"What we've seen in Japan is an amazing chapter in the ongoing drama of economics and the market -- a drama that no doubt has more in store for us." >>
Another "general" refighting the last war. Whether it is a good thing or a bad thing, the US is not Japan and the next 25 years won't be the last.
<< <i>Not sure that I have yet to see the deflation. Gas is cheaper....nothing else is.
Are you stating that you believe that everything on the planet, everywhere, except for gasoline, is priced as high as it has ever been? >>
Of course not, Baley. I do not see a drop in apartment rental rates or a basket of groceries or a trip to the dentist or the bottled water that I buy on the corner every other week. Don't see the $2.50 New York Times or the $4.00 Starbucks decline in price either.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Woohoo, tomorrow I'll get my 1/100,000 % interest on my cash account. A penny per thousand in the bank for savers at Wells, just ridiculous. >>
...ask them how much they will loan you at the same rate. >>
I did that once. I was even generous and offered to pay 2X what they were paying me. You could imaging on what kind of look I got from the banker man......
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
I remember the days when silver sat there at $5 … I mean weeks…. ooops, I remember those years. And those days lasted for years. That's why I recommend a good hobby like coin collecting. That's a lot different than investing/speculating, etc., and it takes less energy to "play" with money than to work with it. Less stress, too
GOP victories in Senate, House, and key Governor jobs makes continued mild deflation more likely.
I wouldn't be so sure about that. There's a bunch of Big Government glad-handers on the GOP side, and they're virtually indistinguishable from the Dems in many ways. I see about as much of a chance for budget restraint and fiscal control from Congress as a snowball's chance in Hades.
Q: Are You Printing Money? Bernanke: Not Literally
Good foundational analysis of the big picture. But big money will always shore up big money. Don't think the rich are getting any poorer, for a minute. This is a boost for middle class Americans. The interest rates being low never made sense to me. I can't seem to borrow for under 10% unless it's a home, and I already bought my home. And what went up ? Insurance, health care and taxes…. which I almost never need. …and groceries, of course which is sustenance for life (thankfully they don't tax that). I did eat Chinese take-out yesterday, after one lordmarcovan used psychological ops on me *, so I got hit with 10% sales tax on prepared food.
Now how would you fill in the blanks ? Of the _____, by the _______ and for the ________.
The FED has circled the wagons to boost/protect a petrodollar that has lost its place in foreign markets. How long the circle can remain intact remains to be seen. Sometimes to save your own butt you have to offer up someone else's. The yen and the euro are the two fattest turkeys available.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The FED has circled the wagons to boost/protect a petrodollar that has lost its place in foreign markets. How long the circle can remain intact remains to be seen. Sometimes to save your own butt you have to offer up someone else's. The yen and the euro are the two fattest turkeys available.
This is part of the trend towards regional reserve currencies that they talk about. Currency valuation will become a point of contention in every regional treaty or agreement, and when there is no dominant world power, it's almost inevitable that someone's gonna take a big hit when someone else decides to make a bigger grab outside their usual sphere. This never results in world peace, but let's not delude ourselves that we've ever had that.
Q: Are You Printing Money? Bernanke: Not Literally
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Japan just reported a nearly 2% drop in GDP growth. Gee, how could that be when taxation has soared as well as imports. Only shining light is the decline in oil, which is still up when translated to the sliding Yen.
<< <i>Japan just reported a nearly 2% drop in GDP growth. Gee, how could that be when taxation has soared as well as imports. Only shining light is the decline in oil, which is still up when translated to the sliding Yen. >>
Japan's downfall began years ago when it failed to adapt to China's takeover of the cheap consumer goods market.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus." >>
....and that is why former fed chairs and treasury secs will continue to get huge payoffs on Wall Street and no one seems to give a damn
So one can ascertain it all boils down to psychology/perception. People seem to be so busy with working more to maintain the level of comfort that cost them less in the past, and are too busy with day-day life to have the time to keep track of all the financial info. that they are bombarded with on a daily/constant/ever changing basis. That and the various material/tech. distractions that are so readily availiable as well.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus." >>
The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting.
The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting.
What's interesting about it? The central banks have been given a free pass by politicians to dole out newly-created wealth to their pet projects and best buddies. That money is long gone.
The only thing that's continuing to happen now is the monetization process to pin the debt onto the backs of taxpayers and to pay off the huge debts of the big banks that were caused by gross mismanagement, fraud and their huge gambling losses on financial derivatives - interest rate swaps and collateralized debt obligations.
It's not inflation when it's being consumed by debt liquidation. It's the sheer criminality of it that keeps me out of all of the markets. But hey, what's a few $trillions among banking and political fraudsters?
Those "massive extremes" of economic activity built the greatest country ever to exist. What's extreme is how $billions have turned into $trillions over the course of my adult life.
Q: Are You Printing Money? Bernanke: Not Literally
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus." >>
The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting. >>
Are you implying there is a hole in the bubble ? If so , when they stop blowing into it then the bubble will shrink . Money must be escaping through a hole in the bubble at a pace thats equal to the central banks printing.
The "money" that escapes the bubble , does it cease to exist? Is it destroyed?
<< <i>The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting. >>
consumers are not taking the bait. Many of them are not able to do so. More credit will do the job, but first employment needs to be more secure.
Money is not escaping the bubble because it either remains in over inflated assets or remains as excess reserve bank deposits with the FED.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"""The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting."""
It is apparent at the top of the income scale. Coin, Art and multimillion dollar homes are shattering records. Investment windfall is expanding valuation in the stock and bond markets.
Consumer inflation for the upper middle, middle and lower income classes remains high but not yet hyper.
It's the sheer criminality of it that keeps me out of all of the markets.
What is the criminality in the price of AAPL stock, or IBM, or AMGN, or ... I will agree with you on the valuation of some banks, but there is no criminality in evaluating the price of a share of Facebook. The FED has had no bearing on the valuation investors place on it. That said, the current valuation is not the one I would place on it, but there is nothing nefarious going on.
The FED might print a dollar, but it is the banks that lend it out 10x which created the inflation bubble we are now in. The FED is slowly deflating that bubble by exchanging the "dollars" that banks created with ones the FED creates. The net result is very little or no increase in liquidity or velocity, hence no inflation. Eventually inflation will return on a global scale, but there is still a lot of air in that bubble that needs to be removed.
Those "massive extremes" of economic activity built the greatest country ever to exist. What's extreme is how $billions have turned into $trillions over the course of my adult life.
Incorrect. Those billions turned into trillions due to the compounding effect of incessant inflation. Take a penny and double it everyday, in a month you will be rich beyond your dreams. But take a penny, double it for 9 straight days and then take a 50% haircut on day 10. Do that 3 times. Compare the two scenarios. Which one resulted in more pennies? And by how much?
The massive extreme to which I refer were well before your lifetime. You have only experienced inflation. You should be thankful for the creation of the FED.
Notice how big the declines in business activity (callled GDP after the Depression) were prior to 1933 when FDR took the dollar off the gold standard. I cannot think of more obvious data to present to you.
Notice how big the declines in business activity (callled GDP after the Depression) were prior to 1933 when FDR took the dollar off the gold standard. I cannot think of more obvious data to present to you. >>
Notice how big the declines in business activity (callled GDP after the Depression) were prior to 1933 when FDR took the dollar off the gold standard. I cannot think of more obvious data to present to you. >>
Hold on a second. The gold standard was already broken in 1933 thats why they had to revalue the dollar.
That dollar revaluation with respect to gold was a bailout of the Fed .
The wrecked the economy in a big way in less than 20 years from when they were given stewardship of it.
The recessions of the 1800's prove nothing. The United States was expanding its territory hugely within the context of the industrial revolution. Its remarkable that businesses were as stable as they managed to be.
Comments
Stocks crashing?
Oil crashing?
Gold benefitting from fear.
<< <i>Deflation continues. 10 yr US Treasury at 2%, 18 month low yield.
Stocks crashing?
Oil crashing?
Gold benefitting from fear. >>
Not sure that I have yet to see the deflation. Gas is cheaper....nothing else is.
<< <i>Japan is probably a good indicator for the US economic future
"What we've seen in Japan is an amazing chapter in the ongoing drama of economics and the market -- a drama that no doubt has more in store for us." >>
Another "general" refighting the last war. Whether it is a good thing or a bad thing, the US is not Japan and the next 25 years won't be the last.
edited for punc.
Are you stating that you believe that everything on the planet, everywhere, except for gasoline, is priced as high as it has ever been?
Liberty: Parent of Science & Industry
<< <i>Not sure that I have yet to see the deflation. Gas is cheaper....nothing else is.
Are you stating that you believe that everything on the planet, everywhere, except for gasoline, is priced as high as it has ever been? >>
The DOW--because everyone knows that it is the "stock market" --is lower than at any time in the last year.
Knowledge is the enemy of fear
<< <i>Not sure that I have yet to see the deflation. Gas is cheaper....nothing else is.
Are you stating that you believe that everything on the planet, everywhere, except for gasoline, is priced as high as it has ever been? >>
Of course not, Baley. I do not see a drop in apartment rental rates or a basket of groceries or a trip to the dentist or the bottled water that I buy on the corner every other week. Don't see the $2.50 New York Times or the $4.00 Starbucks decline in price either.
It may happen, but not yet.
Knowledge is the enemy of fear
<< <i>Bacon will be cheaper this winter. >>
Good thing for my neighbor Bob that lives on the stuff.
Seems like the processed, "value added" groceries maintain the increases.
<< <i>
<< <i>Bacon will be cheaper this winter. >>
Good thing for my neighbor Bob that lives on the stuff.
Seems like the processed, "value added" groceries maintain the increases. >>
Because thats what we like and buy the most. As long as consumers continue to think producers set prices we will have high(er) prices.
Knowledge is the enemy of fear
<< <i>Because thats what we like and buy the most. As long as consumers continue to think producers set prices we will have high(er) prices. >>
As long as people get free food earned on the backs of others, demand will drive prices higher.
<< <i>
<< <i>Because thats what we like and buy the most. As long as consumers continue to think producers set prices we will have high(er) prices. >>
As long as people get free food earned on the backs of others, demand will drive prices higher. >>
U mean demand 4 free food will go higher?...lol...
“Punishment Interest”
One way to drive people out of cash.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>German bank now paying (collecting) negative interest on deposits.'
“Punishment Interest” >>
Best to stay away from the Deutsche Skatbank.
A result of monetary policy run amok by 2nd rate leaders that have little regard for economics or the free market.
The implication is that it never really belonged to you. Therefore the appropriate strategic response is to not participate in the ruse.
The problem is, that I don't think they'll simply leave anyone alone. They're addicted to getting free stuff, at all levels.
I knew it would happen.
<< <i>Woohoo, tomorrow I'll get my 1/100,000 % interest on my cash account. A penny per thousand in the bank for savers at Wells, just ridiculous.
...ask them how much they will loan you at the same rate.
<< <i>
<< <i>Woohoo, tomorrow I'll get my 1/100,000 % interest on my cash account. A penny per thousand in the bank for savers at Wells, just ridiculous.
...ask them how much they will loan you at the same rate. >>
I did that once. I was even generous and offered to pay 2X what they were paying me. You could imaging on what kind of look I got from the banker man......
Too many positive BST transactions with too many members to list.
Markets are reacting properly to the election results. Stocks will be at new all time highs when they open this morning.
Gold is at a 4 year low.
Economic growth in the US will be slower than would be the case with fewer Democrats in key positions.
If you are not in stocks, the Grinch likely stole your Christmas.
<< <i>Economic growth in the US will be slower than would be the case with more Democrats in key positions. >>
Care to elaborate?
That's a lot different than investing/speculating, etc., and it takes less energy to "play" with money than to work with it. Less stress, too
I wouldn't be so sure about that. There's a bunch of Big Government glad-handers on the GOP side, and they're virtually indistinguishable from the Dems in many ways. I see about as much of a chance for budget restraint and fiscal control from Congress as a snowball's chance in Hades.
I knew it would happen.
<< <i>I see about as much of a chance for budget restraint and fiscal control from Congress as a snowball's chance in Hades.[/ >>
Perhaps less. GOP likes to cut taxes as they spend like drunken sailors. It was a night of poor choice vs poor choice.
New all time high on S&P 500.
Gold and silver breaking down at new 4 year lows.
Interest rates at near historic lows.
Mild worldwide deflation continues.
This is a boost for middle class Americans. The interest rates being low never made sense to me. I can't seem to borrow for under 10% unless it's a home, and I already bought my home.
And what went up ? Insurance, health care and taxes…. which I almost never need.
Now how would you fill in the blanks ?
Of the _____, by the _______ and for the ________.
* think egg roll
Box of 20
to new highs.
New all time high on S&P 500.
Gold and silver breaking down at new 4 year lows.
Interest rates at near historic lows.
Mild worldwide deflation* continues.
Deflation*, except for money creation & financial assets.
The markets have now been conditioned not to fear inflation.
QE hasn't ended. The electronic money being created in one country is fungible for whatever purposes in another country.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
This is part of the trend towards regional reserve currencies that they talk about. Currency valuation will become a point of contention in every regional treaty or agreement, and when there is no dominant world power, it's almost inevitable that someone's gonna take a big hit when someone else decides to make a bigger grab outside their usual sphere. This never results in world peace, but let's not delude ourselves that we've ever had that.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Japan just reported a nearly 2% drop in GDP growth. Gee, how could that be when taxation has soared as well as imports. Only shining light is the decline in oil, which is still up when translated to the sliding Yen. >>
Japan's downfall began years ago when it failed to adapt to China's takeover of the cheap consumer goods market.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
deflationary indicator.
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Money Illusion
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus." >>
....and that is why former fed chairs and treasury secs will continue to get huge payoffs on Wall Street and no one seems to give a damn
Jonathon Gruber was correct.
<< <i>Money Illusion
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus." >>
The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting.
Knowledge is the enemy of fear
What's interesting about it? The central banks have been given a free pass by politicians to dole out newly-created wealth to their pet projects and best buddies. That money is long gone.
The only thing that's continuing to happen now is the monetization process to pin the debt onto the backs of taxpayers and to pay off the huge debts of the big banks that were caused by gross mismanagement, fraud and their huge gambling losses on financial derivatives - interest rate swaps and collateralized debt obligations.
It's not inflation when it's being consumed by debt liquidation. It's the sheer criminality of it that keeps me out of all of the markets. But hey, what's a few $trillions among banking and political fraudsters?
Those "massive extremes" of economic activity built the greatest country ever to exist. What's extreme is how $billions have turned into $trillions over the course of my adult life.
I knew it would happen.
<< <i>
<< <i>Money Illusion
"Central bankers use money illusion to transfer wealth from you — a saver and investor — to debtors. They do this when the economy isn’t growing because there’s too much debt. Central bankers try to use inflation to reduce the real value of the debt to give debtors some relief in the hope that they might spend more and help the economy get moving again."
And this folks is why the FED will stimulate inflation, most likely with further monetary "stimulus." >>
The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting. >>
Are you implying there is a hole in the bubble ? If so , when they stop blowing into it then the bubble will shrink . Money must be escaping through a hole in the bubble at a pace thats equal to the central banks printing.
The "money" that escapes the bubble , does it cease to exist? Is it destroyed?
<< <i>The FED has been trying to stimulate inflation since its inception because the boom and bust cycle of being on a "gold standard" resulted in massive extremes of economic activity. The result has been a massive inflation bubble. That bubble doesnt seem to be expanding much even with every central bank on the planet blowing into it. Interesting. >>
consumers are not taking the bait. Many of them are not able to do so. More credit will do the job, but first employment needs to be more secure.
Money is not escaping the bubble because it either remains in over inflated assets or remains as excess reserve bank deposits with the FED.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It is apparent at the top of the income scale. Coin, Art and multimillion dollar homes are shattering records. Investment windfall is expanding valuation in the stock and bond markets.
Consumer inflation for the upper middle, middle and lower income classes remains high but not yet hyper.
What is the criminality in the price of AAPL stock, or IBM, or AMGN, or ... I will agree with you on the valuation of some banks, but there is no criminality in evaluating the price of a share of Facebook. The FED has had no bearing on the valuation investors place on it. That said, the current valuation is not the one I would place on it, but there is nothing nefarious going on.
Knowledge is the enemy of fear
Knowledge is the enemy of fear
Incorrect. Those billions turned into trillions due to the compounding effect of incessant inflation. Take a penny and double it everyday, in a month you will be rich beyond your dreams. But take a penny, double it for 9 straight days and then take a 50% haircut on day 10. Do that 3 times. Compare the two scenarios. Which one resulted in more pennies? And by how much?
The massive extreme to which I refer were well before your lifetime. You have only experienced inflation. You should be thankful for the creation of the FED.
Knowledge is the enemy of fear
Here is your truth
Notice how big the declines in business activity (callled GDP after the Depression) were prior to 1933 when FDR took the dollar off the gold standard. I cannot think of more obvious data to present to you.
Knowledge is the enemy of fear
<< <i>Oh boy, those exclamation points are gonna hurt.
Here is your truth
Notice how big the declines in business activity (callled GDP after the Depression) were prior to 1933 when FDR took the dollar off the gold standard. I cannot think of more obvious data to present to you. >>
ahh, i cant see it...lol...
<< <i>Oh boy, those exclamation points are gonna hurt.
Here is your truth
Notice how big the declines in business activity (callled GDP after the Depression) were prior to 1933 when FDR took the dollar off the gold standard. I cannot think of more obvious data to present to you. >>
Hold on a second. The gold standard was already broken in 1933 thats why they had to revalue the dollar.
That dollar revaluation with respect to gold was a bailout of the Fed .
The wrecked the economy in a big way in less than 20 years from when they were given stewardship of it.
The recessions of the 1800's prove nothing. The United States was expanding its territory hugely within the context of the industrial revolution. Its remarkable that businesses were as stable as they managed to be.
<< <i>You should be thankful for the creation of the FED. >>
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Honestly, I can't tell if you are Bart or Homer.
I'm really not sure what the presentation of economic data has to do with ones character.
I find your psychology to be fascinating.
Knowledge is the enemy of fear