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Steve Keen Predicts Recession in 2017; Has no doubt that he is right (once again)
Topic Started: 25 Nov 2016, 06:56 PM (5,602 Views)
Trollie
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Simon_S
25 Nov 2016, 07:16 PM
He only needs to be right Once.

You need him to be wrong forever.

What are the Odds of you being right forever.
No we don't need to be correct forever. Holding out on investment for a decade hoping for a crash leaves you poorer even if a crash does come.

Time is on my side as an investor, not yours.
Rufus
25 Nov 2016, 06:56 PM
Steve Keen Predicts Recession in 2017

Often wrong but he's not in any doubt.
I believe Steve has claimed a recession every year since 2008, since he got a taste for fame.
Edited by Trollie, 26 Nov 2016, 11:04 AM.
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Foxy
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Zero is coming...

Understand that he is a professor,

He is in my opinion correct.

Perhaps his error is that he sees the economics as a finite science, we the humans being the children of infinity act differently.

I can see the day when a rocket leaves earth for the sun and the debt is on-board, it is then incinerated upon impact.

Steve may say this is insane.

So lets see.

All excess capacity could be used to explore space, every single human would be put to work to build the equipment needed to get humanity to the stars.

Steve wastes his time on the trivial matters of man.

Steve, join the space exploration.

Peter

Edited by Foxy, 26 Nov 2016, 05:07 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Elastic
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Yes Foxbat, the government could help to reduce the excess capacity.
The nature of capitalism is to produce greater efficiency by keeping wages as low as possible and employ the minimum number of people required to maximise profits. The call by some in the Liberal party to reduce company tax to increase employment is a nonsense.
So how do we deal with a system that moves a greater share of wealth to owners of capital while reducing the proportion of wealth to workers?
You can get government to step in and make use of the excess capacity.
How do they pay for this?
Seems pretty logical that you need to increase the taxes on the owners of capital to keep the budget balanced. But hear the cries of the business lobbyists and the wealthy as they cry out in anger.
The other option is to get the government to continue running deficits into oblivion or monetise their debt through the central bank.
It's pretty obvious what needs to be done to balance things out but those that control power and policy are having none of it.
Only a rat can win a rat race.

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Trollie
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Elastic
26 Nov 2016, 02:39 PM
Yes Foxbat, the government could help to reduce the excess capacity.
The nature of capitalism is to produce greater efficiency by keeping wages as low as possible and employ the minimum number of people required to maximise profits. The call by some in the Liberal party to reduce company tax to increase employment is a nonsense.
So how do we deal with a system that moves a greater share of wealth to owners of capital while reducing the proportion of wealth to workers?
You can get government to step in and make use of the excess capacity.
How do they pay for this?
Seems pretty logical that you need to increase the taxes on the owners of capital to keep the budget balanced. But hear the cries of the business lobbyists and the wealthy as they cry out in anger.
The other option is to get the government to continue running deficits into oblivion or monetise their debt through the central bank.
It's pretty obvious what needs to be done to balance things out but those that control power and policy are having none of it.
What rubbish.

Capitalism has been the driving force behind our vastly improved standards of living in the last 100 years.

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deluded
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Trollie
26 Nov 2016, 03:04 PM
What rubbish.

Capitalism has been the driving force behind our vastly improved standards of living in the last 100 years.
Yes. But are you not aware of diminishing returns?

Real Trump News -- Real Climate Science News -- Real Democrat Party News
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Trollie
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deluded
26 Nov 2016, 03:14 PM
Yes. But are you not aware of diminishing returns?
Are you not aware the moon is made of cheese?
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Foxy
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Zero is coming...

Elastic
26 Nov 2016, 02:39 PM
Yes Foxbat, the government could help to reduce the excess capacity.
The nature of capitalism is to produce greater efficiency by keeping wages as low as possible and employ the minimum number of people required to maximise profits. The call by some in the Liberal party to reduce company tax to increase employment is a nonsense.
So how do we deal with a system that moves a greater share of wealth to owners of capital while reducing the proportion of wealth to workers?
You can get government to step in and make use of the excess capacity.
How do they pay for this?
Seems pretty logical that you need to increase the taxes on the owners of capital to keep the budget balanced. But hear the cries of the business lobbyists and the wealthy as they cry out in anger.
The other option is to get the government to continue running deficits into oblivion or monetise their debt through the central bank.
It's pretty obvious what needs to be done to balance things out but those that control power and policy are having none of it.
Reduce taxes
Build pyramids (in this case space colonization)
This can and probably will be done by private enterprise

Ultimately humans at this time have the consciousness to be able to recognise the existence of the universe

The DNA that is in your system and therefore in the universe now will explore itself in a journey of self understanding., like a young child.

So visualize the universe as a huge body, it just has to connect the dots to be a true super organism.

We have the brains capable of organising that potential from infinity.

Or infinity has the potential of creating our brains and what they could become.

So together we are one...




Edited by Foxy, 26 Nov 2016, 05:08 PM.
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Foxy
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Zero is coming...

Meanwhile back in Australia lets bid up the price of each others pile of sticks and mud...

Simple creatures... :z: :z: :z:
Here is an Australian Astra naught training program, not sure how well it is going.

But maybe they will get there...


http://www.bing.com/videos/search?q=pigs+in+a+pig+pen&&view=detail&mid=C10C35F5EED1AAD1D9BCC10C35F5EED1AAD1D9BC&FORM=VRDGAR

Maybe for some trading piles of sticks is were it is at???

:bl: :bl: :bl:
Edited by Foxy, 26 Nov 2016, 05:14 PM.
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Simon_S
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Trollie
26 Nov 2016, 11:02 AM
No we don't need to be correct forever.
That's the Great thing about it you cant.....
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Trollie
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Simon_S
26 Nov 2016, 05:31 PM
That's the Great thing about it you cant.....
That's ok because we don't need to be.

You however are on limited time.
Edited by Trollie, 26 Nov 2016, 05:33 PM.
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