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joi, 17 octombrie 2013
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miercuri, 16 octombrie 2013
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
- Replaced by a Mannequin
- Deal to Continue the Bickering Through Feb 7; Boehner Compromised; Next election, Rand Paul + Chris Christie?
- Is Gathering Real Time "Inflation" Data With Smart Phones a "Game Changer"?
| Posted: 16 Oct 2013 10:00 PM PDT Why pay a human if a mannequin can do the job better? I have talked about mannequins before, but the idea of mannequins replacing humans is back in the news again. Meet Sandy  "Sandy," a sign-waving mannequin, helps bring in customers to a Los Angeles smoke shop. Image by Alex Schmidt/NPR. NPR reports There's A New Kind Of Sign Spinner In Town. Meet the sign-spinning mannequin. She's freakishly tall, and her head is turned way back, Exorcist style.Sign Waving Mannequin Video Link if image does not play: Replaced by a Mennequin Here is my favorite image clip from the video.  That mannequin rates to bring in far more business than even a good looking sign waver (which most are not). Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
| Posted: 16 Oct 2013 11:26 AM PDT Even though Republicans hold a majority in the House, Speaker John Boehner failed to muster enough votes for two proposals he floated. Is that a sign of ineptitude, weakness, or that the House was hijacked by no-compromise Tea-partiers in a complete fool's mission? Regardless, Senate Leaders Reached Agreement on budget deal to end the shutdown. "This is a time for reconciliation," said Senate Majority Leader Harry Reid of the agreement he had forged with the GOP leader, Sen. Mitch McConnell of Kentucky. One prominent tea party lawmaker, Sen. Ted Cruz of Texas, said he would oppose the plan, but not seek to delay its passage.Deal to Continue the Bickering Between now and January 15, expect relative calm. Then, if no agreements are made to reduce spending, we can look forward to another ridiculous round of bickering over cutbacks. Speaker Boehner Compromised Sen. Lindsey Graham, R-S.C., a former House member and a Boehner supporter, is worried that "somehow John Boehner gets compromised." Somehow? It's clear that Boehner is already compromised. The question now is whether or not Boehner loses house speakership due to his inability to lead. Ultimately, it was clear from the beginning that Boehner would have to send a clean bill to the House, and that is exactly what is going to happen. Boehner's "End Obamacare" proposals did not have a chance in the Senate and thus were a big waste of time and energy, with Republicans taking the blame for the shutdown. Since no good (for Republicans) could possibly come from this bickering, the Senate finally voted to cut the losses, and perhaps Boehner's neck at the same time. Even if Boehner survives, he is damaged goods. Who is to Blame? One seriously misguided soul emailed me yesterday, stating that libertarians, especially me, are to blame for this mess, and also for Mitt Romney losing the election. In regards to soaring debt, both parties are to blame: Republicans for their ridiculous war-mongering and Democrats for entitlements. In addition, President George Bush is responsible for an irresponsible Medicare bill that added greatly to the deficit. As for Mitt Romney losing the election, neither I nor libertarians are responsible. Toss every libertarian vote to Romney and he still loses in an electoral landslide. Republicans themselves are to blame for nominating a hopelessly weak candidate. Independents the Key Many independents (of which libertarians are only a tiny component) could not support Romney's war posturing with Iran, his trade-war posturing with China, or his position on abortion. To top it off, Obamacare and Romneycare are one and the same. The election debacle should have been a wakeup call for Republicans, but judging from the mess Boehner made for himself and Republicans, it wasn't. Looking Ahead to the Next Election Hopefully Republicans will get their act together and nominate someone that independents can vote for. How about a ticket of Senator Rand Paul and Governor Chris Christie? Independents could vote for such a ticket, and indeed I think they would, especially if Rand Paul keeps his rhetoric under control. Christie is well liked by Democrats in New Jersey and he could make it close in similar states. If instead, tea-partiers hijack the nomination with an extreme right-wing, pro-war, pro-gun, anti-abortion candidate, that person would likely get trounced by Hillary Clinton (assuming she wins the nomination). But don't blame me, I am just the messenger. Addendum: Reader "CJ" writes ... "Christie is well liked by Democrats in New Jersey". And why wouldn't they like Christie? He is pretty much a Democrat, who goes along with Obama but has a little bit of sense about budgetary matters. I'm really not even sure why he calls himself a Republican. Sometimes a politician just can't get the party of choice to support him. My response ... Christie is extremely anti-public-union and is despised by them. He cut spending and lowered taxes. Yet, many Democrats now like him. Why? Because his policies improved things. I do not know his position on war-mongering but it cannot possibly be worse than Romney's. Christie is hardly perfect (but no one else is either). Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
| Is Gathering Real Time "Inflation" Data With Smart Phones a "Game Changer"? Posted: 15 Oct 2013 11:55 PM PDT Premise Data Corp, a startup firm backed by Google, has deployed 700 smartphone-equipped workers across 25 cities to capture images of products as their prices change daily. The Wall Street Journal claims Real-Time Economic Data Could Be a Game Changer. Software automatically tags the location of the products down to the individual store and analyzes the images—items such as meat and produce—to gauge quality differences. A user viewing the information can zoom in on images of the products at each retail location, making it a store-shelf version of Google Street View.Fatal Flaws in Inflation Tracking Methodology Let's not pretend any of these companies will be tracking "inflation" because consumer prices are a symptom of inflation rather than inflation itself. Inflation, the expansion of money supply and credit, frequently manifests itself in the form of asset bubbles, rather than price hikes in consumer goods. For example, the dot-com bubble and the housing bubble (and the subsequent crashes), are the direct result of Fed inflationary practices. Currently, the stock market and bond market are both in bubble territory because of the Fed's inflationary practices. Unfortunately, there is no way to prove that thesis until the next crash. Nonetheless, there is a benefit to price tracking. The Benefit Instead of bringing back laid off BEA and BLS workers let's get rid of them. Gallup can easily track unemployment and this firm can better track consumer prices. Any technology with a capability of eliminating government workers is fine by me, but unless that actually happens, "game changer" is a bit of a stretch. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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Damn Cool Pics
Damn Cool Pics |
- It's Not Happening Here But It Is Happening Now
- Robert Forstemann Huge Legs
- Most Extreme Weather [Infographic]
- Top 21 Rad Radiators
| It's Not Happening Here But It Is Happening Now Posted: 16 Oct 2013 07:21 PM PDT Good ad campaign by Amnesty International - It's not happening here. But it is happening now.           |
| Posted: 16 Oct 2013 07:06 PM PDT If a gold medal could be handed to the Olympic athlete with the largest thighs, German cyclist Robert Forstemann would lead the pack.              |
| Most Extreme Weather [Infographic] Posted: 16 Oct 2013 06:21 PM PDT The news is packed with stories of extreme weather from around the globe, but are we experiencing the worst of the worst now? Looks like the last century has seen some real doozies. Click on Image to Enlarge.  Most Extreme Weather by The Air Conditioning Company |
| Posted: 16 Oct 2013 06:10 PM PDT It's that time of year again: leaves are falling, stodgy food is calling and there's no chance of drying your washing on the line. Best crank up the central heating, then. After a long summer of standing still, looking boring and being cold, it's time for your radiators to continue standing still and looking boring whilst they dry your clothes and creak creepily when you're trying to get to sleep. But hang on – who said radiators had to look boring? None of the designers who created these beauties, that's who. Forget the dull eyesores that are stuck to almost everyone's walls: this is art. If you thought radiators were all plain white oblongs, our list of the coolest radiators on the planet says you're wrong. Here goes… Like a Bra  His 'n' Hers  This Little Piggy  View Entire List >> |
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