Are central banks (BOJ, EU and USA) setting up the biggest crash ever?

[Dovahkiin]

It's obvious by now Krugmanomics of stupidly priced credit issued by central banks is just setting up the planet for the biggest failure in human history.

Japan is its THIRD FULL DECADE of a slump, have dropped rates to ZERO and is only causing more grief as citizens are literally stuffing their cash in home safes. The BOJ is the largest issuer/purchaser of debt in the country, is drowning their country in debt and choking off sane investment. AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

The EU is also in stupidland with essentially 0% financing and their economies are all stuck

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

It's intentional too

Japan is its THIRD FULL DECADE of a slump

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."

literally stuffing their cash in home safes.

That's one of the main problems.. spending is everything.

AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

He is correct.

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

China is a currency issuer. Their problems will come from private debt, if anything.

he EU is also in stupidland with essentially 0% financing and their economies are all stuck

Widespread austerity, stuck to the same currency. Who would've thought?

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

there no graceful exit

Lies. Fiscal policy.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

Cut taxes, instead of raising welfare/disability payments.
A 15% corporate rate would be a good start.
Cut 10% of Federal regulations a year.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.
I agree with reducing some federal regulations, but 10% a year? Nonsense.

 

[CrusaderFrank]

It's obvious by now Krugmanomics of stupidly priced credit issued by central banks is just setting up the planet for the biggest failure in human history.

Japan is its THIRD FULL DECADE of a slump, have dropped rates to ZERO and is only causing more grief as citizens are literally stuffing their cash in home safes. The BOJ is the largest issuer/purchaser of debt in the country, is drowning their country in debt and choking off sane investment. AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

The EU is also in stupidland with essentially 0% financing and their economies are all stuck

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

It's intentional too

Japan is its THIRD FULL DECADE of a slump

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."

literally stuffing their cash in home safes.

That's one of the main problems.. spending is everything.

AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

He is correct.

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

China is a currency issuer. Their problems will come from private debt, if anything.

he EU is also in stupidland with essentially 0% financing and their economies are all stuck

Widespread austerity, stuck to the same currency. Who would've thought?

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

there no graceful exit

Lies. Fiscal policy.

Helicopter money hasn't worked in three decades in Japan, but this time it'll work, trust us.

 

[william the wie]

CF just to give you some idea of how screwed up modern economic models are if you reread "The Selfish Gene" you'll find that it is mentioned in passing that all animals try to maximize great-grandchildren or equivalent and this was discovered in the late 60s/early 70s.yet that is still not incorporated into modern economic theory.

All major downturns involve people overleveraging themselves trying to create legacy money. In "Generations" the demographers Strauss & Howe tried to put together a four generation schema of US history but neglected to mention the biological evidence for it. That is truly screwed up.

 

[Toddsterpatriot]

It's obvious by now Krugmanomics of stupidly priced credit issued by central banks is just setting up the planet for the biggest failure in human history.

Japan is its THIRD FULL DECADE of a slump, have dropped rates to ZERO and is only causing more grief as citizens are literally stuffing their cash in home safes. The BOJ is the largest issuer/purchaser of debt in the country, is drowning their country in debt and choking off sane investment. AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

The EU is also in stupidland with essentially 0% financing and their economies are all stuck

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

It's intentional too

Japan is its THIRD FULL DECADE of a slump

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."

literally stuffing their cash in home safes.

That's one of the main problems.. spending is everything.

AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

He is correct.

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

China is a currency issuer. Their problems will come from private debt, if anything.

he EU is also in stupidland with essentially 0% financing and their economies are all stuck

Widespread austerity, stuck to the same currency. Who would've thought?

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

there no graceful exit

Lies. Fiscal policy.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

Cut taxes, instead of raising welfare/disability payments.
A 15% corporate rate would be a good start.
Cut 10% of Federal regulations a year.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.
I agree with reducing some federal regulations, but 10% a year? Nonsense.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.

People are spending. We need to do more producing. Higher taxes and more regs aren't helping.

I agree with reducing some federal regulations, but 10% a year? Nonsense.

I know, 20% a year would be better.

 

[Dovahkiin]

It's obvious by now Krugmanomics of stupidly priced credit issued by central banks is just setting up the planet for the biggest failure in human history.

Japan is its THIRD FULL DECADE of a slump, have dropped rates to ZERO and is only causing more grief as citizens are literally stuffing their cash in home safes. The BOJ is the largest issuer/purchaser of debt in the country, is drowning their country in debt and choking off sane investment. AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

The EU is also in stupidland with essentially 0% financing and their economies are all stuck

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

It's intentional too

Japan is its THIRD FULL DECADE of a slump

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."

literally stuffing their cash in home safes.

That's one of the main problems.. spending is everything.

AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

He is correct.

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

China is a currency issuer. Their problems will come from private debt, if anything.

he EU is also in stupidland with essentially 0% financing and their economies are all stuck

Widespread austerity, stuck to the same currency. Who would've thought?

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

there no graceful exit

Lies. Fiscal policy.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

Cut taxes, instead of raising welfare/disability payments.
A 15% corporate rate would be a good start.
Cut 10% of Federal regulations a year.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.
I agree with reducing some federal regulations, but 10% a year? Nonsense.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.

People are spending. We need to do more producing. Higher taxes and more regs aren't helping.

I agree with reducing some federal regulations, but 10% a year? Nonsense.

I know, 20% a year would be better.

People are spending.

Bullshit. Worldwide, demand is the problem holding us back.
Get money into the hands of the poor, create more sales.

We need to do more producing.

????
Manufacturing Sector: Real Output
I will agree we still have plenty of potential output, but demand creates supply, create the demand, and the supply follows.

Higher taxes and more regs aren't helping.

None of this matters if the people who spend aren't interested in buying. People are still deleveraging, and the problem is only going to get worse.
Read this:
Destabilizing an Unstable Economy | Levy Economics Institute
Future growth will require a massive increase in household debt. Good luck getting people spending once this happens.

I know, 20% a year would be better.

Yeah, great plan there. Offer something of substance.

 

[Dovahkiin]

It's obvious by now Krugmanomics of stupidly priced credit issued by central banks is just setting up the planet for the biggest failure in human history.

Japan is its THIRD FULL DECADE of a slump, have dropped rates to ZERO and is only causing more grief as citizens are literally stuffing their cash in home safes. The BOJ is the largest issuer/purchaser of debt in the country, is drowning their country in debt and choking off sane investment. AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

The EU is also in stupidland with essentially 0% financing and their economies are all stuck

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

It's intentional too

Japan is its THIRD FULL DECADE of a slump

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."

literally stuffing their cash in home safes.

That's one of the main problems.. spending is everything.

AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

He is correct.

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

China is a currency issuer. Their problems will come from private debt, if anything.

he EU is also in stupidland with essentially 0% financing and their economies are all stuck

Widespread austerity, stuck to the same currency. Who would've thought?

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

there no graceful exit

Lies. Fiscal policy.

Helicopter money hasn't worked in three decades in Japan, but this time it'll work, trust us.

You don't understand what you're talking about. You obviously know nothing about Japan's situation. Japan has, if I'm not mistaken, the highest savings rate in the world. They're trapped, and monetary policy cannot fix their problems. They need spending/inflation, and they can't get it.

 

[Dovahkiin]

I cringe when I hear academics talk about helicopter money. It would probably mean the end of the monetary system as we know it. Germany would leave the eurozone and the Federal Reserve would, at the very least, have its powers curtailed, if not reconfigured.

Nonsense. When controlling interest rates/QE fails, and growth is slow worldwide, what is left? Fiscal policy? I agree, but good luck getting these countries gripped by fear of government bonds to do that.

 

[Toddsterpatriot]

It's obvious by now Krugmanomics of stupidly priced credit issued by central banks is just setting up the planet for the biggest failure in human history.

Japan is its THIRD FULL DECADE of a slump, have dropped rates to ZERO and is only causing more grief as citizens are literally stuffing their cash in home safes. The BOJ is the largest issuer/purchaser of debt in the country, is drowning their country in debt and choking off sane investment. AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

The EU is also in stupidland with essentially 0% financing and their economies are all stuck

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

It's intentional too

Japan is its THIRD FULL DECADE of a slump

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."

literally stuffing their cash in home safes.

That's one of the main problems.. spending is everything.

AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

He is correct.

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

China is a currency issuer. Their problems will come from private debt, if anything.

he EU is also in stupidland with essentially 0% financing and their economies are all stuck

Widespread austerity, stuck to the same currency. Who would've thought?

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

there no graceful exit

Lies. Fiscal policy.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

Cut taxes, instead of raising welfare/disability payments.
A 15% corporate rate would be a good start.
Cut 10% of Federal regulations a year.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.
I agree with reducing some federal regulations, but 10% a year? Nonsense.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.

People are spending. We need to do more producing. Higher taxes and more regs aren't helping.

I agree with reducing some federal regulations, but 10% a year? Nonsense.

I know, 20% a year would be better.

People are spending.

Bullshit. Worldwide, demand is the problem holding us back.
Get money into the hands of the poor, create more sales.

We need to do more producing.

????
Manufacturing Sector: Real Output
I will agree we still have plenty of potential output, but demand creates supply, create the demand, and the supply follows.

Higher taxes and more regs aren't helping.

None of this matters if the people who spend aren't interested in buying. People are still deleveraging, and the problem is only going to get worse.
Read this:
Destabilizing an Unstable Economy | Levy Economics Institute
Future growth will require a massive increase in household debt. Good luck getting people spending once this happens.

I know, 20% a year would be better.

Yeah, great plan there. Offer something of substance.

I will agree we still have plenty of potential output, but demand creates supply, create the demand, and the supply follows.

Greeks have plenty of demand. They're not so good at production.
Adding more demand while making it more difficult to produce is Obama level stupidity.


Yeah, great plan there. Offer something of substance.

 

[Dovahkiin]

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."
That's one of the main problems.. spending is everything.
He is correct.

China is a currency issuer. Their problems will come from private debt, if anything.
Widespread austerity, stuck to the same currency. Who would've thought?
Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.
Lies. Fiscal policy.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

Cut taxes, instead of raising welfare/disability payments.
A 15% corporate rate would be a good start.
Cut 10% of Federal regulations a year.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.
I agree with reducing some federal regulations, but 10% a year? Nonsense.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.

People are spending. We need to do more producing. Higher taxes and more regs aren't helping.

I agree with reducing some federal regulations, but 10% a year? Nonsense.

I know, 20% a year would be better.

People are spending.

Bullshit. Worldwide, demand is the problem holding us back.
Get money into the hands of the poor, create more sales.

We need to do more producing.

????
Manufacturing Sector: Real Output
I will agree we still have plenty of potential output, but demand creates supply, create the demand, and the supply follows.

Higher taxes and more regs aren't helping.

None of this matters if the people who spend aren't interested in buying. People are still deleveraging, and the problem is only going to get worse.
Read this:
Destabilizing an Unstable Economy | Levy Economics Institute
Future growth will require a massive increase in household debt. Good luck getting people spending once this happens.

I know, 20% a year would be better.

Yeah, great plan there. Offer something of substance.

I will agree we still have plenty of potential output, but demand creates supply, create the demand, and the supply follows.

Greeks have plenty of demand. They're not so good at production.
Adding more demand while making it more difficult to produce is Obama level stupidity.


Yeah, great plan there. Offer something of substance.

View attachment 74151

Greeks have plenty of demand. They're not so good at production.

The greeks are being forced to decimate their population. They have plenty of idle resources (Labor) that the government isn't able to utilize. Anyways, Greece is a unique example, a country without its own currency, a country that is small.

Adding more demand while making it more difficult to produce is Obama level stupidity.

I'm trying to figure out where I said I want more regulations. But it's far simpler to simply get dollars into the hands of the poor, the people who spend all of their income. It's why cuts in food stamps decimate businesses. I can't stand people who believe the poor should simply live on $6 day. Imagine what that will do to the economy. That's another discussion though.

 

[Toddsterpatriot]

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

Cut taxes, instead of raising welfare/disability payments.
A 15% corporate rate would be a good start.
Cut 10% of Federal regulations a year.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.
I agree with reducing some federal regulations, but 10% a year? Nonsense.

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.

People are spending. We need to do more producing. Higher taxes and more regs aren't helping.

I agree with reducing some federal regulations, but 10% a year? Nonsense.

I know, 20% a year would be better.

People are spending.

Bullshit. Worldwide, demand is the problem holding us back.
Get money into the hands of the poor, create more sales.

We need to do more producing.

????
Manufacturing Sector: Real Output
I will agree we still have plenty of potential output, but demand creates supply, create the demand, and the supply follows.

Higher taxes and more regs aren't helping.

None of this matters if the people who spend aren't interested in buying. People are still deleveraging, and the problem is only going to get worse.
Read this:
Destabilizing an Unstable Economy | Levy Economics Institute
Future growth will require a massive increase in household debt. Good luck getting people spending once this happens.

I know, 20% a year would be better.

Yeah, great plan there. Offer something of substance.

I will agree we still have plenty of potential output, but demand creates supply, create the demand, and the supply follows.

Greeks have plenty of demand. They're not so good at production.
Adding more demand while making it more difficult to produce is Obama level stupidity.


Yeah, great plan there. Offer something of substance.

View attachment 74151

Greeks have plenty of demand. They're not so good at production.

The greeks are being forced to decimate their population. They have plenty of idle resources (Labor) that the government isn't able to utilize. Anyways, Greece is a unique example, a country without its own currency, a country that is small.

Adding more demand while making it more difficult to produce is Obama level stupidity.

I'm trying to figure out where I said I want more regulations. But it's far simpler to simply get dollars into the hands of the poor, the people who spend all of their income. It's why cuts in food stamps decimate businesses. I can't stand people who believe the poor should simply live on $6 day. Imagine what that will do to the economy. That's another discussion though.

They have plenty of idle resources (Labor) that the government isn't able to utilize.

If only they made production easier, instead of shoveling out welfare, pensions, government paychecks to fund consumption.....

I'm trying to figure out where I said I want more regulations.

If we're not cutting regulations, we're adding thousands a year. I know which I prefer.

But it's far simpler to simply get dollars into the hands of the poor, the people who spend all of their income.

Sure. It works for Greece. Durr.

 

[CrusaderFrank]

It's obvious by now Krugmanomics of stupidly priced credit issued by central banks is just setting up the planet for the biggest failure in human history.

Japan is its THIRD FULL DECADE of a slump, have dropped rates to ZERO and is only causing more grief as citizens are literally stuffing their cash in home safes. The BOJ is the largest issuer/purchaser of debt in the country, is drowning their country in debt and choking off sane investment. AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

The EU is also in stupidland with essentially 0% financing and their economies are all stuck

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

It's intentional too

Japan is its THIRD FULL DECADE of a slump

Liquidity trap. They can't use monetary policy to fix their problems. Aging population, responding to late to the crisis in the "lost decade," pumping money into businesses, a lack of inflation. The only possible solution is what some call "Helicopter money."

literally stuffing their cash in home safes.

That's one of the main problems.. spending is everything.

AND KRUGMAN JUST TOLD THE GOVERNMENT TO SPEND AND BORROW EVEN MORE!

He is correct.

China is in a slow motion collapse that will probably end in world war. They are liquidating their reserves and borrowing another years worth of GDP just to stay afloat.

China is a currency issuer. Their problems will come from private debt, if anything.

he EU is also in stupidland with essentially 0% financing and their economies are all stuck

Widespread austerity, stuck to the same currency. Who would've thought?

During Obama's Reign of stupid, the US has borrowed an extra years worth of GDP and only has an inflated stock market to show for it.

Not nearly enough. The stimulus should've been much longer and we shouldn't have shifted to deficit reduction.

there no graceful exit

Lies. Fiscal policy.

Helicopter money hasn't worked in three decades in Japan, but this time it'll work, trust us.

You don't understand what you're talking about. You obviously know nothing about Japan's situation. Japan has, if I'm not mistaken, the highest savings rate in the world. They're trapped, and monetary policy cannot fix their problems. They need spending/inflation, and they can't get it.

They "Need" inflation like the Titanic "needed" to hit a second iceberg to try to plug the whole caused by the first.

They need a real economy back, one fueled by savings and investment and not by destructive helicopter money.

 

[EdwardBaiamonte]

But it's far simpler to simply get dollars into the hands of the poor, the people who spend all of their income.

yep, exactly, just sent them the checks and create real economic growth. If they had only thought of that in the stone age we could have had a modern economy 5000 years sooner!!

See why we have to be positive that liberalism is based in pure ignorance? What other conclusion is possible.

 

[EdwardBaiamonte]

A cut in the corporate tax rate will do nothing to spur demand/investment when people aren't spending.

100% backwards stupid and liberal of course!! cut in taxes will keep corps from moving out and taking more millions of jobs with them!! 1+1=2 people who have jobs demand goods and services.OMG!!!!

 

[EdwardBaiamonte]

, what is left? Fiscal policy?

what is left when socialism fails????is a return to capitalism and 5% GDP.

 

[william the wie]

, what is left? Fiscal policy?

what is left when socialism fails????is a return to capitalism and 5% GDP.

Given the huge number of economic "facts" that people know that ain't so that will be difficult to pull off Look at the partial failures in 1998, 2000. 01 and 08.

 

[EdwardBaiamonte]

, what is left? Fiscal policy?

what is left when socialism fails????is a return to capitalism and 5% GDP.

Given the huge number of economic "facts" that people know that ain't so that will be difficult to pull off Look at the partial failures in 1998, 2000. 01 and 08.

as I said when socialism fails capitalism is the obvious choice. Do you understand?

 

[georgephillip]

This must end very badly, there no graceful exit and the Central Banks KNOW they're setting up a global economic collapse, unprecedented in history. There's no one left to bail anyone out! The lender of last resort are all tapped out.

Yet another example of how the "miracle of compound interest" manufactures debt faster than any productive economy can pay it off:
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 42)
"Evolutionary biologist Edward O. Wilson demonstrates how impossible it is for growth to proceed at exponential rates without encountering a limit.

"He cites 'the arithmetical riddle of the lily pond.

"'A lily pod is placed in a pond.'

"'Each day thereafter the pod and then all its descendants double.'

"'On the thirtieth day the pond is covered completely by lily pods, which can grow no more.”

"He then asks: 'On which day was the pond half full and half empty? The twenty-ninth day,' that is, one day before the half the pond’s lilies double for the final time, stifling its surface.'

"'The end to exponential growth thus comes quickly.'"

 

[Zander]

IMHO, The Fed needs to stop pussy footing around and raise rates. 1/8 or 1/4 a point per quarter would not be the end of the world.


Sent from my iPhone using Tapatalk

 

[georgephillip]

IMHO, The Fed needs to stop pussy footing around and raise rates. 1/8 or 1/4 a point per quarter would not be the end of the world.


Sent from my iPhone using Tapatalk

How did that work out the last time it was tried?

 

[Zander]

IMHO, The Fed needs to stop pussy footing around and raise rates. 1/8 or 1/4 a point per quarter would not be the end of the world.


Sent from my iPhone using Tapatalk

How did that work out the last time it was tried?

You tell me, how did it work out?