tag:blogger.com,1999:blog-1527840491496268397.post6056604086151697174..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: High Plateau Drifter rides again!Unknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1527840491496268397.post-19007880798774836632016-02-11T11:18:48.061-07:002016-02-11T11:18:48.061-07:00@AllanF
"Ultimately, negative interest rates...@AllanF<br /><br />"Ultimately, negative interest rates are the elites saying that there will be no further capital formation... we have it all now, and we're keeping it."<br /><br />Yup!!<br /><br />And also no long basing formations allowed after a crash during which a new generation of savers could pick up common stocks at low prices. The Fed rips away that opportunity every time.<br /><br />Everyone on ZH thinks that the Fed is just the handmaiden of the banks, but in fact its powers go much further than that to preserving the wealth and capital of an entire class of people, and closing the door to upward mobility in the process.<br /><br />High Plateau Drifternoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-79805395768797264342016-02-10T23:07:24.922-07:002016-02-10T23:07:24.922-07:00How can negative interest rates, or rather fees on...<i>How can negative interest rates, or rather fees on demand deposits, possibly help.</i><br /><br />I'm totally with you on that one. It is such a transparently bad idea on so many levels it begs belief. I can only regard it as a final impotent attempt of a geriatric old-guard so insulated from reality for so long that they've convinced themselves they can do no wrong. Such hubris is the stuff of epic history.<br /><br />It is either that or the conspiracy theories are true: there is a cabal that has prepared to come out on top following a radical revolution and are now ready to set into motion the final act.<br /><br />I don't see how there can be any plausible explanation in between.<br /><br />Ultimately, negative interest rates are the elites saying that there will be no further capital formation... we have it all now, and we're keeping it.AllanFnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-50884765626189924342016-02-10T22:44:26.341-07:002016-02-10T22:44:26.341-07:00DXJ is long Nikkei short JPY/USD (i.e. hedged the ...DXJ is long Nikkei short JPY/USD (i.e. hedged the yen).<br /><br />The worst trade to be in right now!<br /><br />http://stockcharts.com/h-sc/ui?s=DXJ&p=D&yr=5&mn=0&dy=0&id=p35925401447CPnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-69245230546593746452016-02-10T20:33:21.436-07:002016-02-10T20:33:21.436-07:00Bernie will raise taxes in a recession as a way of...Bernie will raise taxes in a recession as a way of driving recession into a depression thereby turning political anger into outright rebellion. Tis the season of wickedly bad ideas<br /><br />But there is something here that I am missing or do not understand.<br /><br />How can negative interest rates, or rather fees on demand deposits, possibly help.<br /><br />I don't get it!<br /><br />Can anyone enlighten me?<br /><br />High Plateau Drifternoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-53354091900540603852016-02-10T20:12:43.554-07:002016-02-10T20:12:43.554-07:00Cross posted at Sailer's blog,
If I was a Dem...Cross posted at Sailer's blog,<br /><br />If I was a Democratic party bigwig, I’d be terrified of this stuff — how stuff you said 20 years ago in a completely different political environment could come back and haunt you for being insufficiently progressive by modern standards.<br /><br />I wonder how all this must look to, say, politically ambitious kids of about high school age. I’ve always thought the hyper-ambitious Marco Rubio types that political parties depend on have their political views shaped at least partially by their own career self-interest — whichever ideology seems the most likely to deliver a person like themselves to the Oval Office is the one they naturally find the most persuasive.<br /><br />Well, right now, there’s an entire generation of ambitious, charismatic young white kids who are constantly being pounded over the head with the message that they have no future in the Democratic Party. How could they? In addition to being hostile to white people in general, the party presents no plausible career path to anybody who’s not black, gay or transgender. Hillary Clinton checked the right boxes at every single stage of her entire career and she’s on the verge of being bamboozled — again — by yet another freak electoral phenomenon that nobody would have seen coming just two years ago. And here’s Genius T. Coates roasting her over coals for doing what, back in the 90s, was considered the smart move. If you’re a calculating Tracy Flick type, how do you plan for any of this?<br /><br />Meanwhile, you look at the Republican race, and it’s full of folks that you just know were president of every club in high school. Even the wild card Trump presents a plausible model for an ambitious kid who has loads of charisma. What go-getter student government nerd looks at Bernie Sanders and says, “if I play my cards right, that could be me?”<br /><br />http://www.unz.com/isteve/genius-t-coates-endorses-bernie-sanders/Anonymousnoreply@blogger.com