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Here it comes.............
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Re: Here it comes.............
yeah mr mike - this IS a chuckle:
The apparent success of quantitative easing in the US, where unemployment is beginning to come down and the housing market is finding its feet, means QE will be pursued with increasing vigour in all the main developed markets.
Having tested austerity to destruction in Europe and the UK – what Ray Dalio, a US hedge fund manager who has studied these periods calls “ugly deflationary deleveraging” – attention will shift to the American model. That means printing money until economic growth or inflation or both erode the real value of existing debts. It’s just money illusion, of course, but it sounds and feels painless, so it will be too hard to resist.
In parallel with this, the related policy of forcing real interest rates into negative territory by keeping the nominal interest rate on government bonds below the rate of inflation will continue. This “financial repression” is effectively a tax on creditors (savers) and a transfer of wealth to borrowers (the Government). If that sounds like slow-motion confiscation, there is a good reason for that.
dunno about "the borrowers" being the government - unless he means this government??
so then in that case, all we need now is more cheerleading from the debt monger himself
and more propaganda that goes basically along the lines of:
taxcut deficits are bad
vs
gov cuts/austerity is worse
so we should just continue to print yet more billions to 'stimulate the wealth effect'
when 6 TRILLION in just the past 4years hasnt even been able to fix the bear market, in actual numbers, never mind real value?
if this is 'successful' ?
i sure as hell dont want to find out what failure is...
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Re: Here it comes.............
Agreed!
I love to meet Debbie H of Blondie, but i wouldn't want to shag her now!
I watched a BBC doc on a Whore house in the US, My GOD....9 out of 10 of them were Dogs!.....i pay NOT to sleep with them!!!
Number 10 was "Ok".......ish.
Mike
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Re: Here it comes.............
And soon, we will see the opposite. Austerity will visit the United States for a brief period. We shall see what happens.
If most of the bailout money has been going to people who do not spend it (bankers, billionaires, etc), there may be little difference. The food stamps will still be provided. And, that is enough to keep people from rioting.
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