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sâmbătă, 20 septembrie 2014
The World Is United in the Fight Against ISIL
Seth's Blog : What everyone reads
What everyone reads
Everyone used to read the morning paper because everyone did. Everyone like us, anyway. The people in our group, the informed ones. We all read the same paper.
Everyone used to read the selection of the book of the month club, because everyone did.
And everyone used to watch the same TV shows too. It was part of being not only informed, but in sync.
Today, of course, that's awfully unlikely. Only 1 or 2 percent of the population watch the typical 'hit' show on cable. Of course, it's entirely possible that everyone in your circle, the circle you wish to be respected by, is watching the same thing, but that circle keeps getting smaller, doesn't it?
And when 'everyone' isn't part of the picture any more, when the long tail is truly the only tail, plenty of people stop trying. They stop reading difficult books or watching less-than-thrilling video, and they don't push themselves to do the hard stuff, because, really, why bother?
Society without a cultural, intellectual core feels awfully different than the society that we're walking away from.
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vineri, 19 septembrie 2014
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
Idiotic Proposals for Fed to Give Away Money Posted: 19 Sep 2014 12:27 PM PDT A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America . Grgurich formulated his article after reading "an intriguing piece just published in Foreign Affairs, Brown University political economist Mark Blyth and London-based hedge fund manager Eric Lonergan argue the Fed could have done better by pursuing a far different type of grand policy experiment." The "intriguing piece" is Print Less but Transfer More, Why Central Banks Should Give Money Directly to the People. Sheer Idiocy
The Math According to the census department the number of US households is 115,226,802. Base Money Supply has gone up from $848 billion at the start of 2008 to $4.150 Trillion today. That is an increase of roughly $3.3 trillion. An increase in money supply of $3.3 trillion is not the same thing as a gift of $3.3 trillion. At most, banks made 0.25% interest (free money) on excess reserves parked at the Fed. The actual amount of excess reserves is $2.7 trillion. 0.25% of $2.7 trillion is $6.75 billion. That is the amount the Fed effectively gives banks, per year. Spread among 115,226,802 households the gift would be $58.58 per year (less actually because excess reserves grew over time they did not suddenly hit $2.7 trillion). Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
"Surprising" MH17 Crash Update Posted: 19 Sep 2014 07:33 AM PDT The title of this article, "Surprising" MH17 Crash Update, is accurate only in the sense the average sheep believes the average mainstream media report. Since that is the majority, the title is accurate. Mish readers, however, may find this report not surprising. Reader Marina from Toronto explains via email .... Hello Mish,Union of Engineers Report Please open your minds and download the Translated Report on MH17. Forget about the origin and give the report a read. It may open your eyes. Looking for another opinion? If so, please consider the Automatic Earth Commentary on MH17. I side with Raul on Automatic Earth who says "At the very least the report should be broadly discussed in western media, and western experts asked to refute what parts of it they find fault with." Indeed. Where is the discussion? My take: There is no government interest in any possibility other than a preordained self-serving US conclusion. Thus, there is not, nor will there be any mainstream media analysis of that nature barring a Watergate or Snowden-type disclosure. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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Damn Cool Pics
Damn Cool Pics |
- This Guy Found Out The Hard Way That Cheating Is Wrong
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This Guy Found Out The Hard Way That Cheating Is Wrong Posted: 19 Sep 2014 11:16 AM PDT |
The Inside Of A Turtles Mouth Is Absolutely Terrifying Posted: 19 Sep 2014 10:23 AM PDT |
Unknown Facts About Well-Known Paintings Posted: 18 Sep 2014 08:28 PM PDT |
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