stigasaurus rex

“at least since Keynes, we know how to stimulate the economy more effectively, and in ways that increase long-term productivity and enhance living standards”

'nough said :

mission

become the democratic arsenal of the green revolution
bw

“Too often, economics, instead of being about identifying choices, and the costs of choices, becomes so complex and convoluted that we end up talking about the economy as if it were the weather, something that just happens.”

indeed
and its precisely

the roll call of natural fallocities

the leave me to faire alone mob

like to agitprop us up into a frenzy

of ignorant fear about

natural rates of this and that

which once defied by social engineers
frigging and fragging with regs and deficits and printing presses and such

end up only putting at risk

the whole of us little peoples

blah blah blah

don't touch that spectre u see (or don't see)
is holy smoke folks

Posted by: paine | Link to comment | April 10, 2008 at 12:39 PM

paine says…
“The Fed end-game is inflation, moderated or otherwise. They have been, and will be causing inflation. To do otherwise, in the circumstances, would be foolish.”

all we have to fear is inflation itself

and i ain't seen none yet

lets wait till it bites a few of us
b4 we cry wolf and crunch the whole global system

with a knee jerk bankers induced

panic type

credit flow volckerization

Posted by js paine at 08:31 PM

no middle class

what next

just a botom blob of homers and horse faces
and atop this jiggling mass of indolence

a creation class

and above that a post ownership society

automoton “screeching ” thru v and e mail systems

13267 your fire …. 8760yz your hired …. 97811qq your fired …your fired too 94432qq and congraulations ick 13 your hired … reason 77 your fired …and you six down there goofing off rifling the mail room .u six 564iou paine brothers ..your all fired

fired fired fired

zap zink zop

Posted by js paine at 08:30 PM

note:

this guy icarus is a pompous right wing
logic chopper of a half educated ass

bristling with
ceteris paribi

and all that hic hike hoaky shit

i get torn and attack him…..

——————-

icky goooma speaks:

fuck the skill free job slobs

ceteris icarus
they aren't even worth their present wage rates

…
more ick sprakking :

“Get ready for the world of walled, manicured, and planned cities, surrounded by megaslums “

the old wax winger
loves this shit eh ???

“here's the harsh reality bub …
ya better learn

to live with it “

maybe ick's

the type of lone wolf soul

that finds itself

later in life's journey

and yet only so far

up ambitions barber pole

only so far up

but not far enough up …

so he's gotta use this hard glare shit
on the weeblery

poke wake up sticks at us softy types

you know
warm his hands

on our torched illusions

as they ash away

maybe it makes him feel…
i don't know

“alive and in love again “

with the image of himself
he left in the desk drawer

of his own shut door room

back

in the mom and pop are down there

days

worth it isn't it
amidst his stoic bitterness

in your next life ick
with all the bad karma producing

flow over

from this life

you will not be

the peanut vendor

paid the market wage “she's” worth



you'll be a peanut

ps hire the 60 k co ed
she sounds bright and industrious

and oh

give your self
the walter mitty award

for that fandango

about hiring 110 k data geeps

thank your lucky stars
you ran out of the big mo

needed for a serious career climb

there's no time
for blog trolling at the top

my man

…
” …worker may not be worth enough to warrant a raise”

”.. What is the cost of replacing them”

worth and replacement cost
between these two poles

potential rent yields florish

to conflate the two

is to assume away the issue

note this
stagger-ing-ly jagged and conflicted meme jig :

“if the firm makes significant profit,
who deserves a piece?

Is it the 'worker' at the bottom, who contributed?

Is it that worker's “fair share”?

How do the spoils get divided, so to speak?”

jb clark's margin revenue product
meets the cluster fuck of real co operative

or at least collective production

replacement cost only comes to the rescue
full value fairly

if euler applies

and in general …so sorry yankee fool
…he don't

and all else being otherwise
rents arise like dragons teeth

call em residuals to make em sound like scraps

but they're everywhere

rents in no way
necessarily become incentivizing comp

even against uncertain risks

rents
ie non supply regulating income

properly belong to the whole people

why

because they are not the result

of indivdual value added

out of production

the social surplus is a social product

only for expediency

should it be doled out to surplus seekers

you have the notion right
just the level of its application wrong

its not in the board room
this doling oughta be made

even if today as a practical matter it still is

no it oughta be made at the level of the whole people
thru the whole peoples chosen agents

if you want an acid test
try this

could the state take it in taxes
and still get the same output result



if so its rent and belongs to all of us equally

yup its the people's the whole people's
and nothing but the people's revenue

————

“our quasi-humanist sense of equality”

what in god's name does that mean ick ???

and why the “our”

you have such a sense ick ??

or only simulate it
to understand others folly

“pay a market rate”

u use it like the market rates are
chipped in stone some where

for ceo's ???

much range for negotiation
in the contract curve

if this is one on one edgeworth boxing
ick

u'd go down for the count

if u walked into that ceo hiring session
thinking

the sort of chunk of the contract curve

your likely to be fighting over

is of secondary importance

try saying this:

“take it or leave it pal
that's the market rate

plus or minus a few bucks “

…
ken

its really simple isn't it

a producer is “entitled “
to the market value of his product

anything less is …a rip off

unfortunately no corporation

pays its peanut sized production jobblers

on anything like that basis

do they

…
Tom Paine

now there's a fine fellow

—————-
ick is prolly

back at his corner office desk

second floor alas

not pent house

maybe negotiating
with “talent”

rewards and other incentives … at the margin

unfortunately
thanx to my opaque prose

the fair reward biz
when there's a non comply

between 

the marginal…..and the average revenue product

of a 'umble production factor made of flesh

seems to have not left even a scratch on him

the import of it
seems to have flown right past his head

like alex hamiltons first and only shot

at aaaaaron the great

on the other hand
my insults and taunts

smoked him out into the open

and in all conscience
i must add

his myopic

victorian gent of a social model

albeit covered

by a soft candy shell

of pomp and florish

looks by the light of day

well ….endearingly chilled and nasty

like he's a deaf as well as near sighted
mr magoo

btw
i see him working for scrooge mcduck llc

and at a seriously mcwaged salary

its way past 7 pm now
and boss mcduck—- on his way to charity ball—

passes icks office door

“staying late i see ick … good show… good show
keep it up …your… ahhh ….company treasure “

under breath as he turns
to hide a fast growing horse grin

scrooge mutters benignly

” suuuuuckerrrr “

—————

“Funny how the non-normative principles of economics

so often dovetail with the interests of the powerful, eh?”

lovely warland lovely

mongrel dogs prolly
leap out at ick

instinctively

and try to bite his beee-hind

as he passes down the hall

btw

i love him now dearly
he provides

such a fine dry as tinder straw man

we can set ablaze …

free of charge

i guess
like with my comments

free

is all the market will bare

Posted by js paine at 08:26 PM

The areas that have gone up in cost the most are those where demand is essentially inelastic

indeed its that simple but so is the lot bubble

given the off shore onslaught and the
resultant flight to the safety of more skiller heights

mayhaps
a bubble in sheep skins

like once tulip bulbs got ???

more
on higher ed costs

its the market stupid
or what amounts

to a poorly simulated market

like private hospitals
pro-test-ant sects

and bar rooms

we got

too many

private colleges

their tuitions are
a function of

contrived public credit system

that allows too much lending

and too little comnpetition

students are paying for
the nut of ten thousand

chronically over capacity

and under enrolled

private higher ed institutions

putting aside
the hideously

rigged scholarship set up

hell
far as i'm concerned

the pri col cartel lobby complex
needs a joe and june three wide

bust in the mouth

free tuition at state schools is hardly the answer
though it at least could drive the pri cols under

even state school subsidy is a sick joke
played on mr and mrs three wides wallet

let em all i mean all the two and four year gigs
pri sec and pub sec

contend with each other

examples

make all credits at accredited insitutions
cross countable toward degrees anywhere

make half your credits earned here shit illegal

make tenure contracts illegal

make professional school
pre qualifications minimal not maximal

at least in the good old days
medical school students could come

straight from high school

turn the contest for students

as much as possible

into a free fire zone

do that
and watch the cost efficiency rise

while by in large
“the products ” offered

may well degrade

and at best

i'm sure they'll remain

just as useless

job use wise

as ever

but
at least if they start competing on price

the total signaling costs

of our domestic

better job filtering system

will be lower

Posted by js paine at 08:22 PM

bw

nice run thru

i however see the fault line
in the fdr hegemonics running thru

the post 68- 78 crsis in america

yes carter…
with volcker as thors hammer

started the big turn right

a turn so massive it
effectively morphed

the qualitative post WWII characteristics

of the us economy

we've been in reagonia ever since

fdr land is history
now —even in its post war kold war

uncle hegemonic phase

a past seties of station on clios railroad

trying to rescue the dembot party
post nam is well …a daunting task for an honest pair of eyes

and it gets particularly daunting when we hit the second ike era

with will clintons gang in charge

you're good policy bad policy gig

it means
good cop bad cop now

and has meant nothing more then that

at least since we elected

jimmy the C

the dembolian-corporanian composite party
needs to split its train in twain

and each hoity moity part

head of

in decidedly different directions

at the earliest possible switch point

bw

nice reply

first the end

“In 2008, the Republicans are offering John McCain, the exemplar of “honest conservative” fool. The country is on a steep slope. Progressive/liberal/left Democrats can try to drag the fools up the slope. Or, the fools can choose John McCain, and the train will go barrelling downslope, ungoverned, to the precipice.”

i agree about the air pirate McCain bit

but might i suggest the post 64-68
“national majority “

tilt

is at long last

headed for a reversal

even if the fools vote in hanoi johnny
their likely in short order to be rescued

as they were from hoover (h)

by their own emiserization

progressive change and misery
have this on and off long term

thing going on between em

as to
the open

“that's what they did in 1968, when and why it all went so terribly wrong. “

ya but the party never really came apart
the hump THUMP

led NEXT TIME

to the one brake in the party's prez candidates

george McG

but the party “center ” held its ground

retook control

and …..

better 40 years in the wilderness after
68

then this reagan lite shit

“The two American Political Parties differ systematically in who they are trying to benefit”

bruce i find this difficult to swallow whole

“systematically ” differ ???

are we talking some covert party class line
the inner cadre

cloak in a fatuous whole people mass line

a mass line that stinks
of hoakum water

i'd contend the dembots have such
an eclectic notion

of who they are fighting for

and just how they are fighting for em

and just why that how is necessary at this juncture

that its capable of justifying almost anything …

if you'd said
the dembot core has a clear

30 year pattern of actions

that intend to benefit xyz

as long as its not

at the expense of abc

i'd buy it

the dembots are without covertly adulterated
” broad class coalition ” type motives

in fact

they clearly push their bases around

nafta in the face of the afl-xxx
in fact the dlc has 20 year

semi overt flurtation

with fuck the reagan hard hats

they're dinosaurs on the way to clio's slaughter bench

and as for blacks

merely the list of sell outs and sell offs

over the last 40 years

would fill john browns grave

Posted by: paine | Link to comment | April 09, 2008 at 05:36 PM

paine says…
An economist can know a lot about economics and still want the rich to get richer and the poor to shut up about it.

great linewinslow

neither party core
i suspect

willing admits to itself

they aims to get

their members into office

by playing off

the contradictions

between

the various corporate sectors

which doesn't mean in practice
if not by intent

at least in fact

they do what amounts to just that

thru their

endless two sided

corporate donation contests

but i see austen ghoulsby's ichabodish face

hovering b4 my eyes

even as i read it

“the administration and..a congress.. controlled by Republicans … had no desire to do so.”

and why pray tell should they ???

its up to the people's party
to champion the people's interests

the question ought to be ..i think …
why can't the jobbled majority “elect “

a majority congress

clearly carved in its own image ???

i suggest u can
look to the corporate wing of the dembotry

for your answers

them and the class quislings in the dembot prog pond

unwilling or unable to brake free

the dems need a convention like the convention of 1896
—-where the gold dembots

appeared to be summarily

hurled out of “the big tent”—-

even a loss as severe
as bryan took in the subsequent election

(out pursed by ten to one )

at least creates

a real organized alternative

to corporate hegemony

not just a jeff to the gop mutt

“Clinton wasn't much better because the surplus and growth under Clinton-Rubin was a child of the manipulation of inflation data and other economic ledgerdemain.”

This is a rotten lie.”

no its not a lie anne

its unintentional poetry

its figurative visionary thinking

the dream icons it contains
need to be carefully

unpacked

and then they reveal

the inner essence of the scandal

in 92 by a plurality like lincoln's
we elected a working family candidate

and we got …ike clinton

that was then
and

now what ??

maaaaa—-mmmmie clinton ???

or will it be
that most shrewdly obscure

outline of a figure

the hero of obamanation

“And the container ships sailing from China are lining up outside Los Angeles, full of corporate profits.”

right on rusty

american coprorate arbitrage profits

castrate the trans nats

bomb the rmb /dollar bridge

Gerard MacDonell
“Let's leave …. on the right where it belongs.

…. does the typical liberal thing ….”

u are sprawling your attacks
all over the political map here

man of reason in the middle i take it

btw

what does this mean to u

“We did have a boom”

the system produces
all we need do

is figure a way

to share out its bounty better ????

what if its
over all performance

and the fate of its big gainers

and big losers

are interlaced

look art that evil toy
trade simplex theory

great trade gains create
great displacements of factor employment

and often factor shares …no ???

maybe the whole damn set up needs an overhaul
not just a pro middle income job strata

tax tweeeeeking

” …poor macroeconomic performance…”

i'd say jobs growth is a possible macro policy aim
and on that dimension we have most assuredly not

had a boomy recovery

“Isn't the idea of communication to try and be understood easily?”

up to a point ..i guess
if easy means clarity

without un necessary baroque counterpointing

my writing is indeed bad writing
but …what's so hard about it ???

read it out loud to yourself
if the line brakes frustrate your fast aquisition mode

its all pretty simple shit
if a bit compressed

and alas

too simple and repetitive

unreadable ???

maybe u just read to fast dear soul
or

look for what's not there

i'll admit
i speed bump on purpose

conventional thought trains
need the occasional derailing side tracking

and slowing for site seeing

we all have agends of course

but i find
reading to simply confirm or refute

is like playing tennis against a back board

the clinton miracle book ended :

“The benefits of economic growth were broadly shared….”

” .. a few years in the late 1990s “

a fluke ???

dumb luck ???

alan's doing ???

an over sight ???

a tease ???

the jack asses last hurrah ???

” The really Rich,
or a significant portion,

have to be screwed, big-time.

Bring on the guillotines…..”

why ?

” The California electricity crisis. The Bankruptcy Bill. Tort reform. The huge effort to reform Social Security out of existence.”

moral

“The Republicans are not neglectful stewards
of a common cause. ”

they are to the contrary

the ever at the ready and service

once and for always

the bound class champions

of the uber plutos

—- or is it …just petty bag men ??? —

the paw of the tiger

“cute “

oh i wish it were so

“sentences “

do you speak in em bro ???

sam johnson i ain't
but maybe this might help

think
of truman capote's speaking voice

as you mouth my words to yourself

then
it will all make

too too much sense

maybe too much
for u to bare

Posted by: paine | Link to comment | April 09, 2008 at 12:48 PM

paine says…
holly w

“Actually, I see this quite the opposite way: Having both adults in a household working is a form of insurance, guaranteeing that there will still be income even if one of them loses their job”

i agree
as long as either jobs' income alone

covers the household's weekly nut

“monopoly on “legalized” theft”
indeed taxes prolly are

sublimated robbery

but colorful anachronisms aside

might it not be better
and cuter

to say

the state has a monopoly

on

—-among other things——

defining what qualifies

as “legalized” corporate theft

vs

counterfeiting

forgery

fraud

usury

embezzlement

pick pocketing etc

Cyrille
i'm convinced

from hence forth
there will be

no more awwwwwfull prose

from

yours true-llly

owen christopher manfred paine
late of hingham mass

Posted by: paine | Link to comment | April 09, 2008 at 01:35 PM

paine says…
I understand everything you say.

Ah, should I be worried?

yes check in the mirror for a pair of pre horn lumps

right about at the temples

if you don't stop reading my shit

you'll end up looking like

the st louis ram

Posted by: paine | Link to comment | April 09, 2008 at 01:39 PM

paine says…
anne

did you bust open the lock

i put on the brandy chest ???

vis a vis derrida

“…. found in his writings
resources for insights

that have led

to an extraordinary revival

of the arts and humanities

during the past four decades…”

grounds for a quick trip to the memory hole i'd say

kthomas

you are far far to kind

the devil ??

even mr mephisto …moi ?

its like calling
a corporal

” field marshall

really good line by kill shot :

“huge amounts of governmental power and privilege have been privatized in the form of the limited-liability corporate person.”

it makes a keystone point
one that holds in place

many other points

“There should be as little food-trade dependence as possible in developing economies. Subsidize, subsidize, subsidize”

anne has a keen point here

a low ball currency helps
it amounts to a tax on improted food and thus a subsidy to domestic production

a good reason the prc hasn't revalued rapidly

but there are other ways
to prop up small farm income

or cut

“the total cost” of small farm life

ahh this is a huge project
the really great transformation

involving not millions

but billions

billions are skidding around
on this hot griddle

Posted by: paine | Link to comment | April 09, 2008 at 04:35 PM

paine says…

m. shannon

“obscurity” ????

now that one stumps me

compressed
telegraphic

sure

but obscure …..not hardly

i guess its maybe harder
to read

straight down the page

then i think it is

but alas
i can't change

like most long term affectations

perhaps

its a form of protective coloration

who knows after all these years

btw at
the blog site

“stop me before i vote again”

my mate and editor mj smith

at least conventionalizes my posting formats

u might see if they are less obscure

Posted by js paine at 08:16 PM

We all know, by now, that we live in a nation that has an industrial platform that is like the island of atlantis…on its way to the bottom.

Once the home of a mighty factory system, the envy of all the world, we now live off Asian-sourced industrial imports, and worse yet we purchase them with what amounts to trade credits .

these days…we're on the worlds tab …

and to think the reward for this ..this what ???…this .. post industrial process is the grim protracted spectacle
of 10 million decent paying manufacturing jobs

simply rolling off the left coast cliff of north america into the Pacific ocean, to wash up —manned by fiddle dee diddled

“low wage substitutes ” on the far shores of asia .

well My fellow Americans, welcome to the world …..
that James Earl Carter, the Wotan of the peanut belt, brought us.

Yes, 'twas during the watch of a Democrat the fatal blow was struck — a member of the very same party that brought us the new deal
the party that rescued America's production system

from its own financial toxins and way way back when …in the days

our Johnny “air pirate” McCain was still shitting his short pants.

genesis:


Recall the one piece we still collectively retain from back in those jimmy carter years — at least what's still in our mainstream media's living memory — it was an age of homolitic sweaters and well ….wild, raging, highball expressing inflation.

in fact By the midterm fraggulation election of '78 it was very very clear to all prudent Dembots that “something had to be done about this ” and done quickly before we turned nto ….what….maybe a size 60  argentina  …. 

and as is only to be expected from a frugal fundy type guy
jimmy turned to the age old Conventional wisdom for his remedy :

apply the credit brakes, and apply em hard baby and long …

and sure enough folks …the credit brakes were duly applied.

But did we really really need to? could we have gone another route ??? instead of summarily crushing the production system
with a sharp financial inflow contraction

could we have engineered a serious formal reconfiguration

… a novel breakthrough in social design ?

Instead of the heavy dose of good old cod liver oil we got,
could we have actually instead

morphed the system, sublated the bidness world as we knew it,

and headed off toward a far far better place and time?

In any case, we didn't.

instead of perpetual prosperity
instead of the yellow brick road …

We got the Volckerdaemmerung

and the rest is but a gathering misery.

here's the story ….

the ur tale :

 Deepsighted as usual, Father Smiff dubbed our hero Fafner, the giant co-builder of Valhalla, and eventual dragonic keeper of the golden Ring.

Indeed the tale of our hero one paul double x Volcker has a Wagnerian similitude to it
— not like that long-measure, open-measure,

Rhine-flows-on theme at the beginning

of Das Rheingold.

More like the the ring

of ten thousand sledges

or whatever it is in this case(*),

blamming away at industrial America,

hammering it into a million shivers

— but I digress.

leave it at this for now…. My real point is quite anti-Wagnerian.

dramatis personae :

hero

At left, that's our hero , tall Paul, the master of the pythonic credit hold, right there in a group shot of hi-fi outlaw regulators taken not too long ago.

He's the big one in the middle, next to Alan of Green Bubbles.

Take a moment to savor his oafish countenance.
This bastard put our credit system

into the most vicious figure 4 submission hold

since george marshall saved all the free institutions

in western europe from george orwell 

anti hero :

We at the same time had a shrewd dwarf,one Abba Lerner,
shown left, a very small woody allen of a man

with a very big and probably complete answer to our inflation  fevers 

If Jimmy C had only listened to abba,
instead of allowing that jumbo Princetonian dolt

to crush the credit dynamo

indeed it was driving

the  wage/profit spiral 

causing it to wind its way ever higher up

the infinite price pole

if only that good souled well intened god fearing man jimmy 
had said “no not this time no slaughter of the innocence ..this time

this time we'll not slam the economy into a hell of a time out

nope …the age-old way is not my way… not the human rights way

….premeditated mass jobicide is a crime against humanity too 

this time no credit constrictor

golly if i listen to this banker's ivy league buffle bag here

and let him have his head …why he'll  squeeze the system so tight it'll knock the pips out of tumbling dice in Las Vegas

but he didn't say that or think that or dream that
no jimmy did it paul's way and brought on, with the inevitablity of a Teutonic curse, and by the very intricate concatenations of its own internal workings….

the doom of American manufacturing.

and to think the very different and renewing “market ” design modifications  …the novel alternative mechanism
was there  ready to rock and roll…as complete at birth as minerva herself 

ripe for immediate full force implementaion 

right off the old dwarf's drafting board

let me repeat myself ..its a lammentation after all 

Instead of destroying industrial America
in order to save what is ultimately

nothing but a spontaneously generated

functionally parasitic elaboration

we could have said ”devil …take the hind most”

to our “cutting edge” private hi fi wired corporate system

and listened to the shrewd little immigrant keynesian economist

and rigged up a new-model industrial economy

— and in short,fairly cheap order, too —

one able to chug along in substance much as before
but without what the wild untamed only contained price level and all the conflicts we've coward b4 all these years

—- that is up until now * ——

ever since the Volckerdaemmerung its been
a miserable dispensation for the wage class a dispensation

full of technical moth-holes and periodic policy-driven brownouts and, most of all, just what the shrewd dwarf most wanted to end, our chronic underutilization of existing productive capacity — a state of affairs so costly in lost output, it puts off our planet's return to Eden for  generations ….

The alleged antagonist of this opera
but in fact its godot is one lord NIARU master of the ”non-inflation-accelerating rate of unemployment

a barrier to incresaed output beyond which lies the rampant stallions of inflation

the barrier sometimes get called

the “natural” rate of unemployment for short

well citizens there's nothing fuckin' natural about it at all 

We can't even see it It's spectral,
apart from the Fed's fearful fingerpointing into the void ahead

its a nullity

beyod the merlins' doomstruck cry of “Watch out! we're nearing the barrier

Unemployment is getting too low! Wages are about to take off

the barrier will be burst inflations herd free to stampede…unless we …… 

Crunch goes the credit pump !

Year in and year out this unemployed reserve capacity sits idle — like its a pit of shit under the job tree — its there
producing a drag on output 24/7

— a block to any broader based prosperity.

Dare I say it — for the majority of us,
it's a ball an chain slowing our pursuit of happiness itself.

———

The system supposedly demands this of us all, in order to curb its own inherent tendency toward a wage/profit spiral, a sudden cobra out of the basket act, waiting just beyond X% of unemployment. For the avoidance of this, we accept serious “secular production slack” — millions of idle hands and thousands of idle machines — as if it were a technical limitation of any flexible innovative production system.

But if Jimmy'd listened to dwarf Abba back then —— we coulda ended all that, and even more wonderfully, ended all the episodic doses of RJD (rapid job destruction) required to curb the wagery appetite for a ”real ” raise beyond the reach of the presently possible

“Natural rate of unemployment!” indeed

One time in the late 90's, skipper Greenglue actually took us down below the taboo limit. Why didn't we see it as the moment a weird corporate-imposed self-serving superstition burst apart right before our eyes?
No, unstead …it was treated as a flukey miracle, later explained by the merlins of wall street by the vagaries of this spectre's shifting taboo zone.

It wasn't a parting of the Red Sea,but it was the clinton second term miracle prolly telling us we had reached another cataract …but that's another story

 ps
It's quite amazing to me how most of the time we don't even notice the waste of it all …all this non-production that might have been

all the jobs all the …security

and why ???

well we this missed  output must be sacrificed…. to protect and preserve…the integrity of “the corporate system”.

And it's even more astounding to me that on the few occasions when we the people are forced to stop and to notice—-when we're thrown into RJD mode by the fed —— we act like a 60-year-old man suddenly noticing the effects of his chronic fatigue syndrome and calling it “just my age”.

————-

*That would be the Nibelungs' leitmotif on the descent to Nibelheim, Owen. See below. — Ed.

Posted by pinky at 02:32 PM

J.G. Ballard ????

” wrenched worlds”

“hollowed-out psychological landscapes”

i don't read
ballard sci fi

its for wised up

pimpled tech pimps

its beatnik junior high

story lines are for rabbits

junk the juke box

just play me some bull lee

Posted by js paine at 12:37 AM

key passage

“The Chinese currently sell manufactured goods to the U.S. at a discount of roughly 25% relative to wholesale market prices, because they don't control many of the gatekeepers, the marketing and distribution machines that rake in the big bucks from manufactured products.”

i can't attest to the quantitative aspect (25%)

but yankee doodle inc
doubtless grabs the lions share

of the rent trap built atop

the trans pacific forex fiddle slury

the dragon gets crums or at least presents itself as getting crums

in this second of all best worlds

the tightly held trans nat hi tech transfer and spill

plus the han hands skill build by doing

more then comp

not just the polit bureau boys

but the prc's “whole people's economy”

no matter how e double deep

the low ball rmb “alien-ates “

domestic value added

thru both export

and import tnc rip offs

…
the dollar weakness

allows the euro-asians to cross the t

on

america's main battle line of trans nats

its hi fi pickins

or is it ???

the credit mills are grinding
a bit too fine these days

ah to crash figures
into figures

orwell you are a filthy drab scut !!!!

making the obvious “doubt able”
by posing two causals and calling for a pick one

we have the volume constraining
boundary of a rigid chamber

and the forced entry of air

pressure will increase inside the chamber

now
is it the walls of the chamber or the entering air

causing the increase ???

…
lets agree

use regs are rent producing

and circular collateralization credit systems
can tit twist both ways

now release themselves
from their feasible debt service moorings

at least when in “final ” full ponzi mode

and pooom

once regs are switched off …..

rule of thumb notions
(like income to debt ratios )

— usually in place to govern this process—-

are no longer a determinative prudence

not

when pass thru speeds

reach high enough velocity

to qualify as a looters highway

and every loan vehicle

becomes its own get away car

Posted by js paine at 11:45 PM

this guy is claiming
the demos can't slow the off shoring

of our high pay low skill jobs

anyway

so

face the facts

and focus on systemic cushioning and adjusting

ie

erect a more perfect losers union

yup lets march back toward
the failed policy sets

of the great society

welfare cushions and adjustments

oh yes the dagon of it all
the god of

all folks all jobs all the time

will be worshipped still

but not by creating a job max low skill market

thru macro policy

but by

a direct war on this new poverty

a systemic poverty

—like the last one—-

created by the job effects

of ” economic change”

where once it was
the massive century long contraction

of the work force in agriculture

now its

the contraction in the unskilled

work force in manufacture

good part

” We already have most of these policies ” in place

all we need do is
make em adequate to the task

now facing the nation's policy elite

just bump up

” … coverage, funding, and coordination ”

more hand out
baskets of grub

and

jobs of straw for us piggy-ites

Posted by: paine | Link to comment | April 07, 2008 at 05:41 AM

paine says…
the glaring error in any analogy

between north american deindustrialization and

the vast contraction of aggy employment…

we still produce our own aggy stuff

its not the job loss its the production loss
that a national industrial policy oughta reverse

as to jobs that's a function
of effective demand management

and

of

an effective

wage /profit

price dynamics policy

“the economy and the two party system
is run by and for an elite of national traitors

hq-ed either in harvard yard

and hollywood and vine

or more compactly

right at the k street intersection

between

wall street and penn ave”

that's really not a rash line at all
is it now as all us plain folks know

this column incher is a nice demo
on the demo party

struggling to rid itself of the trans nat python by what means ?? …

by gorging on its donations …

the jobbled majority is presently
without party representation

despite the honest

intentions and contrary inclinations

of good people

Posted by js paine at 11:41 PM

btw

many including joe stiglisaurus lamb
have suggested the prc impose export taxes instead of revalue -ing the rmb

its not an altogether bad idea if you play low forex ball
and want to diddle with it some more

so the public purse not the private traders

grab the rent created by the artificially induced

over sized price gap

Posted by: paine | Link to comment | April 07, 2008 at 01:01 PM

paine says…
” attempting to control nature in the arrogant and short-sighted style we are accustomed to increases the odds that we and ours will be exposed to increasingly powerful perturbations with an increased probability of a major recycling event occurring sooner rather than later: “

the noah's ark tale
prolly had its best seller umph

back then

because of some high folly

flowing over

those early sumerian flood control projects eh ???

in my personal life
my none political life

i'm a post-humanist

a mooned over earth
staring out into space

like a death's head

appeals to the 12 year old

uber-nut in me

i just know in my 60 year old mind's gut

such a consummation devoutly to be wished
is in fact an impossibly quixotic dream

“I've decided to eat less beef as part of my drive to get in shape and lose a lot of weight”

———

the reality basis of pgl's comments are improving

good luck mate
i like pk playing global joseph

the level of social commodity storage

is an international policy decision

always opposed by powerful spec/producer type lobsters

—-storage near points of risky consumption supply
not points of plentiful production ——-

subs africa is a disgrace to the over producing north

btw the spirit of parson malthus

needn't poke

his pious prig of a snout

into this latest misery bout

rule one
its never mother nature's fault

never real demand growth never anything

but strictly policy driven dismality

swells

try to re think this…

population dynamics are trending in the zero net direction quite well in fact

no one has really declared a long range food emergency

this is not a global warming/climate change type problem

anymore then peak oil or peak water for that matter
are climate change type problems

triggering
the sublime and seductive

romance of catastrophe

ought to be save for “fictional flights “

not mixed in with the real news of the day

three winters in a row may be what we ourselves deserve
but mother nature is neither so strict or so simple

as to give us the alibi of “exceeding unseen limits “

nope we will continue to be
the sole authors

of our own misery

…
and by this i mean sole authors

as social beings

NOT mal adjusted natural beings

anne's

intercommunal failed state type wars
are indeed a proximate social cause

of local food shortages

but these wars themselves have a great game cause
just as they did when in what is now

new york the iroquois armed by the dutch

battled the hurons armed by the french

laff track primo line :

“We thought we could trick Mother Nature. But, we cannot”

its only
father time ..in the end …

that seems never

to fall for our tricks dear soul

a blunt blind fact

as day follows day follows day

u must

ever more realize

but wonder of wonders
MN often proves indulgent

we hu-caps
get to win a few tricks

now and again

from the dealers

at her casino

just enough to keep it non infernal

“What is the carrying capacity of earth? “
certainly well beyond three times the present figure

and at any rate

probably well beyond our capacity to reach it

after all
reproducing is not the only fun in life

i suspect much else well within
the range of our desires would snare us first

reproduction will never be our doom

There is currently a price bubble in a number of commodities as a flight to perceived safety.
indeed

the dollar dive vis a vis yen pound euro

needs removal from the present surge

to isolate the “real” dynamic shifts

to wax pgl
at my own risk

i so commented at pk's blog trough
i never returned to see if

the nyt elves

allowed it to go up on ….santa's site

…

jodie

“Must every generation relearn economic lessons”

there's a once and for all time set
of iron law findings J ???

not sure we got the science down quite that pat just yet

“There's no limit on growth, production,
consumption, population, …”

ken
it may have limits but no one has made a case

for the one way only crossing of the them

example ocean fishery collapse
fine but it can be regenerated

if the earth is to be our natural history museum
then i agree change is the enemy

but if the perpetual morphing ios kool with u

wehat's the cause for alarm

end of the world as we know it

means birth of a new world

we don't know

whether its a “brave” one

or not

“in tune with Nature as it relates to the second law of thermodynamics.”

to think some law
we just discovered

less then two hundred years ago

and

that provides for very large counter trends

earth sized ones even

could bring u down Mme. C

anne
as u well know

in some very hip circle's
status eating culminates

in voluntary starvation

fasting is the highest form

of civilized consumption

thus can that society's
“spiritual caste”

reconnect ” by material means ”

with its huge

involuntarily deprived

social base

anne

heat death speculations ???

how victorian

my favorite

a careful calculation by a very big science head
that the earth had only enough radiant energy

to last about 40 million years

and thus the cutting edge geologists

and evolutionists

hadn't the necessary time frame

they needed to be correct

about mother earth's many non miraculous hows

alex

when i'm
busy

playing doctor strangelove in the age of brown out

don't bother me with mere details of proof

suffice it to say

“i…. mr president…have made
some crude

but i dare say informative….

calculations”

“racial memory ???”

a mystery meat cloud shrouded
version of

…culture ..i take it

…
“natural selection means they tend to regenerate inedible species”

jelly fish uber alles !!!

okay then
like the old joke goes

i went to see the doctor
i told him

“doc my left hand hurts when ever i move it”

doc”then don't move it “

application to here

“then don't eat sea food “

…
Bad example, I'm afraid

are you really afraid …

my girl friend always sez she's hurt
when she really means angry

next time
when u catch me

in a spoon full of bull shit slinging

try

“i'm most happy

to inform u senior ass hole …”

more serious answer

to my legion of sincere … detractors

the planet is tending toward a vast park

ie we will need to stock restock fiddle and faddle

sorry virginia
but there 's no more …virginia

hari :
indeed

and the necessary

selection pressures for evolution

come in many forms

not all are innocent of intentions

not all have wonderful outcomes

as far as results wise speaking

but hey
it's somethin' new at least

as they may have said

about gas warfare

btw
a resort

to quoting chopra??

what a cruel blow
“Sometimes, playing with a net really does improve the game.”

now anne you go john donne on me

a clever figure

mother nature's laws

as a hu -cap

performance enhancing

” tennis net ”

“it has a tendency to release energy….”

choprathink??
an energy release ??

hari i guess i get u

we use to call it
precisely that

when we farted in chapel

“think we should always keep a balance between our Malthusian framed environmental concerns and our liberal-radical politics.”

liberal radical ??

moi ??

dale i guess you gave me
and my greying red guard pals

a hall pass there

the cod will return to the North Sea?

the oracle answers

the cod will return
but with three eyes and

a nice pair of hind feet

to walk apon the bottom of the sea

oh cartoon oracle
but will they taste good ???

nope …unless you prepare em right

get a barn board
butter up the board thick and nice

put the neocod sans head

on the well buttered board

bake it all

in a pre heated oven at 350 degrees

for 45 minutes

take it out

throw away the cod

and eat the barn board

…
i rejoice

in the prospect of political revolution

“bollocks, reaching it isn't the problem, by definition we will never reach it. The problem is all the wars, starvation and suffering we have to hit to prevent us reaching it.”

other than the gross britspracht exclam-a-tion
right there at the outset

i love this passage

hegel called history
the slaughter bench of …progress

well he used some spooky word for it
not progress

but one about

as close to that benthamite banality

as a double domed dutcher kin git

we marxicocals call it
“ma clio's social cleavage struggle pro-pell-er “

or for short ……” the class screw ”

well i'm all for standing parson's on their head !!!

Posted by: paine | Link to comment | April 07, 2008 at 10:48 AM

paine says…
tim b

given perhaps a still low ball forex
might not the former private sector's

export price rent capture

be here converted into tax revenue ????

i smell a right wing rat

big land holder/ wholesaler
opportunism

playing some pseudo pleb mischief

here

“the system is neither stable nor are trends generally favorable “

what is stable after all
creative destruction wise i mean

the circum solar orbits of the earth
may be beyond our frigging with at least for now

but not much else about mother earths “characteristics”

vertical ranges ?? iguana steaks …lizard meat ?

now that's green !!!!

yikes maybe those neocods
won't be so bad for dinner 2057 after all

i mean compare- ativity wise

tim

dear fellow

i hadn't a notion

you might think

the right wing rat line was aimed at you

its aimed at ….the right wing rats
conjecture -ally speaking

if any assumption crossed my mind about u iot was

'well this guy has some solid info
very interesting '

btw u bring up a very crucial point:

“Haven't you ever met anybody

who was really interested in economics,

and not just ideology? “

the “just” saves you from a no

i'll tell you this
i've prefered those who new where their politics came from and where it was leading them

and furthermore new thgere was no escape

from the ideological…not in economics

not even in the algebra

but mate lets not assume

the right or wrong side of class politics
is always easy to identify

or for that matter

always the be all of every dis-cus-sion

even if its

almost always still the end all

I thought this was supposed to be an economics forum.

Posted by js paine at 11:27 PM