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TheUSeconomythatisrunninglargelyonacreditcycleneedstoacceleratecreditexpansioninordertomaintainstabilityandmoveforward.Pleaseremember,I’mreferringtotherealeconomyhere,nottheworldoffinancialmarkets(specificallyequities).Forthattohappen,thecreditproductionengineneedstoberestartedandaccelerated.Andthatmeanscollateralvaluesneedtobetrusted,oratleastobtainableinamarketquote,notthat“models”haveshownth...[阅读全文]
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Whydopeoplecomplainsomuch?smokey
NEW10/10/20078:58:18PM Wheneveroneventuresoutintomasshumanityonemustrealizethatourculture'sfavoriteverbalpastimeistocomplain.
Anditdoesn'treallymatterwhatpeoplecomplainabout.
Itisalmostlikecomplainingisagameinwhichonemustfindmoretocomplainaboutthanhiscoffeeorbeermatehastocomplainabout.
Th...[阅读全文]
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(2007-10-10 23:07:33)
zt道德底线在哪里?  国人一向自认是世界上最文明,最讲道德的国家,所以中国人的道德底线也高的惊人。孟子说:“杨氏为我,是无君也。墨氏兼爱,是无父也。无君无父,是禽兽也。”杨氏仅仅主张“为我”,墨子仅仅主张“兼爱”,就被孟子斥为“禽兽”。可见我们的道德底线几乎是人性的最高点——毫不利己专门利人,鞠躬尽粹死而后已,舍身取义杀身成仁,这些[阅读全文]
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FederalGovernmentSpendingReport
~ASummary~
byMichaelW.Hodges,Author
GrandfatherEconomicReport
October9,2007(TheGrandfatherEconomicReportisaseriesofreportsexaminingeconomicconditionsfacingfamiliesandyouth,
comparedtopriorgenerations.ThisisthesummarypageofthechapteronFederalGovernmentSpending.
State&LocalGovernmentSpendingiscoveredinaseparatechapter)FY2006FederalGovt...[阅读全文]
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(2007-10-09 22:35:02)

龙应台:十八岁那一年
 你在电话上喘气,刚刚赛完足球进门。晚上要和朋友去村子里的酒吧聊天。明天要考驾照。秋假会去意大利,暑假来亚洲学中文。你已经开始浏览美国大学的入学资料。
  “可是,我完全不知道将来要做什么,”你说,“M,你十八岁的时候知道什么?”
  安德烈,记得去年夏天我们在西安一家回民饭馆里见到的那个女孩?她从[阅读全文]
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1)IagreetheFedhasnotbeenaddingliquidity,andhavesaidasmuch.
2)Whileitisnotpatentlyfalse,Ibelievethisviewpointmisleading:
Mysecondobjectionisthatthestockmarketisnotsomeballoonintowhichmoney“flowsinto”or“outof.”Everypurchaseismatchedbyasale.Everysaleismatchedbyapurchase.Stockpricesmovebecausethebuyerismoreeagerthanthesellerorviceversa.Apurchasedoesn'tputmoney“into”themarket,nordoesasale...[阅读全文]
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Asyoucansee,therearetwonoticeablespikes,in1929andin2000.Butmostofthemovementinstockpricesishiddenbychangesinthevalueofthedollar(deflationinthe1930sandinflationinthe1970s).Correctforafluctuatingdollar,asinthenextchart,andyouseeawholenewpicture.[阅读全文]
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(2007-10-08 22:03:18)

Assets,GDPandDebtIhavebeensayingadnauseamthattheUSeconomyhasbecomeincreasingly"asset-ized"and"financial-ized".Aquickwaytojudgeifanassetclassisbecomingovervaluedagainsttheeconomy'sabilitytoproducegoodsandservicesistoexaminethetotalvaluethatassetsrepresentvs.GDP,sowithoutfurtheradohereareafewcharts.
First,thetotalvalueofstocksandRealestatevs.GDPfortheUS.
Data:FRB,WorldFederationofExchanges阅读全文]
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严家伟:“爱国”愤青的丑恶表演——女足世界杯观后女足世界杯已在9月30日晚曲终人散了。虽然早已是明日黄花的“铿锵玫瑰”,在既不“铿锵”也无芬芳中流泪退场,但德国、巴西、美国姑娘们精湛的球艺和顽强的风格,仍可使国人大饱眼福,一睹为快。毕竟四年才这么一次,而且竞技体育,应是一门极具观赏性的体艺表演,没必要去和什么“民族”,“爱国”扯在一起[阅读全文]
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“人权”在中国如何被误读为“生存权”
发布者yq在07-10-0609:20
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人权的评价在中国的社会语境中常常被诠释为动物层级的生存权,所以,有关人权与政治关联的表述都被设定在生存和安全这种最基本的"活命权"选项之[阅读全文]
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