Daily Digest

Daily Digest 8/26 - How Downsizing Can Change Your Life, Financial Engineering Can Save The World, Bernanke's Full Speech

Friday, August 26, 2011, 10:22 AM
  • East coast earthquake: How will you survive the apocalypse?
  • Can Downsizing Increase Your Quality Of Life?
  • Andrew Lo: Financial Engineering Can Save The World
  • Full Bernanke Speech: Nothing Now, But Wait For Sept 20 FOMC Meeting Which Has Been Extended To "Allow Fuller Discussion Of Tools"
  • Geologists Sharply Cut Estimate of Shale Gas

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Economy

East coast earthquake: How will you survive the apocalypse? (David B.)

Financial collapse, and now an earthquake? Is this really happening? Not surprisingly, a growing sector of the population feels that, yes, the apocalypse is well on the way and they’re taking every precaution to be ready for it.

Can Downsizing Increase Your Quality Of Life? (Coley H.)

The takeaway here is important: “Downsizing” doesn’t necessarily have to mean a hit to your lifestyle. With a little creativity and innovative thinking about what a home actually should be, it’s very possible that downsizing can increase your quality of life in ways you never imagined.

Andrew Lo: Financial Engineering Can Save The World (adam)

Some say that mathematical models and computer simulations can't really be blamed for the current mess we're in—that it was essentially an error of human judgement.

Full Bernanke Speech: Nothing Now, But Wait For Sept 20 FOMC Meeting Which Has Been Extended To "Allow Fuller Discussion Of Tools" (June C.)

This morning I will offer some thoughts on why the pace of recovery in the United States has, for the most part, proved disappointing thus far, and I will discuss the Federal Reserve's policy response. I will then turn briefly to the longer-term prospects of our economy and the need for our country's economic policies to be effective from both a shorter-term and longer-term perspective.

Energy

Geologists Sharply Cut Estimate of Shale Gas (VeganD)

Accurate estimates are important for lawmakers who are making long-term decisions about subsidies and policies relating to the nation’s energy mix. They are also essential for landowners and investors as they decide where and whether to lease their land to drillers or invest in gas companies. Some market analysts say that the large differences between public estimates for natural gas resources provide further evidence that there may be more risk and uncertainty involved with gas drilling than many investors realize. Amid growing questions about the administration’s research, Howard K. Gruenspecht, the agency’s acting director, appeared before Congress in July to reiterate that, despite some uncertainties, his agency’s estimates were accurate.

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8 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Ruhh's picture
Ruhh
Status: Gold Member (Offline)
Joined: Nov 12 2008
Posts: 259
Zero Hedge

Anybody know what happened to the ZeroHedge website? It's been down for days now.

earthwise's picture
earthwise
Status: Platinum Member (Offline)
Joined: Aug 10 2009
Posts: 848
Ruhh wrote: Anybody know
Ruhh wrote:

Anybody know what happened to the ZeroHedge website? It's been down for days now.

It's working for me. Yesterday too. However for the prior past few weeks I couldn't log on at all after repeated tries. Then all of a sudden--success. Ghosts in the machine I guess.

SailAway's picture
SailAway
Status: Gold Member (Offline)
Joined: Aug 11 2010
Posts: 404
Re: Zero Hedge
Ruhh wrote:

Anybody know what happened to the ZeroHedge website? It's been down for days now.

No it's up and running Ruhh. It might me something wrong with your computer. Earthwise had the same problem a couple of weeks ago, not sure if he has been able to solve it.

 

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1892
ZeroHedge Has Been Up All This Time
Ruhh wrote:

Anybody know what happened to the ZeroHedge website? It's been down for days now.

ZeroHedge been up all this time. I visit every day, multiple times per day.

You may have a problem with your security software, browser, proxy server, domain name server, and/or internet service provider.

http://www.zerohedge.com/

Try the IP Address if perhaps it is a domain name server issue.

http://178.209.47.206

Poet

jumblies's picture
jumblies
Status: Silver Member (Offline)
Joined: Jun 13 2010
Posts: 244
Ruhh wrote: Anybody know
Ruhh wrote:

Anybody know what happened to the ZeroHedge website? It's been down for days now.

Yes, I've found that the site is often slow and occasionally my browser tells me the site isn't responding. This has nothing to do with any security software nor is my network/equipment faulty. I've had this from work and from home. They did upgrade their servers recently so perhaps some of them (no idea how many they have) are misconfigured whilst others are fine.

I just keep refreshing and eventually it works.

 

doorwarrior's picture
doorwarrior
Status: Silver Member (Offline)
Joined: Oct 13 2009
Posts: 166
Ron Paul hatchet job

 

Candidate of Doom and Gloom

Note to voters: Congressman and presidential candidate Ron Paul's multi-million investment portfolio is a big bet against the U.S. economy.

Barron's is trying to make Ron Paul look anti-american in a new editorial.  They must really be geting worried about his chances next year to resort to this level. At least the media is not ignoring him anymore. Check out the comments, almost every one is in support of Ron Paul and his beliefs.

http://online.barrons.com/article/SB50001424052702303822904576516114289723344.html#articleTabs%3Darticle

Rich

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
New model for Ben.

I dont have the fortitude to read the whole of Ben Bernanke's speach. It should come with an abstract.

My understanding of the situation is that their Keynsean model is a dud and they are going through a crisis. What to do next?

The banks cannot release the QE money into the wilds because it will decrease the value of their assets. The loans that they have made. They might be toxic, but they are all that the banks have got.

Ben thought of charging interest on the money held by the banks to prod them into letting it free. The banks told Ben that they disapproved and he must go away and think of something else.

Somebody must have Ben by the short and curlies or he would have resigned by now. All too hard.

Let me try and second guess Ben, just for fun.

  • How about a letter drop of money to the citizens? Nope. Inflationary, Bad for the banks.
  • Grovel in front of Beijing? Nah. The Chinese are bored with American IOU's.
  • Gold backed money? (how much physical does Fort Knox have?)
  • Take to the bottle.

Somehow he has to get real money out to the debt holders so that they can pay the banks. And then wot? Real money? I guess I mean real wealth. Cardboard McMansons are not real wealth.

New paradigm for Ben to consider. Real wealth is free. It is free clean air. Food that grows on trees. Fishes that swim. Sunshine that warms. Fresh mountain water.

And why take ye thought for raiment?
Consider the lilies of the field, how they grow;
they toil not, neither do they spin:

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