The other side of BIG and Demand

The books need to be balanced, saldeck, - at least theoretically - to demonstrate if your proposition of the new BIG is feasible.

That balance is the answer to the query, "Who pays for it?"

Distribution in any amount to other than the chosen recipients, is objectionable - especially to the 83 or 87 who constitute the weighted majority in today's effective constituency. They do not favor recovery; if they did, the capital would have been available and the process would have been underway. Demand would no longer be an issue. But, with your proposal, taking the effect of inflation into consideration, finances would be a considerable burden. If distribution to the lower echelon is necessary, paying for it could only be managed by reclaiming the distribution by raising taxes on the recipients. Clearly counter-productive. Therefore, we're left with the option of taxing the 83 or 87 who have control of governments world-wide.

Now, I ask - How viable is that?

The first objection would be the basic panic curse of "Communism!" or "Socialism" (which, if applied as it has been in the recent run-up to the crisis, meaning assistance to the culprits who ran short of circulating currency because they diverted the flow to where they believed it would do the most good, then had the governments reimburse them for the "goodwill" (?) created. That was an acceptable form of socialism; but any suggestion for restitution in the form of taxes on the elite or restoration of missing funds would be clearly the anathema of current governmental systems. The anthem woudl be heard loud and clear, that painful howl echoing day and night, "Robbery! Nobody's gonna get my money!"

So there you are! Directional flow of all money has been pre-determined. There's not enough to feed the savage hunger of the 83 or 87 controlling individuals and also stimulate the basic needs which comprise "demand" for the 72% who constitute normal consumers in normal markets.

So, the 83 or 87 have staked out their claim. And the legislators have dutifully decided who is entitled to collect and retain and who will not pay! Other than that, options are wide open. Those options have no relation to the outmoded theoretical concept of old-fshioned (as of the new century) "Demand".

The books will be unbalanced again for one reason or another if your proposed "BIG" concept is instituted.

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NOTE

This is an attmept at posting a reply as an Forum Topic since the dreded 403 denial is in force somewhere and willnto permit my response to be posted as a comment.

Here's the trial.

Moving day - to provide more space

Corruption Affects Stock Market

Submitted by saldeck on Thu, 01/07/2016 - 09:14.

There is a deep reason in play during the latest stock crash. China's old business model based on corruption and political patronage has collapsed, thanks to Xi Jinping anti-corruption campaign. But the new business model supposed to replace it is yet to take place because conservative forces inside China's communist party oppose the changes.
The upshot is that China could face further market uncertainties in the next few months. All this while the EU is being shaken by various political and economic problems and the Middle East is being impacted by dangerously low oil prices.
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China Stock Markets Closed After 15 Minutes

Submitted by Veteran_Lender on Thu, 01/07/2016 - 13:35.

George Soros cries out-- It's 2008 all over again! Sorry, no it isn't, George. For a fact, it's 2016 and there are ZERO attributes to tap today that won't instantly accelerate decay. We bailed BIG for nearly 8 years. They repaid us with tremendously bloated manipulation, control and steerage and magnificent cost. The financial sector cannot help us now, only hurt us. Wondering how this is? Re-read your Fiat Money Inflation in France. Currencies are so diluted now that only compression or fiat can revive what monetization has destroyed. Flat out-- end billionaires and make millions of enterprises. The majority of Congressional seats are up for election in November. I can tell you for a FACT that the Four Horsemen of the Commercial Apocalypse are: Big Oil, Big Bank, Big Tech and Big Law. These areas produce 100% of our stagnation, exposure and adverse conditions. Corruption exists in both parties, so it makes too much sense that an all-out NO vote on incumbents is more likely than either party surviving intact.

I agree with O&G about the 20% circuit breaker. At 17,000... 20% is 3,400 points for the Dow. Some say- impossible, but given that nearly all of the club members of the Dow are speculative and lack actual open market sales in lieu of cooked book sales... no figure is out of reach.

The rally cry will get louder this year. It's time to either call-in and re-distribute all the currency or it is time to bring down the wealthy and shatter glass ceilings. Both are more likely the course now. Remember this... there was $50 to $60 Trillion in global currencies coursing through economies in 1997. In August, 2012, experts said $634 Trillion existed in three forms- currency, debt instruments and derivatives. Given how much bailing has been done and a secular stagnant condition globe-wide, the experts might see us north of $3 quadrillion now. If only $50 to $60 trillion is directly relative (maybe) to viable assets, one HELL of a lot of wealth evaporates as we compress. It doesn't shift, it doesn't exist.

Watch your bastions... REITs would take major hits in compression- they are just books, not viable assets and a global glut in who owns what without a Public viable and stable means fire sales are coming. We cannot look back in history and see a time when there was this much unsubstantiated money that cannot be used in the mainstream... no reference point. Uncharted waters.
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For The First Time Markets Reflect Reality

Submitted by saldeck on Fri, 01/08/2016 - 09:03.

It is the first time, after years, markets reflect reality.
While the proximate cause of the current turbolence is China's flagging manufacturing sector, the underlying reasons are even more important, like the dismal state of the US economy which continues to languish in a long-term coma.
The financial system continues to edge closer to its inevitable day of reckoning, thanks in large part to the efforts of the Fed.
The entire system is a house of card. But human beings always rise. They choose adaptability, creativity, freedom.
Human nature is not stone.
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What to Watch now...

Submitted by Veteran_Lender on Fri, 01/08/2016 - 14:57.

- Macy's terminates 4,800 personnel and opens smaller boutique stores in Dubai.
- Wal-Mart quietly shutters mega stores across the USA while opening Market Fresh groceries in key markets.
- Sears and K-Mart will go out of business this quarter.
- John Deere has over $5 billion in bond debt. It has no choice but to sell equipment. Everyone who would buy it has not had economic viability in 7+ years.
- Thrift store item prices are rising. They get that stuff for free so the reason would be backroom concessions to big businesses (mirror price increases, get stagnant dead stock donations from them).
- Housing is completely dead. Call it seasonal but it's really because no one trusts their employer.
- We will see gas prices fall. Expect a refinery fire or two or six to pump prices back up for Summer.
- We have no new enterprise in America. None. Even e-commerce is stagnating.
- Guns... it now makes more sense to pry them loose from cold dead hands than it does to keep seeing record sales and an increasingly powerful NRA. EFF the 2nd Amendment... LOOK at the 7th... armed nutcases are a Militia. We the People will demand an end to bailing Big Oil and a beginning to eradicate anarchists. Unfortunately, history says we topple when we make more gun holders to go after gun owners.
- The collapse of the European Union is evident. China has halted imports of German goods. No other nation even has exports.
- A nation truly wallowing is-- England. It's existing purely on debt now.
- Mining operations have lost more $$$$ than the cap-value of Apple, Google and Exxon.

This is a REALLY good year for perfecting your gardening skills and making some rain barrels. Really.

The Cure

Jos A. Bank final "buy one, get three" sale ever.
He has finally understood that when you buy one suit and get three, you may not need to buy another one for a while.
There are not strategies. The only cure is an increase in aggregate demand. Redistribution of income could help.
Markets won't able to solve problems that they have created.

Stock market activity 1-11-16 - A general observation - Updated

Monday's results on the NYSE showed the DJIA and S&P 500 on the plus side and NASDAQ barely down. At this time, today's market performance is another puzzle, more a gambler's come-on to entice someone to drop a hefty bankroll on the profitable spin of the wheel of chance.

Yet, in comparing the details of the day's activity, in both the number of issues exchanged and the volume of activity, losers outnumbered gainers by closer to 2:1 than the indices reflected.

An oddity of reporting, no doubt. But, it would suggest that using the indices from yesterday might be misleading in the search for reason to jump back into the markets.

Should we consider that type of reporting a little clever baiting on the part of keepers of the data? Observe today's (Wednesday's) or Tuesday's performance for that matter. Day traders make a mess of investors' intentions.

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Also, activity was much higher than normal Monday, at 4.6 billion shares traded!!!! Strong days usually run in the 4.2 bn - 4.3 bn range. HFT might have been heavier than usual, making up the difference. Something not to the advantage of anyone but he interlopers.

All the above follows an evaluation of Wall Street data posted by the Wall St. Journal after closing Monday.

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UPDATE 1-13-16

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Please be aware: The following is not offered as investment advice. It is merely a matter of personal outlook found of use on occasion by an individual with no particular strengths in investment technique or accomplishment.

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On reading the post above, an acquaintance asked why Russell 2000, an internationally based compilation should be more indicative of domestic activity, particularly here in the US, supposedly an autarkic (meaning self-sustaining or self-sufficient) economic system. All we need do to disprove doubt is enquire after the origin of his/her food, clothes and the likely source of our conveniences and appliances. Nowadays, most of these are made or grown elsewhere, not domestically.

So we ask, where is that supposed self-sufficiency? In being able to pay for imports with debt? And, when our large industries, some of whom are 40% to 60% dependent on exports, discover that foreign markets are sagging - along with the income from those dependencies which usually shows up a few months later - we seem to awaken to a sudden discovery that the books don't balance and Kindleberger's panic descends on us with the force of a sudden, summer deluge.

If we're looking for a quick responding index that might clue us in to what the future promises, threatens us or might indicate what has recently transpired globally, we'll not find answers in the performance and reactions of ponderous, megalithic corporations who are less and less dependent on product and market trends and concentrate more completely on the finance of shuffling through profitable mergers and acquisitions. Even when the loan comes due and cash flow is inhibited, their operation is more intertwined with the financial world than with consumer markets - to the point where only global crises and not common recessions interfere with their banking relations, defined most aptly by recognizing that banks' boards of directors are usually composed of their own corporate executives and directors. The aspects of financial machinations, loans and profits carry on past the point one would normally presume might signal underlying weaknesses or even desperation. Thus, the interruption to the finances of these difficult-to-pilot enterprises are extremely slow in developing, and often nearly impervious to changes generating unusual distribution of available stock and circulation of currency. Short-lived interruptions are slow in exerting influence on their principle activities, which, as detailed above, should now be obvious, is our central belief.

Not so for smaller, leaner enterprises, which with fewer available reserves are therefore more vulnerable to fluctuations of the lesser market amplitudes. Such smaller businesses are more susceptible to the effects immediate changes exert on the flow and availability of funds. Their principal role is usually one of servicing the incidental but essential needs of the megalythic corporations, supplying necessary product or service which large corporations find unprofitable or more distraction than convenience in-house; thus, small businesses are ancillary and likely to bear the brunt of impact of slowdowns to market fluctuations more immediately.

Russell, composed of a global sampling of such smaller cap businesses, is therefore a better indicator of growth or lack of it, and more likely to presage the movement of major indices and could be worthy of attention, even though more attention is devoted to the majors by neoh's MSM - and has been by yours truly here at duff’s.

Despite its importance, the emphasis on the major stock indices is still not about to change here or elsewhere. Yet, readers should be aware that there is a frequent glance toward Russell to get a sense of the immediate conditions and implications for the future. So, while the major indices are flying high and satisfying the appearance of substantial safety and economic improvement, the economy beneath, tracked largely through international trade and housing construction, may be slow responding even while the soft-underbelly of markets for whatever reason may be frayed and weak.

Another reason this reminder is appropriate: while we're entering the period for the flood of information on the balance sheet state of large corporations, we should not lose sight of those smaller businesses dependent on the condition of their markets, the larger corporations, who might be helpless without their following. It first shows up in orders received, which fluctuations in turn demonstrate confidence or lack thereof in the immediate situation.

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Be advised this is not a foolproof means of determining the future, just a little personal prejudice developed through a long exposure which has been relevant at times and not so at others. As such, it is suggested that this not be taken as a means for evaluating economic conditions for determining investment opportunities, just an outlier (as we like to say). . . as every investor has discovered with his/her occasional and unavoidable flawed assumptions which lead to losses.

Investment acumen is a highly personal resource, built up over years of exposure and careful study. Few investors are successful right out of the gate. And, some well-informed notables have gained and lost fortunes from misconceptions and misinterpretations of short and long term conditions both on their own and by following the herd.

Trying to find a bright spot

Is there anything occurring world wide (economically) that indicates any type of near term growth that would justify a continuation of growth that this planet has experienced during the past 200 yrs? I'll define near term growth as being 5-10 yrs.
We might have had somewhat of a chance if more of the stimulus was used for long term infrastructure improvements over a 30 yr period. Giving it to the banks to speculate and gamble with only resulted in most of the money being lent to big bloated companies that in turn used much of it for accounting gimmicks to improve the "value" of their stock. Much of the rest was used to prop up the market to generated the illusion of wealth effect for older folks that don't spend much anyway.
I guess China tried to improve their infrastructure but they did too much too fast. The result seems to be extreme over capacity that will be with us for a long time.
Even the illusion that the developing world will manufacture the bulk of products while the developed economies will specialize is a farce. I'm quite sure an Asian brain is capable of producing anything that an American or European brain can produce.

Replacement will be the strategy for a stretch

As necessities suffer wear and tear, we'll need to replace or repair them. Replacement will get very expensive, so likely a lot of folks will have worked over furniture, autos, electrical appliances and new will become a no longer affordable option. This is our outlook for the short to mid-term future. If you're a fixer-upper or can gain entry to a service industry, you've got a chance.

Not that we shouldn't have new products, there are all manner of rumors and speculation about improvements requiring new investments, but the new items are slow in developing during subnormal times over run with doubt and characterized by hesitation. At such times investors are difficult to convince and unproven inventors are not the targets for donations.

It's no secret that most of the improvements in terms of more efficient production or advancements are based on developments that took place during wars. We need the improvements to get us over land or through the air more efficiently in greater numbers to engage and subdue the enemy, though the efficiency aspect might be over-rated. We were far from efficient in our kill-rate during WWII: the axis suffered 8 million casualties compared to 38 million among the allies. It was more a matter of desperation, or expedience that motivated the innovation.

The most obvious new technical devices to emerge from WWII were capturing the energy from splitting atoms, sonar for tracking down lurking subs, rocket planes to out-speed the enemy and create drones to destroy London, and the giant electronic calculators that eventually became the computer business and wifi handheld entertainment items that people gather around and forget their social senses and ignore friends or family they haven't seen for several months or years to watch a tiny bit of dancing light their agile minds can translate to data or entertainment.

Since WWII, we've found better use for the devices and techniques for harnessing natural forces than killing people or tracking their whereabouts, or moving our troops to locations so we could more conveniently kill greater numbers. Now the more ambitious among us concentrate on boring them to death or rendering them helpless, unemployed wards of the state, just as we conclude we'll have to shut down welfare and charity, because we can't tolerate the social burden of shiftless ne'er do wells. And, we have no intention of stopping there - since we can't afford the civilization we've created with these great improvements, we're going to downsize governments or otherwise incapacitate them so that they'll be unable to help the people we've deprived of job opportunities and the means to support themselves.

We'll maintain a skeleton crew in the industries dedicated to keeping the old frayed mechanisms running until they simply decay or have no more substance to which patches can be applied. But, we'll continue along that line, justifying our economic mode with the wisdom in such sayings as, "It's their own fault because they don't have the gumption to get off their lazy behinds and go out and get a job"; Or, "The more you give them, the more they'll expect."

Not too much speculation in the outlook if one cares to assess the condition of once moderately successful nations who developed their version of the favored few on political grounds, whose promises turned out to be more threat to others than promise.

During the great Pullman strike of about 125 years ago, negotiations reached an impasse when management claimed there was no new business. The only work they were able to generate was servicing the old railroad cars to keep them from falling apart - and this didn't generate the money needed to hand out wage increases beyond the impoverishment that had labor more in debt to the company at each month's end. Of course, that did not keep the company from handing out dividends larger than ever to enrich the stockholders. The sentiment showed up in the culture of the era; you've heard the song, ". . . another day older and deeper in debt. . . I owe my soul to the company store." O&G quoted it before in the "tsunami thread".

But, that's what "they" have in mind for us and our offspring again. We've been there before and it's difficult to erase from memory, that's why it's so easy to reconstruct. It is not imagination. There are some nations who've deliberately put their citizens into an equivalent situation for their own "betterment". That is a little more difficult to understand.

The transition brings with it the concept that big is destructive - not big in the personal sense or in reference to accumulated wealth of the few, but big in the social sense of government catering to the poor at the expense of taxes on the rich, that unjust bugaboo haunting the well-to-do - redistribution is unsustainable. The meaning for the word "welfare" will be turned around, too, reset to absolve those with the accumulated wealth and condemn those who would try to separate the rich from their wealth for a redistribution of wealth program of their own definition.

The big problem with that - by the time folks wake up to what's happening there will be nothing of value at home and if we have any hope of regaining the glory days of yesteryear it will have to be at another's expense. That means getting together expeditionary forces and enduring the race to disproportionate casualty rates all over again.

Of course, things could get so bad at home that we might not consider sending the forces overseas.

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The bright spot in all this? Well, we have to learn how to evaluate what we've done. If you were moderately successful leading into today's environment, that may not be in the cards for the next few hands dealt to you. It may be something left for the young people to learn. They need the guidance of alert folks who can take the young people down to the banks crowded with those trying desperately to save not only their holdings but the value in human suffering those resources supposedly represent. That guidance will be holding little noses to the windows and watching the strife and desperation unfolding on the other side. Force them to see, don't protect them from the truth. I've seen the slide from rags to riches during the Great Depression and the sudden collapse of a lifetime of honest dedication across borders when hostilities erupted. It was something no one deserved, then or now; except now, there are too many out there that deserve no pity for the corruption they created which will bring on the collapse.

But, the young, that is the bright spot. . . . And, their elders who know and care.

The Future Often Surprises You, But You'd Better Prepare For It

Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate when they were developed, but there is increasing evidence that they don't work in an economy that is reaching limits.
No politicians is yet saying to people something like:" Yes we face challenges that will be hard to meet, but meet them we must. And we must do it for all mankind. I want to help us all find ways to do so so that one day our descendants will not have to deal with the conseguences of our failures."

When you are in a war against a foreign thirannical threat, that is something tangible for which you are probably willing to fight and sacrifice. But when you are at war with totally unknown forces, especially if they are cryptic, like global warming, rising population, water limits or neoliberal capitalism, that is an entirely different thing.

And you come to realize you are really at war with your own beliefs, that is harder still.
There are good reasons for being pessimistic about stopping or even impeding the slide into darkness. One might maintain hope but it would be best to be prepared to adapt, if that is even possible.

Unsustainability

One of the two "guests" online right now-- block my reply.

Building A Suicide Ramp

There is no more stock market. It's a direct feed from market data to indenture by fake money printing. Hubris at it's finest... our way WILL work, even if we destroy the world proving Ivy League Psychopaths are smarter than any other human.
Apple-- claims it's music service set new record for sign-ups. Likely just added the sign-up to the last update.
Amazon-- will be up the creek as postal rates increase.
IBM-- doctor... do you feel a pulse?
Deere-- What... what's wrong with feeling confident about $5 billion in debt with no sales activity?
Goldman Sachs-- if all the debt you wrote is in default, you can't blame the economies of the world.
Exxon Mobil-- just keep pumping, just keep pumping, just keep borrowing. Record debt train wreck.

You watch... there will be an arrogant plea... buy stocks or leave America. It apparently isn't patriotic being out of work and struggling on not enough income. You are only America if your existence is totally corrupt.

State of the Nation Address. No one will watch it. No one cares. The nation is ruined. The culprits are convinced it isn't them. Twitter World Forever.

The End Of Our Economy's Lifetime

Falling oil prices are likely to cause numerous problems. One is debt defaults, both for oil company and for companies making products used by oil industry. Another is layoff in the oil industry.
Debt defaults are likely to cause major problems in 2016. We can expect one company after another to fail because of low commodity prices. Failing companies will lay off workers, reducing the quantity of wages available to buy goods made with commodities.
Debt will not fully repaid, causing problems for banks, insurance companies and pension fund.
Even electricity companies may be effected, if their suppliers go bankrupt and their customers become less able to pay their bills.
Diminishing returns with respect to human labor, tends to bring economies down.

We are in the unfortunate position of observing the end of our economy's lifetime.
We know that historically collapses have tended to take many years. This collapse may take place more rapidly because today's economy is dependent on international supply chains, electricity and liquid fuels things that previous economies were not dependent on.

Bullard

Market ramps because Bullard says that oil will bottom out eventually and recover. I guess he thinks that metal ores, steel coal, Baltic rates, horrible "real" employment data are insignificant.
I did not win Powerball.

Neo-Lockean Culture

- You will still not win the lottery.
- If you are connected to the Internet, they always have ways of spying on you.

We know it.

The political elites of the day must know the game is almost over. The cycle is almost complete and once it is, the power structures that control our lives will be gone. They try to convince us otherwise, of course. They try to show us that we need them. But we don't and slowly but surely, the average man on the street is waking up to the fact.

The future often surprises you.

There is something I find very exciting: you and I, probably, right here in our own place and time, are witnessing the birth of a new culture. For lack of another term, I would like to call this new culture Neo-Lockean, as it is based upon the core ideals of John Locke.
John Locke's brilliant tool for finding the right was to turn away from the political wranglings of his day and go back to human origins. To understand man in his original state and to specify what was right for him, before he was overrun with unnatural edicts, impositions and fears.

Glad you said it

My gut feeling has been that the world will be experiencing a drastic change maybe earlier than what many had expected. The current course, whether it be economic policy, consumption habits, and environmental abuse seems to be reaching a critical stage.
It's not something I worry about. Sometimes I wish I was younger so I could see more of how situations evolve. Perhaps a case of being careful what you wish for, perhaps not.
You are correct. People are slowly becoming aware that our current economic policy is unsustainable. The real wake-up call will be when they learn that the world is experiencing a mass extinction event primarily due to our abuse of the gifts and resources this planet provides.
I'll win Powerball the next time it gets above a billion. It's my time I tell you!

game over

Definitely a growing realization among the population that something is wrong. More and more people are realizing that the drop at the pump isn't the only thing that's crashing.
The rush for the exit will be epic.

Worse than class warfare.

No other description for the process underway - but GENOCIDE coupled with the destruction of civilization.

The heavy-handed methods we've been forced into - not for this country alone, but for the majority of nations - is for one purpose only: re-introducing a slavery.

What other description fits?

Those not included in the group of targeted prey, may believe they are allied with the predators; yet, are they really predators or no more than a lackey to the true predator class? And what would be the motivation? Anything other than preserving some part of their gains?

When such a small group can accumulate as much as half the population of the world, does that mean the war is over? Or, only half won? Can the winning side be sated at all? What - if anything - can end the onslaught? Anything short of total destruction or total subjugation?

Final stages of the struggle for existence will be struggles within social classes labor against labor, whites shirts against white shirts, etc. - even to the point that the elite few are devouring each other just for the sake of survival.

Brutal atavism will be considered gentility. Or, is it so already?

just lackey's

Most that fall into this type don't realize it yet. Lackey's are merely the prey of predators, something to be devoured when the lackey becomes not useful anymore.
There will be tribulations. Predators don't go down easily.
Personally, I think it's best to remember that human predators thrive on attention. They are narcissists. The lackey's role is to feed that narcissism. Ignore the lackey and the predator begins to starve.

Sheldon Adelson

Be sure to find the articles about this octogenarian nutcase. Being the undisclosed buyer of the Las Vegas News. I can't copy and paste the link. This guy is a serious world problem.

Apples and Oranges

Imagine hoarding apples when everyone needs oranges. Imagine making it all about oranges until a skin disorder developes from eating too many of them.

The Dow averaged a 2.2% loss in 2016, owing a record worse figure to the corrupt machinations of a Goldman Sachs in an Industrial Index.

2016 is a "change" year... 2+0+1+6 = 9. This type of change thwarts control and manipulation. Watch China succumb to a world that abhors its oranges. Better bet... Fruit bushel baskets. Get it? Be the laborer who carries the goods, not the paper holder who will get left in the woods as food for hapless predators.

We Have More Than Enough

Who pays for it? Can we afford it?
Few asked about affordability when they went to war or when governments bailed out banks. Giving money to banks seems less politically fraught than giving it to poor people.
We have more than enough to fill every hungry mouth on the planet and to meet nearly every human need.
We should be living in the time of humanity's greatest flower. But we are not.
Instead, we are stuck in a condition of permanent war, rising xenophobia, endless fear, perpetual distraction and soffocating conformity. Worse we are living inside of a surveillance state that is morphing into something truly, truly evil.

Posting here has become a problem. Is this intentional? Internet is quickly being turned into the most effective manipulation system in all of human history.
The Internet has been more than commandeered. It has been weaponized and turned against its users. Already, nearly everything is being funneled into Google and Facebook.

Unmaintainable

New word. Someone needs to get used to it. The more the suppression the more the substance falls away. When fewer work and there is no cash, activity fades and what ails us gets evident.

In as much as last week was incredibly horrible for retail... the new retail form factor is not seeing the returns and post-holiday gift cash isn't rushing to the Mall, it's picking off needful things online and in thrift. We watch OPEC make train wreck but that's not the big show. Banks don't make it.

the Dow missed its 20,000 mark or any reasonable run toward its own record. I've noticed that greed is very frustrated lately. Perhaps No Fear... Fears.

Coming of Christ Meeting

Ted Cruz meets with Big Church leaders today to discuss financial anarchy. His plans cannot help us by their very nature. Meanwhile... Yours and my banks (worldwide) now have seizure authority or the ability to commandeer our account funds to cover their bills in default.

For the first time, it seems as though what I have been doing since 2008 was the right thing to do.

Bail-in

Banks bail-ins have begun in Europe.
At the end of November, an Italian pensioner hanged himself after his euros 100,000 savings were confiscated in a bank resue scheme.
He left a suicide note blaming the bank. But he might better have blamed the EU and the G20's Financial Stability Board, which have imposed an "Orderly Resolution" regime that keeps insolvent banks afloat by confiscating the savings of investors and depositors.
The euros 3.6 billion rescue plan launched by the Italian government uses a newly-formed National Resolution Fund, which is fed by the country's healthy banks. But in Jenuary, EU rules will require that they also be imposed on depositors.That is what is predicted for 2016.
That is what is happening in the EU.

The long and complicated Dodd-Frank Act was supposed to end "too big to fail" and "bailouts" and to promote financial stability.
But Dodd-Frank has replaced bailouts with bail-ins, meaning that in the event of insolvency, big banks are to recapitalize themselves with savings of their creditors and depositors. There is reason for concern in the US. That said....

Happy New Year!

Killing Crazy

The past is not able to be corrected and there is little you can do if you ignored the corruption in the financial sectors worldwide. It's all false. All of it. As ordinary people, walking close to the poverty line as traceable assets go, is the key. Tomorrow is unlikely to favor hoarded money because none of it is real. Stocks and bonds must perform and basically... A handful of colluding administrative types won't keep business platforms afloat. Whether in Europe, U.S., Russia, Brazil or Australia new structures will draw the business, old will implode taking stock values down with them. Somewhere there are plenty of exchanged-hands assets that have been repeatedly retailed that finally go bust. No commodity has staying power... Oil is the pacesetter in value compression by manipulation.

Bizarrely, those who endure poverty are tomorrow's target market. What is left of banks won't be able to use loss leader marketing any longer and it makes too much sense that tapped savings gets called financial raping and causes sector reform and criminal prosecution. There is no longer a chance for a recovery so tomorrow is a Brave New World. Scary and exciting simultaneously.

event horizon

It amuses me to watch these events. All economic indicators are going down for the count yet countless peoples refuse to look at the facts. Most don't realize what the price tag was for the past few years of make believe prosperity.
An economy that is based on debt is doomed. I feel sorry for those in Brazil, Australia, Canada etc. Entire nations putting too many eggs in one basket. The usa has serious problems that will become evident this year. An economy based on the murmuring of the fomc and the ridiculous fang business platform is doomed.
You may be correct. The old order is struggling. I personally think that the usa will be the last to have to pay the piper.Unfortunately, being the last to start the rebuilding process is not something to be envious about. The periphery will collapse first. Last year it was Greece then most of the bric nations. The house of saud will collapse shortly. Being the biological sons of a king does not make a king. The usa will look foolish supporting that regime.

Even When I...

Even when I show people the actual figures, the majority refuse to believe me. Some chastise me for showing them. Ignorance is not a wise defense but neither is hubris. Both exist today.

We recently learned that Big Oil cannot keep stroking the political hand and remain solvent, thus, there is now cap to the once-endless supply of credit. Big Retail cannot draw customers into brick and mortar. Everyone who has a car is either too poor to upgrade or leased it. The lowest number of buyers on credit right now. Fresh funding isn't on tap for Wall Street.

All this said... this isn't a proper time to succumb to negativity, this is a work in progress that puts opportunity back into play. Face it... the moguls are clever but... mortal. Shift happens. Youth are walking away from houses because the light bulbs burn out or cannot seem to stop playing video games. These aren't anomalies, they are flaws in society that generate gaps. You cannot ascend to Tech Heaven if your supply chain fails and China is in its final chapter of mass crap producer.

Something different this way comes. Address it, don't fear it. When a KGB operative addressed a panel about Pope John Paul II, his investigation revealed the man's strengths to be his weaknesses... he preached of hope and not to fear. Today's world is surprisingly unchanged... have hope, don't fear... the end is near but not for you or I, the bell tolls for linear thinkers and a box with a lid quickly closing in on itself. It will be easier to live soon... harder to dictate how others must live.

Deviate.

First indication of 2016 paths

First full week of the new year and Asia and Europe are headed into the red zone with gusto.

The UK is faring the best of the nations on the other side of the pond, their indices down a mere 2.47% a little before 8AM; Germany, the flagship of the EZ nations is off over 4% and the orient fares no better. In the Far East, Australia fares the best with red figures just barely negative. . . otherwise, the figures are comparable to Europe.

Of the data being released, closing seasonal employment tosses the temps back onto the pile of unemployed and non-contributing idle souls.

Locally our GOP representative sent out a skewed questionnaire as though he was looking for guidance with a transparency so brutal, if you responded to anything that would benefit the US economy, you're sure to come in at the absolute bottom preference and your responses end up in the trash bin. Sixteen questions and not a one of them fit for correcting any of the flawed politics that dumped us into the no man's land of idleness and a bleak future.

Data on trade is down in the 40 percentile, manufacturing index is in the 40's, and expect unemployment stats to show a rise later this week; the projections indicate as much here on this bright Monday Morn, the fourth of the new year. . . . AND, the dollar again is thrust into the spotlight with a strong showing in the weak international trade setting.

O&G is caught in a dilemma - to send the proper response to the insulting questionaire or just conclude that no impression can be made on the bone-headed policies dictated to the unthinking politicos of small import who charge into the dark days ahead as though their poor little struggling jackass were a champion white horse carrying the New Sir Galahads into battle against their own mistakes.

At least Don Quixote was a pitiful character, these shadows of hopelessness work up no feelings of pity or other sympathies.

.

And, in this election year they sent the old platform ahead to indicate no intention to change. Keep it up boys, you'll soon be joining the other idle souls at the bread line. How many years in a row do you believe voters will accept the same unproductive policies?

Just keep your eyes on the rest of the world for an indication of direction. That is the sign of our future. No nation can go it alone in this evermore integrated world. Where is the strength or determination to lead us out of the mistaken, clouded past eight years +++? Bombast will not carry the day!

Just a Questionaire?

To add to your report, O&G... China closed it's markets this morning as stock selling topped a 7% LOSS. I suspect a good part of the kool aid world is selling off for the very reason you got the questionaire.

I thought I would frame the nature of your response... I am the economy, you are less of it. I have children left out in the cold for 7+ years now-- faring okay-ly but not remotely gaining the ground needed to replace those who fell off and continue to fall off. It makes no sense whatsoever to have high-paid administrators who move most of their wages into financial markets for a future shaping up to resemble a Black Hole. Every single person who used to spend most of their pay in the actual economy-- are destitute. If the GOP want to remain alive, the shift from the financial hoards and rigged Boards of Directors needs to be a total routing into the streets. I will decide who has "talent" and I will label it by active performance, not questionable credential.

Linear thinking is dead. My children tell me that they cannot do what I do because they cannot afford to. They can't live on what they earn in the rigged economy so the future does not contain them OR the future has nothing to do at all with what exists today. From a questionaire perspective... the military just said that it's them OR Trump. We the People need THAT military off American Soil before dusk today and REAL Americans who support democracy in that driver seat. Good Lord... is it possible that the Savior of this World is Donald Trump?!!!!!!!!

All the Comments portals are gone from beneath the MSNBC articles. For the record, that means 100% of those ads won't get exposure because the vast majority will abandon that portal. Consider the backslide from an ad sourcing disaster. I think it's a foregone conclusion that the GOP in-fighting catastrophe is on the horizon.

2015 was the worst year for financial gain since 1937. Forget 1937. Look up 1905. We are pretty damn close to the whole world's economic stability falling away from secular stagnation and corrupt manipulation. War won't cure it. Eating the rich, will.

Viewers..

Hopefully it's actual people interested in our site but I am seeing more and more guests noted in who is here when I am.

For those who guess what I do, post holiday sales are beating pre. A major retailer won't make its quarterly credit payment due now... We will lose a giant worth losing by current structure. There are few remaining not grown out of the Wal-Mart model which is also a dinosaur now. All eyes on China because it failed to do anything with itself, just greedily counted on the rest of the world for bailing and that didn't happen.

Coming soon... Who holds the credit contracts and are they viable? Bet... Not.

What We Learned Today.

Did you know that Germany's economy is heavily reliant on exports TO China that were obviously disrupted by today's market stoppage? It creates an interesting conundrum. Will the inevitable failure of China bring obvious compromise to Germany? A German failure frees a Hell of a lot of nations from suffocating debt.

Our own US Army weighed in on elections... it's either them or Trump. Obviously, greater support of Trump is needed because an Army led by GOP is hardly American. There is actually a psychological assessment in play analyzing minds of Conservatives. They are an enigma... educated but massively ignorant, wealthy but skill-less, the centers of a universe that cannot co-exist with anything else in the REAL universe. Essentially, we are seeing the whites of an outdated facet of our species' eyes and the weapon bearing down on them is their own mechanism.

If in fact there are less than 42 million people worldwide so-called thriving and 7 billion others not thriving, it seems wholly obvious what 2016 is all about.

Gun Control. Going head-to-head with the NRA is incredibly ignorant. Making Draconian Law is wholly ignorant. Wise people know that a gun permit is required for every weapon. Pull the permits. Tax them as a terror threat. A Commander in Chief can authorize that. Increase the tax for every additional permit. Send in the military to collect. If you see an elitist earning more than $100,000 and carrying... send them to Syria.

Did it surprise anyone that the first order of business for sitting Congress was to attempt yet another vote on the abolition of Obamacare without a viable replacement? What needs better advertisement is Tuesday's vote to AUDIT THE FED. I e-mailed my Congressional puppet. Did you? I told him I am released from obligation if he gives it a "no" vote.

Antidisestablishmentariandeglobalization. Anti GOP anti organized corruption anti global economy. There was a time when that sounded absurb. Today it is a rally cry you will hear more and more every day. Sucks to be linear.

A Possibly Bloodless Way

There is a possibly bloodess way to save the world: economics.

For example, what if:

1. Chinese President Xi Jinping rocks global financial markets after he announces that China will no longer accept the US dollar as payment for goods exported to the United States or anywhere for that matter. He said this decision was taken after the Chinese Communist Party figured out for the first time, that the US dollar was an instrument of faith and not finance. Every US dollar says " In God We Trust" and as Godless Communists it was unaccettable to use religious propaganda material of any kind. Asked what China would do with the huge dollar reserves they already had, he said they would burn them at the graves of their ancestors for being so foolish as to think the dollar was real money for all these decades.

Stopping this criminal western imposed economic supremacy, all based on dollar fiat money, controlled by Fed, Wall Street and the world's central banks, must be the world's priority number one. Economy through the prevailing monetary system is used as a deadly weapon, as deadly as bombs and canons. Reducing demand for the fiat dollar and offering an alternative international payment system, will break the West's fraudolent dollar grip on the world's economy, freeing humanity from criminal sanctions, currency and commodity manipulation.

2. A mysterious new bacteria emerges in Saudi Arabia, that has a voracious appetite for petroleum and related products, gobbling up the country's oil reserves, forcing a national emergency. The mysterious bacteria, named petrodeliciosa, spreads around the globe ending the era of oil based energy in human history and solving the crisis of global warming.

Now low prices are doing the job for us by making extraction unprofitable. The low oil prices of 2015 show the impossibility for the market to keep producing from expensive sources such as shale oil. As consequence, the shale oil industry giving out its death rattle
and we are facing the start of the terminal decline of the world's oil production. That will carry with it the decline of all fossil fuel production. 2015 may be remembered as the year when something changed.

Something Like That...

You would have no way of knowing that we are mostly censored now here in the USA. We no longer have First Amendment Rights and technology mainly controls our existence or lack of it. Essentially, the Saudi need only keep on track to end America. My fuel-efficient car requires less than $25 to fill the tank but $25 is harder to come by. A guy with a pick-up truck said he doesn't drive on Thursdays now. He can't afford to fill his tank at less than $2/gallon. The average American needs two working days to buy decent clothing. Most older Americans eat out. The sodium content is so high that most cannot taste food any longer and don't drink enough water in offset. It seems quite likely that a cold-hearted greedy group of octogenarians actually ARE taking the wealth of the world to the grave with them.

Fear not. Time is on our side. As Obama fumbles with gun control in America, the less-obvious reaction is the exposing of hardcore GOP. It is unlikely that groups of assassins will emerge, more likely some will, only to find that Obama had little to do with the state of the nation they emerge to and realize... that their own are the cause and cost of America's downfall.

Meanwhile in the rest of the world there is-- nothingness. Forget Europe... what a group of passive losers. There is no definition anywhere... no product craft or quality distinction. The same goes for Australia, South America and Russia. Amazon intends on going to India. India would do well to examine Amazon's impact everywhere else and use commonsense.

Yesterday's market routing was not unique. There is no substance anywhere. Once the still-have-their-heads-in-the-sand group actually figure out that their keeper is a creeper and there is no more pre-processed dinner waiting on the table... the whole thing collapses. Our enemy was not New World Order, it was those who were okay with NWO and let it spread. Zero tolerance will begin now.

So Why Am I So Happy?

" The whole thing collapses" " There is nothingness" - So why am I so happy?
Because the philosophy of freedom just showed itself to be massively stronger than statism and its "don't think, just obey" philosophy.
Arguably, the greatest triumph of a new philosophy has to be that of the early Christians, they simply would not stopped, no matter what was thrown at them. And why would not they turn back? Because the Roman way was ridicolous and barbaric. Their gods were vile, vain, sometimes stupid and often cruel. Who wants to worship that? These Christians, whatever their faults or virtues, had found a God who loved them, who wished to help and enlighten them, who said they were meant to be free and prosperous. Which way would you choose?
The Romans persecuted them and sometimes killed them, but they would not be turned around. These people chose the better philosophy, and in the end they won.
Today we saw the same thing, wrapped in modern circumstances.

Freedom-minded people are not stopping, are not abandoning their views. And why should they? Shall we go back to the idiocy and self-contradictory life of worshiping the state? Of pretending that robbery is somehow, magically, not robbery when the government does it? Our minds have been removed from the state's intimidation and conditioning. Shall we go back to believing lies and reapiting vapid slogans for the rest of our lives? We are not quitting. We can't, we won't. Like the first Christians our people do not turn back, they continue regardless. Could our minds really fit back into their old restraints? Time is on our side. Freedom will win.
The genie is out of the bottle.

Philosophy of Freedom. Economics of Freedom.

Agape

Agape is a Greek term for one of the four types of love in the Bible. Jesus showed agape love and commands his followers to do likewise.

"If servitude, predictability, and perfect order were so important, Jesus would have come in a time of digital recorders and cameras, and he would have at least written his ideas down somewhere-- and more clearly" Richard Rohr.

Jesus had no armor or held weapons. He wore out sandals, ate crappy food (though turning water into wine was handy) and co-mingled with dregs while challenging the righteous without a credential. Agape love is best described as the love from the helpless toward those or the one who would give first and foremost. Infants give Agape Love because they cannot survive on their own.

" The whole thing collapses" " There is nothingness" - So why am I so happy? I won't speculate an answer because the question itself is the answer. Right now, an insignificant number of people possess a very significant number of guns and expect the rest of us to submit because they do. For a fact, the rest of us lack excessive materialism and in many cases, steadily die financially every day. People don't fear those guns because they lack material goods for protecting. You want my car? It's not my car. It belongs mostly to some bank. You take my car and a bank loses interest income. The people possessing the guns protect the bank, so if the guns are used to wipe out folks who owe the banks... who wins ultimately?

I am a man. I am not a boy in a man's body. I have done all I can to be a man and know that it's God's Plan for me to be a man. There are no men in high places today. They even have girls in high places now. Not one of them are grown-up and they have no plan because Satan is not a man, he is a devil. Jesus did not come to Earth when it was chock-full of commercial material worth because-- none of that has lasting value. Agape love does. Cooperation is priceless. Can you? Cooperate? Cooperation is not order or complacency, it's simply-- doing, and what you do is good for you and good for others. There is nothing about a gun that remotely suggests cooperation. In fact, guns are the farthest aspect from cooperation there is. We NEED cooperation right now. Desperately.

A pendulum has begun it's swing. Simply, the blade moves through absolutely everything. It does not slow for this or that built-up impression or commercial aspect; it does not recognize complacency, order or material worth. It cuts through people without consideration of station, credential or position. It severs legacies and inheritances. The blade is SO sharp that it straightens every deviation. The closer each of us is the the ground we walk on the more likely we are to know the happiness you mention. If I have little to lose then I lose little. If my wealth comes from inside of me, from my heart, then I am wealthy beyond all imagination.

Something wonderful this way comes. None of us imagine how complex a tower Satan has built but it trembles now. A foundation built on greed crumbles indeed.

zero or below

China RR traffic was down ~10% for 2015 vs 2014. There was no growth in 2015. Probably negative actually. RR's are a lagging indicator. RR volumes remain high for a time while excess inventory is building. When inventory reaches maximum capacity and sales are slow, RR traffic normally crashes. China did not have 1% growth let alone 7% imo for 2015.

Speaking of China...

China halted stock market activity AGAIN this week as markets realized another 7% loss on what will be our Thursday. You have to grasp the enormity of these sell-offs this week. The liquidation is hurting someone and it isn't regular ordinary people.

Apparently cars and guns are selling. That said... cars are overpriced so the buyers are ignorant. With gasoline on it's way down due to massive over-supply, cars won't hold value, leases will be compromised. With banks reeling now from the outrageous exposure to Big Oil and unsubstantiated likely non-collectible credit to them, failure is on the table. No major US bank has met the threshold loss reserve set by the global FASB. It's mandatory. Guns are easy to forecast... there are too many outstanding now. Tighten the license, watch the attrition (age) and literally we will see the major manufacturers implode. Add to that the open-carry debacle in Texas and even gun-neutral people will be intolerant.

Are you watching South America? Nearly every nation is either forfeiting or on the verge of forfeiting it's credit obligations. If the atypical exposure to default is deemed critical at 5% of portfolio... imagine what happens when 50% is in default. No wonder Bernie Sanders is talking up resurrection of the Glass Steagall Act and divestiture of major banks. Too Big to Fail? FAIL.

The gold play. A reminder that three nations hoard enough to crash any flight to it. If sales are frozen, prices won't matter. Fly up to 30,000 feet and take a good look. Every bastion chock full of stupid money is facing real compromise. Wealth will evaporate when the vessels sink.

China's shut down compared to the US stock markets

Bloomberg reports that the shut down occurred on the first day of the new policy of a pause of 15 minutes when a 5% decline was experienced with resumption planned. If the market reaches 7%, it shuts down for the day.

Chinese regulators had originally proposed a 30 minute halt in response to a 5% drop, but then consulted the traders and compromised at 15 minutes. Analysts had reported that if the "Circuit Breaker" (as it is referred to) had been in place last year, in a span of a few months' volatility, the market reached 5% several times and trading would have been interrupted accordingly. Using that as a measuring rod, one might presume the Chinese traders would be looking more favorably toward a 7% decline. That is, assuming that the traders knew what they were proposing when they responded to the regulators' queries of what was acceptable - or had the latitude.

The US circuit breakers are tied to the S&P 500 (though Wall Street pros generally look at the Russell indices as more indicative of the total market performance. It may be that the more conservative Russell numbers - meaning smaller - are easier to misinterpret). The equivalent responses in the US is set to a 7% S&P 500 drop, and calls for a 15 minute halt; a fall of 20% total would shut down the market for the day. For one thing, the US markets are self-regulated, so, it's only natural that traders would be confident they control the market efficiently, therefore treat allowances more liberally. . . and the results are likely to be more devastating when the event does materialize. The indices wouldn't have much trouble reaching the 20% max in short order. Was it March, 2013 we had that precipitous drop of a near one thousand?

That was blamed alternately on algorithms and a mechanical malfunction. Would the real thing today allow as quick a recovery as the markets managed on that occasion?

But, back to the situation in China, when the halt occurred - according to limits the traders requested - when trading resumed they rushed in to sell anticipating it would close again, and despite the feverishness, it did not fall to the maximum.

Is that a measure of self-restraint? If it had closed down in response to the required drop, guaranteed pandemonium would have reigned the next morning.

It will still be an interesting proposition tomorrow morning in Shanghai and Hong Kong. This is not over. If anything, the Chinese economists have been echoing the Fed's policies while throwing in a little shadow of the ECB for good measure. We circle back to the economists' empty promises "not to do it again". They are on trial.

If they conducted themselves as if they understood consequences, we might be tempted to believe them. Economists are nearly the same the world over except for the oddities or limitations of the systems they work within. Once in a while we stumble over a learned group. . . Like the Swedes.

Corruption Affects Stock Market

There is a deep reason in play during the latest stock crash. China's old business model based on corruption and political patronage has collapsed, thanks to Xi Jinping anti-corruption campaign. But the new business model supposed to replace it is yet to take place because conservative forces inside China's communist party oppose the changes.
The upshot is that China could face further market uncertainties in the next few months. All this while the EU is being shaken by various political and economic problems and the Middle East is being impacted by dangerously low oil prices.

China Stock Markets Closed After 15 Minutes

George Soros cries out-- It's 2008 all over again! Sorry, no it isn't, George. For a fact, it's 2016 and there are ZERO attributes to tap today that won't instantly accelerate decay. We bailed BIG for nearly 8 years. They repaid us with tremendously bloated manipulation, control and steerage and magnificent cost. The financial sector cannot help us now, only hurt us. Wondering how this is? Re-read your Fiat Money Inflation in France. Currencies are so diluted now that only compression or fiat can revive what monetization has destroyed. Flat out-- end billionaires and make millions of enterprises. The majority of Congressional seats are up for election in November. I can tell you for a FACT that the Four Horsemen of the Commercial Apocalypse are: Big Oil, Big Bank, Big Tech and Big Law. These areas produce 100% of our stagnation, exposure and adverse conditions. Corruption exists in both parties, so it makes too much sense that an all-out NO vote on incumbents is more likely than either party surviving intact.

I agree with O&G about the 20% circuit breaker. At 17,000... 20% is 3,400 points for the Dow. Some say- impossible, but given that nearly all of the club members of the Dow are speculative and lack actual open market sales in lieu of cooked book sales... no figure is out of reach.

The rally cry will get louder this year. It's time to either call-in and re-distribute all the currency or it is time to bring down the wealthy and shatter glass ceilings. Both are more likely the course now. Remember this... there was $50 to $60 Trillion in global currencies coursing through economies in 1997. In August, 2012, experts said $634 Trillion existed in three forms- currency, debt instruments and derivatives. Given how much bailing has been done and a secular stagnant condition globe-wide, the experts might see us north of $3 quadrillion now. If only $50 to $60 trillion is directly relative (maybe) to viable assets, one HELL of a lot of wealth evaporates as we compress. It doesn't shift, it doesn't exist.

Watch your bastions... REITs would take major hits in compression- they are just books, not viable assets and a global glut in who owns what without a Public viable and stable means fire sales are coming. We cannot look back in history and see a time when there was this much unsubstantiated money that cannot be used in the mainstream... no reference point. Uncharted waters.

For The First Time Markets Reflect Reality

It is the first time, after years, markets reflect reality.
While the proximate cause of the current turbolence is China's flagging manufacturing sector, the underlying reasons are even more important, like the dismal state of the US economy which continues to languish in a long-term coma.
The financial system continues to edge closer to its inevitable day of reckoning, thanks in large part to the efforts of the Fed.
The entire system is a house of card. But human beings always rise. They choose adaptability, creativity, freedom.
Human nature is not stone.

What to Watch now...

- Macy's terminates 4,800 personnel and opens smaller boutique stores in Dubai.
- Wal-Mart quietly shutters mega stores across the USA while opening Market Fresh groceries in key markets.
- Sears and K-Mart will go out of business this quarter.
- John Deere has over $5 billion in bond debt. It has no choice but to sell equipment. Everyone who would buy it has not had economic viability in 7+ years.
- Thrift store item prices are rising. They get that stuff for free so the reason would be backroom concessions to big businesses (mirror price increases, get stagnant dead stock donations from them).
- Housing is completely dead. Call it seasonal but it's really because no one trusts their employer.
- We will see gas prices fall. Expect a refinery fire or two or six to pump prices back up for Summer.
- We have no new enterprise in America. None. Even e-commerce is stagnating.
- Guns... it now makes more sense to pry them loose from cold dead hands than it does to keep seeing record sales and an increasingly powerful NRA. EFF the 2nd Amendment... LOOK at the 7th... armed nutcases are a Militia. We the People will demand an end to bailing Big Oil and a beginning to eradicate anarchists. Unfortunately, history says we topple when we make more gun holders to go after gun owners.
- The collapse of the European Union is evident. China has halted imports of German goods. No other nation even has exports.
- A nation truly wallowing is-- England. It's existing purely on debt now.
- Mining operations have lost more $$$$ than the cap-value of Apple, Google and Exxon.

This is a REALLY good year for perfecting your gardening skills and making some rain barrels. Really.

US spending surges in wk1 2016

On Powerball

A Disclaimer

Bad times, evidence shows, leads desperate people to take their chances on the lottery. Lottery is a tax on the poor.The poor are so many and the government runs lotteries and gets money again and again and again.

There should be a disclaimer on each ticket, not unlike on cigarettes packages:" Playing lotteries decreases your chances of savings."
Or " Player not likely to win in 10,000 lifetimes."

Economics relies on the premise that human beings behave in a systematic way and they don't. Once you have done enough research to convince yourself that they behave in a certain way, they will change and start behaving in another way. Some behavioral regularities disappear when you try to exploit them, but not all.
Case in point: the lottery. The lottery is a reliable way for a government to make lots of money. So far it has never failed. And it relies on human behavioral regularities, so the government can run lotteries and get money.

Worldwide Rackets

It was a record Spanish lottery last week. Power Ball this week. The top drug lord in Mexico was just re-arrested. I suggest that some sort of lotto ignites in Mexico next... the lawyers and judges hearing the case need Mr. Green.