The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

[shiny!]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

The story is here. In the It's-a-small-world category of connections, Michael Hudson had a role in the prosecution.

Despite this Summers was a serious contender for the Fed Chairman position.

No wonder the stock market rallied on the news that he'd withdrawn.

Thanks for this, EJ.

Care to share any insights as to the next Fed chair?

[EJ]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Summers has been forced to stand down because of a wonderful article published in Institutional Investor titled: How Harvard Lost Russia. I cannot get at a direct link, but this will give you all you need to know. http://mathbabe.org/2012/03/11/why-l...cy-of-harvard/

With direct talks going on between the US and Russia as we write, there was no way for Summers to continue his career.

The story is here. In the It's-a-small-world category of connections, Michael Hudson had a role in the prosecution.

Despite this Summers was a serious contender for the Fed Chairman position.

No wonder the stock market rallied on the news that he'd withdrawn.

[Chris Coles]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Summers has been forced to stand down because of a wonderful article published in Institutional Investor titled: How Harvard Lost Russia. I cannot get at a direct link, but this will give you all you need to know. http://mathbabe.org/2012/03/11/why-l...cy-of-harvard/

With direct talks going on between the US and Russia as we write, there was no way for Summers to continue his career.

[aaron]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Krugman would be good for gold.
Perhaps we should encourage his nomination.

[verdo]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Definitely great new. Caught some of this today

[bart]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Did he withdraw because he figured he might lose or because he decided the job is a set-up for failure? Hard to say. He's not stupid and either calculation was likely correct.

This hasn't gotten interesting yet. It gets interesting if Yellen also withdraws.

At this point, I don't think it matters. It's just plain good news, and even wise on Summers part. Too many know his number and track record, including his foot-in-mouth predilections.

And Krugman very likely won't throw his hat in, plus I know of no reason or even rumor from those I know that Yellen will pull out. More relative good news.

[EJ]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Great news!:

Summers Withdraws From Consideration for Fed Chairmanship


http://www.bloomberg.com/news/2013-0...-his-name.html

Did he withdraw because he figured he might lose or because he decided the job is a set-up for failure? Hard to say. He's not stupid and either calculation was likely correct.

This hasn't gotten interesting yet. It gets interesting if Yellen also withdraws.

[bart]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Great news!:

Summers Withdraws From Consideration for Fed Chairmanship

http://www.bloomberg.com/news/2013-0...-his-name.html

[Slimprofits]

Re: The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen

Fox Business version of EJ's article:

http://www.foxbusiness.com/investing...y-term-crises/

New Fed Chief ‘Curse?’ Summers, Yellen Should Brace for Early-Term Crises

By Matt Egan
Published August 19, 2013FOXBusiness

Whether it’s Larry Summers, Janet Yellen or another economist, the next chairman of the Federal Reserve will immediately be thrust into the delicate process of extricating the central bank from its most extensive intervention in history.
But what if that’s not even the most difficult task on the incoming Fed chief’s plate?

Ever-superstitious market veterans are highlighting the “curse of the new Fed chair,” which left Paul Volcker grappling with the 1979 Iranian Revolution and spiking inflation, Alan Greenspan with the 1987 stock-market crash and Ben Bernanke with the scariest financial crisis since the Great Depression.

“The changing of the guard at the U.S. central bank brings unexpected macro events to test the newbie,” Nicholas Colas, chief market strategist at ConvergEx, warned clients in a recent note introducing the notion of an early-term curse.

[Slimprofits]

Re: EJ/GAGFO on Financial Sense/Puplava ?

http://www.bloomberg.com/news/2013-0...t-markets.html

Debt levels have increased faster than cash flow for six straight quarters, boosting the obligations of investment-grade companies in the second quarter to 2.09 times earnings before interest, taxes, depreciation and amortization, according to JPMorgan Chase & Co. That’s up from 2.07 times in the first three months of 2013 and compares with 2.13 in the third quarter of 2009, when it peaked after the deepest recession since the Great Depression.

[..]

While earnings growth has remained limited, “there has been no moderation in the pace of debt,” the JPMorgan analysts wrote in an Aug. 23 analysis of 190 non-financial companies. Borrowings increased by 9.1 percent in the quarter ended June 30 from a year earlier, rising to a decade-high of $2.9 trillion even as Ebitda dropped 2.3 percent, led by declines in the metals and mining industry.

[..]

“As companies are less and less able to deliver earnings growth through internal efficiencies and top-line growth, and at the same time shareholders are pushing for increased rewards, they’re turning to financial engineering to push returns,” said Alan Shepard, an analyst and money manager at Madison Investment Advisors Inc., which oversees about $16 billion in Madison, Wisconsin. “Borrow the money at low rates to finance repurchases and you can drive earnings-per-share growth.”

[..]

“As the yield curve continues to move higher, companies may be more reluctant to increase leverage to reward shareholders,” Shepard said. “Eventually the debt has to be refinanced or retired, and the odds are that it won’t be done at the historical low rates of earlier this year.”

[c1ue]

Re: EJ/GAGFO on Financial Sense/Puplava ?

I do use google search with the site: frequently, but unfortunately a lot of the information on iTulip is bunched around certain areas.

A search for 'Peak Cheap Oil EJ' in order to find specific EJ peak cheap oil comments/posts, for example, would return nearly 2000 results.

Being able to add levels of filtering would help immensely - either by poster, year, or even thread size. None of this is possible with straight Google site: searching.

[verdo]

Re: EJ/GAGFO on Financial Sense/Puplava ?

verdo, we have decided to stay with the vB platform, both the front end (content management) and the back end, after a diversion into vb Drupal and wordpress land but user registration and spam filtering db synch issues overwhelmed us. We are stuck with vB's not-so-bril search capabilities. They are reportedly betting in V5. It's still too new and buggy for us to upgrade to yet, tho.

Best way to search the iTulip archives is to use google as follows:

site:itulip.com keyword1 keyword2 keyword3

We will code this into the new site.

ah fair enough

[seobook]

Re: EJ/GAGFO on Financial Sense/Puplava ?

Best way to search the iTulip archives is to use google as follows:

site:itulip.com keyword1 keyword2 keyword3

We will code this into the new site.

Be sure to still make the other search option accessible, as by default Google of course won't be able to search anything that is behind a paywall.

We tried it. The current main page is a wordpress hack. Problems are in synchronizing the registration, friends, blogs, and other and other content management and db functions of vB with wordpress.

have you guys looked into aMember?

[FRED]

Re: EJ/GAGFO on Financial Sense/Puplava ?

Have you considered using WordPress for the frontend content and vB for the forum? The StudioPress Premise plugin will allow you to integrate your front end WordPress site with the vB forums:

http://getpremise.com/access/#private_forums


As for spam filtering on WordPress you can use this:

http://akismet.com/


WordPress powers nearly 20% of all websites and has a large ecosystem of developers. So, these issues shouldn't be a problem for you and WordPress would provide you with a massive upgrade in terms of front end usability and backend functionality. Plus, you'd be able to organize all of your existing content on the front end and gain some more powerful search capabilities to boot.

We tried it. The current main page is a wordpress hack. Problems are in synchronizing the registration, friends, blogs, and other and other content management and db functions of vB with wordpress.

[porter]

Re: EJ/GAGFO on Financial Sense/Puplava ?

Thank you lektrode, sunpearl71 and goadam1 for the generous offer of assistance. We will set up a forum for the New iTulip Development Team forum for the purpose.

verdo, we have decided to stay with the vB platform, both the front end (content management) and the back end, after a diversion into vb Drupal and wordpress land but user registration and spam filtering db synch issues overwhelmed us. We are stuck with vB's not-so-bril search capabilities. They are reportedly betting in V5. It's still too new and buggy for us to upgrade to yet, tho.

Best way to search the iTulip archives is to use google as follows:

site:itulip.com keyword1 keyword2 keyword3

We will code this into the new site.

Have you considered using WordPress for the frontend content and vB for the forum? The StudioPress Premise plugin will allow you to integrate your front end WordPress site with the vB forums:

http://getpremise.com/access/#private_forums


As for spam filtering on WordPress you can use this:

http://akismet.com/


WordPress powers nearly 20% of all websites and has a large ecosystem of developers. So, these issues shouldn't be a problem for you and WordPress would provide you with a massive upgrade in terms of front end usability and backend functionality. Plus, you'd be able to organize all of your existing content on the front end and gain some more powerful search capabilities to boot.