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"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
Scratches to Sketches
Wednesday, 29 July 2015
Africa’s Biggest Gold Deposit Becomes Burden as Prices Plunge - Bloomberg Business
http://www.bloomberg.com/news/articles/2015-07-28/africa-s-biggest-gold-deposit-becomes-burden-as-prices-plunge
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
North Dakota crude breakeven prices as low as $24/b: state agency | Hellenic Shipping News Worldwide
http://www.hellenicshippingnews.com/north-dakota-crude-breakeven-prices-as-low-as-24b-state-agency/
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
Why are Harper's Economic Policies an Unmitigated Disaster for Young and New Canadians
Harper's economic policies are in my view an unmitigated disaster over the full run of his term in office. Let me explain because it affects everyone of whatever political persuasion. Its also a direct consequence of George Bush's Economic Legacy in America.
One of the little talked about consequences of the crisis of 2008 is why economies are presently so sluggish, especially those advanced economies such as Canada. My meta analysis comes from years of advising banks and countries on economic issues and examination of what has happened since the financial meltdown and its consequences for Canadians, Brits and Americans. This is country neutral analysis that should be obvious to all, but continues to be an explanation of dynamic forces acting out bad policies in economic management. Its all in the mathematics of how economies work against large segments of their populations.
If you examine a consuming household budget you will see that generally during recessions purchases of large items such as houses and cars are deferred because nominal incomes don't support them. A pick up in the economy occurs when demand for land for housebuilding, housebuilding and homes rises. The pickup should linked in a meaningful way to rises in domestic incomes from salaries, profits and interest. But, what happens when the links are broken. What happens when the value of land bears little or no relationship to the movement of domestic incomes?
Suppose that you are a speculator, condominium builder, high rise constructor, or city home builder and you see the value of your land constant over time. What policies will you urge your central bank to implement? Why does very bad economics result?
What should be obvious to you, but is little talked about?
To be continued ...
Arthur Lake
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
One of the little talked about consequences of the crisis of 2008 is why economies are presently so sluggish, especially those advanced economies such as Canada. My meta analysis comes from years of advising banks and countries on economic issues and examination of what has happened since the financial meltdown and its consequences for Canadians, Brits and Americans. This is country neutral analysis that should be obvious to all, but continues to be an explanation of dynamic forces acting out bad policies in economic management. Its all in the mathematics of how economies work against large segments of their populations.
If you examine a consuming household budget you will see that generally during recessions purchases of large items such as houses and cars are deferred because nominal incomes don't support them. A pick up in the economy occurs when demand for land for housebuilding, housebuilding and homes rises. The pickup should linked in a meaningful way to rises in domestic incomes from salaries, profits and interest. But, what happens when the links are broken. What happens when the value of land bears little or no relationship to the movement of domestic incomes?
Suppose that you are a speculator, condominium builder, high rise constructor, or city home builder and you see the value of your land constant over time. What policies will you urge your central bank to implement? Why does very bad economics result?
What should be obvious to you, but is little talked about?
To be continued ...
Arthur Lake
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
Harper's Legacy of Heavyweight Lifelong Taxes on New and Young Generation Canadians Paid to Foreign Speculators
Harper's economic policies are in my view an unmitigated disaster over the full run of his term in office. Let me explain because it affects everyone of whatever political persuasion. Its also a direct consequence of George Bush's Economic Legacy in America.
One of the little talked about consequences of the crisis of 2008 is why economies are presently so sluggish, especially those advanced economies such as Canada. My meta analysis comes from years of advising banks and countries on economic issues and examination of what has happened since the financial meltdown and its consequences for Canadians, Brits and Americans. This is country neutral analysis that should be obvious to all, but continues to be an explanation of dynamic forces acting out bad policies in economic management. Its all in the mathematics of how economies work against large segments of their populations.
If you examine a consuming household budget you will see that generally during recessions purchases of large items such as houses and cars are deferred because nominal incomes don't support them. A pick up in the economy occurs when demand for land for housebuilding, housebuilding and homes rises. The pickup should linked in a meaningful way to rises in domestic incomes from salaries, profits and interest. But, what happens when the links are broken. What happens when the value of land bears little or no relationship to the movement of domestic incomes?
Suppose that you are a speculator, condominium builder, high rise constructor, or city home builder and you see the value of your land constant over time. What policies will you urge your central bank to implement? Why does very bad economics result?
What should be obvious to you, but is little talked about?
To be continued ...
Arthur Lake
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
One of the little talked about consequences of the crisis of 2008 is why economies are presently so sluggish, especially those advanced economies such as Canada. My meta analysis comes from years of advising banks and countries on economic issues and examination of what has happened since the financial meltdown and its consequences for Canadians, Brits and Americans. This is country neutral analysis that should be obvious to all, but continues to be an explanation of dynamic forces acting out bad policies in economic management. Its all in the mathematics of how economies work against large segments of their populations.
If you examine a consuming household budget you will see that generally during recessions purchases of large items such as houses and cars are deferred because nominal incomes don't support them. A pick up in the economy occurs when demand for land for housebuilding, housebuilding and homes rises. The pickup should linked in a meaningful way to rises in domestic incomes from salaries, profits and interest. But, what happens when the links are broken. What happens when the value of land bears little or no relationship to the movement of domestic incomes?
Suppose that you are a speculator, condominium builder, high rise constructor, or city home builder and you see the value of your land constant over time. What policies will you urge your central bank to implement? Why does very bad economics result?
What should be obvious to you, but is little talked about?
To be continued ...
Arthur Lake
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
EDN - Intel & Micron to move new class of non-volatile memory to production
http://www.edn-europe.com/en/intel-micron-to-move-new-class-of-non-volatile-memory-to-production.html?cmp_id=7&news_id=10006908&vID=1968&from_mail=1#.Vbj70Ur3arU
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
"We often know more than we can tell .." MIchael Polanyi
"We 'always' know more than we can tell .." Arthur Lake
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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