tag:blogger.com,1999:blog-8515247115132134144.post7478180296772753088..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Piccadilly's in a Dilly of a PickleStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-8515247115132134144.post-41667255790546378422012-09-14T12:36:51.496-07:002012-09-14T12:36:51.496-07:00nanute,
Desperate times call for desperate measur...nanute,<br /><br />Desperate times call for desperate measures.<br /><br />I'm confident that the next president will sufficiently panic from 2013 to 2017, lol. Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-82570363603093818352012-09-14T12:31:06.036-07:002012-09-14T12:31:06.036-07:00mab,
We have a demand problem. Too many have too ...mab,<br /><br /><i>We have a demand problem. Too many have too much debt and not enough income.</i><br /><br />The middle class is being sucked dry.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-85187802053579091112012-09-14T02:29:06.158-07:002012-09-14T02:29:06.158-07:00Mab,
"Get used to deficits. Either the Gov...Mab,<br />"Get used to deficits. Either the Gov't provides the demand or the system will collapse." Well, if the Republican's in Congress and Romney get their way, I suspect your observation will become painfully obvious. nanutehttps://www.blogger.com/profile/04526158764171117978noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-81468239579508735142012-09-14T01:43:44.788-07:002012-09-14T01:43:44.788-07:00When the Fed funds a loan, that's high-power m...<i>When the Fed funds a loan, that's high-power money entering the system.</i><br /><br />Troy,<br /><br />High powered money and the multipliers that go with it are myths (or lies). Banks do not make loans based on reserves. No joke. Banks make loans and then the Fed provides aggregate reserves to the system as needed. The text books and the "experts" have it wrong! <br /><br />QE does not work the way that the most believe - again bank loans are not based on reserves. The system already has a shed load of excess reserves and adding more will not result in increased bank loans, as if we need more. We have a demand problem. Too many have too much debt and not enough income. <br /><br />Get used to deficits. Either the Gov't provides the demand or the system will collapse. <br /><br />Talk about social injustice. If people ever get their minds around what has happened and how the system works.............<br /><br /><br /><br />mabnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-16960388675046222442012-09-13T22:37:49.247-07:002012-09-13T22:37:49.247-07:00As seen on the Internet...
Q: What do you call tw...As seen on the Internet...<br /><br /><i>Q: What do you call two elephants on a bicycle?<br><br />A: Optimistic!</i>Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-27324421105476842192012-09-13T21:28:53.829-07:002012-09-13T21:28:53.829-07:00When the elephants fight it is the grass that suff...When the elephants fight it is the grass that suffers.Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-50743717937380496142012-09-13T19:48:39.628-07:002012-09-13T19:48:39.628-07:00Troy,
Buy gold, LOL
"They" got to you!...Troy,<br /><br /><i>Buy gold, LOL</i><br /><br />"They" got to you! Say it isn't so.<br /><br />Cut out the middle metal and head straight to the toilet paper aisle! You know you want to! ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-23556743700931884942012-09-13T19:46:42.103-07:002012-09-13T19:46:42.103-07:00mab,
He claimed that as house prices rise, people...mab,<br /><br /><i>He claimed that as house prices rise, people will feel wealthier and spend more.</i><br /><br />So we can repeat the cycle of tapping that equity? Yes! Babies need new shoe! You can't whine if you don't play! ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-33281442520682798412012-09-13T18:40:12.005-07:002012-09-13T18:40:12.005-07:00"How'd that work out for the majority? &q..."How'd that work out for the majority? "<br /><br />We got 140 million jobs out of the housing bubble:<br /><br /><a href="http://research.stlouisfed.org/fred2/series/PAYEMS/" rel="nofollow">http://research.stlouisfed.org/fred2/series/PAYEMS/</a><br /><br />$500B/yr of money creation will in fact push a couple of trillion of M2 eventually I guess.<br /><br />When the Fed funds a loan, that's high-power money entering the system.<br /><br />When Fannie Mae funds a loan, that's money that was taken OUT of the system via taxes or bond purchases.<br /><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=aF5" rel="nofollow">http://research.stlouisfed.org/fred2/graph/?g=aF5</a><br /><br />compares our M2 (blue) vs Japan (red). Japan's was dolarized at a constant ¥125 rate. <br /><br />We kinda need a weaker dollar if we want to be wage-competitive with Europe. The only way AFAIK to get a weaker dollar vis-a-vis them is to outprint them.<br /><br />Buy gold, LOL<br /><br />Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-19999435119304709372012-09-13T18:26:57.090-07:002012-09-13T18:26:57.090-07:00http://i.imgur.com/a4Pnx.png
I just had to do it....<a href="http://i.imgur.com/a4Pnx.png" rel="nofollow">http://i.imgur.com/a4Pnx.png</a><br /><br />I just had to do it.Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-26588977234107590762012-09-13T17:40:08.631-07:002012-09-13T17:40:08.631-07:00is it ever really possible to have too much gallow...<i>is it ever really possible to have too much gallows sarcasm? </i><br /><br />Stag,<br /><br />If we ignore bubbles, is it possible to have too much prosperity? <br /><br />I caught a snippet of Bernanke on the TV today. He claimed that as house prices rise, people will feel wealthier and spend more. Hmmmn, didn't we have increased spending during the housing bubble? How'd that work out fo rthe majority? <br /><br />Funny that Bernanke never mentioned real house price increases either. <br /><br />Bernanke is a propagandist and a liar......... an advocate for financial fraud. QE is a backwards way of manipulating interest rates and Bernanke knows it. mabnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-83870556205875338502012-09-13T16:16:09.647-07:002012-09-13T16:16:09.647-07:00I actually ate at this restaurant chain about a de...I actually ate at this restaurant chain about a decade ago. It was a trip to Tennessee to see my girlfriend's family.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com