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Thread: You cannot ignore economic reality.

  1. #31

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    https://dailyreckoning.com/japan-on-a-larger-scale/
    Most likely Hyperboil or Silly Speculation.. I do have a copy
    of Rickards "death of money" though.
    And his Opening Statements in the First Pages
    are 100% Accurate IMHO
    x3

  2. #32

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    Quote Originally Posted by silverone View Post
    https://dailyreckoning.com/japan-on-a-larger-scale/
    Most likely Hyperboil or Silly Speculation.. I do have a copy
    of Rickards "death of money" though.
    And his Opening Statements in the First Pages
    are 100% Accurate IMHO
    Deflation or disinflation is a good thing, not a bad thing, which it is portrayed to be by those that benefit
    from inflation. Buying goods and services at a lessor price is a good thing for everyone.
    How, in this Owellian world, did most people except that continual higher prices, was a good thing and should be
    sought after.

  3. #33

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    Quote Originally Posted by brutus2 View Post
    Deflation or disinflation is a good thing, not a bad thing, which it is portrayed to be by those that benefit
    from inflation. Buying goods and services at a lessor price is a good thing for everyone.
    How, in this Owellian world, did most people except that continual higher prices, was a good thing and should be
    sought after.
    If you are in debt its very bad.

    If you live within your means and have money saved its a very good thing.
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  4. #34

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    [QUOTE=Miteysquirrel;2672860]If you are in debt its very bad.

    If you live within your means and have money saved its a very good thing.[/QUOTE

    Hence the problem, as the government is the worst offender in the debtor camp, and they have considerable
    influence on the narrative.

  5. #35
    Join Date
    Jan 2017
    Posts
    4,129

    Default

    MMT will replace central banking
    ------------------------------------

    This is an interesting report by Ray Dalio.

    https://www.zerohedge.com/news/2019-...mmt-inevitable

    A few points:

    ---Wall Street struggles to confront the rise of populism
    ---MMT (Modern Monetary Theory) has become inevitable
    ---central banks have already moved closer to MMT, by
    rampant money printing and are doomed to collapse under
    their own weight and unpopularity
    ---MP1 (Monetary Policy 1) consisted in rate cuts
    ---MP2 consisted in QE (Quantitative Easing)
    ---MP3 will consist in getting the economic machine to produce
    well being for most of the people. Fiscal and monetary policies will
    have to be coordinated.

  6. #36
    Join Date
    Jan 2010
    Posts
    13,311

    Default

    Quote Originally Posted by oak333 View Post
    MMT will replace central banking
    ------------------------------------

    This is an interesting report by Ray Dalio.

    https://www.zerohedge.com/news/2019-...mmt-inevitable

    A few points:

    ---Wall Street struggles to confront the rise of populism
    ---MMT (Modern Monetary Theory) has become inevitable
    ---central banks have already moved closer to MMT, by
    rampant money printing and are doomed to collapse under
    their own weight and unpopularity
    ---MP1 (Monetary Policy 1) consisted in rate cuts
    ---MP2 consisted in QE (Quantitative Easing)
    ---MP3 will consist in getting the economic machine to produce
    well being for most of the people. Fiscal and monetary policies will
    have to be coordinated.
    Unless a new theory of MMT has crept in, the old theory (old, huh!, like 5 years), Inflation stunts MMT as well. (Which is kind of an oxy-maroon (bugs bunny there), to us Austrians as to us, inflation is an increase in the money supply - not the CPE or CPI - but whose counting?
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  7. #37

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    The MMT dream is a dream, only childish people can believe it will work. But "democracy" can force the dream upon us, that is a possible reality, probably even inevitable, so the future minority should prepare how to survive such a period of dementia.

    Golditiki2+++

  8. #38

    Default

    ISM services index decelerates in April to lowest level in two years

    The big picture: The slowing readings suggest that the U.S. economy may be heading for rockier times even with a strong jobs market. The ISM manufacturing report also declined in April, falling to the worst level since President Trump was elected.

    What they’re saying: “We had a general slowing of business activity beginning in February. We initially believed that February’s slowness was primarily weather related, but the slowness continued into March and now April,” said one purchasing manager in wholesale trade.

    https://www.marketwatch.com/story/gu...3-9A89D9E42A27

  9. #39
    Join Date
    Jan 2017
    Posts
    4,129

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    Quote Originally Posted by oak333 View Post
    MMT will replace central banking
    ------------------------------------

    This is an interesting report by Ray Dalio.

    https://www.zerohedge.com/news/2019-...mmt-inevitable

    A few points:

    ---Wall Street struggles to confront the rise of populism
    ---MMT (Modern Monetary Theory) has become inevitable
    ---central banks have already moved closer to MMT, by
    rampant money printing and are doomed to collapse under
    their own weight and unpopularity
    ---MP1 (Monetary Policy 1) consisted in rate cuts
    ---MP2 consisted in QE (Quantitative Easing)
    ---MP3 will consist in getting the economic machine to produce
    well being for most of the people. Fiscal and monetary policies will
    have to be coordinated.
    Here you have a more detailed report about MMT:

    https://www.linkedin.com/pulse/its-t...ern-ray-dalio/

    MMT consists, at its very basics, of coordination between fiscal ( taxation + spending)
    and monetary ( interest rates + quantitative easing).

    There are many configurations possible.

  10. #40

    Default

    Everything is fine move along....LOL


    Home sales fell in April despite a big drop in mortgage rates

    Nestle's U.S. Unit Will Slice 4,000 Jobs in Delivery Change

    Dressbarn closing all 650 stores nationwide

    Ford to eliminate 7,000 jobs, or 10% of workforce, by end August


    AS long as the bankers and wall street are earning its all good.......Stocks going higher

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