Archive for inflation

The Governement Bubble – National, State, Local…

Posted in Uncategorized with tags , , , , , , , on December 21, 2012 by highboldtage

Here are a couple of reposts from HighBoldtage Mar. 2010:

The Government Bubble:

It turns out that the bubbles that we have recently experienced – housing, derivatives, banking, insurance, stockes and so on were not just economic bubbles.  It appears that there was also a bubble in government at the same time, and this bubble is now bursting.

California is the poster child for this, with recent furloughs and i.o.u.s for state payments, but this week Los Angeles is starting to lay off 4,000 employees.  Cities all over California are beginning to downsize, along with school districts and transportation systems.  It looks like before it is over a hundred thousand or more government workers in California will soon be unemployed and the ripple effects of that will be immense, particularly in Sacramento.  Also heavily impacted will be the small rural counties like Humboldt where government payrolls account for 30% or more of the local economy.

The Federal government has its own bubble to deal with, with out of control deficit spending it will be unable to bail out the states.  The states will be unable to bail out the cities and counties.  You are on your own.  The Bubble Government is bursting.

have a peaceful day,


The Government Bubble in Humboldt County

There is one trend that is unmistakable in Humboldt County government:  It has gotten more expensive very quickly, at least as quickly as those dastardly insurance rates.  In just four years, county expenditures have gone up 41%, more than 10% per year.  How does that stack up to your personal experience, Joe Six Pack?

To put this nicely, if the county government increase had been limited to roughly the official inflation rate (lets say around 3%) then the county expenditures exceed that now by some $60,000,000 per year, and rising.  It is possible that Humboldt County residents are getting $60,000,000 worth of services now from their county government  that they didn’t get in 2004.  If so please inform us.  It is also possible that we are paying a lot more for the same thing we were getting in 2004.

Why the Greek rescue isn’t going to plan

By Mohamed El-Erian

Published: April 7 2010 15:53 | Last updated: April 7 2010 15:53

It should be apparent to all by now: despite the rhetoric out of some European capitals, the Greek rescue package is not going according to plan.

Buoyed by a cyclical recovery, markets around the world have yet to recognise the complexity of this situation. When they do, it will also become apparent that Greece is part of a wider, and historically unfamiliar phenomenon – that of a simultaneous and large disruption to the balance sheet of many industrial countries. Tighten your seat belts.

Mohamed El-Erian is chief executive and co-chief investment officer of Pimco

Copyright The Financial Times

San Jose Voters to Decide On $10.00 Minimum Wage

Posted in Uncategorized with tags , , , , , , , on June 12, 2012 by highboldtage

In a unanimous decision Tuesday, the council approved putting a minimum wage ordinance on the Nov. 6 ballot. If approved, the minimum wage would rise from $8 to $10 an hour, with annual increases tied to the consumer price index, the San Jose Mercury News ( reported.

Read more:

Poll: Where will the U.S. economy be in 12 months?

Posted in Uncategorized with tags , , , , , on June 20, 2011 by highboldtage

Poll:  Where will the U.S. economy be in 12 months?

or on polldaddy:

Belarus Devalues Its Rouble by 36% Overnight

Posted in Uncategorized with tags , , , , , , , , on May 23, 2011 by highboldtage

Perhaps the conditions below sound familiar?

via BBC News:

“Belarus has cut the official value of its currency against the dollar by 36%.

Loss of competitiveness is only one reason for the deficit, which has risen steadily over the past five years.

The Belarus government directed banks to lend heavily to boost the economy in recent years.

And Russia has raised the price that Belarus must pay for oil and gas imports, from their previously heavily subsidised levels closer towards the international market price.”


Billion Price Project Shows Inflation Surge

Posted in Uncategorized with tags , , , on April 25, 2011 by highboldtage

Truckers Protest in Shanghai China 卡车司机抗议在上海

Posted in Uncategorized with tags , , , , , on April 21, 2011 by highboldtage or:,or.r_gc.r_pw.&biw=1345&bih=562&wrapid=tlif130341027491610&ie=UTF-8&ncl=dIqRB_jWTWQUPzMFINY6dY8Ioq43M&ei=ZnawTd-ZLonDgQfSoN2HDA&sa=X&oi=news_result&ct=more-results&resnum=1&ved=0CCwQqgIwAA




via Reuters By Royston Chan and Carlos Barria

SHANGHAI (Reuters) – A two-day strike over rising fuel prices turned violent in Shanghai on Thursday as thousands of truck drivers clashed with police, drivers said, in the latest example of simmering discontent over inflation.

由陈和Carlos Barria罗伊斯顿
上海(路透社)- 比燃料价格上涨为期两天的罢工演变成暴力周四在上海与警方发生冲突,数千名卡车司机,司机说,在对通货膨胀的不满情绪一触即发的最新例子。|zh-CN|By%20Royston%20Chan%20and%20Carlos%20Barria%0D%0ASHANGHAI%20(Reuters)%20-%20A%20two-day%20strike%20over%20rising%20fuel%20prices%20turned%20violent%20in%20Shanghai%20on%20Thursday%20as%20thousands%20of%20truck%20drivers%20clashed%20with%20police%2C%20drivers%20said%2C%20in%20the%20latest%20example%20of%20simmering%20discontent%20over%20inflation.%0D%0A%0D%0A

Hundreds of angry truck drivers blockaded Shanghai’s Baoshan port yesterday as part of a three day strike against rising fuel prices and higher handling fees charged by the port.

Entrances to the docks were blocked, preventing the pickup and receipt of containers, and the windows of trucks belonging to other drivers who refused to take part were smashed by protesting drivers.


在码头入口处被封锁,防止皮卡和集装箱后,和卡车的窗户属于谁拒绝参加抗议的司机被打碎其他司机。 or 

google news search 卡车司机抗议在上海: or:,or.r_gc.r_pw.&bih=562&biw=1345&fp=bfb625bf4459d1f2&hl=en&ie=UTF-8&rls=gm&tab=wn&tbs=nws:1&um=1
Two drivers involved in protests, said about 2,000 truck drivers in Shanghai Waigaoqiao port to a nearby intersection and baton wielding police clashed.


The Greatest Financial Con of All Time

Posted in Uncategorized with tags , , , , , , , , , , , , , , on July 11, 2010 by highboldtage

“If the goal were to encourage “investing” while reining in the sort of speculations which “earn” hedge fund managers $600 million each (no typo, that was the average of the top 10 hedgies’ personal take of their funds gains), then all unearned income (interest, dividends, capital gains, rents from property, oil wells, etc.) up to $6,000 a year would be free–no tax. Unearned income between $6,000 and $60,000 would be taxed at 20%, roughly half the top rate for earned income. This would leave 95% of U.S. households properly encouraged to invest via low tax rates.

Above $60,000, then unearned income would be taxed the same as earned income, and above $1 million (the top 1/10 of 1% of households) then it would be taxed at 50%. Above $10 million, it would be taxed at 60%. Such a system would offer disincentives to the speculative hauls made by the top 1/10 of 1% while encouraging investing in the lower 99%.”


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