Title: U.S. MAY S&P/CASE-SHILLER HOME PRICES RISE 4.6% VS YEAR AGO [African American Hating Nebby on Suicide Watch] Source:
BBG URL Source:http://www.bloomberg.com Published:Jul 27, 2010 Author:CARLOS TORRES Post Date:2010-07-27 09:07:11 by war Keywords:None Views:19603 Comments:39
Some seem to think that Japan just sat back and did nothing during this time. 1989 til today.
There is nothing further from the truth. Japan was the first major economy to go down the path of quantitative easing. Japan also injected enormous amounts of money into their economy to stimulate growth. Yet the above chart is rather clear in the outcome. Some point to unemployment in Japan remaining low. This is more a sleight of hand with economic data. Although the official rate is low, nearly 1 out of 3 Japanese workers are considered part-time employed. That is, no security of long-term employment.
We have seen a massive rise in the number of Americans that now work in a part-time fashion. No benefits, lower wages, and job security that is no longer an option in the longer term. It is easy to see why asset prices in Japan have remained depressed for so long. Prices in the U.S. are showing no sign of inflationary pressures because there is little mechanism to force wages up with such a giant over supply of labor in the market. This is possibly one of the major points missed by those who predict inflation or hyper-inflation in the future. Central banks can print but they cant force wages up especially in a global market where cheap wages are the status quo.
To the contrary, banks are following the zombie like behavior of Japan banks by hoarding funds:
Let's call this whatever-you-want-to-call-it(today's pundits/economists/soothsayers/courtesans;}
a compressive deflationary contraction, because that's exactly what it is, an accelerating systemic collapse of activity due to over-investments in hyper-complexity (thank you Joseph Tainter). A number of things are going on in our society that can be described with precision. We've generated too many future claims on wealth that does not exist and has poor prospects of ever being generated. That's what unpayable debt is.
And at some point the US has to stop. Bring ALL the debt on it's books and announce that no more is being created. That day is not today.
But within months. Think the day before the NEXT False Flag. Like Rummy's announcement that $2.3 Trillion is missing from the Pentagon. ;}
The Fed is a Private organization that thru illegal means put itself between our government and us the People. IT HAS FAILED at Stablization of our currency and creating jobs.
The US uses the Fed to avoid responsibility and to concentrate wealth.
Everyone GSE debt instrument is, in essence, putable to the Fed.
Exactly. But it hasn't been put yet. ;}
It will be. When all the king's horsemen run out of their 'guarantees'.
Within months.
Debt can only be created by growing energy. Energy stopped growing May 2005. Same time housing crashed.
No energy. No debt. No debt. No Trillionaires.
"Broken financial generations U.S. households only have a median of $2,000 saved in retirement accounts. The median net worth for those 25 to 34 is $3,700. Which generation will support the economy going forward? Social Security beneficiaries make up 19 percent of all Americans.
Now that weve had three full years after the bubble popped, we can see what banks have done to fix the problem:
-Hoard money to fix balance sheet imbalances
-Suspend mark to market (Japan banks zombie like tool of preference)
-Ignore major commercial real estate problems
-Drag out the real estate problems (we have done the same with banks delaying the foreclosure process, stopped lending their own capital in place of government loans, and banks have turned inward with government bailout funds).
Because Obama broke his campaign promise to leave.
No, he didn't.
The situation presents a test for Mr. Obamas vow to end the war, perhaps the most defining promise he made when he ran for president. While Mr. Obama has proved flexible about other campaign promises and deadlines, his plan to pull out combat forces by August and the remaining 50,000 trainers and advisers by December 2011 has been the most inviolate of policies.
Let's face it, War and schmucks like him were fooled. So easily and completely fooled.
A) I didn't vote for Obama.
B) If you review LP in early 2008, you will find that I did not buy his Iraq/Gitmo bullshit.
C) So far, I've won about 5 cases of Heineken Lite and a bottle of Silver Oak - with both of more to come - because we have combat troops STILL in Iraq. My next payday is 9/30.
You wouldn't happen to have the text of the whole speech, would you? Not saying you spin like a top, but...
If I provided you text. You would want video. Are you saying that you think the video is fake. That it is a computer generated image and computer making Obama say what he said in the video?
If I provided you text. You would want video. Are you saying that you think the video is fake. That it is a computer generated image and computer making Obama say what he said in the video?
You know stone, I had a pet rock once too but I couldn't teach it anything, is that what lucysmom is to you? aha
Obama: "I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." ~ Oct. 27th, 2007
"This Is How The World Ends, This Is How The World Ends, This Is How The World Ends, Not With A Bang, But With A WIMPER"
I'm saying a 15 second video is a sound bite - it lacks a context. Lately we've seen how misleading sound bites can be.
The context is clear and present. You aren't being honest. Lack of virture. Is that the way a mom should behave?
The only example I can think of recently that shows how soundbites can be misleading is when the media in the Sherrod case recently said they looked at the whole video and then they said it put the original video out of context. A clever PSY OP. They never showed the context of how it changed. They just made it up. Breitbart was right. I dare you to prove differently.