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Oh dear my fellow bears, I truly am thinking we're screwed Brothers :); The baskets are even getting their plan in place to do "QE for The People" 'next time 'round'
Topic Started: 18 Sep 2015, 08:47 AM (7,768 Views)
herbie
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http://www.telegraph.co.uk/finance/economics/11869701/Jeremy-Corbyns-QE-for-the-people-is-exactly-what-the-world-may-soon-need.html

They just aren't at ALL happy to see us have our dodgy debt cleansing destructively creative Minsky Moment it seems?

Ah, the 'inhumanity' of it all ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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newjez
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herbie
18 Sep 2015, 08:47 AM
http://www.telegraph.co.uk/finance/economics/11869701/Jeremy-Corbyns-QE-for-the-people-is-exactly-what-the-world-may-soon-need.html

They just aren't at ALL happy to see us have our dodgy debt cleansing destructively creative Minsky Moment it seems?

Ah, the 'inhumanity' of it all ... :)
The world looks ready for a huge jump to the left.

You have to give money to the poor for the rich to take it off them.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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createdby
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Turnbull would never do it.


If Steve Keen was prime minister though

https://www.youtube.com/watch?v=qJRyoE1KWqk&feature=youtu.be&t=1m50s

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herbie
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newjez
18 Sep 2015, 08:53 AM
The world looks ready for a huge jump to the left.

You have to give money to the poor for the rich to take it off them.
Yes, no prizes for guessing where the money will eventually end up regardless who it's given to I guess.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Chris
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herbie
18 Sep 2015, 08:47 AM
http://www.telegraph.co.uk/finance/economics/11869701/Jeremy-Corbyns-QE-for-the-people-is-exactly-what-the-world-may-soon-need.html

They just aren't at ALL happy to see us have our dodgy debt cleansing destructively creative Minsky Moment it seems?

Ah, the 'inhumanity' of it all ... :)
Facetious Herb??

Fellow bears aigh, it's odd you use that wording because it implies you consider yourself a bear, which is absurd because you are clearly not.

Given that this post makes you look like a shit stirrer?!

At your core Herb you are a bull and you know it.
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herbie
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Chris
18 Sep 2015, 09:19 AM
Facetious Herb??

Fellow bears aigh, it's odd you use that wording because it implies you consider yourself a bear, which is absurd because you are clearly not.

Given that this post makes you look like a shit stirrer?!

At your core Herb you are a bull and you know it.
I attempt to remain somewhat flexible Chris.

And when My Market tells me I'm wrong, I hear and obey and even just maybe attempt to respond as sensibly as I deem fit at the time given my circumstances Oh My Market who is My Master ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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peter fraser
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herbie
18 Sep 2015, 08:47 AM
http://www.telegraph.co.uk/finance/economics/11869701/Jeremy-Corbyns-QE-for-the-people-is-exactly-what-the-world-may-soon-need.html

They just aren't at ALL happy to see us have our dodgy debt cleansing destructively creative Minsky Moment it seems?

Ah, the 'inhumanity' of it all ... :)
Like it or not we live in an economy driven by consumption (spending)

Savers are a drag on the economy and spenders benefit the economy. Housing is such an important part of that spending, governments will do almost anything to maintain that spending. Crashing the housing market is not on their agenda.

Here is an interactive chart on the US housing market - http://au.spindices.com/indices/real-estate/sp-case-shiller-us-national-home-price-index
The USA is now growing quite well because housing is almost back to the pre-gfc peak.

China is experiencing a slow down because they are transitioning from a manufacturing economy to a consumption economy. When the Chinese people begin to spend more the world will take off again, especially if that coincides with the USA and Europe also returning to retail therapy. When that happens wages will grow and we will see higher inflation along with higher interest rates. Will those higher rates crash housing and the economy - no because we will also have higher incomes.


Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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peter fraser
18 Sep 2015, 09:40 AM
Like it or not we live in an economy driven by consumption (spending)

Savers are a drag on the economy and spenders benefit the economy. Housing is such an important part of that spending, governments will do almost anything to maintain that spending. Crashing the housing market is not on their agenda.
Yes, that sounds like pretty handy stuff for any who just might not have yet realised it to try and get their heads around.
Edited by herbie, 18 Sep 2015, 09:49 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Will
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Actually, this is more or less what Steve keen suggested during the dark days of th GFC. The idea was to write off a certain proportion of debt, but also give some cash to those without debt in order to avoid the 'moral hazard' that would come to just forgiving debts.

Personally I think we could do things better in the world, but we have to first and foremost reward those that do productive work. One thing I see from the left, is the desire to equalize everyone's wages by stripping every last dollar off someone who works hard.
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createdby
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peter fraser
18 Sep 2015, 09:40 AM
China is experiencing a slow down because they are transitioning from a manufacturing economy to a consumption economy. When the Chinese people begin to spend more the world will take off again, especially if that coincides with the USA and Europe also returning to retail therapy.
Fucking naïve to think you can turn $2 a day factory workers into a nation of the consumers overnight.

Consumerism needs billions in investment in advertising to tap into the inner insecurities of people and make them buy shit. You need research, focus groups, airtime, print, media, a whole fucking industry that can't be created overnight, no less run by central government bureaucrats. Creative people need to run this shit.

Consumerism is also sustained by credit cards offers in the mail, installment schemes, leasing schemes, and a whole bunch of credit industry products and services to keep consumers spending beyond their means.

Can't fucking force $2 a day workers or even the regular Chinese middle class to go shopping on a hope, prayer, or commie decree (they would rather day trade).

China won't have a plan B beyond cheap labor for western consumers. Their copycat dream of fostering internal consumption without a corresponding massive investment in advertising, consumer loan industry, etc is naïve, laughable, and pathetic.

They squandered their money investing on computer trading account kiosks instead of billboards and TV ads. They squandered even more capital from stock market speculation instead of fostering aggregate demand for their factories.

China is fucked. They will end up like Russia, but even worse.
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