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Post by vl on Feb 4, 2011 14:54:26 GMT -5
By the way... the next economy won't be based on using technology to wipe out the economy again.
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usaone
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Post by usaone on Feb 4, 2011 15:04:31 GMT -5
An unemployment rate that drops to 9% while only 36,000 new jobs are created, defines your tracking mechanism as BS. We're not recovering, we're gyrating using every possible tool administrators and executives can muster to disguise the obvious. It will require CLOSURE OF BANKS, ELIMINATION OF WALL STREET, REINING IN LAW BIZ and a flushing out of capital from the tombs of the old, greedy and nefarious. You succeeded during the LAST economy, that doesn't automatically grant you a free pass to the top of the new economy. Get to work and stop thinking "talent" deserves perks. Prove it, or move it (to another country). No one believes that unemployment is only 9%. Doesnt change the fact that we are in an expanding economy that is picking up speed. |
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usaone
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Post by usaone on Feb 4, 2011 16:49:28 GMT -5
The banks and wall street need more regulation. Elimination wont happen.
No one believes unemployment is 9%. But we have added almost 1 million jobs in 2010.
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Post by itstippy on Feb 5, 2011 9:14:07 GMT -5
My biggest "systemic risk" fear it that the big global market-makers plug garbage numbers into computer algorithms that buy and sell huge baskets of stocks, bonds, futures, derivatives, commodities, mortgage backed securities, sovereign debt obligations, currencies, ...
If that's what's happening we're running terrible risks. The market would not be a remotely reliable price-discovery mechanism. No number of individual due-diligence practitioners could overcome the influence of the mighty market-making computer trades. What chance would a Rovo or wxyz have of swaying investment valuations where they properly belong? A few puny millions up against the computers' global trillions?
It's more than just a little scary. I still have not heard a rational explanation for the 5/6/2010 "Flash Crash." Not only did the DOW lose over 1000 points in fifteen minutes, but shortly afterward it MADE IT ALL BACK!!! I don't buy the theory that Rovo was messing around in his "war room" and absentmindedly hit the wrong button while contemplating the health benefits of cutting firewood. Not plausible.
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bimetalaupt
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Post by bimetalaupt on Mar 10, 2011 0:21:31 GMT -5
An unemployment rate that drops to 9% while only 36,000 new jobs are created, defines your tracking mechanism as BS. We're not recovering, we're gyrating using every possible tool administrators and executives can muster to disguise the obvious. It will require CLOSURE OF BANKS, ELIMINATION OF WALL STREET, REINING IN LAW BIZ and a flushing out of capital from the tombs of the old, greedy and nefarious. You succeeded during the LAST economy, that doesn't automatically grant you a free pass to the top of the new economy. Get to work and stop thinking "talent" deserves perks. Prove it, or move it (to another country). VL, I am not sure of the math but the relationship of saving to GDP has been at the head of the R&D in Economics for years.. As M2 has goon from negative in 2009 to positive 3.9% (h.6) for the year of 2010, I think the recovery is for real.. If we see Savings rate of 10% as in Germany then we could see long term growth.. OK savings will first cut into spending but will even off as the system works the money thought the system with more robust lending and better capital formation in the banking system. Banks and Credit Unions around here are doing very well. Lending money to the credit market as the system heals more and more. Just a thought, Bruce Attachments:
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usaone
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Post by usaone on Mar 10, 2011 9:12:50 GMT -5
Bruce
Looks like we just need a little more time.
Patience.
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bimetalaupt
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Post by bimetalaupt on Mar 10, 2011 20:57:22 GMT -5
Bruce Looks like we just need a little more time. Patience. USA WON!!! Yes the average 9 month delay has been drawn out with the BIS III required increase in capital. One thing I did note doing some local testing is all our Credit Unions have greater then 10% Tier 1 capital as does our two largest local banks. That could be one of the reasons why First Financial Bank is #1 bank in America.. Sorry VL it is on Pine Street not Wall Street. I have also been working on a chart with Total Loans vs GDP.. The ratio has been going down for the last 24 months...We see more bonds being sold then loans system created. As far as Credit Unions goes one of ours (Teachers) has total assets of over $250 million dollars and 11% Tier1 capital. Credit unions are more about M2 and large banks about M3.. Only M2 has grown and that has been about 3.9% for 13 week period for the 52 week time span ( one year)...not a great deal vs need for savings.. I think generation Z will be saving 10% in the new 415 systems ( $49,000/ year max) Just a thought, Bruce Attachments:
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bimetalaupt
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Post by bimetalaupt on Mar 31, 2011 0:39:43 GMT -5
V.L.,
One reason the Federal Reserve is working on system to remove excessive M0 is inflation problem when you have growth greater then 3.5%.. We are there now but only our productivity is growing faster then GDP. At some time in the future Banking will recapitilize and M3 will grow that then expected lending will increase the inflation pressure.. Remember M3 is the 800 lbs Gorilla that drives inflation..Growth is here.. Ask Bullard from the St Louis Fed.....
Just a thought,
Bruce
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usaone
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Post by usaone on Mar 31, 2011 7:33:13 GMT -5
V.L., One reason the Federal Reserve is working on system to remove excessive M0 is inflation problem when you have growth greater then 3.5%.. We are there now but only our productivity is growing faster then GDP. At some time in the future Banking will recapitilize and M3 will grow that then expected lending will increase the inflation pressure.. Remember M3 is the 800 lbs Gorilla that drives inflation..Growth is here.. Ask Bullard from the St Louis Fed..... Just a thought, Bruce Karma for Bruce! |
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Post by frankq on Mar 31, 2011 7:45:50 GMT -5
Productivity increases are common in recent history after exiting a recession. The are a number of reasons in my opinion. First, companies that trim down to weather the storm can squeeze more work from surviving employees that are still running scared. Second, major companies employ increasing technology/mechanization as opposed to hiring more employees. The auto industry is a prime example as they make more cars today than 20 years ago with 20% of the employees. Employment picks up when the limits of said technology and employee output are reached as business improves. In many areas, we may be at that point now. Nice post Bruce.
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bimetalaupt
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Post by bimetalaupt on Mar 31, 2011 8:24:29 GMT -5
V.L., One reason the Federal Reserve is working on system to remove excessive M0 is inflation problem when you have growth greater then 3.5%.. We are there now but only our productivity is growing faster then GDP. At some time in the future Banking will recapitilize and M3 will grow that then expected lending will increase the inflation pressure.. Remember M3 is the 800 lbs Gorilla that drives inflation..Growth is here.. Ask Bullard from the St Louis Fed..... Just a thought, Bruce USA Won, Thank-you Bruce Karma for Bruce! |
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bimetalaupt
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Post by bimetalaupt on Apr 24, 2011 22:27:00 GMT -5
West Texas Banking is going well with the increase in Oil Wells, Individual wealth and Wind power.. 2011 is going to be a great year.. Now for Wine and Cheese!!!
Texas Farming Bank system has had a record Q1.. Wealth in Farming and ranching is making up for low interest rates for depositors..
M3 will improve when the interest rates for deposits is greater then one year T-notes
Time for the saver to make money with interest.. Thank-you ST Louis President James Bullard, PhD....
Just a thought,
Bruce
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Aman A.K.A. Ahamburger
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Viva La Revolucion!
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Post by Aman A.K.A. Ahamburger on Apr 25, 2011 0:31:45 GMT -5
West Texas Banking is going well with the increase in Oil Wells, Individual wealth and Wind power.. 2011 is going to be a great year.. Now for Wine and Cheese!!! Texas Farming Bank system has had a record Q1.. Wealth in Farming and ranching is making up for low interest rates for depositors.. M3 will improve when the interest rates for deposits is greater then one year T-notes Time for the saver to make money with interest.. Thank-you ST Louis President James Bullard, PhD.... Just a thought, Bruce A great thought it is! Lets see that Teir one at 20%. A 10%+ saving rate would be okay.  Enjoy the cheese! |
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bimetalaupt
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Post by bimetalaupt on Apr 27, 2011 14:34:43 GMT -5
Frank,
It is going well and the new 7 Meg wat system are going to make the 78 acre mountain rock with power.. can work with winds up to 60 mph.. high watts and high winds are going to rock.....like the good book said built on rock!!! What a house!!! 5/21/2011 see email.. about the merger..
Bruce
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bimetalaupt
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Post by bimetalaupt on Sept 7, 2011 20:04:30 GMT -5
Frank, It is going well and the new 7 Meg wat system are going to make the 78 acre mountain rock with power.. can work with winds up to 60 mph.. high watts and high winds are going to rock.....like the good book said built on rock!!! What a house!!! 5/21/2011 see email.. about the merger.. Bruce The e-126 is being delayed at this time...the needed crane is not around and the road needs widening and straightening. Bi Metal Au Pt |
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bimetalaupt
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Post by bimetalaupt on Sept 10, 2011 12:41:15 GMT -5
It is interesting to see how many people are paying cash for more things... I wander how much of this is "Garage sale" recycled money.. We have seen garage sales everywhere this week end. Like the number of pianos for sale at E-Bay and the prices!!! I know people are getting about 35% of the value of there gold at the pawn or gold shops selling... Just a thought, Bi Metal Au Pt  |
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