Recent comments

  • Certainly the era of cheap and easy debt fueled bubbles - tech, mortgage as well as encourages leveraging M&A and stock buybacks inflating the stock market and executive pay. It also saddles consumers and students with debt that may never be fully repaid

    cheap interest has also been a disincentive to save and bad news for retirees on fixed incomes. Lack of healthy savings contributed to the slow recovery as well

    Reply to: Party Over on Cheap Debt   2 years 6 months ago
    EPer:
  • Frankly, the democratic party hanging its hat on the hacking as the primary excuse for losing the election is getting very tiresome. We all know the realities, Clinton was a lousy and flawed candidate that most people simply didn't trust - and for good reason. Did anyone really believe her flip flopping and non committal on TPP?

    It also exposed the disconnect from the people here in flyover country and a woeful lack of a bench for future democratic growth. Democrats spent too much time on national and identity politics rather than the hard work of building for the future - running credible candidates from dog catcher, to school boards, town councils and other local and state levels - which has been a very effective strategy for the right. In my town for example the democrats didn't even bother to put a warm body on the ticket in over half the local races -the republicans were unopposed.

    Assuming for a moment the Russians really did hack the DNC, they did us a favor exposing how corrupt and non democratic our election process has become.

    I agree with Robert - I will be happy if Trump can pull off half of what he promises on our flawed trade regime

    Reply to: Elite Anti-Trump Hysteria is an Act   2 years 6 months ago
    EPer:
  • i've noticed that 'non-monetary gold' is almost always a big line item in the monthly trade data, as both an export and an import in the industrial supplies and materials category...it seems to me a lot of non-monetary gold is being shipped back and forth as if it were money, but it's still treated as an item of trade...i've asked those who purport to be trade experts, such as Brad Setser at the Council on Foreign Relations, what that's all about, and have yet to get a satifactory explanation...

    Reply to: 3rd Quarter GDP Revised to Indicate Growth at a 3.5% Rate   2 years 6 months ago
    EPer:
  • There is another trade report, but often there are other areas, such as gold being exported that rival the nominal value of soybeans. Although soybeans are a huge cash crop. Thanks for the overview. So nice the U.S. became the 3rd world agriculture exporter while we import expensive, completed durable goods.

    Reply to: 3rd Quarter GDP Revised to Indicate Growth at a 3.5% Rate   2 years 6 months ago
    EPer:
  •  Menzie Chinn at Econbrowser has an overview on our trade with China:
    Reply to: The 18% Jump in Our October Trade Deficit Portends a Big Hit to Q4 GDP   2 years 6 months ago
    EPer:
  • The problem is that we don't get unbiased coverage of Russia from either our mainstream liberal media or conservative media such as Fox. To get some perspective on Russia you really have to go to anti-War/non-interventionist sites and alternative media sites whether libertarian, paleoconservative or liberal. Crimea and Syria are both complicated, but it is possible, and I believe correct, to see Russia as the actor the most in the right in both situations. Rather than rehash it, I address Crimea and Syria in this article.

    http://www.newswithviews.com/guest_opinion/guest301.htm

    Reply to: Trump Plus Russia Equals Double the Crazy   2 years 6 months ago
    EPer:
  • This will do 'er, except for ND of course. Thanks for the analysis, even though it's not good news.

    Reply to: Oil Production Cuts Could Result in 600,000 Barrel Per Day Global Deficit in First Half of 2017   2 years 6 months ago
    EPer:
  • A couple of things make me think Putin's a malefactor. One is the takeover of Crimea, a violation of the Atlantic/United Nations charter, and something scarcely heard of in Europe since World War II. The other is the bombings in Aleppo and elsewhere in Syria. They look like war crimes to me, but you can never gain a conviction in such things unless you win the war and capture the perpetrators.

    If he's crazy, it's crazier to play along with him.

    Reply to: Trump Plus Russia Equals Double the Crazy   2 years 6 months ago
    EPer:
  • Yeah, supposedly it is been import prices keeping the real deficit at bay. Trump is claiming we have an annual $800 billion trade deficit, I'm assuming that's nominal and we should determine how much is China. .

    Reply to: The 18% Jump in Our October Trade Deficit Portends a Big Hit to Q4 GDP   2 years 7 months ago
    EPer:
  • It is all yours and goes out to the feeds but the articles help bring in readers. I should write about the economics of long term care, costs and lack of real care.

    Reply to: Patched Up? Or Patched Over?   2 years 7 months ago
    EPer:
  • The emails showed how the DNC really screwed over Bernie Sanders, but in terms of hacking media manipulation, I saw plenty before the election against Hillary. My concern would be vote hacking. I also question how Donald Trump made his money beyond his Dad. I cannot imagine anyone making it in NYC real estate, especially queens in the 1950s/60s, without the blessing of the local organized crime bosses. So, they have media manipulation as an end game of the Russian hacking and what a surprise, the entire election is circus. Even the "debates" were so inane there was no real information in them.

    I just hope Trump sticks to his guns on trade. If he manages to get somewhere against the multinational corporate interests on those trade deals, that would be an incredible accomplishment. Hillary sure wasn't going to do it.

    Reply to: Elite Anti-Trump Hysteria is an Act   2 years 7 months ago
    EPer:
  • "So, in theory, free trade was a win-win proposition, but only as long as a few key assumptions held true: There needed to be fixed exchange rates, full employment, an absence of international flows of labor or capital, an absence of economies of scale, and perfectly competitive markets."

    It has been decades since all these assumptions have even been even close to true.

    https://www.theatlantic.com/business/archive/2016/12/globalization-trade...

    Reply to: The Tin Ear of Free Trade Advocates   2 years 6 months ago
    EPer:
  • I assume the hacking is real, as the FBI has now reached consensus with the CIA on that point. But neither agency has implicated Mr. Trump. So the Electoral College shouldn't use the hacking as an excuse and I don't think any of them will - only in the Washington Post's dreams.

    Reply to: Elite Anti-Trump Hysteria is an Act   2 years 7 months ago
    EPer:
  • I was referring specifically to Instapopulist. No criticism implied. Hope all is well.

    Reply to: Patched Up? Or Patched Over?   2 years 7 months ago
    EPer:
  • I've been dealing with caregiver issues so hopefully more articles will be published than has been of late.

    Reply to: Patched Up? Or Patched Over?   2 years 7 months ago
    EPer:
  • Welcome Mr. Seidel. It's nice to have someone else posting here besides me. I hope you stick around.

    Reply to: Patched Up? Or Patched Over?   2 years 7 months ago
    EPer:
  • GS

    Isn't that just same ole, same ole for Goldman Sachs to issue yet another to be Treasury secretary? Carbon copy. Glad to see you Michael!

    Reply to: Swamp Thing Takes Over Treasury – ForclosureGate II, the Sequel   2 years 7 months ago
    EPer:
  • Why can't they just all not get along?

    Reply to: OPEC agrees to cut production back to March levels, oil prices spike 14%   2 years 7 months ago
    EPer:
  • Unfortunately, the boom bust cycle is a means of extraction of wealth and expansion of power. The Fed largely governs this cycle, we have a ways to go before the next crash.

    Reply to: Swamp Thing Takes Over Treasury – ForclosureGate II, the Sequel   2 years 7 months ago
    EPer:
  • I guess Feds are going to increase interest rate next month. All data seems encouraging. Unemployment rate is very low, Wholesale Inventories are up 0.1%, and now with Trump coming to president's office, I feel Feds are definitely going to increase interest rate in December, 2016. I think this is for the best; keeping interest rate lower isn't gonna do much good anyway...

    Reply to: August PCE, trade balance, construction, factory and wholesale inventories mostly down, but all add to Q3 GDP   2 years 7 months ago
    EPer:

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