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Reilly
Mountain climber
The Other Monrovia- CA
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Nov 16, 2016 - 03:05pm PT
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The job of Reserve Banks ought be to reduce the risks of bubbles
You need to read Robert Shiller's Irrational Exhuberance. Bubbles are primarily caused by, wait for it, irrational exhuberance! You can't fix stoopid and monetary policy can't prevent it. It may even abet it sometimes.
BTW, want to protect your trade? Do like Germany and make stuff people REALLY want like Mercs and Porsches!
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Reilly
Mountain climber
The Other Monrovia- CA
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Nov 16, 2016 - 03:25pm PT
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GCF, the Chinese will pay anything for a Merc or a Bentley. They pay a
huge VAT over there so the Germans don't have to be terribly efficient
price wise. Much of their other export stuff is more reasonably priced
and still would be if the Euro were to devalue to par with the dollar,
which it probably will within two years. The Germans insist on quality
and efficiency, we only insist on efficiency. ;-)
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eeyonkee
Trad climber
Golden, CO
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Nov 16, 2016 - 03:39pm PT
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One thing that we all should have a hard time with Trump going forward is the idea that truth (and honesty) doesn't matter -- only winning does. I'm sorry, but the Chinese did not invent climate change. It's that kind of stuff that should be hard for reasonable human beings to stomach.
I want a president who reads books.
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HighTraverse
Trad climber
Bay Area
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Nov 16, 2016 - 03:57pm PT
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All I have to say to the Trump voters is be careful what you ask for. You just might get it.
Talking with Obama he had the total deer in the headlights look.
How COULD so many men and women vote for someone who is morally sub-standard, unread, belligerent, wishy washy (he's already turned around on several of his higher scoring campaign promises) and short tempered? Whose first answer for every obstacle or dislike is to threaten a lawsuit? Who has screwed thousands of workers on his projects and in his casinos. He's by no means a clever businessman, he's just a business bully with expensive lawyers on retainer.
He is manifestly unfit for the job as illustrated by his temperament and complete ignorance of the job requirements, especially in foreign policy.
As for the Republitard congress morons, they've brought this upon themselves by their complete obstructionism in the past 6 years.
Given that he is manifestly unfit, who is really going to be making the decisions? Think about it.
It's going to be a wild ride.
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eeyonkee
Trad climber
Golden, CO
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Nov 16, 2016 - 04:13pm PT
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Well said, HighTraverse!
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Escopeta
Trad climber
Idaho
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Nov 16, 2016 - 04:17pm PT
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How COULD so many men and women vote for someone who is morally sub-standard, unread, belligerent, wishy washy (he's already turned around on several of his higher scoring campaign promises) and short tempered?
The same way they voted for a community organizer that had never done an honest day of work in his entire life.......
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thebravecowboy
climber
The Good Places
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Nov 16, 2016 - 04:19pm PT
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“There has been a lot of confusion" - Japanese official on trying to organize Shinzo Abe's meeting with the President-elect
This in the face of Trump's Twitterpating about the "organized" transition.
Welcome to Polarity. When you hear "up" it actually means "down"
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Reilly
Mountain climber
The Other Monrovia- CA
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Nov 16, 2016 - 04:47pm PT
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Robert L, glad to see there's at least one more person here who reads
something other than 'The Daily Worker'.
Now, back to our usual programming...
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Bob D'A
Trad climber
Taos, NM
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Nov 16, 2016 - 04:53pm PT
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All of you should read, real and true numbers.
From the CBO...https://www.cbo.gov/publication/51846
Come to your own conclusions.
You can see why the lower wage earners should revolt,maybe they did.
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c wilmot
climber
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Nov 16, 2016 - 04:54pm PT
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That new Yorker op ed's take on trumps thoughts on the Syrian conflict was anything but thoughtful
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dirtbag
climber
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Nov 16, 2016 - 04:55pm PT
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It's pretty much true. He's a Russian pawn.
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thebravecowboy
climber
The Good Places
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Nov 16, 2016 - 05:24pm PT
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Yes RL this is kinda fun in a way that watching COPS is fun. You just cannot look away
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Fat Dad
Trad climber
Los Angeles, CA
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Nov 16, 2016 - 05:29pm PT
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Given that he is manifestly unfit, who is really going to be making the decisions? Think about it.
It's going to be a wild ride. I agree. Some of his recent decisions about the cabinet and team suggest that he is not making decisions but, rather, deferring to the opinions of others.
For example, he has a list of potential Supreme Court nominees (even though the Republicans stated that they would not take action on appointing a replacement if Hillary won) that consists of a number of judges who are considered conservative to very conservative. Where did he get his list of names? The Heritage Foundation.
He is considering high level appointments, such as Rudy Guiliani, as a reward for loyalty rather than upon his qualifications, or really lack thereof.
He promised to drain the swamp of lobbyists but then selected primarily lobbyists to help him assemble his team.
More troubling clearly is the appointment of Steven Bannon. Apart from his and Bretibart's stated endorsement as a voice of the alt right, it suggests an effort to legitimize opinion based media as legitimate sources of news, particularly concerning his administration, rather than other well sourced journalistic entities such as the Washington Post. So, in one swift move, we now have a president that seems poised to control press access to information from his administration or, equally bad, cherry pick those journalist with access to it, i.e., rewarding those who report favorably on his administration. Frightening, frightening stuff.
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Gary
Social climber
Desolation Basin, Calif.
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Nov 16, 2016 - 05:32pm PT
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Reilly: GCF, the Chinese will pay anything for a Merc or a Bentley. They pay a
huge VAT over there so the Germans don't have to be terribly efficient
price wise. Much of their other export stuff is more reasonably priced
and still would be if the Euro were to devalue to par with the dollar,
which it probably will within two years. The Germans insist on quality
and efficiency, we only insist on efficiency. ;-)
Damn socialists!
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Ken M
Mountain climber
Los Angeles, Ca
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Nov 16, 2016 - 05:44pm PT
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You need to read Robert Shiller's Irrational Exhuberance. Bubbles are primarily caused by, wait for it, irrational exhuberance! You can't fix stoopid and monetary policy can't prevent it. It may even abet it sometimes.
It is a good read. I also enjoy him in person. I attended his Phishing with Phools public lecture at the London School of Economics last year.
I particularly enjoyed his, and Akerlof's talk in LA about their book "Animal Spirits". Both great speakers, both Nobel winners in Economics.
Of course, Akerlof has the advantage of being the husband of Janet Yellen.
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dirtbag
climber
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Nov 16, 2016 - 05:49pm PT
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Gcf: yep, the enablers will enable.
Crankster:
Quit talking. Act.
I agree. It's both productive and therapeutic. I was in Nevada nov. 5 through election day trying to avoid this mess, and I'm glad I did. In the coming weeks my wife and I will be deciding ways we will be active in the months and years ahead to fight this.
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Norton
Social climber
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Nov 16, 2016 - 06:43pm PT
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rottingjohnny
Sport climber
Shetville , North of Los Angeles
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Nov 16, 2016 - 06:50pm PT
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Notice Trumps hands...?
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Norton
Social climber
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Nov 16, 2016 - 06:55pm PT
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