compoundf

Last active
2 years, 2 months ago
  • compoundf commented on the blog post The family business

    2013-03-11 03:12:29View | Delete

    sixty billion? Puh-leeze. someone is going to read that and believe it is the total cost, when it is not even a tenth of the admitted costs, much less the actual cost.

    http://www.vanityfair.com/politics/features/2008/04/stiglitz200804

    Never mind the intangible costs.

  • compoundf commented on the diary post Why vote for Obama? Let me count the whys – 1 by David Seaton.

    2012-05-16 05:47:15View | Delete

    Not even a serious argument. Ridiculous, in fact. OH, Brother! has no problems killing children in faraway lands.

    If you don’t know this, you’re an asshole.

  • compoundf commented on the blog post The PMS of S&P

    2011-08-05 20:26:14View | Delete

    who made $10 billion off the downgrade?

    http://www.marketoracle.co.uk/Article29477.html

  • Bond markets demanding higher yields on Treasuries?

    Stirling:

    In addition, Obama has chosen to play a game of chicken in order to do something which is overtly corrupt, namely he is acting at the direct behest of Standard and Poors, which threatened a downgrade of US debt, unless there was a 4 trillion dollar over 10 years deficit reduction. Now that means 400 billion dollars a year of anti-stimulus, about the size of the stimulus bill, in fact, and all of it on spending, so likely to produce a full effect. This demand is a demand for an Ireland style collapse in the country, policy so bad as to put it with the unequivocally worst acts of government ever: The Fugitive Slave Act, the 1930 FY Budget, Jim Crow, and the Alien and Sedition Act.

    By setting this as a baseline, alone, Obama vaults into contention for worst ever. First because it is policy wrong, and second because it is so obviously tied to securing funds for re-election which he is pursuing and almost 40K a plate, that’s the median individual income in the US. According to his opponents, who are only a bit off the mark, one third of his money is from Wall Street.

  • compoundf commented on the diary post World economies as a function of energy use by compoundf.

    2011-05-31 17:44:54View | Delete

    thanks for the pdf. It’s not downloading properly at the moment, so I’ll have to try again later. the dot com bubble is definitely consistent with Newberry’s thoughts on Rubin and Clinton trying to circumvent the usual “paper for oil” avenues.

  • compoundf commented on the diary post World economies as a function of energy use by compoundf.

    2011-05-31 14:42:48View | Delete

    it starts a bit too early for GS repeal alone. Perhaps bank mergers related to CRA?

    http://en.wikipedia.org/wiki/Community_Reinvestment_Act

    I’d honestly like know.

  • compoundf commented on the diary post World economies as a function of energy use by compoundf.

    2011-05-31 10:54:06View | Delete

    sure, but it would help tank gdp, which is already sucking bilge water. so, don’t expect any sudden moves.

  • compoundf commented on the diary post World economies as a function of energy use by compoundf.

    2011-05-30 16:47:51View | Delete

    a bit of an ordeal; I’m not used to publishing html here.

  • compoundf wrote a new diary post: World economies as a function of energy use

    2011-05-30 16:45:16View | Delete

    Thumbnail

    There is nothing in this world that one cannot get more cheaply by using more oil to get it – whether by importing it, mechanizing its production, or using more energy to extract it.  This is not only true of industry, but of people as well: Americans moved to the suburbs because it was cheaper to [...]

  • thanks for the citation and studious response. I’ll definitely take a peek at Wallerstein (provided his papers are online: one of the most galling trends is for the public to fund academic research through federal grants only to be denied access through a privatized system of publication that charges outrageous fortunes for access. At one point, the editors of Cell at UCSF even complained about the subscription prices of their own damned journal. At the same time, pharmaceuticals gladly use the research to sell their products at outrageous prices back to the very public that provided the basic research, always wailing about the high costs of R&D. I literally cannot download my own papers anymore without paying $20-$30 each, which infuriates me as both an author and taxpayer.).

  • the greatest change in American politics in my time has been that the delusional is no longer marginal and now drives the debate

    this suggests to me that Bertrand Russell’s “great experiment in Liberalism” has finally given way to anti-Enlightenment impulses, as he suggested it may well do, given that he viewed Liberalism’s balance of individual freedom & social cohesion via law as the potential framework that could dampen the historical oscillations between subjectivism and objectivism (to put it crudely).

  • Then we seem to be in agreement. Two down, 6,799,999,998 to go!

  • the problem is that belief systems are essentially universal in humans, and as likely to be egregiously misleading (and easily disprovable) for economists as anyone else. E.g., compound interest can only grow infinitely in a mathematical imagination, and yet we insist on bailing out a quadrillion dollars in bad debts.

  • governments don’t act until people make them…

    I doubt Americans are up to the task. Vayamos, Madrid!

    I have been nostalgic for the Limits to Growth movement of the early Seventies, which was destroyed with the lamest, most manifestly wrong-headed rhetoric of flat-out denial imaginable, e.g., Ronald Reagan (a la Julian Simon) proclaiming that

    There are no great limits to growth because there are no limits of human intelligence, imagination, and wonder.

    This is manifest nonsense in the age of peak oil, etc., but apparently what people want to hear, even today. It is apparent that the love of compound interest (despite its inherent unsustainability) is steamrolling the fears of compound population growth and its inherent unsustainability, in the guise of aggressive resource wars and financial bail-outs. The abject domination of the world and its political systems by financial interests religions has only the seeds of the oligarchs own destruction as a marginally silvery lining.

  • compoundf commented on the blog post Barack Obama Buys A Lawnmower

    2010-11-30 20:41:20View | Delete

    You forgot the part where Obama then mows down the middle class.