View from The Ships Crow's Nest >>>>>

A graph of Fed borrowing: click here to view in full Whoops! : May 2008 : Ambrose Evans-Pritchard : Business : Telegraph Blogs : "Posted by Ambrose Evans-Pritchard on 29 May 2008 at 18:42 Tags: Economy, Debt, borrowing, Alan Greenspan, Federal Reserve This is helicopter policy already. It is what happens when the Fed manouvres itself into such a dire position that it has to invoke the "unusual and exigent circumstances" clause of the Federal Reserve Act (Article 13, 3). Sadly, we must all put a clothes peg over our nose and accept this debasement. The alternative outcome for free society would be worse. Greenspan has a lot to answer for..." Norton's comment: Non-bank borrowing recently open to investment banks etc., allows trading mortgage backed securities (worth junk) at face value for treasury securities...so called temporarily; however, now there is talk of making this mechanism and new regulations long term or permanent. Most banks are still carrying thes...

The Next American Revolution and Long-term Stock Market Cycles: : Politics / Cycles Analysis May 30, 2008 - 03:08 PM by: Clif_Droke " Revolution = radical change in lifestyles The bottoming of the 120-year Master Cycle always brings about revolution. The first revolution since the founding of our nation in the 1770s was political in nature. The second revolution, when the last 120-year cycle bottomed in the 1890s, was industrial. The third revolution when the current 120-year cycle bottoms next decade will probably be a social one. As Kress has stated concerning the final “hard down” phase of his 120-year cycle, “There's the potential for Big Brotherism to get worse and we'll probably see the U.S. becoming more socialistic as our standard of living deteriorates... As the 120-year cycle bottoms in 2014, so does its 60-year cycle half component. The 60-year Kress cycle sometimes (though not always) coincides with K-wave bottoms and is known as the market Super Cycle. The las...