by cactus The End of the Recession: A Prediction Back in March, I noted we were in recession, and that the recession was somewhat different from previous recessions in that it had not been preceded by a nice sized cut in the real money supply. Put another way – an error by the Fed wasn’t […]

rdan (hat tip Stormy) Market Oracle has an opinion on where the trade deficit will be headed: Durable and capital goods The US’s manufacturing sector is concentrated in industries most vulnerable to an economic downturn, durable and capital goods. Durable goods are products that last for more than three years like SUVs, motor/sail boats, etc. […]

rdan (hat tip 2slugbaits) Krugman says here: What I’ve illustrated here is the marginal cost and benefit of government purchases of public goods in and near a liquidity trap. The marginal benefit is presumably a downward-sloping curve. If G is low, so that monetary policy cannot achieve full employment, the marginal cost of an additional […]

by cactus Kafka and Bills Back in May, we moved out of state. Before we did, we canceled our assorted services, ranging from the newspaper subscription to gas. One of the utilities we canceled was Los Angeles Department of Water and Power. The ex-GF called, and they said they’d do a final reading and send […]

Wow…here we go!

rdan Knoxville News points to a 2003 report on options to fix the leaks: In November 2003, a leak along the bottom of the dike forced TVA to cease depositing fly ash into the pond’s dredge cells. TVA considered at least eight options to address the leak, according to a Dec. 22, 2003, agency update. […]

rdan CNN has a follow up to the story and post concerning the breaking of a retaining dam and the coal ash that was released. Coal ash is full of heavy metals, and not bio-degradable. I believe I was the only one to be concerned about the water sources for the area as part of […]

Economy: Enjoying the Pre-Game Show? Sorry to be missing from the Angry Bear scene – but I have had several long and serious medical outages in 2008. Good health insurance was my best investment – picking up a six-figure tab. So far as other investments are concerned — in some of my 2007-2008 HALOSCANS I […]

by cactus Proportionate Response I’m not going to weigh in on the latest incarnation of the Israeli-Arab conflict – everyone’s opinion about who is right and who is wrong is set in stone anyway – except to say that I found the constant use of the term “proportionate” to be quite interesting. First, because very […]

Excessive Liquidity The Economist is worried about the rapid growth in the world’s money supply over the past couple of years: HOW loose is the world’s monetary policy? One gauge is that real interest rates in America and other countries are still negative. Another is that global liquidity has been expanding at its fastest pace […]