tag:blogger.com,1999:blog-4102429195693595750.post3720339195512323818..comments2024-02-24T19:10:00.395+02:00Comments on Sudden Debt: Suspended AnimationHellasioushttp://www.blogger.com/profile/03564511281240682625noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-4102429195693595750.post-50951192908423972332008-02-15T21:18:00.000+02:002008-02-15T21:18:00.000+02:00It is technologically possible to build any number...It is technologically possible to build any number of systems that will give us cheap access to space. I've been working on this since 1979.<BR/>You think you've got pricing problems for housing now...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-11330015285062008932008-02-15T05:02:00.000+02:002008-02-15T05:02:00.000+02:00America acting like Japan? If I take the meaning ...America acting like Japan? If I take the meaning of the word "acting" literally, not a chance, anonymous san. We are an unruly bunch here in the U.S. and there will be civil unrest like they never saw in Japan where everyone behaves.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-15317819107939200552008-02-14T15:03:00.000+02:002008-02-14T15:03:00.000+02:00Sue,As the Credit crunch advances, money will just...Sue,<BR/><BR/>As the Credit crunch advances, money will just not be there anymore. Two years t-bill close to zero, yes, but the longer maturities straight up! Steepener is the long term bet to make.drakehttps://www.blogger.com/profile/11116849610380452174noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-67044954842850385842008-02-14T02:50:00.000+02:002008-02-14T02:50:00.000+02:00For those that advocate a mass exodus to space...I...For those that advocate a mass exodus to space...I'd surely love to go, but the price is high. It costs (roughly) $5000 per pound of payload. If you weigh about 170 lbs, that's almost a million bucks to get you into space, never mind all the rest of the gear you'd need in order to survive there, e.g. a "house", a "farm" and some "factories" and also some "materials". <BR/><BR/>It's going to be a while, I think, before the human race inhabits space.<BR/><BR/>Meantime, have you given any thought to how many people you might convince to .. ahem.. refrain from breeding, if you had $1MM to spend?<BR/><BR/>---------<BR/>Speaking of suspended animation, the political process sleepwalks forward...but Wait! Obama has announced that he understands that people want specifics from him, not just hope (although that's a good start). He's mentioned that <I>Economic Plans</I> are forthcoming.<BR/><BR/>Anyone care to take a fling at what his "Plan" is going to be?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-7515787479227875072008-02-13T23:07:00.000+02:002008-02-13T23:07:00.000+02:00dink:RE Vegans only ?Not so sure about that.O'Neil...dink:<BR/><BR/>RE Vegans only ?<BR/><BR/>Not so sure about that.<BR/><BR/>O'Neill envisioned huge structures, over a mile across with artificial gravity, lakes, streams, farms, clean manufacturing etc. A self contained ecosystem along the lines of the "Biosphere" experiment in Arizona.Keenanhttps://www.blogger.com/profile/12688238140382533518noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-18613649802445176332008-02-13T22:44:00.000+02:002008-02-13T22:44:00.000+02:00Love to see a post on where you think the dollar i...Love to see a post on where you think the dollar is heading. Personally I think bond yields are on their way to zero.Suehttps://www.blogger.com/profile/04111234538405395151noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-35550188407719358782008-02-13T22:17:00.000+02:002008-02-13T22:17:00.000+02:00"Markets seem to be in suspended animation mode, z..."Markets seem to be in suspended animation mode, zipping and getting zapped by a variety of relevant and irrelevant newsbits, rumors and wishful expectations. The latest were Mr. Buffet's offer to assume the monolines' municipal bond insurance books"<BR/><BR/>Warren Buffet, an ambulance driver who arrives at the scene of an accident only to take away the healthy people....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-13078930838957647432008-02-13T21:22:00.000+02:002008-02-13T21:22:00.000+02:00Re: Space colonies- Sign me up. I assume only vege...Re: Space colonies- <BR/>Sign me up. I assume only vegetarians need apply?<BR/><BR/>Re: Suspended animation-<BR/>Freezing foreclosures and propping up the insurers all to hold off the fire sale of homes which would allow the assets to be revalued (which will be the wake up call you referred to, Okielawyer). If banks weren't also covering up true delinquency rates, it seems a virtual model could be created tracking delinquencies to probable foreclosures to probable sales price to effect on market value by ZIP code back to MBS value..bah too complicated. Suppose I'll just have to wait patiently instead of trying to figure out the ending.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-84970040805435662292008-02-13T21:11:00.000+02:002008-02-13T21:11:00.000+02:00Going against nature is part of nature too.Love an...Going against nature is part of nature too.<BR/><BR/>Love and Rockets<BR/><BR/>Jason BAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-44717319895199687362008-02-13T20:59:00.000+02:002008-02-13T20:59:00.000+02:00Hellasious: RE: Resource depletionIn the mid '70s ...Hellasious: <BR/>RE: Resource depletion<BR/><BR/>In the mid '70s Princeton physicist Dr. Gerard O'Neill along with colleague Freeman Dyson proposed the building of new habitat in the form of space colonies fabricated from lunar material or asteroids. <BR/><BR/>The economic justification included construction of orbiting solar power stations which were envisioned to beam electrical power to the surface via microvave transmission. Engineering studies were performed by Peter Glasser at the Arthur Little Corporation and featured in Aviation Week & Space Technology Magazine. <BR/><BR/>The idea briefly so captured the imagination that it was featured in the American Bicentennial edition of the National Geographiic Magazine in an article written by Isaac Asimov. I believe it was the return of cheap oil that dried up the enthusiasm. <BR/><BR/>Search "Gerard O'Neill", "Space Colonies" and "The High Frontier". <BR/><BR/>The human race survives only if it expands into space and creation of new habitat is the first step. Now may be the time to revive the idea.Keenanhttps://www.blogger.com/profile/12688238140382533518noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-65068597361504642832008-02-13T20:35:00.000+02:002008-02-13T20:35:00.000+02:00H. Buffers!! Now this is not a topic for the Gre...H. Buffers!! Now this is not a topic for the Great Unwashed! Good analogy though.<BR/><BR/>I saw this on Market-ticker.denninger;<BR/><BR/>"... the Fed has been aggressively draining the SOMA account, with the pace of that drainage stepping up precipitously since December."<BR/><BR/>Is this significant at this time?<BR/><BR/>Brian PAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-34128115753549925072008-02-13T20:04:00.000+02:002008-02-13T20:04:00.000+02:00fat_tail_rider,What the analysts you named really ...fat_tail_rider,<BR/><BR/>What the analysts you named really have in common is - without Wall Street as it's currently configured their "meal ticket" is worthless.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-3365986243953045962008-02-13T19:45:00.000+02:002008-02-13T19:45:00.000+02:00maybe even super-saturated solution, where one lit...maybe even super-saturated solution, where one little input will begin a self-perpetuating cascade.<BR/><BR/>Jason BAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-36657237556338386732008-02-13T17:50:00.000+02:002008-02-13T17:50:00.000+02:00About resource depletion:THE subject. In resource...About resource depletion:<BR/><BR/>THE subject. In resources I also include habitable environment, which is 100% related to other resources such as oil, coal,etc. whose use and depletion proportionately degrades the environment. As I have said b4, The Era of Permagrowth is over.<BR/><BR/>It's time to scale down to sustainability, and do so quickly, because I have a growing suspicion that the Earth's natural ability to "buffer" human over-activity is running out. <BR/><BR/>Remember your chemistry? Buffered solutions? Look them up... <BR/><BR/>Regards,<BR/>H.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-47243604310808726012008-02-13T17:41:00.000+02:002008-02-13T17:41:00.000+02:00fat_tail_rider, I am wondering exactly same thing,...fat_tail_rider,<BR/><BR/> I am wondering exactly same thing,<BR/>I am curious what is the opinion of our dear host on this matter?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-66150472373750181252008-02-13T17:40:00.000+02:002008-02-13T17:40:00.000+02:00Yes I agree that America is acting just like Japan...Yes I agree that America is acting just like Japan and probably will for the next 10 to 20 years, at least we have a pretty good idea of what to expect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-26165239098694514422008-02-13T17:18:00.000+02:002008-02-13T17:18:00.000+02:00I'm amazed at how many analysts I consider pretty ...I'm amazed at how many analysts I consider pretty savvy - Calculated Risk, John Hussman, Eric Janszen, John Mauldin, Martin Hutchinson - are in the shallow recession or stagflation camp. All of these guys saw the credit crunch and market correction coming yet now seem to think the consequences will be muted. One trait they share in common - resource depletion is either not on their radar or not taken as a serious threat. Meanwhile on Bubble Television this morning (aka CNBC) was a gushing piece on the explosive growth in private jet sales. Apparently a Marquis Jet card has become the latest must-have status symbol for Wall Street's million-dollar-bonus babies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-64834484558048403922008-02-13T14:54:00.000+02:002008-02-13T14:54:00.000+02:00How long before municipalities and state pension f...How long before municipalities and state pension funds realize that they have a grave revenue shortfall on their hands? <BR/><BR/>How long before they have to inform their employees (and the taxpayers) that their retirement fund is almost worthless?OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-87702394026954785712008-02-13T14:03:00.000+02:002008-02-13T14:03:00.000+02:00Americans were very loud and righteous in their ad...Americans were very loud and righteous in their advice to Japan over 10 years ago, and telling that any delaying would just make things worse on the long run. It would appear that advice is so much easier to give than take. We are still in the first inning, this will go on for a long time!drakehttps://www.blogger.com/profile/11116849610380452174noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-52430101402054270192008-02-13T10:12:00.000+02:002008-02-13T10:12:00.000+02:00After that farce in January, I guess the Fed feels...After that farce in January, I guess the Fed feels it cannot further strain its credibility via another unscheduled ('emergency') rate cut, so <B>ridiculous</B> measures -- like this freeze on foreclosures and the Buffett news -- serve, or are used, to prop up the equity markets until the next Fed meeting. It is hard to understand how anyone -- e.g. "investors" -- could take what we heard yesterday seriously enough to buy on the news; but this is the spin you hear.Anonymousnoreply@blogger.com