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If a natural gas find means god loves you.... then god must REALLY love Saudi Arabia and muslims. heck, if having hydrocarbons means being in god's good graces, maybe we should all convert to Islam? Hey, I'm just following your twisted logic.

thread.... must.... die.....

Great.... bronze age mythology meets economics. You're both wack jobs. Where was Yaweh during the holocaust? On vacation?

Interesting you bring up China. At first China wanted to diversify somewhat out of dollars and into Euros. That didn't turn out so well. I think China (as well as Russia and India)will play along with the IMF/SDR endgame solution. This solution, by the way, addresses potential Western...

There's a lot of blame to cast around. The typical narrative that most people feel drawn to: The lazy southern european trying to pull one over on the industrious, hard working northern neighbor. Well, maybe the shrewd north tried to pull one over the southern neighbors, and in the end...

That all depends on the future of the Euro. We're only in the second inning - we have a ways to go. But up to now, who consumed someone else's economic output? Didn't the PIIGS consume the economic output of the North? And the North is holding IOUs that may become meaningless in a few...

IMF is ramping up its resources. Looks like the SDRs are gaining prominence - maybe to function eventually as a supra-sovereign SIV for bad sovereign debt? Greece will not be allowed to default due to the systemic issues - the sovereign bond market, the Northern European banks, and a host of...

I have quite a few friends and family in Greece, so I constantly hear what's going on. I agree with your assessment though. They slash spending, gdp drops as well, little to no impact on debt to gdp and deficit to gdp... yet deflation continues and capital flight intensifies... There is...

I understand your technical definition of insolvency in relation to a sovereign. However, whenever I hear the phrase: quantitative easing... I immediately assume that the alternative to QE is insolvency. Now, the insolvency may not be immediate, but it is a real threat nonetheless...

Obviously, what the Greeks say they need, and what they really need, are two different things. Yes, they are functionally insolvent, IMO. But so is most of the Western world. Imagine what things would look like today in the US and UK, and Japan, if no CB engaged in QE last year.

I think it's worthwhile so long as the proponent of any economic theory truly understands it and is adverserial and thought provoking enough to elicit a heated discussion. Most of us here are overly opinionated anyway - I don't see a lack of participation. I think (logical) arguments are the...

I think I've posted this quote too many times, but here it is once again: "There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit...

There are two types of economics that borrow from science. One is Econophysics, the other Biophysical Economics, also known as Thermoeconomics. http://en.wikipedia.org/wiki/Econophysics http://en.wikipedia.org/wiki/Thermoeconomics Which were you referring to?

To those that think doomsayers are chicken littles... it's happening right now: Ashtabula County: Judge tells residents to "Arm themselves" JEFFERSON -- In the ongoing financial crisis in Ashtabula County, the Sheriff's Department has been cut from 112 to 49 deputies. With deputies...

Strabo, the greek geographer during Roman times, 63/64 BC – ca. AD 24, wrote this about England and Ireland: 3 The Deified Caesar crossed over to the island twice, although he came back in haste, without accomplishing anything great or proceeding far into the island, not only on account of...

But are they encouraging numbers? The retail graveyard was very busy these past two years with many entrants. As a store closes, the business goes elsewhere, right? So the beneficiary (surviving competitor) gets a boost, but on a macro level, numbers can still be down. I know a food...

Same store sales are a foolish metric when trying to ascertain macro trends. I'm sure Best Buy's same store sales increased when Circuit City went bankrupt. How good were the same stores sales numbers when state sales tax receipts started plummeting? There's definately a disconnect here.

I know... But I was born and raised here. It's tough to cut one's roots and move, though I plan on leaving the state this year. Christie is the best governor we've had in a long time. We finally have someone taking on the public worker unions. Corzine, the former CEO of Goldman...

Think of the net worth of those 500 that left. Now think of the (negative) net worth of many of those that are coming into the US... they have no health insurance, they have kids that need schooling, they need medical treatment... I see it in NJ. The wealthy are leaving the state. They...

Let's cut to the chase: You're President of the US. The most recent Treasury auction is a total failure, rates spike, more money printing, credibility is totally shot, FOREX markets go haywire, huge run to gold.... the dollar is collapsing in front of your eyes. So Mr. President, how do...