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User Info The Greenspan Debate, Starbucks, Hyperinflation And More in forum [Ticker]
Tickerfan
Posts: 2848
Incept: 2008-01-02
Silver
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On the subject of Starbuck's, I've noticed of late that the demographic of its baristas has changed dramatically. Used to be they were all attractive, hardbodied young people with lots of energy and exceptional customer service skills. Lately, I'm seeing a significantly more plained-down crowd--older, less attractive, and downright weary-looking. I suspect that it's not a move toward more diversity, but rather just another sign of waning profit margins.
Genesis
Posts: 130804
Incept: 2007-06-26
Admin A True American Patriot!
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I seriously can't drink their ****.

I mean it.

I've tried.

I ******n near puked - I have to put so much sugar in it that its Cuban Coffee.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Supercleanfund
Posts: 1469
Incept: 2007-11-12
Silver
The Island City, CA
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always wondered how folks can drink that burnt garbage. Love that scene from best in show where the couple first met at a starbucks. Not the same starbucks... From 2 stores across the street.

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- * - * - * - * - * -
Never underestimate the power of wishful thinking.
Rassp9121
Posts: 130
Incept: 2007-11-02
Green A True American Patriot!
Spendistan
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I can't tolerate Starbucks. Partial
to Trader Joes Ethiopian Yirgacheffe
and sometimes Tanzanian Peaberry
when it's avail.
Dasweise
Posts: 708
Incept: 2007-08-27
Green A True American Patriot!
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I became a coffee drinker in Hamburg. I lived near a coffee shop that roasted beans everyday but Sunday. I would walk by there and get high. Most of the time I was not sure what I was drinking but the coffe was 'BLACK' and cute girl behind the counter made it even better.

After returning home, It took me weeks to get over the coffee addiction.

If I buy coffee out, I get coffee at McDonalds. AS GOOD AS StarSucks, Panera, Boarders, Dunken DOGnuts, Krispy Kreemy or any of the other drive bys.

Educational Ticker... as always.

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"Our government...teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy." Supreme Court Justice Louis D. Brandeis
Bw8472
Posts: 6446
Incept: 2007-06-28
Green
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Dasweise,

McDonalds coffee is good for what you pay, very good in fact.

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At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.

~Abraham Lincoln
Schwantz
Posts: 5821
Incept: 2007-11-12
Green
Toronto
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**** the more Greenspan opens his hole, the more I dislike him. He still thinks he's 'right' about deregulation, just like there are probably some people who think it was 'right' to deregulate the electricity industry when you have players like Enron that game the system. **** that. All complex systems need to function within certain limits, boundaries, controls or rules that prevent excessive POWER IMBALANCES from eventually destabilizing the entire system. In the financial markets, power comes from leverage, so if you are intentionally letting the system power-up, you better damn well do it carefully, and put monitors in place to make sure that the power behind both sides of the trade are kept within a certain range of each other. More importantly, if you purposely allow a system to get to the point where the power becomes unidirectional (positive feedback loop), you are knowingly embedding systemic risk into the system. The more you do that, the higher the chance that the whole ****ing thing crashes down all of a sudden. Greenspan knows all this, so he's at fault. Never trust an ideologue in a position of authority.





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When the system is corrupt absolutely you must seek representation by those who are absolutely incorruptible.
Schwantz
Posts: 5821
Incept: 2007-11-12
Green
Toronto
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Quote:
according to Henry Liu, the central bankers are afraid of deflationary death spiral the most and that's why they would rather hyperinflate.


Of course they are. If there's a deflationary spiral it will be obvious to everyone in the world how many lies have been sucker to.

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When the system is corrupt absolutely you must seek representation by those who are absolutely incorruptible.
Adarak
Posts: 5465
Incept: 2007-07-19
Green
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7-11 baby
Txdomer
Posts: 1254
Incept: 2007-11-07
Green
Ding-dong, the Fed is dead!
Banned
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Karl,

Thanks for the great ticker. It's good to be reminded of how simple economics is, and how all the "financial engineering" is just distracting trim on a house of cards.

Thanks too for reminding me that it is possible to get good espresso, if one makes the effort. About the only thing Starbucks is good for is the cafeine, and sometimes it is just truly undrinkable - and I mean beyond just bad. I have never had an espresso like you described. It is my Holy Grail. I might try to take you up on your offer if I am ever in the neighborhood!

Keep up your efforts to educate. The last week of Tickers has been great - a "hebdomas mirabilis" (I am expecting you will correct my Latin - I was just guessing on how to say "extrodinary week" a la Einstein's annus mirabilis.)

FYI, you and the Forum contributors got me to call my Senators about the bailout bill. I'd love to march on the Capitol, especially if they voted for it.

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Christo
Posts: 2
Incept: 2008-03-31

Mexico
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By GREG IP
April 9, 2008; Page A3

WASHINGTON -- The Federal Reserve is considering contingency plans for expanding its lending power in the event its recent steps to unfreeze credit markets fail.

Among the options: Having the Treasury borrow more money than it needs to fund the government and leave the proceeds on deposit at the Fed; issuing debt under the Fed's name rather than the Treasury's; and asking Congress for immediate authority for the Fed to pay interest on commercial-bank reserves instead of waiting until a previously enacted law permits it in 2011.

http://online.wsj.com/article/SB12076889....
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