Comments on: The Smell Of Coffee http://baselinescenario.com/2009/02/27/the-smell-of-coffee/ What happened to the global economy and what we can do about it Sat, 26 May 2012 23:20:02 +0000 hourly 1 http://wordpress.com/ By: Billy Jones http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5134 Sun, 01 Mar 2009 04:16:56 +0000 http://baselinescenario.com/?p=2717#comment-5134 hsg,,,,europe has been a simple minion to our bad habits….shame on them for not recognizing…..faith is inevitable

]]> By: HSG at MIT http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5133 Sun, 01 Mar 2009 03:57:36 +0000 http://baselinescenario.com/?p=2717#comment-5133 I think there is a lot of wisedom in the ‘it always takes longer than you think…’ concept. Its amazing all that we know but this doesn’t seem to help us.

One of my classmates from France commented yesterday…that the Obama plan was not going to save Europe…and that he soon expected to hear Sarko reaching out…“Obi Wan Germany, you are our only hope!”

I can only imagine how well that is going to go over.

]]> By: Top Posts « WordPress.com http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5126 Sun, 01 Mar 2009 00:49:15 +0000 http://baselinescenario.com/?p=2717#comment-5126 [...] The Smell Of Coffee The late Rudi Dornbsuch of MIT had a way of cutting to the chase, preferably in public and with a minister of finance [...] [...]

]]> By: Jim Pivonka http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5105 Sat, 28 Feb 2009 18:53:27 +0000 http://baselinescenario.com/?p=2717#comment-5105 I recall that young woman in Texas who was driving through a storm, and praying, but skid and hit a tree. A med evac helicopter came to pick them up. Later she said the next thing she remembered was waking up in the dark and the rain, alone, with bones sticking out all over, and realizing the ‘copter had crashed, and wondering if she would be rescued again.

A parable for out times?

]]> By: Billy Jones http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5103 Sat, 28 Feb 2009 18:17:20 +0000 http://baselinescenario.com/?p=2717#comment-5103 …….:(

]]> By: Sarah Jordan http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5097 Sat, 28 Feb 2009 16:33:03 +0000 http://baselinescenario.com/?p=2717#comment-5097 Why don’t we just admit it. Nobody I mean nobody knows the depth of the problem we are trying to to solve. I see absolutely no way that we can prop up what we have to work with now if nobody took the time to look at what they are buying in the first place. They have absolutely no idea of what is good or what is bad. We just need to scrap this whole mess and start clean.

]]> By: Jas http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5088 Sat, 28 Feb 2009 13:25:18 +0000 http://baselinescenario.com/?p=2717#comment-5088 Why are we trying to drive through this storm with the same drivers who couldn’t keep it between the ditches under much better conditions? I hope somebody is praying.

]]> By: d4winds http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5081 Sat, 28 Feb 2009 11:33:08 +0000 http://baselinescenario.com/?p=2717#comment-5081 recognition of the inevitable–and of the fraudulent –has not been a strong suit of the banks thus far; the governments have steadfastly served as enablers of their ostrich mentality. Thanks for the link & comments.

]]> By: Billy Jones http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5048 Sat, 28 Feb 2009 01:55:49 +0000 http://baselinescenario.com/?p=2717#comment-5048 ………..:)

]]> By: Kiers http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5046 Sat, 28 Feb 2009 01:45:28 +0000 http://baselinescenario.com/?p=2717#comment-5046 great…coffee won’t do it…bring on the SMELLING SALTS!!!!! OUCH.

]]> By: Billy Jones http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5045 Sat, 28 Feb 2009 01:26:05 +0000 http://baselinescenario.com/?p=2717#comment-5045 maybe,,,maybe not…..i believe not but do we deserve it?

]]> By: Robert Sharpless http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5043 Sat, 28 Feb 2009 01:03:13 +0000 http://baselinescenario.com/?p=2717#comment-5043 Option#4 People say”F@!k it, and start looting en masse. Example: Medford Oregon in local nightly news cast showed live coverage of home foreclosures where the occupants simply walked away and put signs up saying come in and get whatever you want. These homes were cannibalized for everything from carpeting, light and plumbing fixtures to stome mason and pool artifacts.

The contraction is a reset for decades of socially engineered capitalistic consumption brainwashing to run up debt to offset stagnant non-realistic COLA’S wages which is now tapped out leaving the banks holding the bag on a global bais since globalization caused the world to follow suit on our living model to consume.
We have no history of this phenomena to create models but human nature will give yoy reasonable conclusions and that is mass rage.

]]> By: polit2k http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5036 Fri, 27 Feb 2009 23:26:11 +0000 http://baselinescenario.com/?p=2717#comment-5036 Hungarians feel force of economic storm
http://news.bbc.co.uk/1/hi/business/7916042.stm

]]> By: Jim Pivonka http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5034 Fri, 27 Feb 2009 23:01:55 +0000 http://baselinescenario.com/?p=2717#comment-5034 They are going to unwind, or be taken off the books in some way. The instruments which they “cover” include many which are fraudulent. The true values cannot be determined because the institutions which traded them do not even have copies of the paper on which they are based.
http://www.huffingtonpost.com/william-k-black/the-two-documents-everyon_b_169813.html

]]> By: Jim Pivonka http://baselinescenario.com/2009/02/27/the-smell-of-coffee/#comment-5033 Fri, 27 Feb 2009 22:54:31 +0000 http://baselinescenario.com/?p=2717#comment-5033 The stuff under the CDS overhang is bad debt. Bad in the sense of fraudulent. I don’t see how it cannot unwind.

We don’t want to support bad derivatives made up from fraudulent debt instruments. We don’t want those bad bank assets. Here are two weblinks that will tell you why:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/09/IN5BTNJ2V.DTL
Interest rate ‘freeze’ – the real story is fraud – December, 2007 – 2007 is correct.

http://www.huffingtonpost.com/william-k-black/the-two-documents-everyon_b_169813.html
Another article on Fraud in these investments and how that fraud makes the value of the derivitaves indeterminate, and invalidates “stress tests”

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