Annual Inflation
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This is a great video by Christopher Whalen on Bloomberg. He is saying some of the things which are going to be working out over the next few years in the slow motion of foreclosures. The knock on effects will work out as a long downward pressure on asset classes, not a single Lehman like event: You guys in in the media have a very tough time. You’re looking for events. You’re trying to cover the news minute by minute. This is cancer. . . . → Read More: Foreclosure-gate is a ‘cancer’ According to Wired’s ‘Danger Room’ the Air force is asking for research proposals to degrade the enemies minds… . . . → Read More: Neuroscience for war The Fed has announced quantitative easing 2 known by the QE2 moniker. The expectations that this alone can raise the level of economic growth in the US is definitely overstated. The Financial Times however points at two other adverse consequences which may turn up in the next 12 months: …other countries are likely to counter what they view as an unnecessarily disruptive surge . . . → Read More: QE2’s like unintended consequences Treehugger reports that Urbee has developed a prototype car whose exterior was completely 3D printed using Stratasys’ 3D printing technology. The goals of the car were admirably ecological: 1. Use the least amount of energy possible for every kilometre traveled. 2. Cause as little pollution as possible during manufacturing, operation and recycling of the car. 3. Use materials available as close as possible . . . → Read More: How to print a car Simon Johnson suggests in a post Foreign Money, National Security, And The Midterm Elections that there is a equality among nations in their investment strategies, leading the US to gain significant inflows of foreign investment, while US companies invest outside the US. This is a false equality. There are self inflected actions which are changing this drastically against America. The current Administration, despite campaign promises to create a level playing field for Americans to compete internationally, has continued and intensified IRS persecution of overseas Americans and so-called US persons. . . . → Read More: Level Playing Field of Dreams In which David S. Broder suggests it is both politically expedient and economically prudent to foster a war with Iran. I sincerely hope that the war parachute will not need to be used to halt this current free fall. . . . → Read More: War as the solution to our woes Rather than steering towards balmy waters, Captain Bernanke has set course towards the iceberg fields. Full speed ahead! . . . → Read More: QE2: A Titanic loss? In the mid 1970s when the US was the world’s #1 exporter with a positive world trade balance for 95 out of the previous 100 years, Sen. William Proxmire (D,WI), proclaimed that Americans living and working abroad served no useful purpose in creating American jobs by selling American exports. To him they were “…swathed in mink spending their tax evasion dollars at the gambling tables of Monte Carlo” and mounted a campaign to exterminate them by also subjecting US citizens living, working and taxed abroad to the same US taxation on their world-wide income as if they had never left our shores. . . . → Read More: Wake up: Jobs and exports are related to tax policy The U.S. government taxes expatriate citizens on their worldwide income regardless of where it is earned or where they live, making them the only people in the developed world who are taxed in both their country of citizenship and country of residence…these rules are getting tougher and the penalties more draconian by the year… experts see a declining foreign investment in America. . . . → Read More: Toxic Citizens |
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