Guest Posted June 3, 2004 Report Share Posted June 3, 2004 . . . . . . . . . .www.filmnight.org/images/oneflew May 30, 2004 -- If you think your office is an insane asylum, you may not be too far off. Joel Bakan, a professor at the University of British Columbia who teaches corporate and commercial law and is the author of "The Corporation: The Pathological Pursuit of Profit and Power," contends that modern corporations act like psychopaths. The operating principle of a corporation is to serve its own self interest above all others, Bakan said. This principle is so ironclad that if a corporation . . . Link to comment Share on other sites More sharing options...
Isle of View Posted June 3, 2004 Report Share Posted June 3, 2004 . . . . . . . . . .www.filmnight.org/images/oneflew May 30, 2004 -- If you think your office is an insane asylum, you may not be too far off. Joel Bakan, a professor at the University of British Columbia who teaches corporate and commercial law and is the author of "The Corporation: The Pathological Pursuit of Profit and Power," contends that modern corporations act like psychopaths. The operating principle of a corporation is to serve its own self interest above all others, Bakan said. This principle is so ironclad that if a corporation . . . Why stop at corporations? In my view, these psychopathic traits are evident in any large bureaucracy, either private or public that is not directly accountable for it's actions. Consider the IRS. Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2004 Report Share Posted June 3, 2004 Dawn of Correction Or Eve of Destruction? Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Isle of View Posted June 3, 2004 Report Share Posted June 3, 2004 Was there any particular bit of news that spooked the markets in Asia? Link to comment Share on other sites More sharing options...
Idumpdaily Posted June 3, 2004 Report Share Posted June 3, 2004 . . . . . . . . . .www.filmnight.org/images/oneflew May 30, 2004 -- If you think your office is an insane asylum, you may not be too far off. Joel Bakan, a professor at the University of British Columbia who teaches corporate and commercial law and is the author of "The Corporation: The Pathological Pursuit of Profit and Power," contends that modern corporations act like psychopaths. The operating principle of a corporation is to serve its own self interest above all others, Bakan said. This principle is so ironclad that if a corporation . . . I"ll bet a buck,err 50 cents, half a cigarette Link to comment Share on other sites More sharing options...
GregFokker Posted June 3, 2004 Report Share Posted June 3, 2004 Was there any particular bit of news that spooked the markets in Asia? ECB just left rates unchanged as expected. Link to comment Share on other sites More sharing options...
Hypertiger Posted June 3, 2004 Report Share Posted June 3, 2004 Debt inflationary growth in the US is weakening...The US exports debt inflation, the #1 export... If the US does not export enough then the external markets deflate...Also if Wall Street is deflating then external markets are sold to prop Wall Street... Or AL just ain't printing enough moola... Or maybe Oil is too high... Link to comment Share on other sites More sharing options...
BeerMarket Posted June 3, 2004 Report Share Posted June 3, 2004 jobless claims 339,000, exp was 335,000 unit labor costs up .8% Link to comment Share on other sites More sharing options...
cyclist Posted June 3, 2004 Report Share Posted June 3, 2004 Was there any particular bit of news that spooked the markets in Asia? ECB just left rates unchanged as expected. Not sure that mattered much for Asia Intel may reduce high end of sales forecast came out last night but I doubt that was it either Link to comment Share on other sites More sharing options...
orvack Posted June 3, 2004 Report Share Posted June 3, 2004 Debt inflationary growth in the US is weakening...The US exports debt inflation, the #1 export... If the US does not export enough then the external markets deflate...Also if Wall Street is deflating then external markets are sold to prop Wall Street... Or AL just ain't printing enough moola... Or maybe Oil is too high... "Yesterday, I included items about the Fed booming the broad money supply at a phenomenal annualized rate of 22%. What's the Fed thinking? I'm going to answer that. I believe the Fed's fighting the global forces of DEFLATION. I think that Greenspan is afraid that the American consumer is "tapped out," and that consumers are very close to cutting back on their spending. The Fed's defense against a "disastrous" consumer cut-back is to keep asset inflation going. The American consumer's real wealth is not in stocks -- it's in their homes. Over 60% of US families now own their own homes. If the price of homes caves in, that would be ominously deflationary. It would be worse than a stock market collapse. The fear of a consumer cut-back in spending, I believe, is Greenspan's worst nightmare. And that is why Greenspan is "exploding" the money supply. In effect, Greenspan is battling the forces of deflation. Rising oil and gasoline prices are simply increasing the cost-of-living for consumers. Consumers are up to their eyeballs with debt, they are saving very little, stocks are overvalued, home prices are ridiculously overvalued, the stage is set for deflation. Greenspan must know it. His defense -- open the money spigots wide, wider, and still wider. With this unbelievable increase in the money supply, gold should be "going through the roof." It's not happening, and that's an indication of the current global power of deflation. The world monetary super-bubble is straining. Somewhere ahead it's going to burst." - Russell, yesterday http://www.dowtheoryletters.com Link to comment Share on other sites More sharing options...
BeerMarket Posted June 3, 2004 Report Share Posted June 3, 2004 more of the fine reporting we've come to expect - BBY reports sales for the Q, says demand for digital cameras is "strong", sales up low double digits as were several other categories: Best Buy First-Quarter Comparable Store Sales Increase 8.3 Percent somehow in the summary article, that becomes "soaring demand": Best Buy quarterly same-store sales up 8.3 pct now if they wanted to single out one category, they might have mentioned that MP3 player same store sales were up triple digits! Link to comment Share on other sites More sharing options...
The brown one Posted June 3, 2004 Report Share Posted June 3, 2004 Doc,from whence cometh the story about the FED ballooning the money supply?I thought that your charts says they ain't. Link to comment Share on other sites More sharing options...
orvack Posted June 3, 2004 Report Share Posted June 3, 2004 Jul.'04 CRUDE OIL, ACCESS 40.35 +0.39 Oil-gold ratio is out of whack Tim Wood '02-JUN-04 00:10' GMT ? Mineweb 1997-2004 "The ratio of the price of oil to the price of gold has been a matchbox valuation guide for the hydrocarbon economy as much as the price of good suit was a gentleman's benchmark in an era when horsepower was literal. The price ratio has recently gone beyond normal bounds and that has some investors musing about a catapult for gold assuming things must revert to the mean and since nobody is forecasting cheaper oil anytime soon." http://www.mineweb.net/events/conferences/...igc/oilgold.htm Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2004 Report Share Posted June 3, 2004 As much as I respect Russell, the Fed's actions of the past few months, while aggressive, have been no more or less aggressive than at any time over the past year, remaining withing the same growth band the entire time. The growth rate in the Fed's assets is only 40% of the growth rate of 2001-2003. The idea that the Fed is doing anything different in recent months is not true. The growth in M3 is due to other factors. Link to comment Share on other sites More sharing options...
orvack Posted June 3, 2004 Report Share Posted June 3, 2004 What happens when the OPEC pumps at full capacity, crude is over 40$, and a terrorist attack happens ? OPEC to Lift Output to Ease Oil Price "OPEC's new deal is likely to mean about another million barrels a day of real extra crude on world markets. Saudi and the United Arab Emirates, the only two countries with significant spare capacity, have already started delivering those additional volumes. Others in OPEC are at, or close to, full capacity" http://www.reuters.com/newsArticle.jhtml?t...storyID=5334469 Link to comment Share on other sites More sharing options...
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