Month: April 2013

April 18, 2013 0

Is the Fed Printing Money?

By News Desk

Velocity is at a six decade low No signs suggest credit creation is turning more productive Debt Constrains Growth Commodities are down 20% in the last two years By Lacy’s definition, the Fed is "not printing". By mine, the Fed is. Bernanke says one thing on one occasion and humorously denies it the next.

April 18, 2013 0

Surreal: US Troops Stage in Jordan to Defend Al Qaeda in Syria

By News Desk

The New York Times in their article titled, " Arms Airlift to Syria Rebels Expands, With C.I.A. Aid ," admits that: With help from the C.I.A., Arab governments and Turkey have sharply increased their military aid to Syria’s opposition fighters in recent months, expanding a secret airlift of arms and equipment for the uprising against President Bashar al-Assad, according to air traffic data, interviews with officials in several countries and the accounts of rebel commanders

April 18, 2013 0

This Is Where Eli Came In

By News Desk

Tweet One of the useful things the Rabett used to do was to explain what happens to the energy when a molecule, say CO 2 (carbon dioxide) although you could also say H 2 O (water vapor) or CH 4 (methane) absorbs light. For the purpose of this post, the photon would be in the infrared region of the spectrum.  This is an evergreen for two classes of bunnies Bunnies who don’t realize that the molecule can also emit light.  This is a popular one amongst organikers and analytical chemists whose experience with IR spectroscopy is in an absorption spectrum for analysis of samples Bunnies who think that the only way that an excited molecule can get rid of the energy is to emit a photon.    For every CO 2 molecule there are roughly 3000 2500 other molecules in the same volume of air.  When a CO 2 molecule collides with one of the other molecules, almost certainly an oxygen or nitrogen molecule, energy transfer occurs.  Each CO 2 molecule can be described as having translational, vibrational and rotational energy and the same is true of the collision partner.  Any collision can in principle change the amount of any of these forms of energy by any amount subject to conservation of energy and momentum.  The probability of this happening depends on the relative translational energy of the collision, the relative orientation of the molecules, their distance of closest approach and the distribution of energy in each of the collision partners prior to the collision.  The detailed study of such effects is called collision dynamics or molecular dynamics.  Fortunately, we can take thermal averages over many of these variables, either theoretically or experimentally which makes life, theory and experiments much simpler and a hell of a lot less expensive and time consuming.  That sort of thing usually goes under the rubric of reaction (when there is one) kinetics or energy transfer studies when there isn’t.

April 17, 2013 0

Is Australia Next in Competitive Currency Debasement?

By News Desk

The Sydney Morning Herald reports RBA May Have to Cap Australian Dollar Ross Garnaut, one of the authors of the float of the Australian dollar 30 years ago, warns that the Reserve Bank might have to consider intervening to push the currency down to minimise the recession he sees coming as the mining boom goes bust. Professor Garnaut, of the University of Melbourne, says he would rather see the Reserve cushion the economy’s looming fall and bring down the overvalued dollar by cutting interest rates to bring them closer to those of other Western countries. While the International Monetary Fund forecast Australia will stay on its present track, with growth of 3 per cent this year and 3.3 per cent next year, Professor Garnaut warned that mining investment would fall from 8 per cent of gross domestic product back to its long-term average of 2 per cent.