Green Energy
- "i’m Not Scared Because I Didn’t Do Anything Wrong”
Tarik (Terry) Dehko after suing the federal govt (IRS) for RETURN of $35k seized from his grocery store account.The IRS, claiming he was purposefully trying to dodge the law which requires banks to report deposits over $10k sucked...
- Us Credit Shrinks At Great Depression Rate Prompting Fears Of Double-dip Recession
Telegraph UK: Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn). "There has been nothing like this in the USA since...
- Banks Hoarding Cash, But There's A Bull Market Coming
From 3 Wood at Jammie Wearing Fool: With all the market unrest, and the year end reporting coming up soon, it appears that banks have resumed hoarding cash to make their balance sheet look better to investors.The cost of borrowing in dollars for one...
- The Uber Market And The Free Market, Another Wonderful Chapter Brought To You By Citigroup, Merrill Lynch, Countrywide Et Al
Well it had to happen. With the headlines and angst not just on Wall Street but expressed at exit polls during the primaries we have had BEFORE this 'thing' became the gigantor of election year fears...we now have the candidates and congress...
- Load Swing Test
YESTERDAY , We made a test at our power station ( 2*350 MW - Gas/Oil Fired ) , this test is LOAD SWING TEST. This test is implies the load of the unit at 350MW , for a while . and collect our data from the unit especially the boiler and Turbine...
Green Energy
The real trickle down fallacy, the Fed creating liquidity will not help this economy as it is
More available cash for mortgage securities the Fed buys from TBTF banks who will not lend to anyone or any organization which has less than 720 credit, or some other like number (and apparently the USA no longer merits such a grade) doesn’t do a thing.
If I come up with an idea for a new software application, no bank will loan me the money to support myself while this comes to fruition no matter how great a business plan I flash. I will not be able to hire technical programmers, or data base back end SQL guys. Effect of Bernanke’s QE = 0. Cash remains in bank.
If I work with an engineer who has an idea for a piece of GEAR, and we BOTH put up our homes and have 720 credit, maybe we can create a prototype, which will then be produced in Shenzen by the modern equivalent of indentured servants. Once production goes into effect we can then lay off 90% of our design people and applied EE guys. Bernanke’s QE effect = 2 richer people, others with a job for a year, ZERO manufacturing jobs.
If I have a business making hot water heaters (maybe made in Brazil, unless you are American Water Heaters in Johnson City, TN) and the Fed increases the cash held by Goldman Sachs why would I increase production via loan from them when Bernanke’s added liquidity cannot be used by more than few homeowners to replace old water heaters, and the others cannot afford it unless it totally fails? When the number of buyers with requisite credit scores to buy new homes with new hot water heaters is too limited to justify expansion, why do anything? Let’s just reduce inventory to minimum levels.
Large businesses will NOT take a chance with their professional, ethical and legal responsibilities to their stockholders when customer demand is not there.
Small business cannot AFFORD to.
So how will Bernanke’s added liquidity stimulate demand?
This is the question the Fed should be asking. Is there any doubt why the large businesses of Wall Street, and the brokerages are happy about Bernanke’s move? More cash for them. More cash = more security. More cash = more lubrication for risk. More risk = more profit at point of sale. But what is produced? Who is benefitted?
Short term benefit for the economy can only come from CONSUMERS having the cash and temperament to spend SOME OF IT.
Long term benefit can ONLY come from real fair trade among nations whose EQUAL AND FAIR working conditions make individual productivity the competitive criterion for the location of the means of production.
So Ben, how will you put more cash in the pockets of consumers who will then feel secure enough to buy a FEW things?
- "i’m Not Scared Because I Didn’t Do Anything Wrong”
Tarik (Terry) Dehko after suing the federal govt (IRS) for RETURN of $35k seized from his grocery store account.The IRS, claiming he was purposefully trying to dodge the law which requires banks to report deposits over $10k sucked...
- Us Credit Shrinks At Great Depression Rate Prompting Fears Of Double-dip Recession
Telegraph UK: Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn). "There has been nothing like this in the USA since...
- Banks Hoarding Cash, But There's A Bull Market Coming
From 3 Wood at Jammie Wearing Fool: With all the market unrest, and the year end reporting coming up soon, it appears that banks have resumed hoarding cash to make their balance sheet look better to investors.The cost of borrowing in dollars for one...
- The Uber Market And The Free Market, Another Wonderful Chapter Brought To You By Citigroup, Merrill Lynch, Countrywide Et Al
Well it had to happen. With the headlines and angst not just on Wall Street but expressed at exit polls during the primaries we have had BEFORE this 'thing' became the gigantor of election year fears...we now have the candidates and congress...
- Load Swing Test
YESTERDAY , We made a test at our power station ( 2*350 MW - Gas/Oil Fired ) , this test is LOAD SWING TEST. This test is implies the load of the unit at 350MW , for a while . and collect our data from the unit especially the boiler and Turbine...