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View Diary: What's Happenin'? Ship of Fools 1.3.13 (78 comments)

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  •  Good Morning (9+ / 0-)

    That Latvia story has much in it that contradicts the "success" it's being held at like the quote at the end about the lesson in Latvia is that there is no lesson and how people are going to Ireland to look for work and their unemployed rate being what our real one is at about 14%. It's kind of like China being developed. Sure marginally people are doing better if you count growth but they are poisoning each other and committing suicide and jumping our of windows working at FoxxConn factories but living standards are pretty bad. toxic waste in all their water is normal. Wages are very low; the government subsidizes a minimal standard of living to stop riots which still happen.

    Those Chinese workers have the same beaten down attitude Latvia seems to have. I guess their misery along with creative destruction in letting zombie banks fell pulled them through(and keeping their productive capacity and enough industry to catch those thrown off from the bubble unlike here) but a lot of the citizens quoted do not agree that it is a great success story because of one man's architectural firm. I'm sure there's more to the story not being told we will find out when more reputable sources look into it. The ratio is pretty terrible as far as austerity stories go in the euro and elsewhere. Some pounds of flesh can be carved out, but is that desirable? No, as Keynes said in the long run we are all dead. Screw a life of misery.

    It doesn't surprise me Yglesias is picking it up. hack. Jared Bernstein has shown his ass recently on CNBC too endorsing means testing Medicare and SS and in his shitty apology from the pressure said chained cpi is a better measure of inflation and that's BS.

    Krugman does that. he does bounce around. I guess it's good he's not attacking Steve Keen or MMT anymore and is coming around which is good. he's a little too willing to spin politically on some days though. he's getting away from the bond vigilante things and even a little bit away from the deficit dove thing. I thnk deficit doves are juts as harmful; when you talk about the deficit as a necessary evuil even, if you read my diaries, which you do, you know it's not, ti constrains you politically because it buys the story. Nope, Deficit Owls like Stephanie kelton are where it's at. Krugman is going away from that and that is good because of his readership. he's reminding people that even if there were bond vigilantes we would see a fall in the dollar, not higher interest rates, too, but it's not going to happen.

    Man you are right about what is going on in Washington as a whole. This deal is not honky dorry and it will get worse in tow months with the debt ceiling no matter how anyone wants to spin it. I was up all night writing my last diary. I am proud of it despite the Aholes but it's a way of life dealing with them here and I'm used to it. It's just frustrating to be mocked after taking the time to read and write about issues with the concern that is explained and validated and being called a poopyhead and nener nener nener. As if Michael, Hudson and L. Randall Wray, serious academics(better than Krugman IMO though I respect him). I can't imagine their childish denials and antics would go well in a debate at the levy Institute.

    So anyway I was up all night writing, took a nap, woke up at night, and my schedule is messed up so I am here. That's one good thing.

    Boehner is in a lot of trouble for being an ass in the states he probably raises the most money especially from NY. I'm with Chris Christie there, too. What an ass.

    Anyway, thanks you for listening to this long comment. I usually don't write this much. :-)

    I don't negotiate grand bargains with deficit terrorists!

    by priceman on Thu Jan 03, 2013 at 06:34:41 AM PST

    •  Latvia facts the NYT missed (5+ / 0-)

      They should read Social Europel Journal. Usually the words shouldn't be too big for the NYT staff to understand.


      The proportion of Latvian households having ‘great difficulty in making ends meet’ jumped from 13 per cent in 2008 to 24 per cent in 2010/2011. Those ‘at-risk-of-poverty’ rose from 33.8 per cent of the population to 40.1 per cent over the same period.[4] These increases in both material deprivation and economic insecurity are occurring in a country that is notable for its lack of a comprehensive social security system. The 2008-2010 recessions triggered some emergency social safety net measures, such as a public works programme, but the government appears reluctant to perceive them as part of a long term and comprehensive social protection system.[5]  The government will find it difficult to meet the Europe 2020 strategy of increasing the employment rate to 73 per cent of the work-force and reducing the numbers in at-risk-of poverty or in social exclusion by 121,000.[6]

      Mihail Hazans, Latvia’s leading labour economist, has issued the apocalyptic warning that the country faces a ‘demographic disaster’. The Latvian population has been shrinking steadily in recent years. This is expected to continue reflecting a combination of high emigration, falling birth rates and rising death rates.

      Hazans claims that 80,000 Latvians – equal to 3.7 per cent of the pre-crisis population – left Latvia between 2009 and 2011 for better economic opportunities abroad reinforcing previous trends of high emigration. More importantly, the emigrants are typically young and skilled with the consequence that Latvian society is experiencing a ‘brain drain’ and ageing at a faster rate than the rest of the EU


      "George RR Martin is not your bitch" ~~ Neil Gaiman

      by tardis10 on Thu Jan 03, 2013 at 06:53:49 AM PST

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    •  Hey (4+ / 0-)
      Recommended by:
      priceman, allenjo, aliasalias, ek hornbeck

      sorry I missed that diary yesterday, priceman.  I have read more diaries and engaged in the comment threads more in the past two weeks than in the past year.   I used to be very active on dkos especially in the comment threads and I loved engaging.  But that slowed down when the witch hunts started a couple of years ago and I then narrowed the areas where I chose to engage... I don't feel like getting into it that much at the moment but I know that you know what I mean.  

      But I feel so strongly about this fiscal scam and austerity that I commented at a much higher rate than I have for at least a year now.  Plus we're on vacation so I was distracted by other things.  Next week I'll be back in more of a normal routine, so I'll catch your diaries more often.  

      Great comment, btw.  I'm sure we'll all be having a lot more conversations about all of this in the coming months.  There is a hell of storm coming.  And the witch hunts have started again (not that they ever stopped but in the past couple days has reached a level of vicious absurdity, especially the latest shit stirring McCarthy imitator.

      "Justice is a commodity"

      by joanneleon on Thu Jan 03, 2013 at 07:46:54 AM PST

      [ Parent ]

      •  It's all good. I know what you mean, joanneleon... (3+ / 0-)
        Recommended by:
        aliasalias, joanneleon, ek hornbeck

        and you are usually there in some fashion. I'm glad you get to enjoy a vacation.

        Right now is a serious time; a serious propaganda effort all around, serious wool being pulled over the public's eyes to our demise. A serious witch hunt going on as you say. It shows disdain for what really matters as those that dare speak out against these deals are personally attacked. I think more people are awake than during the election though. Now is indeed the time to be more engaged so I understand.

        I can only write one a week which is needed which vents my frustration and they are hard to write to make that frustration palatable to readers. Sometimes I would just prefer a string of obscenities given all the sellouts in this ongoing fecal cliff as Lambert Strethner calls it.

        Good. You will be ready for this storm by then and it will be bad but it's important to engage it. It keeps me up sometimes. Ahh, yes. The McCarthy witch hunts are in overdrive in addition to the smear campaign that you cannot ever change your mind on anything even a little bit which is what I heard in my last diary, too.

        Thank you, joanneleon. :-) I don't know when what I read will pop up in my mind but I try to piece things all together. You always have a lot to think about in these WH which is good. Sometimes I have to just save them and read them later because it's a lot of material, but I like that. It definitely helps.

        I don't negotiate grand bargains with deficit terrorists!

        by priceman on Thu Jan 03, 2013 at 08:08:42 AM PST

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    •  like I said yesterday I put your diary on FB (2+ / 0-)
      Recommended by:
      priceman, ek hornbeck

      and I stayed as long as I could in the comment section but I had a scheduled 'throat procedure' to go to and when I got back I was too grogged out to check out the diary. Then the next thing I knew it was this morning.

      without the ants the rainforest dies

      by aliasalias on Thu Jan 03, 2013 at 11:58:32 AM PST

      [ Parent ]

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