The Dismal Scientist
Friday, November 11, 2011
Tuesday, November 8, 2011
Next In Line for Implosion: Pension Plans
'... While everyone is focused on the drunk being pulled from the pool--Europe's sovereign debt--another drunk is teetering on the edge: public and private pension plans. Here's the reality in a nutshell: pension plans only work if they earn average returns of around 8% per year, basically forever.
Gripped by the mono-maniacal desperation of an addict who sees no other path but another hit, central banks have lowered interest rates to near-zero to "spark growth." Unfortunately the only thing being goosed is the future cost of servicing the additional debt.
How do you earn 8% on money which yields at best 3%? You can't. How do you reap a gain on bonds when interest rates have already hit bottom and can't fall any lower? You can't...'
http://www.oftwominds.com/blognov11/pension-implosion11-11.html
Gripped by the mono-maniacal desperation of an addict who sees no other path but another hit, central banks have lowered interest rates to near-zero to "spark growth." Unfortunately the only thing being goosed is the future cost of servicing the additional debt.
How do you earn 8% on money which yields at best 3%? You can't. How do you reap a gain on bonds when interest rates have already hit bottom and can't fall any lower? You can't...'
http://www.oftwominds.com/blog
Tuesday, October 4, 2011
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"The Big Suck Theory"
6 Comments - Show Original Post Collapse comments
Home Office Space / architecten
http://www.archdaily.com/173419/home-office-space-architecten-en-en/
October 4, 2011 3:25 AM
... take off your Homeland hat, and consider the view from the world stage (there is a 'world' larger than the US):
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Iran urges halt to US anti-protest moves
'... Amid the widening protests in New York and other major US cities against Washington's financial policies, Iran urges US authorities to halt the suppression of anti-government rallies and heed the pleas of the American people.
The protests in the United States stem from the persisting economic crisis in the West and the US, said Iran's Foreign Ministry Spokesman Ramin Mehmanparast during his weekly press conference on Tuesday, expressing concern about abusive measures employed by American police forces against protesters that have been voicing opposition to US financial policymakers...'
http://www.presstv.com/detail/202655.html
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October 4, 2011 4:18 AM
Signs of Change: The American Spring
'... What the Occupy Wall Street movement lacks in organizational clarity, with its direction and goals, it makes up for with enthusiastic free-form grassroots activism that has gathered contagious pacifist support by way of visual virals – posters, signs and graffiti – awaking solidarity across the globe...'
http://www.spreadartculture.com/2011/10/03/signs-of-change-the-american-spring/
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October 4, 2011 4:21 AM
Bill Clinton Is Baaaaaaaaack!
'... The New York Times reported last week that former President Bill Clinton is working on a new book on economic policy to be released in time for next year's election. This is unfortunate, since Clinton stands alongside Alan Greenspan as one of the last people who should be giving the country and the world advice on economic policy...'
http://www.truth-out.org/bill-clinton-baaaaaaaaack/1317648177
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October 4, 2011 4:24 AM
Stuart Zechman: The Beatings Will Continue Until All Not-Yet-Right-Thinking Lefties Support the Infrastructure Bank Scam
'... Yves here. Stuart Zechman is a keen observer of how corporatist policies are peddled through various Rubinite/Hamilton Project organizations and other mouthpieces and skillfully messaged so as to snooker or co-opt bona fide progressives who ought to know better.
His article mentions Third Way. For benefit of those who have been so fortune as to have limited contact with the netherworld inside the Beltway, here is a brief description from an earlier post:
And make no mistake about the role of Third Way. Third Way runs the policy apparatus of the Democratic Party. In Congress, staffers attend regular Third Way policy briefings, where the group hands out pre-packaged legislative amendments in legal form, generic press releases, polling around those policy ideas, and talking points. It’s a soup-to-nuts policy apparatus. Most of these ideas are harmless – like increased volunteerism – but some are not...'
http://www.nakedcapitalism.com/2011/10/stuart-zechman-the-beatings-will-continue-until-all-not-yet-right-thinking-lefties-support-the-infrastructure-bank-scam.html
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October 4, 2011 5:05 AM
OCCUPY WALL STREET, Sarasota, FL
Site: Island Park, Downtown Sarasota
http://occupywallst.org/
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October 4, 2011 5:20 AM