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Anti Central bank people are not economist or data people and this is why they have failed not only in this cycle but have failed since 1913.
Logan has something to sell you.
et me quote myself here for a second
"A few questions for my American–bashing friends out there: Did you really (I mean really) think that we had 96,000,000 people looking for work? Did you really think that a rising federal debt was going to bring the end of the American empire? Did you really believe that all Americans are poor or just a few dollars away from poverty? Or were you just saying that so you could sell your solid gold bit coins and industrial sized containers of Dinty Moore beef stew to stock your bomb shelters? Tell the truth now, for once…
Tsk Tsk….. when the next recession comes and it will, I am sure you and all your trolls, orcs and goblins will crawl out of your caves to say “We told you!” But you still won’t be right. The next recession will not be the end of the world and not even the end of America – it will just be the next recession, followed by the next recovery. So stop embarrassing yourselves. I don’t care how much money you’re...
you don't QE
Anti Central bank people are not economist or data people and this is why they have failed not only in this cycle but have failed since 1913.
The only explanation I can give is that these people hate being alive, they regret ever being born and their sister soldiers the MMT people are almost just as bad.
looking at voter turnout in most years the public is not very interested - in anything.
Anti Central bank people are not economist or data people and this is why they have failed not only in this cycle but have failed since 1913.
We have over 155,000,000 people working
We have the Longest Job expansion ever
We have the largest job openings in the history of the world
Real wages are at all time highs
Retail sales are at all time highs
U.S. is about to have the longest economic expansion ever
Unemployment Claims to civilian labor force is at all time lows
Mostly I agree with your commentary however the central bank is not 100% at fault - it took voters to allow this decade after decade.
richwicks says
Our democratic republic, our free market economy, has been destroyed by them.
Mostly I agree with your commentary however the central bank is not 100% at fault - it took voters to allow this decade after decade.
Logan, creating a second profile to go for a new record in ignores?
he created a new account, something that is against the rules of the site.
I don't see any reason to allow this. The result will just be more personal attacks, as we keep seeing people's comments we long ago decided were of no interest.
How is it possible for there to be 2 exactly opposite views concerning the economy?
"The word ‘recovery’ has been invoked by people managing the financial world following the crisis of 2008. Unfortunately, no such recovery is under way. It is an illusion perpetuated by the twin Federal Reserve policies of ‘quantitative easing’ (QE or printing money) and ‘financial repression’ (artificially low interest rates).
It is a combination of the central banks of the United States, ECB and many other countries issuing vast amounts of newly printed money at ultra-low interest rates (hardly any interest to pay on inter-bank loans) and creating excessive monetary inflation to reduce the burden of existing debt by shrinking the ‘dollar-value’ of the national debt.
The programme is a racket, a Ponzi scheme, and is a fundamentally dishonest policy in which are enlisted the ‘Too-Big-To-Fail’ (TBTF) global mega-banks. They play casino games as middlemen, purveying US Treasury bonds to the Fed for mammoth commissions and fees. They are also recipients of a bottomless cascade of near-zero interest loans that can be rolled into securities paying a bit more interest and therefore providing a steady stream of zero risk profit in what is known as the ‘carry trade’ and Re-purchase agreements (RePos)."
https://www.theburningplatform.com/2018/06/02/the-financial-jigsaw-issue-no-3/