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Facebook sells eyeballs just like CBS, NBC or cnn.com. They are a media company that sells their audience -- or more accurately a slice of it that fits demographically -- to corporate America.

As a general rule there will be more demand for credit at 1% than there is at 10%. Not recognizing this is akin to not recognizing gravity.

It seems to me that as countries get "locked out" of the debt markets and are unable to borrow except from any non-governmental or quasi-governmental source the entire game changes. I just don't see any of them getting back in soon and without the capacity to refinance in the market they are...

I had some off and on virus problems and started using Symantec Endpoint a year ago made by Norton. My problems stop instantly and have stayed gone. It's a $39 download.

In a nutshell it is because buying votes is easier than earning them. Everyone over the age of 16 should know that. It is bedrock to understanding real economics.

I'm not suggesting that a decrease in velocity is deflation but I am suggesting if every household in America spent half as much of their discretionary income in June as they did in May and then cut that spending in half again in August that cutting of the velocity would result in an immediate...

I have not described a contraction of the money supply but rather a dramatic reduction in velocity. Eventually the gobs and gobs of fiat money will drive the value of paper to ... well, the value of paper. But in between here and there deflation of wages, prices and spirit are a real...

This is not about who has the best pile of shit this is about the fact that fiat currencies ARE piles of shit. The whole process has been stretched beyond the absurd.

I'm taking about increased unemployment, falling wages and collapsing prices even as the money supply expands but the velocity decreases violently. I'm talking about people not only not buying new cars but passing on the morning Starbucks. I'm talking about mothers cutting the kids hair and...

If Europe falls apart (which is possible) the world economy slows enough to reveal the cracks everywhere in the worldwide leveraged financial system produced since WWII. We live with leverage everywhere and leverage = risk of deflation.

piezoe, there are those rare times when central banks decide to inflate thee way "out" ... out of the jam that they and the politicians have put society in and discover they cannot do it without passing go and collecting $200. In this case "go" is going from the deep recession to intolerable...

Historically that is true and it may well be true this time around.

Right now much of the world is afraid to spend what they have although they are willing to bid up assets: stocks, metals and until a few weeks ago oil etc. At some point much of the world will be afraid to hold the cash they have. They will realize that it has become a horrible store of...

See a doctor, man.

I don't see the deception. He has it about right.

At least it is no worse!!

I take it the "visa runs" are well tolerated by the gov't and work like clockwork or at least 90% of the time?

piesoe, isn't that like relying on a Bernie Madoff statement because he is the one you have your account with? I'm not saying ET is the place for info but I am saying the guys running the Ponzi might not be reliable.

I must be expressing myself poorly. We all know money is pouring out of both Greece and Spain by wire or other electronic means. As that is happening there must be millions of people with nowhere to wire money to. You would think that, just like at Northern Rock in the UK, they would descend...