tag:blogger.com,1999:blog-4863014635257598503.post8255128815507534365..comments2024-02-27T22:18:53.706-05:00Comments on Zero Hedge: Some More Observations On The BudgetTyler Durdenhttp://www.blogger.com/profile/00165439451205639523noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-4863014635257598503.post-20307229489995092452009-04-15T20:06:00.000-04:002009-04-15T20:06:00.000-04:00i'll take "(3) cut defense spending by 55 percent"...i'll take "(3) cut defense spending by 55 percent" for $380 billion please Alex.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-2071946368107957472009-04-15T18:06:00.000-04:002009-04-15T18:06:00.000-04:00VAT it is!VAT it is!Markhttps://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-74062275400417978322009-04-15T15:45:00.000-04:002009-04-15T15:45:00.000-04:00Longoverdue- there are business cycles and financi...Longoverdue- there are business cycles and financial system breakdowns. I don't think they are the same. 1907, 1929, 1987, and 2008 are massive breakdowns. Your argument does not seem to hold.fourthestatehttps://www.blogger.com/profile/14061010433731445000noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-51556021032455492962009-04-15T15:29:00.000-04:002009-04-15T15:29:00.000-04:00A good example of both governance and structured f...A good example of both governance and structured finance being broken at the same time. <br /><br />Right now the Treasury and the Fed have committed all resources to propping up the financial system. Good for them but what happens next? Where are the money (and money- like) flows going to come from? <br /><br />Whose money will replace the taxpayers' in structured finance? Will there be a structured finance after another year of no flow of funds?<br /><br />Another concern over the massive and growing debt load - can it be serviced in a high(er) interest rate climate? Will a rise in rates - or more Fed injections - precipitate a race for the exits (since there is obviously a lot more 'product' than there are paying customers for it.)<br /><br />These are scary times and getting scarier.Steve From Virginiahttps://www.blogger.com/profile/04002636865996847926noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-48140966257437066702009-04-15T15:26:00.000-04:002009-04-15T15:26:00.000-04:00Short treasuries. OTM puts on long dated treasury...Short treasuries. OTM puts on long dated treasury options - particularly the 30 year - should do the trick.In Debt We Trusthttps://www.blogger.com/profile/05283475872936333396noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-80162263793241401262009-04-15T15:20:00.000-04:002009-04-15T15:20:00.000-04:00These clowns will find themselves in the same situ...These clowns will find themselves in the same situation FDR did in 37 and Japan found out the economy is now totaly dependent on government spending, every time attempts are made to raise taxes and cut that spending the economy will slide back into deflation.<br /><br />-----<br /><br />Gordon Brown will find out the same. There are many areas in the UK where over half workers are employed by the UK government. This strategy prevents economic growth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-88026609755285665142009-04-15T15:09:00.000-04:002009-04-15T15:09:00.000-04:00These clowns will find themselves in the same situ...These clowns will find themselves in the same situation FDR did in 37 and Japan found out the economy is now totaly dependent on government spending, every time attempts are made to raise taxes and cut that spending the economy will slide back into deflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-41171016022484570192009-04-15T15:03:00.000-04:002009-04-15T15:03:00.000-04:00fourthestate said...
For the past century, any ti...fourthestate said... <br />For the past century, any time there has been a multi-term GOP presidency there has been a major banking crisis to follow. Eisenhower is the exception. Correlation does not imply causation, but it's just an observation.<br /><br />It's called economic cycleLongOverdhuehttps://www.blogger.com/profile/09139287776164413660noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-56665067779365108932009-04-15T15:02:00.000-04:002009-04-15T15:02:00.000-04:00I think i'm going to pass out just reading thisI think i'm going to pass out just reading thisLongOverdhuehttps://www.blogger.com/profile/09139287776164413660noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-77868315253780669532009-04-15T14:47:00.000-04:002009-04-15T14:47:00.000-04:00Little Obama here...
I submit to you, Anonymous a...Little Obama here...<br /><br />I submit to you, Anonymous at 1:59, that Sweden-like tax regime is far less painful than your massive deleveraging program. I assume you will disagree, but that's probably because your ability to pay for housing and food is probably not threatened at the present time. This can change though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-87384161677106901822009-04-15T14:31:00.000-04:002009-04-15T14:31:00.000-04:00The only way out is a world war.
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Yes, if P...The only way out is a world war.<br /><br />-----<br /><br />Yes, if Pakistan, China, and India kill each other in a nuclear war, that would destroy enough excess labor and capital to give us an economic boom.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-48436974736647939062009-04-15T14:13:00.000-04:002009-04-15T14:13:00.000-04:00The only way out is a world war.The only way out is a world war.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-69938357985063342882009-04-15T14:11:00.000-04:002009-04-15T14:11:00.000-04:00ZH, re: your agreeing "particularly with [Martin's...ZH, re: your agreeing "particularly with [Martin's] last point," if the worst recession since the GD is not the time to "blow the fiscal wad," when is?<br /><br />It strikes me that second-order mistakes of commission are always possible, often plausible, and sometimes probable, but first-order mistakes of omission are always certain.Peateyhttps://www.blogger.com/profile/16871839662994505742noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-1068641460326781072009-04-15T14:07:00.000-04:002009-04-15T14:07:00.000-04:00For the past century, any time there has been a mu...For the past century, any time there has been a multi-term GOP presidency there has been a major banking crisis to follow. Eisenhower is the exception. Correlation does not imply causation, but it's just an observation.fourthestatehttps://www.blogger.com/profile/14061010433731445000noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-38194572764637379692009-04-15T14:05:00.000-04:002009-04-15T14:05:00.000-04:00This comment has been removed by the author.fourthestatehttps://www.blogger.com/profile/14061010433731445000noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-33177552959735153352009-04-15T14:02:00.000-04:002009-04-15T14:02:00.000-04:00.
The value of Truth - (The Fed's buying power +....<br /><br /><br />The value of Truth - (The Fed's buying power + Congressional hoodwinks + Sheeple) = 0. <br /><br />Don't fight the trend.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-66613528930712821972009-04-15T13:59:00.001-04:002009-04-15T13:59:00.001-04:00correction 135 million (still more than a tad)correction 135 million (still more than a tad)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-33686045378855787552009-04-15T13:59:00.000-04:002009-04-15T13:59:00.000-04:00nice dude, you are a little obama in the making. l...nice dude, you are a little obama in the making. let's kill our economic future under the specter of some boogeyman alternative that may or may not happen. how about a massive deleveraging which would wipe out tons of equity holders, but equitize the bulk of debt and make this country actualy viable? this is not a discussion of which death is less painful - it is a question of how we turn the administration away from its horrendous course. leveraging more in a ZIR environment did miracles for Greenspan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-61265411634590246342009-04-15T13:58:00.000-04:002009-04-15T13:58:00.000-04:00SPY volume seems a tad light today with just 2 hou...SPY volume seems a tad light today with just 2 hours to go just 83m shares so far - actually that's a whole lot more than a tad by my reckoning -Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-12269951249144000862009-04-15T13:55:00.000-04:002009-04-15T13:55:00.000-04:00There is a lot of bithching and moaning about the ...There is a lot of bithching and moaning about the deficits, this blog included. But what's the alternative? Is REDUCED spending really a good way to go under the present circumstances? Is it really better that (i) the sick are without healthcare, the poor are out on the streets and there is no stimulus spending but (ii) the treasury has a healthier balance sheet? Is a healthy balance sheet only a means to some end or is it an end in itself? <br /><br />Seems to me ZH is just happy to point out the costs of debt inflation, while the costs of doing otherwise are conveniently left out of the discussion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-60006899108701261262009-04-15T13:54:00.000-04:002009-04-15T13:54:00.000-04:00Mother Jones Magazine asks if Geithner's bailout p...Mother Jones Magazine asks if Geithner's bailout plan is illegal: http://www.motherjones.com/politics/2009/04/geithners-hedge-fund-bailout-illegalAnonymousnoreply@blogger.com