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rjs
denizen of a rural NE Ohio swamp
unencumbered by education, affiliations, beliefs or agenda; im not advocating anything
Recent Activity
curious as to when that statue was written, and if the dollar limitations are applicable for today... ie, "The following personal property, owned by the debtor, is exempt: (c) The debtor's interest, not to exceed $2,400 in value, in any one motor vehicle; i mean $2400 wont get you very much car...
i wouldn't say my question made no sense...my observation and question may have been rhetorical or tangential to your observations, but it certainly made sense in the context of whether production would decline or not...most of the companies involved in fracking are small independents; the major vertically integrated majors are underrepresented...there's very little equity; most fund their operations through a combination of lines of credit, cash flow, and junk debt...with falling prices, lines of credit will dry up, cash flow will evaporate and the interest on any new junk debt be that much higher...for instance, the Caa1 rated bonds for former Chesapeake CEO Aubrey McClendon's new company, American Energy Partners, fell 20% since they were issued in July...but because depletion rates on fracked wells are 80 to 90 percent over the first two years, they can't cut back and wait for better prices...to make their interest payments, they have to maintain cash flow, & to do that, they have to keep drilling...
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they're overleveraged based on oil prices that were over $100 during most of the time they were borrowing...so what does $80 oil do to their ability to roll over their debt?
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welcome back, Linda, and sorry about your loss... as someone who went through a basement flood two years ago, a large tree on the roof last year, & failure of my bathroom plumbing this year, i can understand how those travails weighed on you.. you're still on all my RSS readers from years ago, so i'll be reading whatever you write...
Toggle Commented Oct 16, 2014 on Return to Blogging at ataxingmatter
ha! this'll show him not to take the spot of an enr.econ blogger!
Toggle Commented Sep 25, 2014 on Local foodies can't park at Environmental Economics
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errata: the carbon footprint of hydro is 4 gCO2/kWh
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that was quick...it was only a month ago that McCrory lifted the fracking moratorium...
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do white hurricanes count? http://en.wikipedia.org/wiki/Great_Blizzard_of_1978 winds of 105 were recorded on lake erie north of here..
Toggle Commented Aug 13, 2014 on Tim says Floyd at Environmental Economics
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clearly we're losing manufacturing jobs, anne...but the June factory report showed record highs in all its May to June metrics: new orders for manufactured goods rose by $5.7 billion or 1.1% to a record high of $503.2 billion, factory shipments rose by $2.5 billion or 0.5% to a record $499.8 billion, factory inventories rose by $1.8 billion or 0.3% to a record high at $653.8 billion, and unfilled factory orders rose by $10.4 billion or 1.0% to $1,098.5 billion, which was also the highest level value of unfilled orders on record.... http://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf not adjusted for inflation, but inflation in manufactured goods has consistently lagged the CPI increase...
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since i mentioned that, i ought to at least point out that in the June trade report released today, imports seem to be somewhat less than the BEA had guessed in the GDP report, and exports actually rose a bit (BEA had guessed they'd fall) so that suggests an upward revision to 2nd quarter GDP from both...hard to guess how much, since there's still an inflation adjustment to apply...
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on your note; i'm not having any trouble copying a couple paragraphs out of each NYT article i want to cite, using my customized version of internet explorer 8...however, i cant view other sites, such as Time and Bloomberg view, with this browser, and must use chrome... there is a big push from most sites to get me to upgrade IE; they cant deposit their new html 5 cookies on this old browser...
Toggle Commented Aug 4, 2014 on Holy Toledo, Batman!* at Environmental Economics
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since i was curious if the heavy weighting of shelter in the CPI was enough to cause home prices to drive consumer inflation, i made FRED graph showing the shelter index component of the CPI, and all other items in the CPI except shelter: https://research.stlouisfed.org/fred2/graph/?graph_id=185730 with the interactive slider, you can view shorter sections of that complete history.. before 1985, home prices were included in CPI shelter; since the BLS has used "homeowner's equivalent rent" it seems relationship between the two changed sometime just before 1980, but the index itself changed shortly thereafter; hence, i cant say that it shows anything..
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guess i aint the only one who replies to spam with some of my own..
Toggle Commented Jul 15, 2014 on Unsubscribe at Environmental Economics
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95F forecast for U of Oregon tomorrow: http://www.localweather.com/weather/?pands=Eugene%2C+OR&forecast=zandh&x=10&y=4
Toggle Commented Jul 14, 2014 on Event Time vs. Clock Time at Economist's View
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i am not doubting you about that, anne, but i am wondering why, considering that interest rates have such an impact on what most homebuyers ultimately pay... id bet the 30 year mortgage was much less common over that history...
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the question might be asked which is leading which, since the index for shelter is now 32% of the CPI...offhand, i couldnt speak to the historical record, but there have been at least a couple major changes in the housing component of the CPI, including the change from home prices to homeowners equivalent rent, that could also skew the relationship
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roughly 71% of homes are being bought with a mortgage; of those, roughly 80% of those are 30 year mortgages; the effective cost of a home for these buyers is not the contract price, it's the monthly payment...so to that extent, home prices for more than half of home buyers are driven by interest rates (which, btw, tend to move with inflation; maybe shiller was looking at the wrong metric?)..
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wonder if they'll distribute pizza...that's what chevron did when an explosion at one of their wells in PA killed one & caused a major evacuation..
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cost controls have no effect on the change in real (cost adjusted) GDP….the ‘real’ change is a change in units of health care delivered… here's the numbers: current dollar spending on health care last 5 qtrs 1,889.2 1,902.9 1,923.3 1,959.0 1,954.6 ($ billions) chained dollar representation of units of health care delivered last 5 quarters: 1,756.5 1,771.9 1,783.9 1,808.3 1,801.9 so Q1 health care (both nominal and real) just looks like a pullback from earlier elevated levels, much in the same way the excessive change in inventory reversed…
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there's already a plan in place to mix in more pink slime: http://www.zerohedge.com/news/2014-05-25/solution-record-meat-prices-return-pink-slime
Toggle Commented May 27, 2014 on Daily demand and supply at Environmental Economics
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dean baker link is broken: http://www.cepr.net/index.php/data-bytes/jobs-bytes/jobs-2014-05
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what i want to know is how he climbed the tree with a busted shoulder, when the bear cant climb it with a sore paw?
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noticed that with at least a half a dozen sites...figured it was a typepad problem, didnt realize it was a DDoS attack..
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and just like with the Medicaid expansion, the red states are pushing back: Oklahoma residents who produce their own energy through solar panels or small wind turbines on their property will now be charged an additional fee... http://thinkprogress.org/climate/2014/04/16/3427392/oklahoma-fee-solar-wind/
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well, maybe you otter explain that to the otters out here who aint figured it out yet...