Saturday, February 28, 2015

Russia no longer requires $100 oil to balance its Fiat? - For Pete's Sake!

   (Commentary posted by Roger Erickson)

They don't sleep. They never sleep!



Do you ever feel like you're surrounded by the propaganda?

You might be reading a news story about a completely obvious reality, when right in the middle of it, TINA'S LINE comes crawling out, to kill any relevance to the real world.

"Russia no longer requires $100 oil to balance its budget"

What? Balance fiat? WTF? Again?

Where did that come from? Is there any way to stop it? Are we fatally infected?

There's got to be some way to stop this auto-loop from endlessly scrolling across our Kabuki screens. Otherwise, the implication is that we'll all die, with a horrific look of fiat frozen on our aggregate faces.

What's the solution? Turn off the set? Cancel the subscriptions? Talk to real people, about real stuff?

I know, that's crazy talk. Right?

When fiat balances.  Is that like when time stands still?


3 comments:

Ralph Musgrave said...

Roger,

Very witty, but if you want the Neanderthals out there to understand what you're saying, you need to cut down on the sarcasm and the wit. Plus you need to avoid sentences with more than three words. And you need to avoid words with more than one syllable.

And even then you'll probably be bashing your head against a brick wall. Krugman did a good article recently on the frustrations involved in "head bashing". See:

http://krugman.blogs.nytimes.com/2015/02/27/the-closed-minds-problem/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs&region=Body

Bob said...

More articulation, less gesticulation?

Roger Erickson said...

I rest my case.

“high-quality fiscal consolidation” - sought by India's CB head

http://www.bloomberg.com/news/articles/2015-02-28/modi-diverges-from-india-budget-deficit-path-to-boost-growth