muchin
the manner of the Kibbutz. Today it's likely more a
pretense for annoying self-dealing,
self-authoritative people.
China is like the U.S. in 1950. primary
growth phase. You really only need some cash
and a pulse to keep investing in the basicsof that
growth and to make out well (financially, not socially
necessarily.) Some of that authoritarian self-dealing
underlies a system of building (or even locally
exaggerating data) something for showing something,
but part of the problem is a
world laid waste to massive free reserves in the U.S.
because of a mortgage folly kited like a
universal broken poker game.
Put up or shut up was one-ended, and China was
not holding the unlimited hand. The result of
the policy of the Fed to preserve the perch of the
bad bankers, passing all manner of excessive cost
onto the taxpayer and subordinating all savers and
currencies to the Liquidity Trap policy, combined
with Congress' blaming
everything on China, is now potentially creating a
carry trade favoringthe yuan. China is large enough
that in the end it may only need itself. The U.S. will
likely imitate its mini-self-image Iceland in blocking
Chinese firms from using the transfered capital to buy
U.S. cos. too easily. One thus has to wonder if there
is a parallel to the experience of the Qing and
Ming Dynasties. None of the above is of forecasting
value either as to personal investments or macro
planning. I cannot tell you what the weather
will be like tonight right herein my home town.
"A New Stimulus: Have Wall Street
Bail Out Main Street,"
by Allan Sloan
ENEN commented:
Not doing this
(2 FRAMES--FIND THE SWIVEL SWITCH THINGY)
early on, and where non-recourse rules the day
it would have been efficient, effective
compassionate and oh so simply encouraging of
an optimal degree of risk-taking by nice parents
with nice families and cute puppies.
It would have obviated the liquidity trap,
the collateral damage around the world, the false
blame laid on Social Security and Medicare.
Now, the taxpayer, the saver, the man / woman
who made good decisions, the fellow in India whose
currency has been shredded by the massive free
reserves for bad banks, the retiree living off
the banks' instruments, town whose
growth capital is getting chased to China because
Bernanke needs 0% reserves for banks and
Congress wants a higher
yuan (how about that one, huh? They're actually
turning the U.S. into Iceland and Japan at the
worst moment for each
of them during the carry trade) are all covering for the
banks, and in some cases Al and Peg Bundy
keep the house w/o paying.
"Jobs: We need long-term
solutions too,"
by Becky Quick
ENEN commented:
Not doing this
(2 FRAMES--FIND THE SWIVEL SWITCH THINGY) early on,
and where non-recourse rules the dayit would have been efficient, effective compassionate and oh so simply
encouraging of an optimaldegree of risk-taking by
nice parents with nice familiesand cute puppies.
It would have obviated the liquidity trap, the
collateral damage around the world, the false blame
laid on Social Security and Medicare. It would have
prevented the bankruptcy of many large cos., such
events taking employment in the wrong direction,
wouldn't you say? Public education needs to be
utterly more lavished on and higher education
much more accessible. It takes but a second to
imagine where the newer jobs come from:
environmental remediation (repairing damage,
is a tangible positive product, whereas the damage
was a tangible hidden cost.)
Intermodal transportation.
Destroying earlier rapid transit systems can have
a positive side: newintermodal systems, taking
advantage of smart-systems. Dovetailing nat.
gas-powered cars to hydrogencars, creating new
technology and jobs downstreambut also
using royalty-based targeting of
new nat gas sources, the new tax revenue
part-matched to promoting investment in supplanting
coal usage. There variations by which infrastructure
can be efficiently and innovatively renewed can
mirror the innovation witnessed on the internet.
The closer a nation comes to firing on all cylinders,
the more it educates rather than incarcerates,
the more of everything is needed. From all that a
greater batch and flow of talented thinkers
and inventions will flow.
It is the abuses of self-serving controlling
influences that prevents that from happening.
solutions too,"
by Becky Quick
ENEN commented:
Not doing this
(2 FRAMES--FIND THE SWIVEL SWITCH THINGY) early on,
and where non-recourse rules the dayit would have been efficient, effective compassionate and oh so simply
encouraging of an optimaldegree of risk-taking by
nice parents with nice familiesand cute puppies.
It would have obviated the liquidity trap, the
collateral damage around the world, the false blame
laid on Social Security and Medicare. It would have
prevented the bankruptcy of many large cos., such
events taking employment in the wrong direction,
wouldn't you say? Public education needs to be
utterly more lavished on and higher education
much more accessible. It takes but a second to
imagine where the newer jobs come from:
environmental remediation (repairing damage,
is a tangible positive product, whereas the damage
was a tangible hidden cost.)
Intermodal transportation.
Destroying earlier rapid transit systems can have
a positive side: newintermodal systems, taking
advantage of smart-systems. Dovetailing nat.
gas-powered cars to hydrogencars, creating new
technology and jobs downstreambut also
using royalty-based targeting of
new nat gas sources, the new tax revenue
part-matched to promoting investment in supplanting
coal usage. There variations by which infrastructure
can be efficiently and innovatively renewed can
mirror the innovation witnessed on the internet.
The closer a nation comes to firing on all cylinders,
the more it educates rather than incarcerates,
the more of everything is needed. From all that a
greater batch and flow of talented thinkers
and inventions will flow.
It is the abuses of self-serving controlling
influences that prevents that from happening.
BACK TO THE PAST
The asymmetry - bubble cycle in
banking, and the feudalism
(futility too) in U.S. health care interfere with
employment and real estate recovery.
1) The banks' free reserves and the numerous
devices on the part of the Administration a
and Congree preventing the banks from taking
losses bottle up shadow inventory.
2) In health care someone independently insured
and with a health risk factor has been prevented
from moving between states to take advantage of
job or real estate opportunities.
Here's how it's literally been feudal:
The Congressional response in terms of helping the
Fed blame
(Bernanke says foreign investors fuelled crisis
Robin Harding, FT.com, Feb. 18, 2011)
everything in site for the banks' folly
has included encouraging a dollar - yuan "carry trade,"
(borrow dollars so as to invest in yuan and in China
particularly.)
Iceland, propped up by the U.S. for kiting mortgage
derivatives, after the explosion of its currency, finally
placed a stop sign on China's ability to use its
cash to buy Icelandic key assets.
Obviously, the U.S. and Europe, their
middle classes shafted,
their currencies abused in defense of the
banks, could end
up following suit to varying degrees.
A nation's goal should be high wages and
a strong currency.
The dollar's and euro's current weak
states reflect their respective issuers' efforts
in propping up their banking
sectors after those sectors' own folly.
Famously, the Ming and Qing Dynasties withdrew
inward from world affairs. Could today's blaming
of China for the abuses of asymmetry in
Western banking (plus in U.S. health
care) cause a re-do of that?
China also
had, pre-Ming, the issue of feudal abuse vs.
state protection of commoners, and today
China is breaking beyond that. It has in fact
been raising its minimum wage of late. That fact,
plus the fact of Western demands for the
strengthening of the yuan, will
create, on top of China's large foreign reserves, a
greater yet "Terms of Trade" advantage.
This looks, then, very much like a repeat of history.
There historically has been an issue of royalty
siding on the side of the commoners so as
to garner popular support, but then
royalty's difficulty in retaining power just the
same because the nobility, the wealthy class,
was where the ability to finance
armies originated. So the wealthy class has
tended to enjoy national control and the ability
to continue its feudal relation
with commoners.
Royalty has traditionally, for the interest of a
nation, insisted on key assets, such as land,
not being left idle.
So these issues reflect the choices
for Christina Kirchner
In Evita, Kirchner obviously having
some replay value, Argentinans, I think,
saw hope for change, where what they
needed was more democracy
(or democracy at all.)
This has rather more resembled the
bunk coming from America's billionaire
ideologues' demagogue
mouthpieces.
Because it's the asymmetry - bubble
cycle in the major Western nations
that is simultaneously abusive of the
American middle class and international
relations, and because this entails the
age old problem of the relation between:
nobles - figureheads - commoners
everywhere,
this is thus an analysis in defense
of the middle class and democracy
in all venues and against the excessive
power and unjustified role of the
nobles and the figureheads.
About Kirchner's flirtations with Morales
and Chavez, alway unnecessary
where government is honest,
does figurehead-dom
perpetuate asymmetry - bubble cycles?
Does that spoil international relations?
As to balancing interference vs. support of
trusts and cabals in the manner exactly
opposite from Teddy Roosevelt's aims,
see.
for Christina Kirchner
In Evita, Kirchner obviously having
some replay value, Argentinans, I think,
saw hope for change, where what they
needed was more democracy
(or democracy at all.)
This has rather more resembled the
bunk coming from America's billionaire
ideologues' demagogue
mouthpieces.
Because it's the asymmetry - bubble
cycle in the major Western nations
that is simultaneously abusive of the
American middle class and international
relations, and because this entails the
age old problem of the relation between:
nobles - figureheads - commoners
everywhere,
this is thus an analysis in defense
of the middle class and democracy
in all venues and against the excessive
power and unjustified role of the
nobles and the figureheads.
About Kirchner's flirtations with Morales
and Chavez, alway unnecessary
where government is honest,
does figurehead-dom
perpetuate asymmetry - bubble cycles?
Does that spoil international relations?
As to balancing interference vs. support of
trusts and cabals in the manner exactly
opposite from Teddy Roosevelt's aims,
see.
The Housing Market Recovery
Is ‘A Complete Hoax’
Alexander Reed Kelly, Truthdig, 5/3/2013
"Homeownership is at its lowest level
in 18 years, but housing prices are
rising. Why? Because banks are creating
real estate scarcity by buying up homes
and selectively stalling foreclosures...."
"This deception is made more malicious
by the fact that high prices are keeping
some Americans out of homes they would
buy if they could afford them. Those
people are renting instead, some from the
anks that are snatching up homes."
"...The number of housing units held off
the market in the first quarter though
was 7,609,000 up from 7,299,000 in
the fourth quarter and but down from
7,633,000 a year ago....'
Mark Lieberman, Five Star Economist,
By Way Of DSnews.com
KEITH JUROW:
The US Housing Recovery Is
A Mirage And A Serious
Delinquency Crisis Is Coming
businessinsider.com, 4/8/2013
Weighs Recent Short Term
Complete "Round-Trips" (My
Usage Of Commodity Trading
Term--Housing Is A Commodity--
That's Why Case Shiller's Traded
Like One) More, Much More,
Than The Median Long Term
Round Trips.
That Favors Flippers And
The Affect Of:
Artificial Removal Of Distressed
Property From The Market.
In The Current Case
Case Shiller Simply Happens
To Being Really Potentially
The Perfect Picture One Would
Want To Present Were One
Wanting To Make People
Satisfied With The
Folly Of TBTF Banks.)
"...the latest figures from
the NYS Division of Bankin
indicate that roughly 30% of
all owner-occupied properties
in NYC are now seriously
delinquent. For Long Island,
it is an incredible 35%."
After 3 Years (Subject Long
Island Foreclosures,) Notices
of Default Have To Be Re-Filed,
Even After The Occupants Have
Lived There Without Making
Payment. Jurow Cites 1,000
Foreclosures Monthly Vs. 240,000
Pre-Foreclosure Notices
The Past 3 Years.
Poking Fun At The Illusions Of
Monopoly Has Become Like
Staring At A Pinata.
"Housing Starts Surge Due To
Rental Housing Construction,
Permits Miss Even With
Seasonal Distortion"
ZeroHedge, 4/16/2013
"Still Think The Housing
Recovery Is Sustainable?"
Zerohedge, 4/11/2013
(See The Links Below
For Why One Can See The
"Recovery" To Date As Having
Been Illusory)
Looking At The GS Swirlogram,
"Housing 'Recovery' Shifts
To Contraction"
Thoroughly Consistent With The
Fed Buying Mortgage Equivalents
Not At Market Value And The Large
Banks Then Turning To The
Mortgage Release Program
(More Foreclosures--Ability To
Push For A Little Higher Price Even
Though The Bubble-Value Mistake
Not Ratio Reflected Has Been
Bought Out.)
“Real Estate Bounce Setting
Up A Second Crash”
For Me The Main Thing Wrong
With That Title Is It’s Missing
“Illusory” Before The Word
“Bounce.”
Can Housing Recover With
Zombie Lenders?; Eisenbeis:
Will Our Children Pay?
by way of muckrack.com, 1/30/2013
http://muckrack.com/link/VrIu/
can-housing-recover-with-zombie-
lenders-eisenbeis-will-our-children-pay
From:
irabankratings.com, 3/12/2013
"A Housing Recovery--Or Bubble?"
of The Institutional Risk Analyst, we
wonder how a housing recovery can
be achieved with the TBTF banks firmly
in control of the US mortgage market.
And we feature a comment by Bob
Eisenbeis, Cumberland Advisor's Vice
Chairman and Chief Monetary Economist,
asking whether tomorrow's children will
really pay those benefits that their
parents anticipate today."
(Reference Insert Not From Orig. Form;
URL Present Is For Highlighting Source)
Where is the Shadow Inventory? Right here
Where is the Shadow Inventory? Right here
http://caliscreaming.com/2012/10/30/where-is-the-shadow-inventory-right-here/
"Boomerang Foreclosures" Are Back As Bernanke's Second Housing Bubble Begins To Pop"Boomerang Foreclosures" Are Back As Bernanke's Second Housing Bubble Begins To Pop
http://www.zerohedge.com/news/2013-02-14/boomerang-foreclosures-are-back-bernankes-second-housing-bubble-begins-pop
"...while it’s true that the data don’t lie,
it’s also true that there’s more in the
data than meets the eye. For example,
did you know that there are currently
9.8 million vacant housing units in the
US, but only 1.74 million of those homes
are listed for sale on the MLS? That’s
less than 20 percent of the total.
So where did the rest of the homes go?
Did they just vanish into the ether
or are they being kept off the market
http://pages.citebite.com/f1n1r8m6s3uyp
for some other reason, like to keep
prices artificially high?..."
Mike Whitney, Counterpunch, 3/8/2013
-C-
http://pages.citebite.com/u1a1f8r6h4hgl
Must Sell Shadow Inventory Has Morphed
Into Can’t Sell Cloud Inventory
Must Sell Shadow Inventory Has Morphed Into Can't Sell Cloud Inventory
http://ochousingnews.com/news/must-sell-shadow-inventory-has-morphed-into-cant-sell-cloud-inventory
U.S. Banks Still Exposed To $1 Trillion
In Unsecured Mortgage Debt
U.S. Banks Still Exposed To $1 Trillion In Unsecured Mortgage Debt
http://ochousingnews.com/news/banks-are-still-exposed-to-1-trillion-in-unsecured-mortgage-deb
-C-
Highlight From Banks Still Exposed To $1
Trillion In Unsecured Mortgages
Highlight From Banks Are Still Exposed To $1 Trillion In Unsecured Mortgages
http://pages.citebite.com/d1a2r1o3g9fmw
Loan Mod Defaults Soar, Can-Kicking Fails
Loan Mod Defaults Soar, Can-Kicking Fails
http://ochousingnews.com/news/loan-modification-defaults-soar-24-can-kicking-fails
Bailouts And False Hopes
Bailouts And False Hopes
http://ochousingnews.com/news/bailouts-and-false-hopes
Contrary To Media Spin, Mortgage
Delinquencies Are Trending Higher
Contrary To Media Spin, Mortgage Delinquencies Are Trending Higher
http://ochousingnews.com/news/contrary-to-media-spin-mortgage-delinquencies-are-trending-higher
Banks Go All In Betting On Success
Of Loan Mods
Banks Go All In Betting On Success Of Loan Mods
http://ochousingnews.com/news/banks-go-all-in-betting-on-success-of-loan-modifications
Low Housing Inventory’s An Indicator
Of Residual Mortgage Distress
Low Housing Inventory Is An Indicator Of Residual Housing Distress
http://ochousingnews.com/news/low-housing-inventory-indicator-of-residual-mortgage-distress
BUNDLE
Can An Unsuccessful Bailout Of
Folly Be Worse Than The Original Folly?
Menendez, Boxer Plan Bill To
Transfer Bank Losses To US Taxpayer
http://ochousingnews.com/news/
menendez-boxer-plan-bill-to-transfer-
bank-losses-to-us-taxpayer
Chart Of The Day: Housing Starts - Found In Seasonal Translation... Again
Chart Of The Day: Housing Starts - Found In Seasonal Translation... Again
http://pages.citebite.com/d1t2l6x3l0iie
March Consumer Confidence Plunges As New Home Sales, Richmond Fed Miss
March Consumer Confidence Plunges As New Home Sales, Richmond Fed Miss
http://www.zerohedge.com/news/2013-03-26/march-consumer-confidence-plunges-new-home-sales-richmond-fed-miss
16 Reasons Why David Rosenberg's Not Buying Employment Report
16 Reasons Why David Rosenberg's Not Buying Employment Report
http://www.zerohedge.com/news/2013-02-05/16-reasons-why-david-rosenbergs-not-buying-employment-report
------------------EXTENDED LINKS BELOW----------------
----------------------UPDATES ABOVE---------------------
Back To Top Of Home Page
Back To Likeliest Point From
Which You Came On This Page
----------------------UPDATES ABOVE---------------------
------------------EXTENDED LINKS BELOW----------------
This
(Taxpayer Financed
Mortgage Mod's Ostensibly
For Borrowers' Benefit)
(Some Readers Just
Came From Here,
Which Is Now Also
The Way Back.)
Is Simply A Direct Take From
The Taxpayer, Like "Loss Sharing,"
In The Name Of Helping The Mortgagors.
http://online.wsj.com/article/SB123336541474235541.html
Why Be A Nation Of Slaves
(Previously Indicate "Free Pass Article,"
And Still Looking Like One)
It Should Be Non-Recourse.
They Shouldn't Have Their Feet
Held To The Fire To The
Benefit Of The Banks.
So That Works With Going On Year 5 Of
Every Morning You Wake Up When You
Then Happen To Go To The Bank You Then
Discover Yet Again You're Getting No
Interest To Speak Of On Your Savings
(And It's Actually Real-Negative, With
Ample Evidence Inflation Is Higher Than
The Official Rate, As Is Unemployment--
You're Just Supposed To Believe TBTF Is
Perfectly Wonderful And That,
TBTF Plus Bernanke's Policies, Plus
Impediments To Heavily Using Dollar
Alternatives, Don't Amount To Monopoly
Of The Currency, Though, Especially
Taken Together, They
Sure As Heck Look Like It.
It's Elsewhere. Cable. Transport Modality.
Soon Travel.
The GSE's Are Risk Filters For
The TBTF Banks.
ObamaCare Replaces The
Inability To Move Betw States
To Take Advantage Of Job/R.E.
Op's If You've A Risk Factor With
Monopoly And Risk Filtering
(The Latter Part Being Developed
Here.) Here's For Profit Prisons
Risk Filtering. Here's The
XL Pipeline And Risk Filtering
(@ 1:40.)
New From Commondreams:
(I'd Call 100 Million Americans
Drinking Toxic Trash Water
Risk Filtering.)
Congress Is Paid To Guard
Monopoly And Risk Filtering.
http://www.pbs.org/newshour/rundown/2013/02/american-airlines-us-airways-merger-by-the-numbers.html
Health Care.
http://www.nomiprins.com/thoughts/2012/11/10/real-danger-of-obamacare-insurance-company-takeover-of-healt.html
A Column Having Impact, To Be Sure.
http://www.zerohedge.com/news/2012-11-13/guest-post-real-danger-%E2%80%9Cobamacare%E2%80%9D-insurance-company-takeover-health-care
Nominal Interest So The Banks Can Have Massive
Free Reserves As An Alternative To Their
Mortgage Bubble Assets Of Course Mostly
Shakes Down Those Who SOLD The Bubble.
Remember? For Every Banker's Induced
Dollar Going INTO The Mortgage Bubble
Someone Saw The Craziness And Took A
Dollar Out?
Then There's Mom. She's Getting Nothing
On That Retirement Security, Even As The
Bankers Need To (And Want To--It Delivers
More Capital That's The Basis Of Using
The Taxpayer For Risk Filtering Wherever
They Can Establish It) Shaft Social Security.
One Additional Thing This Measure Does Is
Help Prove The Case Of The Real Estate
"Recovery" Being Illusory--An Artificial Bubble,
With The Latest Buy With No Money Down Schemes,
Filtered Through The GSE's, Establishing That
Your Fun Experience Will Also Be Your Children's
And Their Children's.
But, On The Positive Side, Extractive Monopolists
Are Melting The Poles, Which Is Arguably Worse.
That Case For Illusion:
Housing Recovery? NOT!
safehaven.com, 2/14/2013
"...despite all of the hoopla new homes are simply not selling...."
http://pages.citebite.com/l1l0v4p9h5unl
Also:
http://pages.citebite.com/e1h0v4j8w5axi
“...The chart above shows actual sales of new homes and that shows that despite all of the hoopla new homes are simply not selling. That certainly has not stopped construction though as the chart below demonstrates....”
Where Have All the Foreclosures Gone?
Roy Oppenheim, usnews.com, 2/14/2013
"...While it has decreased,
the shadow inventory—the
backlog of bank-owned homes
that remain off the market—is
still lurking just out of our reach....'
http://pages.citebite.com/n1o0j4l8s6fdx
http://ochousingnews.com/news/gses-now-permit-unrestricted-strategic-default-with-no-financial-consequences
http://pages.citebite.com/y1o0y4v2s6utw
http://www.zerohedge.com/news/2013-02-14/boomerang-foreclosures-are-back-bernankes-second-housing-bubble-begins-pop
(I'm From San Diego:)
http://sdhousingnews.com/east-county/bonita/the-move-up-market-will-suffer-for-another-decade
http://finance.yahoo.com/blogs/daily-ticker/house-prices-nowhere-near-bottom-says-analyst-125114464.html
("look at price per sq ft, not Case Shiller")
http://www.bloomberg.com/news/2013-01-07/cheap-money-era-that-saved-u-s-housing-seen-bottoming.html
http://www.bloomberg.com/news/2013-01-07/cheap-money-era-that-saved-u-s-housing-seen-bottoming.html
http://pages.citebite.com/x9a6m4p0hnwb
http://pages.citebite.com/c9h6f4a1cgih
http://ochousingnews.com/news/delinquent-jumbo-loans-in-coastal-california-pollute-bank-balance-sheets
http://pages.citebite.com/x8e7h5d8tlyj
http://pages.citebite.com/b8i3v2s7trsw
http://www.zerohedge.com/news/2013-02-05/16-reasons-why-david-rosenbergs-not-buying-employment-report
http://pages.citebite.com/x9q8y7k1vqta
Next bubble's seeds being sowed in bailing out the last one. Today's grandchildren
will be bailing the banks now.
http://www.marketwatch.com/story/no-money-down-home-loans-are-back-2013-02-01
@3:30:
http://finance.yahoo.com/blogs/daily-ticker/house-prices-nowhere-near-bottom-says-analyst-125114464.html
http://finance.yahoo.com/blogs/daily-ticker/house-prices-nowhere-near-bottom-says-analyst-125114464.html
What Jurow Is Much More
Consistent With Than Is
Wachter, And, For Me, How
We Best Know The Real
Estate Crash Is Sill On:
Remember:
You Would Be Getting More
Than Nothing On Your
Safe Money
(Remember?
When You Wake Up, And
Go To The Bank, You'll
Learn Your Safe Money's Is
Earning Nominal Interest
And Negative Real
Interest) If The Banks Didn't
Need Bernanke's Carrying
Of Their Own Self-Created
Bubble (Still.)
(4 Years Of That Now. It
Looks Like Wake Up, Go To
The Bank, Find No Interest
On Savings This Year Too.)
http://pages.citebite.com/y9b2m0d5frpp
PRICE DISPERSION (ESSENCE OF THE ILLUSION)
http://pages.citebite.com/p4v3h4u5ukuk
http://www.zerohedge.com/news/2012-12-10/mysterious-case-americas-negative-real-wage-growth
http://www.zerohedge.com/news/2013-01-25/guest-post-visible-hand-fed
http://finance.yahoo.com/blogs/daily-ticker/bond-bubble-bigger-catastrophe-real-estate-bust-casey-161402082.html
http://pages.citebite.com/x9a6m4p0hnwb
http://pages.citebite.com/c9h6f4a1cgih
http://realestate.aol.com/blog/2012/07/13/shadow-reo-as-much-as-90-percent-of-foreclosed-properties-are-h/
http://www.nakedcapitalism.com/2012/07/realtytrac-corelogic-confirm-housing-bear-thesis-85-90-of-reo-being-held-off-market-meaning-tight-inventories-are-bogus.html
http://www.zerohedge.com/news/2013-01-30/shrinkage-us-economy-declined-01-q4
http://www.dallasfed.org/news/speeches/fisher/2013/fs130116.cfm
(Dallas Fed: End TBTF)
http://www.businessinsider.com/prepare-for-the-coming-housing-collapse-2012-9
http://pages.citebite.com/o1e0r2i0n3ing
http://pages.citebite.com/x1e0o2e0h4wiu
http://www.nakedcapitalism.com/2012/10/some-smart-money-is-already-exiting-the-single-family-rental-landgrab.html
http://pages.citebite.com/q1j0m2o0l6tah
http://www.aol.com/video/gary-shilling-on-the-housing-market/517141434/
Bullish Hoopla In Housing Is Driven By Bogus Inventory Reports
http://news.firedoglake.com/2012/07/16/the-great-housing-swindle-shadow-reo-artificially-boosting-prices/
http://www.nakedcapitalism.com/2012/07/realtytrac-corelogic-confirm-housing-bear-thesis-85-90-of-reo-being-held-off-market-meaning-tight-inventories-are-bogus.html
Tangled in Housing Bust, FHA Seeks a Hand
February 10, 2013,
http://online.wsj.com/article/SB10001424127887324590904578289793058650374.html
http://ochousingnews.com/news/is-the-threat-of-shadow-inventory-truly-manageable
http://ochousingnews.com/news/delinquent-jumbo-loans-in-coastal-california-pollute-bank-balance-sheets
http://pages.citebite.com/x9a6m4p0hnwb
http://pages.citebite.com/c9h6f4a1cgih
http://www.zerohedge.com/news/2013-02-05/16-reasons-why-david-rosenbergs-not-buying-employment-report
http://pages.citebite.com/x9q8y7k1vqta
http://blogs.reuters.com/felix-salmon/2013/01/04/the-curious-predictability-of-the-payrolls-report/
http://www.youtube.com/watch?v=PEqkO_GENHA
(Video--Gary Shilling On The
Housing Market)
http://www.ritholtz.com/blog/2012/04/foreclosures-a-decade-long-overhang-part-4-of-5/
http://finance.yahoo.com/blogs/daily-ticker/bond-bubble-bigger-catastrophe-real-estate-bust-casey-161402082.html
(Video)
http://www.zerohedge.com/news/2013-01-25/guest-post-visible-hand-fed
http://brief.ly/6anvgb/
(Some Readers Just
Came From Here,
Which Is Now Also
The Way Back.)
This Comment Is Part
Of A 2-Fer
New Relating Of ObamaCare With Congress'
Current Immigration "Reform" Proposal,
by way of comment:
Nation of Change
"Immigration Fix Is Real"
Froma Harrop
http://www.nationofchange.org/immigration-fix-real-1365772840
4/17/2013
The law seems to fit too nicely with
monopoly, risk filtering, gatekeeping
and pay to play, the latter sometimes
affording protective responses by those
with most power in the Executive,
Congress, and the Judiciary.
It’s a let me see you papers law that’s
protective of a new monopolistic
power in health care
http://pages.citebite.com/f9g6i1b7rfvh
http://pages.citebite.com/d9u6v1v6jspj
http://www.nomiprins.com/thoughts/2012/11/10/real-danger-of-obamacare-insurance-company-takeover-of-healt.html
http://www.guardian.co.uk/commentisfree/2012/dec/05/obamacare-fowler-lobbyist-industry1?INTCMP=SRCH
while placing
labor on both sides of the border
at a disadvantage, with that applying
to the undocumented workers inasmuch
as control or expel wouldn’t be entertained
in the first place but for America’s de facto
dependence on the food production, less
than full minimum wage labor in some
cases, and the production of tax revenue
and Social Security support for legal
Americans hired as a result of the work
of the undocumented workers.
Because control is justified by the fact
of lack of documentation, it would still be
cognizant of the above and preferable
for American labor to create a scheme
such as a dual minimum wage.
I’ve proposed a less police-y public health
based manner of handling the interaction
of undocumented workers with our
hospitals, but that would greatly
extend this comment.
Note:
If you're willing to overpay
for toxic assets from a TBTF bank,
as Ben Bernanke is doing, you can
get a VISA.
When it served the 5 plantation
owners in Hawaii, Hawaiians gained
citizenship. Only recently have American
Samoans left citizenship twilight, thus
witht the ending of the denial of minimum
wages on the one hand and their inability
to set their own policies on the other.
ObamaCare, replacing the inability move between
states for a job/r.e. op lest one suffer an exclusion,
creates a blanket-universal scheme, reflected
by the health cartel titans today trading near
their 52 week highs, wherein the ability to pay
is matched to their clinical risks, with
the advance of the latter defining eligibility
for subsidy.
So, they're literally outskirts of Medicare, originally
simply National Health Insurance for unwanted customers.
They combine it with just go away deductibles.
The proof of the pudding:
you can tell the cartel members to pay whatever
amount in fees to Washington you desire. Because
their profit regimen is fixed statutorily, that
will simply work as a backdoor tax on patients,
----So Long As The Cartel's
15% To 40% Operational Profit Is
Preserved With Fees Used As Cost,
WHICH IT IS:
http://pages.citebite.com/i1y4m1t7o7pxu
Then Even Adding To Total Profit,
A Percentage Above Cost, That Very
Structure Being Corny And Obviously
Part Of Why The Program By Its Own
Projection Takes Health Care To 21%
Of GNP By 2019. It's Mainly Owing
To An Enriched Monopolistic Form.
Uncompensated Cost Has Mostly
Been Compensated For All Along.
Remember? (Cost Shifting.) It's
Not Now The Cost Driver.
Eligibility
For Subsidy Is Based On Modified
Adjusted Gross Income (Adds
Income Thus Limiting Eligibility)
Estimated For The Present Year,
Using The Prior Year As As An
Initial Guessing Point. It Can
Be Life Or Death. Tough Luck.
It's Certainly No Wonder The
Supremes (as in Supreme Court?)
http://www.youtube.com/watch?v=JC-MDYopSoA
Upheld The Mandate
On Tax Grounds While Apparently
Disinterested In Pre-ObamaCare
Interstate Issues.----
....helping finance the monopoly that's devoid of
everything clinically rational, bearing on
whole medicine, let alone holistic, etc.
Forget about seamlessness with public health.
Back to the farm, ObamaCare has a pronounced
requirement of presenting evidence of citizenship.
That doesn't result in expulsion, but chaining
those helping their families but also enabling their
American employers to pay their citizen employees
and to pay taxes and for social security for their
employees. American farmers' production is also
well documented to free fall in the absence of
these workers.
The law takes advantage of the undocumented worker.
It pulls the rug out from under American labor.
I go with the opposite of monopoly and control and
instead with what’s rational economically and
rightful simultaneously for undocumented workers
and American workers.
New Relating Of Illusions In
Real Estate Aimed At Making
TBTF Look Democratic And Reasonable
And To Attempt Completing The Making
Of $Trillions On An Otherwise Failed
Mortgage Bubble, At The Expense Of
Those Who Sold The Market And Retirees
Mostly, But Also Everyone Else,
For Generations
To Come, by way of
Nation of Change
"Housing Hot Again?"
Froma Harrop
http://www.nationofchange.org/immigration-fix-real-1365772840
4/13/2013
You're still getting nominal interest on savings
so the banks can have $trillions in free reserves
in lieu of selling delinquent properties at
losses vs. what they're carried at on their
balance sheets.
The Fed's still buyijng $80 Billion monthly in
their mortgage securities so they can ultimately
let go of those mortgages, having been paid
the difference on what the mortgages are carried
at and what they're worth. In other words, the
Fed's laundering their toxic assets. Treasury
did that in large volume when the mortgage bubble
first burst.
Prices still reflect price dispersion (selling
Mercedes and Yugos one year, but not Yugos the
next.)
If the sector were really recovered and not
illusory, than why the continuation of the above?
Then why this?
The Housing Market Recovery
Is ‘A Complete Hoax’
Alexander Reed Kelly, Truthdig, 5/3/2013
"Homeownership is at its lowest level
in 18 years, but housing prices are
rising. Why? Because banks are creating
real estate scarcity by buying up homes
and selectively stalling foreclosures...."
"This deception is made more malicious
by the fact that high prices are keeping
some Americans out of homes they would
buy if they could afford them. Those
people are renting instead, some from the
anks that are snatching up homes."
"...The number of housing units held off
the market in the first quarter though
was 7,609,000 up from 7,299,000 in
the fourth quarter and but down from
7,633,000 a year ago....'
Mark Lieberman, Five Star Economist,
By Way Of DSnews.com
KEITH JUROW:
The US Housing Recovery Is
A Mirage And A Serious
Delinquency Crisis Is Coming
businessinsider.com, 4/8/2013
Weighs Recent Short Term
Complete "Round-Trips" (My
Usage Of Commodity Trading
Term--Housing Is A Commodity--
That's Why Case Shiller's Traded
Like One) More, Much More,
Than The Median Long Term
Round Trips.
That Favors Flippers And
The Affect Of:
Artificial Removal Of Distressed
Property From The Market.
In The Current Case
Case Shiller Simply Happens
To Being Really Potentially
The Perfect Picture One Would
Want To Present Were One
Wanting To Make People
Satisfied With The
Folly Of TBTF Banks.)
"...the latest figures from
the NYS Division of Bankin
indicate that roughly 30% of
all owner-occupied properties
in NYC are now seriously
delinquent. For Long Island,
it is an incredible 35%."
After 3 Years (Subject Long
Island Foreclosures,) Notices
of Default Have To Be Re-Filed,
Even After The Occupants Have
Lived There Without Making
Payment. Jurow Cites 1,000
Foreclosures Monthly Vs. 240,000
Pre-Foreclosure Notices
The Past 3 Years.
Poking Fun At The Illusions Of
Monopoly Has Become Like
Staring At A Pinata.
"Housing Starts Surge Due To
Rental Housing Construction,
Permits Miss Even With
Seasonal Distortion"
ZeroHedge, 4/16/2013
http://www.opednews.com/articles/2/Winner-Takes-All-The-Supe-by-Ellen-Brown-130410-771.html
http://www.ritholtz.com/blog/2012/08/understanding-price-dispersions/
Poking Fun At The Illusions Of
Monopoly Has Become Like
Staring At A Pinata.
http://upload.wikimedia.org/wikipedia/commons/5/50/Pi%C3%B1ata.jpg
"Housing Starts Surge Due To
Rental Housing Construction,
Permits Miss Even With
Seasonal Distortion"
http://www.zerohedge.com/news/2013-04-16/housing-starts-surge-due-rental-housing-construction-permits-miss-even-seasonal-dist
ZeroHedge, 4/16/2013
"Still Think The Housing
Recovery Is Sustainable?"
Zerohedge, 4/11/2013
http://www.zerohedge.com/news/2013-04-11/still-think-housing-recovery-sustainable
Looking At The GS Swirlogram,
"Housing 'Recovery' Shifts
To Contraction"
http://www.zerohedge.com/news/2013-04-10/housing-recovery-shifts-contraction#comment-3433151
Thoroughly Consistent With The
Fed Buying Mortgage Equivalents
Not At Market Value And The Large
Banks Then Turning To The
Mortgage Release Program
(More Foreclosures--Ability To
Push For A Little Higher Price Even
Though The Bubble-Value Mistake
Not Ratio Reflected Has Been
Bought Out.)
http://www.banks.com/articles/foreclosure-starts-surge-32-states
“Real Estate Bounce Setting
Up A Second Crash”
For Me The Main Thing Wrong
With That Title Is It’s Missing
“Illusory” Before The Word
“Bounce.”
http://www.rickackerman.com/2013/03/real-estate-bounce-setting-up-a-second-crash/
Can Housing Recover With
Zombie Lenders?; Eisenbeis:
Will Our Children Pay?
by way of muckrack.com, 1/30/2013
http://muckrack.com/link/VrIu/
can-housing-recover-with-zombie-
lenders-eisenbeis-will-our-children-pay
From:
irabankratings.com, 3/12/2013
"A Housing Recovery--Or Bubble?"
of The Institutional Risk Analyst, we
wonder how a housing recovery can
be achieved with the TBTF banks firmly
in control of the US mortgage market.
And we feature a comment by Bob
Eisenbeis, Cumberland Advisor's Vice
Chairman and Chief Monetary Economist,
asking whether tomorrow's children will
really pay those benefits that their
parents anticipate today."
(Reference Insert Not From Orig. Form;
URL Present Is For Highlighting Source)
"Boomerang Foreclosures" Are Back As Bernanke's Second Housing Bubble Begins To Pop"Boomerang Foreclosures" Are Back As Bernanke's Second Housing Bubble Begins To Pop
http://www.zerohedge.com/news/2013-02-14/boomerang-foreclosures-are-back-bernankes-second-housing-bubble-begins-pop
"...while it’s true that the data don’t lie,
it’s also true that there’s more in the
data than meets the eye. For example,
did you know that there are currently
9.8 million vacant housing units in the
US, but only 1.74 million of those homes
are listed for sale on the MLS? That’s
less than 20 percent of the total.
So where did the rest of the homes go?
Did they just vanish into the ether
or are they being kept off the market
http://pages.citebite.com/f1n1r8m6s3uyp
for some other reason, like to keep
prices artificially high?..."
Mike Whitney, Counterpunch, 3/8/2013
-C-
http://pages.citebite.com/u1a1f8r6h4hgl
Must Sell Shadow Inventory Has Morphed
Into Can’t Sell Cloud Inventory
Must Sell Shadow Inventory Has Morphed Into Can't Sell Cloud Inventory
http://ochousingnews.com/news/must-sell-shadow-inventory-has-morphed-into-cant-sell-cloud-inventory
U.S. Banks Still Exposed To $1 Trillion
In Unsecured Mortgage Debt
U.S. Banks Still Exposed To $1 Trillion In Unsecured Mortgage Debt
http://ochousingnews.com/news/banks-are-still-exposed-to-1-trillion-in-unsecured-mortgage-deb
http://pages.citebite.com/d1a2r1o3g9fmw
Banks are still exposed to $1 trillion in unsecured mortgage debt
Highlight From Banks Still Exposed To $1
Trillion In Unsecured Mortgages
Highlight From Banks Are Still Exposed To $1 Trillion In Unsecured Mortgages
http://pages.citebite.com/d1a2r1o3g9fmw
Loan Mod Defaults Soar, Can-Kicking Fails
Loan Mod Defaults Soar, Can-Kicking Fails
http://ochousingnews.com/news/loan-modification-defaults-soar-24-can-kicking-fails
Bailouts And False Hopes
Bailouts And False Hopes
http://ochousingnews.com/news/bailouts-and-false-hopes
Contrary To Media Spin, Mortgage
Delinquencies Are Trending Higher
Contrary To Media Spin, Mortgage Delinquencies Are Trending Higher
http://ochousingnews.com/news/contrary-to-media-spin-mortgage-delinquencies-are-trending-higher
Banks Go All In Betting On Success
Of Loan Mods
Banks Go All In Betting On Success Of Loan Mods
http://ochousingnews.com/news/banks-go-all-in-betting-on-success-of-loan-modifications
Low Housing Inventory’s An Indicator
Of Residual Mortgage Distress
Low Housing Inventory Is An Indicator Of Residual Housing Distress
http://ochousingnews.com/news/low-housing-inventory-indicator-of-residual-mortgage-distress
BUNDLE
http://www.multiurl.com/ga/Can_An_Unsuccessful_Bailout_Of_Folly_Be_Worse_Than_The_Original_
Can An Unsuccessful Bailout Of
Folly Be Worse Than The Original Folly?
Menendez, Boxer Plan Bill To
Transfer Bank Losses To US Taxpayer
http://ochousingnews.com/news/
menendez-boxer-plan-bill-to-transfer-
bank-losses-to-us-taxpayer
Chart Of The Day: Housing Starts - Found In Seasonal Translation... Again
Chart Of The Day: Housing Starts - Found In Seasonal Translation... Again
http://pages.citebite.com/d1t2l6x3l0iie
(ZeroHedge’s:)
Chart Of The Day: Housing Starts - Found In Seasonal Translation... Again
http://pages.citebite.com/d1t2l6x3l0iie
@ 4:90/not back to prior highs for
perhaps 50 years
CNBC/Don’t Get Snookered
http://www.cnbc.com/id/100589622
"Low Fed Rates 'Akin to Price-Fixing':
JPMorgan Strategist"
http://www.cnbc.com/id/100572622
This
"Fed's $4 Trillion Question:
Where's the Exit Door?"
http://www.cnbc.com/id/100569744
"Mortgages’ Future Looks
Too Much Like the Past"
http://www.nytimes.com/2013/03/24/business/fannie-mae-freddie-mac-and-the-same-old-song.html?ref=business&_r=2&
KEITH JUROW:
The US Housing Recovery Is
A Mirage And A Serious
Delinquency Crisis Is Coming
businessinsider.com, 4/8/2013
Weighs Recent Short Term
Complete "Round-Trips" (My
Usage Of Commodity Trading
Term--Housing Is A Commodity--
That's Why Case Shiller's Traded
Like One) More, Much More,
Than The Median Long Term
Round Trips.
That Favors Flippers And
The Affect Of:
Artificial Removal Of Distressed
Property From The Market.
In The Current Case
Case Shiller Simply Happens
To Being Really Potentially
The Perfect Picture One Would
Want To Present Were One
Wanting To Make People
Satisfied With The
Folly Of TBTF Banks.)
"...the latest figures from
the NYS Division of Bankin
indicate that roughly 30% of
all owner-occupied properties
in NYC are now seriously
delinquent. For Long Island,
it is an incredible 35%."
After 3 Years (Subject Long
Island Foreclosures,) Notices
of Default Have To Be Re-Filed,
Even After The Occupants Have
Lived There Without Making
Payment. Jurow Cites 1,000
Foreclosures Monthly Vs. 240,000
Pre-Foreclosure Notices
The Past 3 Years.
(space created for page positioning)
