I really don't know how much Geitner or Obama is paying these "economists" but I can't see a recovery on the horizon until employment stabilizes, and by all accounts it is going to get worse.
Additionally - inflation is a huge problem, as is the potential drain on the equities markets to cash out prior to the capital gains tax increasing in 2010 with the expiration of the Bush tax cuts.
Stagflation is the most likely scenario, which sets the stage for another Volcker/Reagan like partnership down the road, and the ensuing curative recession that is as bad as the one we've just gone through (yes, it's over as a mathematical matter).
If there was ever any doubt it should now be clear why Sheila got out front and advocated for most every consumer bailout program. She is so good at finding intersections between populist positions and parochial interest, she ought to get out of the appointive mode and consider elective politics.
For those of you who want to build some protection for yourselves, think about adding some small bank stock (w/ low exposure to commercial real estate), some ultra-short treasury ETF's and some gold stock to your portfolio.
Up here in the 'Couve we've walked into our local Safeway a couple times in the last month to find absolutely no bread on the shelves. Seems people are stocking up.
The boiling bath of indexes, indicators, economic sectors, rates & returns, taxes and deficits, should all be thrown out the window and the free-trade 'capitalism, baby' with it.
What is necessary in our commerce sustaining livability is NOT an economic resolution; it IS a political resolution. Repeat: Economics is fail, (burn your MBA); politics is necessary, vital. (But that don't mean 'Poli-Sci.')
For instance, perhaps among the growing group of people unemployed, some of us might realize getting elected or appointed to public office is a job, with a paycheck. And go for it. Wipe out Wyden. Demolish Blumenauer.
Here's two headlines toward my point, saying forget 'economics' -- rework reform rebuild 'politics.'
This is No Recession: It’s a Planned Demolition, by Mike Whitney - 2009-08-12
The Secrets of China's Economy: The Government Owns the Banks rather than the Reverse, by Ellen Brown, August 18, 2009
Both of these articles are at http://www.GlobalResearch.CA and, while money talk and advice seems to be available everywhere someone has a dollar in their purse, I kind of like the collection of Mike Whitney articles at Global Research, since he and me agree that the most powerful and enriching money talk, these days, is for all of us to commerce in politics. Starting with voting to abolish the Fed.Reserve. Forget Bernancke, forget 'interest rates,' forget 'money supply' -- abolish the Fed. Reserve.
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009
Portuga, Rose 2011
Revelation, Chardonnay, Pays d'Oc 2010
Beaulieu, Cabernet, Rutherford 2005
Monte Alto, Tinto Reserva 2005
Chateau Ste. Michelle, Cabernet, Indian Wells 2009
Espiral, Vinho Rose
Vin-Koru, Pinot Gris 2011
14 Hands, Hot to Trot Red 2009
Rodney Strong, Cabernet, Sonoma 2009
Abacela, Vintner's Blend #11
Portuga, White 2010
La Bourgeoisie, Red 2009
Januik, Red 2009
Three Rivers, River's Red 2008
Kirkland, Alexander Valley Merlot 2008
Muga, Rioja Rose 2010
Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007
The Occasional Book
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt
Road Work
Miles run year to date: 21
At this date last year: 52
Total run in 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
Comments (6)
I am not the only one who sees serious inflation as inevitable. Perhaps even "stagflation."
Posted by Jack Bog | August 26, 2009 8:56 PM
I really don't know how much Geitner or Obama is paying these "economists" but I can't see a recovery on the horizon until employment stabilizes, and by all accounts it is going to get worse.
Additionally - inflation is a huge problem, as is the potential drain on the equities markets to cash out prior to the capital gains tax increasing in 2010 with the expiration of the Bush tax cuts.
Posted by Burk54 | August 26, 2009 9:04 PM
Here is a post with some pretty charts.
Check out some of the links at the bottom right of the page.
Posted by pdxnag | August 26, 2009 11:54 PM
Stagflation is the most likely scenario, which sets the stage for another Volcker/Reagan like partnership down the road, and the ensuing curative recession that is as bad as the one we've just gone through (yes, it's over as a mathematical matter).
If there was ever any doubt it should now be clear why Sheila got out front and advocated for most every consumer bailout program. She is so good at finding intersections between populist positions and parochial interest, she ought to get out of the appointive mode and consider elective politics.
For those of you who want to build some protection for yourselves, think about adding some small bank stock (w/ low exposure to commercial real estate), some ultra-short treasury ETF's and some gold stock to your portfolio.
Cheers!
Posted by Grady Foster | August 27, 2009 6:50 AM
Up here in the 'Couve we've walked into our local Safeway a couple times in the last month to find absolutely no bread on the shelves. Seems people are stocking up.
Posted by Brian | August 27, 2009 7:41 AM
The boiling bath of indexes, indicators, economic sectors, rates & returns, taxes and deficits, should all be thrown out the window and the free-trade 'capitalism, baby' with it.
What is necessary in our commerce sustaining livability is NOT an economic resolution; it IS a political resolution. Repeat: Economics is fail, (burn your MBA); politics is necessary, vital. (But that don't mean 'Poli-Sci.')
For instance, perhaps among the growing group of people unemployed, some of us might realize getting elected or appointed to public office is a job, with a paycheck. And go for it. Wipe out Wyden. Demolish Blumenauer.
Here's two headlines toward my point, saying forget 'economics' -- rework reform rebuild 'politics.'
This is No Recession: It’s a Planned Demolition, by Mike Whitney - 2009-08-12
The Secrets of China's Economy: The Government Owns the Banks rather than the Reverse, by Ellen Brown, August 18, 2009
Both of these articles are at http://www.GlobalResearch.CA and, while money talk and advice seems to be available everywhere someone has a dollar in their purse, I kind of like the collection of Mike Whitney articles at Global Research, since he and me agree that the most powerful and enriching money talk, these days, is for all of us to commerce in politics. Starting with voting to abolish the Fed.Reserve. Forget Bernancke, forget 'interest rates,' forget 'money supply' -- abolish the Fed. Reserve.
See how that politics business works?
Posted by Tenskwatawa | August 27, 2009 11:32 AM