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Sudden Debt: A Blast From The Past
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I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Monday, May 16, 2011. A Blast From The Past. I have been re-reading Gustave LeBon's The Crowd. The 1895 classic on the psychology of herd ("crowd") behavior. The French social psychologist was the first to scientifically and methodically study crowd behavior outside the criminal classes. Here are a few bon mots:. Crowds amass mediocrity, not intelligence. Crowds cannot help but exhibit excessive credulity. A Socia...
suddendebt.blogspot.com
Sudden Debt: September 2013
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I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Monday, September 30, 2013. Congress has not (yet) approved the Federal debt ceiling increase necessary to keep the government running. This fandango goes on regularly in the US, sometimes even resulting in shutdowns of government operations. No one really. To the indifferent public. Well, the ref always won - in the past. And I say in the past because. accidents do occur ( yes, Virginia shit happens. Err oh they ...
suddendebt.blogspot.com
Sudden Debt: October 2011
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I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Sunday, October 30, 2011. In the last 30 years the top 1% of Americans saw their real, after-tax income increase nearly fourfold. And how about the "other" 99%? Look below (click to enlarge). One picture is worth a thousand words. The chart appears in an article in The Economist ( Income Inequality in America:The 99 Percent. Which includes the following passage:. Done by the US Congressional Budget Office . From a...
suddendebt.blogspot.com
Sudden Debt: Oily Triple Top
http://suddendebt.blogspot.com/2013/07/oily-triple-top.html
I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Friday, July 26, 2013. Still on the short post mode. Crude oil. Looks like a possible triple top going on here? The EU is entering a recession, China is slowing down, the US is producing frac shale oil at record levels. What's holding up prices? Political turmoil in the ME and the Saudis acting as swing producers. And gold, a forerunner in my opinion, has broken down most decisively. Friday, July 26, 2013. It's to...
suddendebt.blogspot.com
Sudden Debt: The Big(ger) Picture
http://suddendebt.blogspot.com/2013/09/the-bigger-picture.html
I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Monday, September 2, 2013. I went on a two week sailing vacation away from it all and what do you know? No news, no market quotes and no insta-charts to clutter my brain had the usual salubrious effect. That is to say, the big picture is easier to see, from. the sea! And what IS the Big Picture? Yeah, yeah. I know:. Technical advances in oil extraction (eg frac oil) has raised non-OPEC production, particularly in ...
suddendebt.blogspot.com
Sudden Debt: Ding Dong Dammit!!
http://suddendebt.blogspot.com/2013/09/ding-dong-dammit.html
I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Monday, September 30, 2013. Congress has not (yet) approved the Federal debt ceiling increase necessary to keep the government running. This fandango goes on regularly in the US, sometimes even resulting in shutdowns of government operations. No one really. To the indifferent public. Well, the ref always won - in the past. And I say in the past because. accidents do occur ( yes, Virginia shit happens. Err oh they ...
suddendebt.blogspot.com
Sudden Debt
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I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Thursday, October 10, 2013. Crunch Time, Addendum. I think it is instructive to provide a chart on what is going on in the Federal budget. Government spending has been flat for almost five years and the deficit gap is narrowing fast. Yes, part of the flattening out in spending has come from ultra-low interest rates on debt outstanding, but still. Can't say that the Obama administration is a spendthrift. I have fre...
suddendebt.blogspot.com
Sudden Debt: May 2011
http://suddendebt.blogspot.com/2011_05_01_archive.html
I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Monday, May 16, 2011. A Blast From The Past. I have been re-reading Gustave LeBon's The Crowd. The 1895 classic on the psychology of herd ("crowd") behavior. The French social psychologist was the first to scientifically and methodically study crowd behavior outside the criminal classes. Here are a few bon mots:. Crowds amass mediocrity, not intelligence. Crowds cannot help but exhibit excessive credulity. To wit,...
suddendebt.blogspot.com
Sudden Debt: August 2011
http://suddendebt.blogspot.com/2011_08_01_archive.html
I HOLD THIS TRUTH TO BE SELF-EVIDENT, THAT A DEBT CRISIS CANNOT BE RESOLVED WITH MORE DEBT. Wednesday, August 31, 2011. It's Time To Tax. The following story appeared in Reuters and made my stomach turn. Some U.S. firms paid more to CEOs than taxes: study. Compensation for the 25 CEOs with pay surpassing corporate taxes averaged $16.7 million, according to the study, compared to a $10.8 million average for S&P 500 CEOs. Among the companies topping the IPS list:. Look at the chart below. If we merely ...