Links 20 October 2016

Global Macro/Markets/Investing:







  1. ‘As long as we all argue over which generation is to blame for ruining everything we’re not going “hang on a second, our real enemy isn’t each other but a financial system which has been deliberately gamed to turn a basic human necessary into a casino rigged for the personal profit of parasitic property developers and the bloodsucking political classes which feed off them in turn, so we should band together and march on Canberra with flaming pitchforks.”‘

    • bolstroodMEMBER

      Just so Yushou.
      All the intergenerationak blame game BS plays into the hands of the said leeches and parasites.
      It is called Divide and Rule.
      I epecially like your allusion to”flaming pitch-forks.

      • Mining BoganMEMBER

        A liberal coating of moly slide will make ’em burn. It would be an extremely threatening image.

        *runs off to lab for testing and cool selfies with flaming pitchfork*

      • The Mig, I fixed those issues with my pseudocode syntax and we are starting to get some interesting results: David Llewellyn-SmithOctober 27, 2010 at 4:19 “am Afraid I’m not that bright.”

  2. “I mean it makes my life more difficult after telling every reporter I know she’s actually progressive but that is really the smallest of issues. It worries me more that she doesn’t seem to know what planet we are all living in at the moment. On Tue, Sep 15, 2015 at 4:23 PM John Podesta wrote: > I pushed her on this on Sunday night. She claims she didn’t remember > saying it. Not sure I believe her. We were speculating, that it may be a > Don Baer intervention. > > On Tuesday, September 15, 2015, Neera Tanden wrote: > >> Why did she call herself a moderate? >> > “


      Trump wrote that “cultures and economics are intertwined” in today’s society and that it was necessary to “work with each other for the benefit of all.”

      “My concern is that the negligence of a few will adversely affect the majority,” he wrote.

      Trump continued: “In this case, the solution is clear. We will have to leave borders behind and go for global unity when it comes to financial stability.”

      The real-estate mogul concluded his op-ed writing that the future of the US and Europe “depends on a cohesive global economy.”

      “All of us must work together toward that very significant common goal,” he declared.

      • Yup told you, but how many congressional investigations has Trump corrupted? No one is the same league of corruption and manipulation as hilldawg, but feel free to try to balance the scale – and good luck with that

      • Yup and what comes after will be eye watering in the depth and breadth of its corruption – she’ll owe a lot of people a lot

      • bolstroodMEMBER

        @mig & AB
        I don’t understand why the US voters don’t rebel and refuse to take part in this rigged farce.
        Would be the most effective way to get real change.
        As Ghandi said “Even the most powerful cannot rule without the consent of the ruled.”

      • @bolstrood…

        Gezzz…. the American public was easily convinced go to war with Iraq on the most concocted story since the old testament, hell there still taught that they singly handed saved the world in WWII, most exceptional nation in the history of our species…. en fin…

        Mate I watched as upper middle class and above dined at a flash Mediterranean restaurant, with huge outdoor eating space, filled with wide screen TVs in every corner…. gleefully cheer and applaud when the bombing campaign started on Baghdad… it was like they were watching a international sporting event and our team just scored….

        Disheveled Marsupial…. this was in Boulder Co of all places…. sigh~~~~~~

      • I don’t understand why the US voters don’t rebel and refuse to take part in this rigged farce.

        Lots of them don’t. Expect turnout this year to be the lowest for a long time.

        Also don’t forget some 2/3-3/4ish of voters will always vote for the same party, regardless of that party’s policies, historical behaviour or candidates.

      • “I don’t understand why the US voters don’t rebel and refuse to take part in this rigged farce.”

        Turnout is usually only 60% for presidential elections – I’m not sure that even less is going to make a difference. The only way to really make a difference is in the primaries. Sanders was different, Trump is different.

  3. ceteris paribus

    7:30 Report journalism ferrets out the truth. Malcolm could offer Tony his crown back and Tony would say “no”. It’s never been about Tony but about this country he loves. He would never think, let alone say or do, anything to undermine Malcolm or his leadership. Tony has his own unparalled legacy as PM which is more than enough to satisfy him.

  4. “Possible Questions* *Why won’t you say whether you wiped it?* · I have said this before, but let me be clear, after we went through the process to determine what was work related and what was not and provided the work related emails to State, I decided not to keep the personal ones. We saved the work-related ones on a thumb drive that is now with the Department of Justice. And as I said in March, I chose not to keep the personal ones. I asked that they be deleted, how that happened was up to the company that managed the server. And they are cooperating fully with anyone that has questions. · I think that most reasonable people would agree that we are all entitled to some level of privacy, particularly when it comes to my private conversations with long-time friends and family. *Did you wipe the server, yes or no?* · I asked that they be deleted, how that happened was up to the company that managed the server. And they are cooperating fully with anyone that has questions. · The work emails I had were saved on a thumb drive, which we have given to the Justice Department. I also turned everything over in paper form to State as they requested. As I have said, I think we have been as transparent as possible. On Fri, Sep 4, 2015 at 7:29 AM, John Podesta wrote: > Can you send me final server q&a’s. Thx > ”

    Didn’t her husband get in trouble for lying to Congress?

  5. In a corrupt country, trust is a rare commodity. That’s America today. Only 19 percent of Americans say they trust the Government most of the time, down from 73 percent in 1958. Sadly, that is a rational response to the way things are. America is a different country today, and a much nastier one. For politically engaged Republicans, the figure is 6 percent. That in a nutshell explains the Trump phenomenon and the disintegration of the Republican establishment.
    (Frank Buckley)

    • bolstroodMEMBER

      So why do the US people continue to take part in this rigged farce?
      See my post above

    • notsofastMEMBER

      But the American people haven’t trusted their government or their elites since the 1960s, so I think the rise of the support for an entirely unsuitable presidential candidate like Trump is more than just a lack of trust. Related to this issue of trust is the Wahington Belt way.
      I think the start of the loss of trust can be linked to the assassination of a sitting US President by the shadowy elites in the US because, amongst other things, he was unwilling to allow the US to get involved in a war in South East Asia. The President had been led into the Bay of Pigs in Cuba when first entered office and had learnt more about controlling the military hawks in the Cuban Missile Crisis and was essentially to smart for them. The Warren Commission that followed the assassination can only be described as a farce.

    • +1. As with the Roman Empire according to Gibbon. You can trace the decline from the time that the first families did not put their children in the legion. For the US it was about that time.

      • @fitzroy….

        Are you implying that bio politics and mediocrity [gate keeping] is like a thing and it spans all the way back to antiquity – ??????

        Disheveled Marsupial…. wash your mouth out with soap deviant heretic….

      • I think his point is that people without skin in the game are more likely to exploit other players for personal gain.

        I suspect we would be in fewer wars of aggression if every MP was required to have at least one family member in a potential frontline role before they could vote on going to war.

      • It was if I remember correctly, the front line of the legion. Skin in the game indeed.

        Good morning skip where is that soap….?

      • @drsmithy…

        I get that, but the historical context is a bit more inclusive of other factors, this being just one, so its important to observe all the evidence and not just putting elites kids in the military or have we forgotten our English and European history classes.

      • @fitzroy…

        For the losers you just popped out another kid in reserve or tried to send your political enemy’s kids into losing battles, conversely the winnars hit both the wealth and power jackpot which could be leveraged on the losers again… rinse and repeat….

        Disheveled Marsupial…. there is a reason dueling was banned and football helmets made law….

    • And then use a bar graph to represent it with scary demon heads on the bars….. the quasi religious iconography compels me to obey…

      Because neo-liberalism. Because I like the idea, a lot, of catching the Mount Pelerin Society, Pinochet, Diane Rehm, the Friedmans, Joe Biden, Rush Limbaugh, and the people who drafted the Democratic platform in one big net, and then deep-sixing the entire squirming and gesticulating political class with language that’s “exceptionally bloggy and aggressively casual and implicitly ironic.”

      And this tactic really is fair. Trap a neo-liberal in conversation next to a whiteboard, or hand them a napkin, and you can probably coax them to “educate” you by drawing the famous “Because Markets” diagram, which looks like this:

      Figure 1: “Because Markets”

      And when your targeted neo-liberal is done sketching, they will express the idea, with varying degrees of quasi-religious fervor, that the price set by the intersection of the downward-sloping demand curve and the upward-sloping supply curve is the right price. – snip

      Disheveled Marsupial….. hold me drsmithy…. “I” afraid….