The market rebound. Now they are saying that the market was overdue a
correction. What rubbish. When they dont know our experts drag out the
correction word. A code for we dont know.
Karl Carlile
Communism Site:
http://homepage.eircom.net/~beprepared/
h ... correction has a pretty precise meaning in this context, which
technical analysis bores like me would agree is overused, but was probably
appropriate in this case.
The point is that part of the reason for the fall was that there had been
short selling. By yesterday, the shorts had
PM may risk euro vote within a year
Patrick Wintour, chief political correspondent Thursday July 25, 2002 The
Guardian
Tony Blair has suggested that he is willing to risk a referendum on the
euro in this parliament, even if he begins the campaign with the pro-euro
cause seriously trailing in
Sé: If the world economy is heading to a period of deflation, then I'm
not convinced that the sort of spend that Brown has promised will be
sufficient.
Karl: I cannot subscribe to your argument. Even if Brown were to increase
state spending by a putative sufficient amount it would not
ORIGINAL COMMENTS:
1) Hari Kumar wrote: Personally, I think a spade should be called a spade - finding
a new term for it is redolent of a white-wash! Quoth he: A Rose by any other
name...
2)REPLY FROM J:
. However what we have to deal with today is mostly neo-liberal reformism
The Financial Express
Unocal Inks MoU With Major Firms For Natural Gas Supply
Prasanna Upadhyay
Mumbai, July 23: California-based natural gas and oil exploration major,
Unocal Corporation has signed a memorandum of understanding (MoU) with
various companies in the northern belt of India for
WSJ, July 25, 2002
A 91-Year-Old Who Foresaw Selloff
Is 'Dubious' of Stock-Market Rally
By JON E. HILSENRATH
Staff Reporter of THE WALL STREET JOURNAL
LEXINGTON, Mass. -- In a well-manicured Boston retirement community,
Charles P. Kindleberger has watched the stock-market turmoil unfold
Doesn't the term market correction (rebound) work like the description of
the Middle East peace process -- suggesting a hope rather than
information?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
The passages presented from Marx Critique of the Gotha Program are rich in content, as is his method or form of presentation.
What has been presented thus far, does not exhaust the scope of the content of the Gotha Program, however. In the previous configuration of history what has thus far been
Title: RE: [PEN-L:28468] Charles P. Kindleberger
The Dutch tulip bubble offers another example of how these cycles have
played out. It started with the development of exotic new breeds of tulips
and was fueled by a booming Dutch economy. At its height, investors traded
land, houses, farm
Michael Perelman wrote:
Doesn't the term market correction (rebound) work like the description of
the Middle East peace process -- suggesting a hope rather than
information?
No. As DD pointed out, a correction is a move counter to the larger
trend. A correction in a bull market is a downdraft
Devine, James wrote:
does anyone know anything about the following book?
-
Book Description for Peter M. Garber, _Famous First Bubbles: The Fundamentals of
Early Manias_:
I refer to the book [well, the articles on which the book was based] in a section of a
new
Devine, James wrote:
does anyone know anything about the following book?
-
Book Description for Peter M. Garber, _Famous First Bubbles: The
Fundamentals of Early Manias_:
The jargon of economics and finance contains numerous colorful terms
for market-asset prices at
Title: RE: [PEN-L:28474] Re: RE: Charles P. Kindleberger
I know of any grounds for believing that rationality is the norm in speculative markets.
shouldn't there be a not in there somewhere?
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-
In a message dated 7/24/02 9:08:42 PM Pacific Daylight Time, [EMAIL PROTECTED] writes:
I know that government spending has been a major factor in maintaining
demand, but now the state governments are in deficit and will prepare
major cutbacks.
Any idea about how much of a factor that will be?
h careful ... the finance academics who believe that technical analysis
is literally nonsense, the equivalent of astrology, are very much the old
guard, and are clinging to the principle in the face of mounting evidence
that there is something to it. Andrew Lo and Craig McKinlay of MIT have
For people who are interested, here is a one-day offer. I have an
excellent pdf article (not mine) which I can share with interested
people. This is a one day offer only.
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax
Rob Schaap wrote:
G'day all (perhaps especially Ravi),
There was a bit of indignation in parts European when KPNQwest went
under, as parts of their Ebone operation (referred to as 'internet
backbone') were duly shut down.
Why won't this happen to WorldCom's UUNet (also referred to as
everyday i hear/read pundits (financial analysts, market analysts,
MBAs, consultants, commentators, etc) speak forth on the stock
market collapse caused by the tech bubble that we (as they say)
all fell prey to. but iirc it was they that created the bubble
and assured us that it was justified.
Title: RE: [PEN-L:28479] market socialism -- an offer
I'd like to see this pdf file.
(For some reason, I can't correspond with Michael directly.)
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-
From: Michael Perelman [mailto:[EMAIL
Title: The Invisible Robert Rubin (and Enron)
from SLATE:
chatterbox
The Invisible Robert Rubin
He's in Citigroup's upper management. Why don't the scandal stories say so?
By Timothy Noah
Posted Wednesday, July 24, 2002, at 2:53 PM PT
Monday's New York Times story alleging Enron-related
At 12:52 PM 07/25/2002 -0400, you wrote:
everyday i hear/read pundits (financial analysts, market analysts,
MBAs, consultants, commentators, etc) speak forth on the stock
market collapse caused by the tech bubble that we (as they say)
all fell prey to. but iirc it was they that created the bubble
Pardon if others have already seen this, but I am shocked that their
argument partly includes the position that However, the increase in the
government deficit, due to the loss of Social Security tax revenues
during a transition period, can lead to serious financial problems.
They argue that if
- Original Message -
From: ravi [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, July 25, 2002 9:52 AM
Subject: [PEN-L:28481] Re: RE: Re: Re: RE: Market correction
everyday i hear/read pundits (financial analysts, market analysts,
MBAs, consultants, commentators, etc) speak
Do we have to promise not to discuss it on Pen-L?
-Original Message-
From: Michael Perelman [mailto:[EMAIL PROTECTED]]
Sent: 25 July 2002 17:43
To: [EMAIL PROTECTED]
Subject: [PEN-L:28479] market socialism -- an offer
For people who are interested, here is a one-day offer. I have an
http://www.gcgf.org/docs/Global%20Investor%20Opinion%20Survey%202002.pdf
At 07:33 AM 07/25/2002 +0100, you wrote:
The market rebound. Now they are saying that the market was overdue a
correction. What rubbish. When they dont know our experts drag out the
correction word. A code for we dont know.
Karl Carlile
Communism Site:
http://homepage.eircom.net/~beprepared/
Marta Russel has recently documented the fact that CA's shortfall will
affect $$ for health care. I thin ZNet ran that article a few weeks ago.
Joanna
At 09:08 PM 07/24/2002 -0700, you wrote:
I know that government spending has been a major factor in maintaining
demand, but now the state
Crying bubble
is the easy way out, Garber says, preferred by those who believe
individuals are not to be trusted in determining the value of markets -
Greenspan's famous irrational exuberance is a perfect
example. But without the kind of speculation seen today and, yes, in
1636, there would be no
Title: Sokal (verb)
What's a sokal?
Alan Sokal is a physicist who embarrassed the post-modernist journal SOCIAL TEXT by getting them to publish total nonsense that he'd written (about reality not being real, etc.) It seems that their editorial board simply assumed that because Sokal was a
Devine, James wrote:
What's a sokal?
Alan Sokal is a physicist who embarrassed the post-modernist journal
SOCIAL TEXT
Sokal has now joined with ex-Social Text'er Bruce Robbins in a
campaign to get American Jews to sign a petition critical of Israeli
policy. Times change
Doug
At 02:12 PM 07/25/2002 -0400, you wrote:
Sokal has now joined with ex-Social Text'er Bruce Robbins in a campaign to
get American Jews to sign a petition critical of Israeli policy. Times
change
Doug
Are you serious?
Joanna
joanna bujes wrote:
At 02:12 PM 07/25/2002 -0400, you wrote:
Sokal has now joined with ex-Social Text'er Bruce Robbins in a
campaign to get American Jews to sign a petition critical of
Israeli policy. Times change
Doug
Are you serious?
Completely. They had a big ad in the NY Times the
At 24/07/02 09:40 -0400, Louis Proyect wrote:
Chris Buford:
But it is not the case that there is nothing in the EZ that conforms to
the progressive interests of working people, just because it is a victory
for the ruling class. For one thing they generally appreciate the
benefits of a large
That is a confident statement considering it is hard to prove a negative.
Lenin wrote a lot.
Chris Burford
Actually Lenin was quite specific on questions that are extremely germane
to that under discussion:
On the Slogan for a United States of Europe:
But while the slogan of a republican
Stung by Jim's e-mail about Adelphia's hypocricy, the WSJ today
reports
that the company will now allow sexually explicit material to be
broadcast.
The paper forgot to credit Jim.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail
http://www.eurasianet.org
IMF AGENDA LIKELY TO PREVAIL IN POST-ELECTION TURKEY
Mevlut Katik: 7/25/02
A EurasiaNet Commentary
Ailing and forced into lame-duck status by a restive parliament, Turkish Prime
Minister Bulent
Ecevit shot back at his country's financial markets on July 25 by
Could some one direct me to good, solid critiques of Shiva's position?
Thanks. Anthony
Anthony P. D'Costa
Associate Professor Ph: (253) 692-4462
Comparative International
I'd like to see a copy, too.
Christian
Title: RE: [PEN-L:28486] Baker and Kar on SS
Mat writes:
Pardon if others have already seen this, but I am shocked that their
argument partly includes the position that However, the increase in the
government deficit, due to the loss of Social Security tax revenues
during a transition
Devine, James wrote:
What's a sokal?
Alan Sokal is a physicist who embarrassed the post-modernist journal
SOCIAL TEXT
Sokal has now joined with ex-Social Text'er Bruce Robbins in a
campaign to get American Jews to sign a petition critical of Israeli
policy. Times change
How so? He
Title: RE: [PEN-L:28498] victory for Jim D.
Michael Perelman writes:Stung by Jim's e-mail about Adelphia's hypocricy, the WSJ today reports that the company will now allow sexually explicit material to be broadcast.
The paper forgot to credit Jim.
--
Michael, I thought that we'd agreed
Devine, James wrote:
speaking of which, I know that size doesn't matter, but how is my font
showing up?
it could use some viagra.
--ravi
- Original Message -
From: ravi [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, July 25, 2002 2:29 PM
Subject: [PEN-L:28505] Re: RE: victory for Jim D.
Devine, James wrote:
speaking of which, I know that size doesn't matter, but how is my font
showing up?
it
Justin Schwartz wrote:
How so? He always said he was on the left. He was just one of them
flat headed scientific realist leftist types, like one V.I. Lenin and
and K. Marx. Not to mention moi, and since I didn't don't say I did. jks
Alan Sokal has nothing in common with Lenin or Marx on
Devine, James wrote:
speaking of which, I know that size doesn't matter, but how is my font
showing up?
ravi replied,
it could use some viagra.
Or maybe some verdana?
Tom Walker
604 254 0470
I thought Garber was an attempt to reply to the rise of behavioral finance
explanations like those of Shiller and Kindleberger but instead it seems to
rest on rather dubious distinctions about uncertainty and risk that I think
are all attempts to justify entrepreneurial return (i.e. where does
Doug wrote:
The U.S., Japan, and the EU are all relatively closed economies, with
imports only around 10% of GDP. The leakage argument is overdone.
Probably you are right about that, I am biased probably because I lived in
economies heavily dependent on foreign trade and sensitive to foreign
Hi Sé
Sé: I think that I have clearly demonstrated the first argument to be true.
With
limitless or *sufficient* state intervention, an economy will expand - that
afterall is quite obvious.
Karl: If, as you seem to suggest, there cannot be limitless state
intervention then it makes no sense to
That was beaut, Ravi!
As for Worldcom's chances - UUNET might ultimately get 'em through, but
it seems it all depends how much corporate clientele they lose in the
(very) mean time.
Many thanks,
Rob.
hi rob,
i will attempt an answer to some of your questions. yes, if uunet
ceases to
Doug Henwood wrote:
Sokal has now joined with ex-Social Text'er Bruce Robbins in a
campaign to get American Jews to sign a petition critical of Israeli
policy. Times change
No change, Sokal certainly was along side Social Text all along, he
must have loved those guys in the first place
Justin Schwartz wrote:
Sokal has now joined with ex-Social Text'er Bruce Robbins in a
campaign to get American Jews to sign a petition critical of Israeli
policy. Times change
How so? He always said he was on the left. He was just one of them
flat headed scientific realist leftist types,
At 07:29 PM 07/25/2002 -0400, you wrote:
It's not Page Six material, like Justin Timberlake's flirtations with
Christina Aguilera, which has Britney all in a rage.
Are you the father of a pre-teen?
Joanna
The Hindu
Thursday, Jul 25, 2002
Russia worried by U.S. film onslaught
By Vladimir Radyuhin
MOSCOW JULY 24. The Russian Government and filmmakers are concerned over the
domination of Hollywood movies in the Russian cinemas, where Russian films
account for a paltry seven per cent. Russia
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