Well my sharesave scheme has matured. I was going to keep the shares, as they have been growing and pay a damned fine dividend. But seeing how things are panning out, I think I'll take the cash. This is looking very nasty. I can't tell who will say uncle first.
Give ya an idea how conservative I am - I've made sure none of my bank accounts have more than $250K in them (the Oz guv guarantee).
Don't mess 'round with things ya don't understand is my motto!
But hey, THAT would put ladies off limits??? (Oh Well; Unless the things ya don't understand are TRUE necessities in life maybe? )
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
Give ya an idea how conservative I am - I've made sure none of my bank accounts have more than $250K in them (the Oz guv guarantee).
Absolutely, I'm in the same boat. But I think this whole shutdown thing has been overblown. I can't see anything dark and dangerous coming out of it. I could be wrong of course. But the next big thing, I predict, might be central banks cancelling government debt. That will be a turning point for the world economy when it happens. Government debt will get eliminated everywhere and the politicians will go on a renewed spending splurge. Don't want too much tucked away in cash management accounts if that happens.
Absolutely, I'm in the same boat. But I think this whole shutdown thing has been overblown. I can't see anything dark and dangerous coming out of it. I could be wrong of course. But the next big thing, I predict, might be central banks cancelling government debt. That will be a turning point for the world economy when it happens. Government debt will get eliminated everywhere and the politicians will go on a renewed spending splurge. Don't want too much tucked away in cash management accounts if that happens.
This is the 16th shutdown since 1975. We used to have them almost every year in the 90s.
Other than the slight drag on Q4 GDP for every week it goes on, nothing to see here folks. People will just get a little bit more angry with the GOP per day it continues.
The debt ceiling is another matter. But my feeling is that every day the shutdown goes on takes a little bit of bargaining power out of the hands of Boehner on that issue, so actually I hope the shutdown goes into next week at least. If it goes on for long enough, enough moderates in the GOP will rebel to allow a clean continuation and limit extension in concert with the Democrats. A bill to give a clean continuation would get up today if a renegade republican proposed it.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Give ya an idea how conservative I am - I've made sure none of my bank accounts have more than $250K in them (the Oz guv guarantee).
Absolutely, I'm in the same boat. But I think this whole shutdown thing has been overblown. I can't see anything dark and dangerous coming out of it. I could be wrong of course. But the next big thing, I predict, might be central banks cancelling government debt. That will be a turning point for the world economy when it happens. Government debt will get eliminated everywhere and the politicians will go on a renewed spending splurge. Don't want too much tucked away in cash management accounts if that happens.
Central Banks cancelling government debt will have no direct impact on the economy. Remember the debt reflects money already spent.
If, as you suggest, this gives the politicians the balls to spend a bit more money into existence, then the outcome may be lower unemployment.
I think this whole shutdown thing has been overblown. I can't see anything dark and dangerous coming out of it. I could be wrong of course. But the next big thing, I predict, might be central banks cancelling government debt. That will be a turning point for the world economy when it happens. Government debt will get eliminated everywhere and the politicians will go on a renewed spending splurge. Don't want too much tucked away in cash management accounts if that happens.
im of similar mind - the fun part will be how they go about it. Regardless of how it gets done i don't see any major regression in real terms. The people in charge have too much to lose.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
Central Banks cancelling government debt will have no direct impact on the economy. Remember the debt reflects money already spent.
If, as you suggest, this gives the politicians the balls to spend a bit more money into existence, then the outcome may be lower unemployment.
That can not be a bad thing could it?
Yes - referring to the economic boost from fresh borrowing and spending programmes after the slate has been wiped clean. Unemployment would fall and a new economic cycle would begin.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
But the next big thing, I predict, might be central banks cancelling government debt. That will be a turning point for the world economy when it happens. Government debt will get eliminated everywhere and the politicians will go on a renewed spending splurge. Don't want too much tucked away in cash management accounts if that happens.
Not sure what you mean. Debt cancellation, as in bankruptcy, means that the creditors lose all their money.
Cancelling the interest payments and redemption payments on government debt (bonds) would result in revolution. Almost every holder of super in Australia would lose some of their money. All bonds holders including foreign central banks and people who bought government bonds for safety would lose all their money.
The Aussie government has interest and redemption commitments extending over the next 20 years on its bonds. Reneging on those commitments would be default and would mean world isolation and civil unrest.
It isn't logical to claim that government debt could be cancelled if current interest and redemption payments were still to be honoured. A government with only cancelled debt has no interest and repayment obligations.
Even the Weimar Republic didn't actually choose to cancel its debts. It didn't have debts. The Weimar Republic problems arose from printing and buying foreign currency with that printing without issuing debt. It was that action which resulted in its currency becoming worthless.
If the government were to say it will honour existing debt but it will fund future expenditure by printing (without bond issuance or taxation) it would be similar to what the Weimar Republic did and would have the same result.
Central Banks cancelling government debt will have no direct impact on the economy. Remember the debt reflects money already spent.
If, as you suggest, this gives the politicians the balls to spend a bit more money into existence, then the outcome may be lower unemployment.
That can not be a bad thing could it?
I never really understand the b_b MMT style theories. Often they sort of make sense though. Kind of like if it was globally decided that everyone had to kill one person each. We would solve so many problems it makes perfect sense. The problem is it wouldn't be that simple.
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