SHADES OF 1929

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Posted on 18th April 2013 by Administrator in Economy |Politics |Social Issues

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For those not paying attention, we have entered a global deflationary depression. The nutjobs running the world’s central banks and the moronic politicians elected by the sheep have tried Keynesian fiscal pork, zero interest rates, fraudulent accounting, printing money at hyper-speed, propaganda, austerity for the peasants, bonuses for the criminal bankers and crony capitalism for the super rich. It is five years later and it hasn’t worked. The grand experiment has failed. Bernanke and Krugman’s theories have been discredited. The world is on the edge. Bad shit is happening. Behind the scenes, the oligarchs are panicked and scrambling to retain their wealth and power. They are criminally inept. Their solution will be to accelerate what has already failed. This is how deflationary depressions turn into hyper-inflationary collapses. The massive buying of physical gold and silver by individuals and Far East countries is rational and prudent. The oligarchs won the battle in the past week. They may win a few more battles, because they have many weapons, but they will lose the war. This Fourth Turning is about to get really interesting.  

Fed and Bank of Japan caused gold crash

Commodity prices have been falling since September, culminating in a rout over the past two weeks. That is a classic warning for the global economy.

Traditionally shaped pure raw gold bars stacked in a secure bullion room safe

By

7:22PM BST 17 Apr 2013

It is becoming ever clearer that the roaring boom in global equities since last summer has priced in an economic recovery that does not in fact exist. The International Monetary Fund has had to nurse down its global growth forecasts yet again. We are still stuck in an old-fashioned trade depression, with pervasive over-capacity in manufacturing plant and a record global savings rate of 25pc of GDP.

German car sales fell 17pc in March. That should puncture the last illusions that Germany is about to pull Europe out of a self-inflicted slump.

As you can see from the chart below, the divergence between stock markets and the Deutsche Bank index of raw materials is astonishing to behold, so like the pattern in early 1929.

Steel has fallen 31pc this year. Brent crude is off 17pc since early February, and copper 15pc.

You have to be careful reading too much into commodities, distorted by China. The time-honoured cycle is a surge of investment that comes on stream at once with a lag. America’s shale drive has turned the gas market upside down, diverting liquefied natural gas to Europe and Asia. Copper output in Chile rose 7pc last year. The crash in the Baltic Dry Index for shipping rates is partly a tale of too many ships.

Yet excess supply does not explain the collapse in gold over the past week. Cyprus may have been an incidental trigger. If the EU-IMF Troika is determined to strong-arm the Cypriots into selling most of their pint-sized holding of 14 tonnes, it may do the same to Portugal when the time comes, and then you are talking about the world’s 14th biggest holding of 382 tonnes.

Bank of America says the gold crash since Friday has already discounted sales of the entire Cypriot, Portuguese and Greek gold reserves combined. “As we believe additional gold selling in the European periphery is highly unlikely, we find it hard to fully justify the sell-off,” it said.

The central banks of China and the emerging powers bought 535 tonnes last year to escape dollars and euros, the biggest wave of state purchases since 1964. Their strategy is to buy the dips, and they are no fools. The head of China’s reserve manager “SAFE” used to run a US hedge fund.

They won’t try to catch a “falling knife”, prefering to wait until the dust settles. The upward trend of the great bull market has been broken. The technical damage is brutal. Bank of America expects a further drop to $1,200. Be patient.

My view is that the US Federal Reserve and the Bank of Japan “caused” the gold crash. The rest is noise. The Fed assault began in February when it published a paper warning that the longer quantitative easing continues, the harder it will be for the bank to extricate itself.

The report was co-written by former Fed governor Frederic Mishkin, often deemed Ben Bernanke’s “alter ego”. It said the Fed’s capital base could be wiped out “several times” once borrowing costs climb. The window will start shutting by 2014, with trouble then compounding at a “dramatic” pace.

This was a shock. It suggested that the Fed has lost its nerve, and will think long and hard before launching a fresh blitz of money if growth falters.

Then came last week’s Fed Minutes, with hints of tapering off QE earlier that expected. That was the next shock. What they seemed to be saying is that the US economy is groping it way back to normality, that the era of silly money is over, that the dollar will stand tall again.

If that were the case, gold should fall. But it is not the case. The US economy is growing below the Fed’s own “stall speed” indicator. Half a million people fell out of the workforce in March. Retail sales fell in March. So did manufacturing.

The US faces fiscal tightening of 2.5pc of GDP this year, the most since 1946. Ex-labour secretary Robert Reich said the effects have been disguised so far, but a “stealth sequester” is just starting: $51m of grant cuts to Brandeis university; $1m for schools in Syracuse; and so on, the reverse of the stealth stimulus before.

My guess is that the Fed will be forced to row back smartly from its exit talk, but first we must look deflation in the eyes.

As for the Bank of Japan, it had been assumed that the colossal monetary stimulus of Haruhiko Kuroda would revive the yen-carry trade, leaking $1 trillion into world asset markets. But the early evidence is the opposite. Japanese investors brought money home last week.

“Mrs Watanabe” is selling her Kiwi and Aussie bonds to bet on stocks and property at home. And she is selling gold like never before. That too is a shock.

Japan’s “Abenomics” may prove a net drag on the world over coming months. It is exporting deflation through trade effects. This already visible in Korea and China, where soaring wages have eroded competitiveness. “Investors may have forgotten that yen weakness was one of the immediate causes of the 1997 Asian currency crisis and Asia’s subsequent economic collapse,” said Albert Edwards from Societe Generale.

China’s growth rate fell to 7.7pc in the first quarter. It will fall further, though the catch-up boom in the hinterland cities of Chengdu, Chonquing, Changsa and Xi’an may have further to run.

Fitch Ratings says credit has surged from €9 trillion to €23 trillion over the past four years, a rise equal to the entire US banking system. Beijing pumped up loans yet again after its recession scare in the summer, but is gaining less traction. The GDP growth effect of credit has halved. It is the classic sign of an economy sated on debt. China too will have to deleverage.

The world is still in a contained depression. Sliding commodities tell us global money is if anything too tight. “There is a threat of deflation almost everywhere. A lot of central banks will have to follow the Bank of Japan, whatever they say now,” said Lars Christensen form Danske Bank

The era of money printing is young yet. Gold will have its day again.

 

PC SHIPMENTS ALWAYS DECLINE BY THE GREATEST AMOUNT IN HISTORY WHEN THE ECONOMY IS RECOVERING – RIGHT?

20 comments

Posted on 11th April 2013 by Administrator in Economy |Politics |Social Issues

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Do you need any more proof that we are experiencing a worldwide recession/depression? We are talking the largest decline in HISTORY. This is not a one month blip. This was a quarterly COLLAPSE. It captures the entire world. This means companies are not investing in technology. It means consumers are tapped out. It didn’t happen due to weather. It didn’t happen due to season adjustments. The shipments of computers COLLAPSED in the 1st quarter. While Ben Bernanke and his puppet masters on Wall Street continue to engineer a stock market bubble, the REAL economy in the REAL world is collapsing. The REAL people trying to make a REAL living are seeing their purchasing power destroyed and their savings decline in real numbers. The denial of reality has never been greater and the propaganda being spewed by those in power to coverup the reality is breathtaking to behold.

PC shipments suffer worst decline ever: IDC

SAN FRANCISCO (MarketWatch) – Worldwide personal computer shipments fell 14% in the first quarter of 2013, the industry’s worst quarterly decline ever, according to an IDC report released Wednesday. PC shipments totaled 76.3 million units, falling lower than a projected 8% decline. “The extent of the year-on-year contraction marked the worst quarter since IDC began tracking the PC market quarterly in 1994,” the tech research group said. Hewlett-Packard (NYSE:HPQ) remained the No. 1 PC maker, followed by Lenovo and Dell Inc. (NASDAQ:DELL) But each company shipped fewer PCs, with H-P suffering 24% drop, while Dell took an 11% hit. Lenovo sold five fewer PCs, according to IDC. The report also included bad news for Microsoft Corp. (NASDAQ:MSFT) IDC analyst Bob O’Donnell said that the company’s Windows 8 launch “not only failed to provide a positive boost to the PC market,” it “appears to have slowed the market.”

 

DEPRESSIONS & STOCK MARKETS

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Posted on 13th March 2013 by Administrator in Economy |Politics |Social Issues

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Check out the stock market rally during the Great Depression. The people posting this chart are more concerned about how much further the current stock market rally will go. I’m more interested in the fact that there was a 300% stock rally in less than four years during the midst of the Great Depression. Did this stock rally alleviate the suffering of millions? NO. Did the stock market rally boost the economy? NO. Did the stock market rally benefit the bankers and the ultra-rich? YOU BET YOUR ASS IT DID.

The MSM and your government leaders want you to believe this current stock market rally is benefitting the economy, your lives, and our society as a whole. This storyline is complete and utter bullshit. The average person is not benefitting from this stock market rally as the bottom 80% only own 5% of the stocks in this country. We are in the midst of a 2nd Great Depression. The history books will say it’s so. Meanwhile, who is benefitting from this stock market rally and where will it lead? You know what happened last time. History does rhyme.

Today’s chart illustrates rallies that followed massive bear markets. For today’s chart, a ‘massive’ bear market is defined as a decline of greater than 50%. Since the Dow’s inception in 1896, there have been only three bear markets whereby the Dow declined more than 50% (early 1930s, late 1930s until early 1940s, and during the recent financial crisis). Today’s chart also adds the rally that followed the dot-com bust during which the Nasdaq declined 78%. The current Dow rally has followed the post dot-com bust rally of the Nasdaq that began back in 2002 fairly closely and held to a general post-massive bear market rally pattern — rally during the first 300 trading days, trade in a relatively flat choppy manner up until around 600 trading days and then re-embark on the second leg of the rally. History may not repeat, but it rhymes.

Chart of the Day

Horizontal Line

TBP GOT YOU DOWN?

73 comments

Posted on 21st January 2013 by Administrator in Economy |Politics |Social Issues

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If TBP is depressing you, just eat some cow, run a marathon, have some sex, or take a vitamin. But don’t blame me. 

Treat Depression … Naturally

George Washington's picture

Submitted by George Washingtonon 01/21/2013 01:47 -0500

If you’re depressed, you might consider asking your doctor to prescribe anti-depressants.

But as best-selling author Christiane Northrup, MD, notes:

In 2008, we learned that the benefits of antidepressants had been greatly overstated. Former FDA psychiatrist Erick H. Turner, M.D. uncovered some startling information about Selective Serotonin Reuptake Inhibitors (SSRIs), including Prozac, Paxil and Zoloft, the most commonly prescribed antidepressants. In reviewing all the medical literature, he learned that 94 percent of the reports showing the therapeutic benefits of SSRIs were published compared to only 14 percent of the reports showing either no benefits or inconclusive results (of taking SSRIs were published). When he weighed all the literature, Dr. Turner determined that SSRIs were no more effective than a placebo for treating most depressive patients. Those with severe depression were helped, sometimes greatly, but those with mild to moderate depression, the majority of cases, received little relief. British researchers using the Freedom of Information Act uncovered identical findings.

 

In January 2010, another study published in the Journal of the American Medical Association (JAMA) confirms these findings. The newest study also evaluated another class of antidepressants, tricyclic antidepressants. Again, researchers determined that the typical patient, one with mild to moderate depression, gets the same amount of relief from a placebo as from an antidepressant.  The first author of the study, Jay C. Fournier, MA, told Medscape, “I think the most surprising part of the findings was how severe depression has to be in order to see this clinically meaningful difference emerge between medication and placebo, and that the majority of depressed patients presenting for treatment do not fall into that very severe category.”

 

The New York Times reported that the co-author of the study, Robert J. DeRubeis, shared this important insight: “The message for patients with mild to moderate depression is ‘Look, medications are always an option, but there’s little evidence that they add to other efforts to shake depression–whether it’s exercise, seeing the doctor, reading about the disorder or going for psychotherapy.’”

(In addition, modern SSRI anti-depressants have been shown to increase violent and suicidal behavior in a certain percent of the population.)

So what can those with depressive tendencies do?

Secret of Human Evolution

Getting enough Omega 3 fatty acids in your diet is also crucial in preventing depression. As Science Daily notes:

Researchers from Inserm and INRA and their collaborators in Spain collaboration, have studied mice fed on a diet low in omega-3 fatty acid. They discovered that reduced levels of omega-3 had deleterious consequences on synaptic functions and emotional behaviours.

 

Details of this work are available in the online version of the journal Nature Neuroscience.

 

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The researchers studied mice fed a life-long diet imbalanced in omega-3 and omega-6 fatty acids. They found that omega-3 deficiency disturbed neuronal communication specifically ….This neuronal dysfunction was accompanied by depressive behaviours among the malnourished mice.

 

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Consequently, the researchers discovered that among mice subjected to an omega-3 deficient dietary regime, synaptic plasticity … is disturbed in at least two structures involved with reward, motivation and emotional regulation: the prefrontal cortex and the nucleus accumbens.

 

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“Our results can now corroborate clinical and epidemiological studies which have revealed associations between an omega-3/omega-6 imbalance and mood disorders,” explain Olivier Manzoni and Sophie Layé. “To determine if the omega-3 deficiency is responsible for these neuropsychiatric disorders additional studies are, of course, required.”

 

In conclusion, the authors estimate that their results provide the first biological components of an explanation for the observed correlation between omega-3 poor diets, which are very widespread in the industrialized world, and mood disorders such as depression.

Dr. Northrup writes:

One of the best ways to support health brain chemistry is by taking fish oil. Fish oil has been shown time an again to relieve mild to moderate depression. The omega-3 fatty acids are essential to brain health and, according to Capt. Joe Hibbeln, M.D., these important fats support the serotonin system, may help reduce stress and lower your risk of all kinds of mental illness. Dr. Hibbeln, Chief of Outpatient Services for the National Institute on Alcohol Abuse and Alcoholism (NIAAA), is one of the world’s leading researchers on omega-3 fats. His findings have been compelling and encouraging.

 

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Also encouraging is the largest ever clinical trial presenting in 2009 showing that fish oil may benefit half of all people with moderate to severe depression.

How could something as obscure as Omega 3s be so critical in preventing depression?

We’ve previously explained that humans evolved to eat a lot of Omega 3s:

Wild game animals have much higher levels of essential Omega 3 fatty acids than domesticated animals. Indeed, leading nutritionists say that humans evolved to consume a lot of Omega 3 fatty acids in the wild game and fish which they ate (more), and that a low Omega 3 diet is a very new trend within the last 100 years or so.

 

In other words, while omega 3s have just now been discovered by modern science, we evolved to get a lot of omega 3s … and if we just eat a modern, fast food diet without getting enough omega 3s, it can cause all sorts of health problems.

 

So something just discovered by science can be a central fuel which our bodies evolved to use.

Here’s further detail focusing on beef:

For all of human history – until the last couple of decades – people ate beef from cows (or buffalo or bison) which grazed on grass. The cows were usually strong and healthy. Their meat was lean, with very little saturated fat, as the critters ate well and got outdoor exercise. Their meat was high in good Omega 3 fats. See this and this, and humans evolved to consume a lot of Omega 3 fatty acids in the wild game and fish which they ate (more).

 

Today, on the other hand, beef is laden with saturated fat and almost entirely lacking healthy fats like Omega 3s, because the cows are force-fed food which makes them sick. Specifically, instead of their natural menu – grass – they are force-fed corn, which makes them sick. Because their diet makes them ill, they are given massive amounts of antibiotics.  Even with the antibiotics, the diet and living conditions would kill them pretty quickly if they aren’t slaughtered.

Science Daily explains:

In industrialized nations, diets have been impoverished in essential fatty acids since the beginning of the 20th century. The dietary ratio between omega-6 polyunsaturated fatty acid and omega-3 polyunsaturated fatty acid omega-3 increased continuously over the course of the 20th century. These fatty acids are “essential” lipids because the body cannot synthesize them from new. They must therefore be provided through food and their dietary balance is essential to maintain optimal brain functions.

So insufficient Omega 3s is a major source of depression in modern industrialized countries.

The flip side of getting enough healthy Omega 3s is to stay away from the kind of fats which cause depression: trans fats.

(Contrary to what you’ve heard, getting enough of the right kind of healthy cholesterol also decreases depression.)

Vitamins, Minerals and Antioxidants …

Antioxidants also help to prevent depression.  Specifically, oxidative stress has been correlated with depression (and see here).

On the other hand, antioxidants reduce depression. See this, this and thisHere are the tricks for finding the least expensive, most powerful antioxidants.

Moreover, a multivitamin might be smart.  Specifically, Hugh D. Riordan, M.D., argues:

It is possible to become depressed because of the lack of a sufficient amount of a single trace element.

And as we’ve previously noted, modern foods can be nutritionally depleted:

We evolved eating foods which were high in vitamins and minerals ….

But as the Journal Current Opinion in Obstetrics and Gynecology notes:

With soil depletion, overfarming and transportation of foods over hundreds of miles with loss of nutrients en route, together with the increased use of convenience and fast foods, women can be over-fed, but under-nourished in our modern society.

The Nutrition Journal points out:

In 1927 a study at King’s College, University of London, of the chemical composition of foods was initiated … to assist with diabetic dietary guidance. The study evolved and was then broadened to determine all the important organic and mineral constituents of foods, it was financed by the Medical Research Council and eventually published in 1940. Over the next 51 years subsequent editions reflected changing national dietary habits and food laws as well as advances in analytical procedures. The most recent (5th Edition) published in 1991 has comprehensively analysed 14 different categories of foods and beverages. In order to provide some insight into any variation in the quality of the foods available to us as a nation between 1940 and 1991 it was possible to compare and contrast the mineral content of 27 varieties of vegetable, 17 varieties of fruit, 10 cuts of meat and some milk and cheese products. The results demonstrate that there has been a significant loss of minerals and trace elements in these foods over that period of time.

Scripps Howard News Service noted in 2006:

The nutritional content of America’s vegetables and fruits has declined during the past 50 years — in some cases dramatically.

 

Donald Davis, a biochemist at the University of Texas, said that of 13 major nutrients in fruits and vegetables tracked by the Agriculture Department from 1950 to 1999, six showed noticeable declines — protein, calcium, phosphorus, iron, riboflavin and vitamin C. The declines ranged from 6 percent for protein, 15 percent for iron, 20 percent for vitamin C, and 38 percent for riboflavin.

 

“It’s an amazing thing,” said Davis, adding that the decline in nutrient content has not been widely noticed.

Many other studies have reported ongoing soil depletion around the world.

 

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And many people eat highly processed foods in which most antioxidants have been destroyed.

 

So – just as with the low levels of omega 3s – there might be less antioxidants like vitamin C in the modern diet than the levels we evolved to run on.

Good Bugs

Live Science reports:

Researchers have increasingly begun to suspect the gut was somehow linked with the brain. For instance, bowel disorders seem linked with stress-related psychiatric disorders such as anxiety and depression in people.

 

To learn more, scientists experimented with mice by feeding them a broth containing Lactobacillus rhamnosus JB-1. This species naturally lives in our gut, and scientists are exploring whether strains of it can be used as “probiotics” to improve our health. They discovered these rodents displayed significantly less behavior linked with stress, anxiety and depression than mice fed plain broth. Bacteria-fed mice also had significantly lower levels of the stress hormone corticosterone in response to stressful situations such as mazes.

 

“By affecting gut bacteria, you can have very robust and quite broad-spectrum effects on brain chemistry and behavior,” researcher John Cryan, a neuroscientist at University College Cork in Ireland, told LiveScience.

 

“Without overstating things, this does open up the concept that we could develop therapies that can treat psychiatric disorders by targeting the gut,” Cryan added. “You could take a yogurt with a probiotic in it instead of an antidepressant.”

 

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The investigators found that one GABA receptor component was present in higher levels in bacteria-fed mice in parts of the brain where it is normally lowered during depression. In addition, several GABA receptor components were reduced in parts of the brain where they are normally increased in stressed or anxious animals.

Next, the researchers severed the vagus nerve, which helps alert the central nervous system to changes in the gastrointestinal tract. They found the bacteria-induced effects on behavior and GABA receptors were diminished, suggesting this nerve is the pathway by which changes in the gut can influence the brain.

Vagal nerve stimulations have been used at times to treat depression resistant to other therapies, but “that’s a surgical technique,” Cryan said. “By targeting the gut with probiotics, we could indirectly target the vagus nerve without surgery.”

And see this.

As with Omega 3s, this sounds strange until you realize how humans evolved.

As NPR notes, our bodies are largely made up of – and supported by – bacteria:

Jeffrey Gordon, a professor at the Washington University in St. Louis School of Medicine, who studies the microbes that live on and in us, offers this factoid: “We think that there are 10 times more microbial cells on and in our bodies than there are human cells. That means that we’re 90 percent microbial and 10 percent human. There’s also an estimated 100 times more microbial genes than the genes in our human genome. So we’re really a compendium [and] an amalgamation of human and microbial parts.”

 

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Gordon’s research shows that these microbes living in our bodies aren’t just there for the ride — they’re actively contributing to the normal physiology of the human body. He points to the trillions of microbes that live in our gut, doing everything from encoding enzymes to serving as pathways for vitamin production to digesting the parts of food we can’t digest on our own.

Many native cultures ate a lot of fermented foods containing healthy bacteria.  Think yogurt, miso and Inuit fermented seal blubber (gross, we know …)

In addition, antibiotics kill a lot of the healthy bacteria in our gut.  (The over-use of antibiotics has also been linked to obesity and other health problems. See this and this.  Indeed, the prestigious journal Nature suggests that antiobiotics may permanently kill off healthy gut bacteria.).

Given that the modern diet contains less fermented foods, and that antibiotics have killed off some of our intestinal flora, probiotics – sold in health food stores – are an important preventative measure against depression.

Sunshine …

The New York Times points out:

A new, carefully designed randomized controlled trial— of the kind considered the gold standard in medicine — suggests bright light therapy deserves a closer look.

 

The study was small, involving only 89 patients ages 60 and older, but the results were remarkable. Compared with a placebo, light therapy improved mood just as well as conventional antidepressant medications, said Dr. Ritsaert Lieverse, the paper’s lead author and a psychiatrist at the VU University Medical Center in Amsterdam.

 

The effect sizes we found in this study are comparable to those reported for antidepressants, so I think efficacy is of comparable magnitude,” Dr. Lieverse said in an e-mail.

 

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Since depression is often accompanied by poor sleep and other symptoms suggestive of circadian rhythm disruption, the scientists also examined markers of circadian function. The theory is that bright light therapy may act to elevate mood by activating the brain’s so-called circadian pacemaker, a structure called the suprachiasmatic nucleus. As part of the study, researchers assessed sleep quality and measured patients’ melatonin, a hormone critical for sleep-wake cycles, and urinary cortisol and salivary cortisol levels, measures of stress.

 

Dr. Lieverse said bright light therapy may also work by targeting depression-associated neurotransmitter systems that regulate serotonin and dopamine.

Sunshine has many if not all of these properties.  So getting some sun will help with depression.

Exercise and Sex

Many studies show that exercise reduces depression.   For example, see these reports by the Mayo Clinic, New York Times and WebMD.

Sex also helps to prevent depression.

Testosterone

And naturally boosting your testosterone level also wards off depression.

Mindfulness Meditation

Last – but not least – meditation can prevent depression.  Psychology Today reports:

Imagine if you could cure depression with a therapy that was more effective and long-lasting than expensive drugs, and which did not have any side effects. These are the claims being made for a form of Mindfulness meditation.

Psychologists from the University of Exeter recently published a study into “mindfulness-based cognitive therapy” (MBCT), finding it to be better than drugs or counseling for depression. Four months after starting, three quarters of the patients felt well enough to stop taking antidepressants.

 

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MBCT was developed in the mid-Nineties by psychologists at the Universities of Oxford, Cambridge and Toronto to help stabilize patients’ moods during and after use of antidepressants. About half of patients relapse into depression – even if they continue taking the medication. One common reason for a relapse is when a normal period of sadness turns into obsessive brooding.

 

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The MBCT technique is simple, and revolves around “mindfulness meditation”. In this, you sit with your eyes closed and focus on your breathing. (See box for details). Concentrating on the rhythm of the breath helps produce a feeling of detachment. The idea is that you come to realize that thoughts come and go of their own accord, and that your conscious self is distinct from your thoughts. This realization is encouraged by gentle question-and-answer sessions modeled on those in cognitive therapy.

 

In the University of Exeter study, funded by the UK’s Medical Research Council, 47 per cent of patients with long-term depression suffered a relapse; the figure was 60 per cent among those taking medication alone. Other studies, including two published in the Journal of Consulting and Clinical Psychology, had comparable outcomes. As a result, the UK’s National Institute for Health and Clinical Excellence has recommended MBCT since 2004. Availability is still patchy though, with many sufferers seeking courses at Buddhist centers.

 

“One of the key features of depression is that it hijacks your attention,” says Professor Williams. “We all tend to bring to the forefront of our minds the thoughts and feelings that reflect our current mood. If you are sad, depressed or anxious, then you tend to remember the bad things that have happened to you and not the good. This drives you into a downward spiral that leads from sadness into a deeper depression. MBCT prevents and breaks that spiral.”

Psychology Today provides an example of a typical MBCT meditation:

1. Sit upright in a straight-backed chair, with your spine about an inch from the back of the chair, and your feet flat on the floor.

2. Close your eyes. Use your mind to watch your breath as it flows in and out. Observe your sensations without judgment. Do not try to alter your breathing.

3. After a while your mind will wander. Gently bring your attention back to your breath. The act of realizing that your mind has wandered – and bringing your attention back – is the key thing.

4. Your mind will eventually become calm.

5. Repeat every day for 20-30 minutes.

Postscript: If you are severely depressed and suicidal, contact a mental health professional. 

We are not health professionals, and this does not constitute mental health or medical advice.

THE RECOVERY STORYLINE IS BULLSHIT

22 comments

Posted on 6th January 2013 by Administrator in Economy |Politics |Social Issues

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How could an economy that is 70% dependent upon Americans to drive their cars to malls and buy shit be in a recovery if gasoline usage has been plunging for the last four years? Petroleum usage is at the same level as 1996. All the Chinese shit has to be shipped by truck to all the dying big box retailers. The MSM pundits always have a storyline to sell. They try to convince the ignorant masses that the decline in the labor force is due to Boomers retiring early. Of course the data shows the over 55 workers soaring to record highs, obliterating that false storyline. Now they peddle the storyline that plunging fuel usage is due to vehicles getting better gas mileage as mandated by the Obamanistas. That sounds awesome and very green. It must be the millions of Volts being sold.  

The storyline is obliterated by the facts reported below. The MSM was touting the fantastic auto recovery, with 14.5 million vehicles peddled to the masses with 7 year 0% loans to subprime level borrowers. I guess everyone is buying small fuel efficient cars getting 35 mpg and resulting in the plunge in gasoline usage. One little problem with this storyline. It is complete and utter bullshit. It seems 49% of the vehicles sold were pickup trucks, SUVs, minivans and crossovers. Small energy efficient cars accounted for only 19% of all the vehicles sold in the U.S. The storyline about fuel efficiency sounds great, but the average MPG of all the vehicles in the U.S. is 18 mpg. Three of the top five selling vehicles in the U.S. in December were the Ford F Pickup (19 MPG), Chevrolet Silverado (15 MPG), and Dodge Ram Pickup (16 MPG).     

Segment totals, ranked by Dec unit sales
Dec 2012 % Chg from Dec’11 YTD 2012 % Chg from YTD 2011
Cars 648,316 15.4 7,414,282 18.8
   Midsize 286,448 3.4 3,588,099 17.6
   Small 250,982 32.3 2,781,860 26.8
   Luxury 110,094 18.3 1,035,189 11.6
   Large 792 -50.6 9,134 -86.6
Light-duty trucks 707,682 3.7 7,077,591 8.3
   Pickup 204,683 0.8 1,941,567 6.7
   Cross-over 291,176 9.3 2,998,723 9.3
   Minivan 74,547 -6.5 833,468 13.5
   Midsize SUV 72,185 7.2 708,527 9.3
   Large SUV 29,157 -1.5 237,550 -9.1
   Small SUV 16,774 -1.6 197,265 13.4
   Luxury SUV 19,160 0.6 160,491 2.3
Total SUV/Cross-over 428,452 7.3 4,302,556 8.0
Total SUV 137,276 3.2 1,303,833 5.1
Total Cross-over 291,176 9.3 2,998,723 9.3

http://online.wsj.com/mdc/public/page/2_3022-autosales.html

The storyline from the Obamanistas is that his fuel economy policies and green initiatives have resulted in the reduced consumption. He wouldn’t want to tout the Obama Depression as the real reason. The Obama Volt had sales of 23,000 even though GM offered leases at $289 per month, generating a huge loss per lease. Plus you the taxpayer provided $7,500 per Volt given away. Half the sales were in California, land of the delusional. The storyline about GM being saved by Obama and doing well is also false. Their market share has plunged from 19.6% in 2011 to 17.9% in 2012, even as they utilize Ally Financial to dole out subprime loans to deadbeats and channel stuff inventory. Ford’s market share also fell from 16.8% to 15.5%. Does this jive with a storyline of success?  

With this huge drop in consumption and the Obama touted Bakken Oil Boom, we most certainly paid the lowest price for gas in years. Not quite. We paid the highest average price for a gallon of gas in the history of the country. We beat the previous record set in 2011. Who says Obama hasn’t set any records? You may have noticed the 10 cent rise in the last few weeks as we get set for a new record in 2013. The energy independence storyline is already getting a little long in the tooth as the myopic MSM pundits seem to have foregotten the rest of the world uses oil and it is a fungible commodity whose price will be set at the margin. And that margin will go relentlessly higher even as our progressing depression deepens.   

The recovery storyline will continue to be peddled to the masses by the MSM and the Obamanistas. As the payroll tax increase further impoverishes the middle and lower class workers and the full negative impact of Obamacare crushes small businesses, even the bubble headed blondes on CNBC and Fox will get it. Maybe not.