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3. Deflationary depression: def. "an increase in standard of living"
I know this makes your head spin, I suppose because the worst time the United States endured was the great depression. But most depression occur with inflation. E.G. this economy is in a depression with inflation.
Just to be clear a depression:
Definition of 'Depression'
A severe and prolonged downturn in economic activity. In economics, a depression is commonly defined as an extreme recession that lasts two or more years. A depression is characterized by economic factors such as substantial increases in unemployment, a drop in available credit, diminishing output, bankruptcies and sovereign debt defaults, reduced trade and commerce, and sustained volatility in currency values. In times of depression, consumer confidence and investments decrease, causing the economy to shut down
As to the other you underestimate how hard it is to stay on top. And the greatest creator of inequality is inflation it helps the investor and hurts the worker. The most egregious in this regard is crony capitalism.
3. Deflationary depression: def. "an increase in standard of living"
You say that like its a bad thing.
Evidently there are no job losses in such a depression, just a tremendous strengthening of money (in the bread lines). The debt liquidation spiral is another myth, apparently, and we would have nothing to fear of the skyrocketing of real interest rates. But that's just that old pesky "number" thing the Austrians don't want to mess with. What could be more inconvenient than subtracting a negative number when measuring at all is frowned upon. I guess, when everyone's broke, it won't matter because supply will be infinite and price will be zero and everyone will have all they need, job or no.
So you prefer stagflation?
But most depression occur with inflation. E.G. this economy is in a depression with inflation.
I can't tell if you're being serious or just trolling at this point. The definition you posted completely refutes everything you are saying.
So you prefer stagflation?
So those are the only two choices? Depression or Stagflation?
I choose the third choice--slow growth with mild inflation.
The definition you posted completely refutes everything you are saying.
A depression is characterized by economic factors such as substantial increases in unemployment,
Yes
a drop in available credit
Yes
diminishing output
Yes but camouflaged by FED spending
bankruptcies and sovereign debt defaults
Yes in other countries but somewhat confused in this country because of the FED printing 6 trillion
consumer confidence and investments decrease
Yes but again camouflaged because of FED spending.
just screwing around on the FRED site over the years.
Do you know how to get a graph that shows the entire US private credit graph over a long period of time?
A depression is characterized by economic factors such as substantial increases in unemployment,
Yes
Unemployment has been falling for at least 2-3 years.
diminishing output
Yes but camouflaged by FED spending
There are no "but"s. Output is either diminished, or it's not.
bankruptcies and sovereign debt defaults
Yes in other countries but somewhat confused in this country because of the FED printing 6 trillion
Again. There is no confused. It's either yes or no.indigenous says
consumer confidence and investments decrease
Yes but again camouflaged because of FED spending.
NO! The answer is NO.
It's unbelievable how you guys can rationalize being 100% completely wrong. And pretend like you are right.
I picked the Panthers today. I was 100% correct but it was camouflaged by the 2 TDs from Capernick.
It's unbelievable how you guys can rationalize being 100% completely wrong. And pretend like you are right.
I picked the Panthers today. I was 100% correct but it was camouflaged by the 2 TDs from Capernick.
One of your problems is that you conflate things. Football does not have any thing to do with economic depression.
Malinvestment absolutely gives the appearance that things are better. This is the same thing that Japan is doing and destroying the Japanese people's savings in the process.
One of your problems is that you conflate things. Football does not have any thing to do with economic depression.
And you have a very difficult time with analogies. Obviously football has little to do with the economy. Wrong is wrong, however. Which is the point.
Malinvestment absolutely gives the appearance that things are better. This is the same thing that Japan is doing and destroying the Japanese people's savings in the process.
OK--give me a few examples of current "malinvestment". And how it's making the economy look better.
What specifically is Japan doing that is destroying people's savings?
Hmmm... I wonder why that is???
Yep--labor force participation rate is part of it. As is job creation.
OK--give me a few examples of current "malinvestment". And how it's making the economy look better.
Overpriced houses, GM, Solyndra, TBTF banks and AIG
And how it's making the economy look better.
The price of housing, stocks, and treasuries are overvalued
What specifically is Japan doing that is destroying people's savings
Printing money out of thin air.
Unemployment has been falling for at least 2-3 years.
Hmmm... I wonder why that is???
Oh come on CIC haven't you been listening it is caused by inequality...
OK--I'll actually agree that GM, AIG and the TBTF banks could be considered malinvestment. Houses and Solyndra are not. Bailouts are often poor investments.
Stupid Liberal to the core... to say "Housing and Solyndra are not malinvestments"..
LOL! how stupid...
Stupid Liberal to the core... to say "Housing and Solyndra are not
malinvestments"..
LOL! how stupid...
They are not. Look up the definition of malinvestment and get back with me.
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