Is diss da nu format?
If so, then just two comments.
- Can’t see what you’ve stuck on yer head (or which cup yer drinking from)
- No clicky links to hyperleap me to the Source of da stuff
I just checked …… and it looks like I can put the link into a presentation.
I will try next time.
See how we go.
I am trying to make it easier and quicker (as fewer and fewer people are watching~!)
Yep, it has gone sort of quiet around here.
Wonder what happened? There was a flurry of activity over money creation and banking and then it all died away. Perhaps they are all away on summer holidays.
I see that the central banks feel the need to justify their actions and are putting out some propaganda on both sides of the Atlantic about how their actions have boosted pension schemes, supported asset prices and ensured the “recession” was not even worse than it is. I suppose we have to accept what they say.
But difficult to see how they can now reverse out of their positions, selling bonds and raising interest rates? Maybe not even in my lifetime. They are still talking about reducing interest rates even further. It’s Japan coming to the west. It’s a mess.
A flat lining economy is the only future possible for a lot of economies. Martenson recently pointed out that the blasted boomers are not sticking to the “deal”. If there was indeed ever a deal. Instead of retiring and going into spend mode, the buggers are planning on working a few more years.
The thought of two decades of retirement is maybe a little daunting to those with no interests outside of work. I myself find it now difficult to work out how I managed to find time to work. There are so many things that fascinate me.
Time to eat. Maybe a pizza tonight might be good.
Pizza is fascinating (if you make your own).
I think central banks are worried they are going to get blamed for bailing out the banks.
That’s why I think they will go and ask government what they can do for them.
Pizza was OK. Can’t be bothered in cooking at home, paid EUR 4 for a reasonable construction out of cheese and salami by an Italian guy. I suppose I eat to survive, rather than living to eat. There is always something I would rather be doing than sitting down and having two hour meals.
I think that the governments are seen as bailing out the banks. The CB’s have put themselves in the “economic stimulus” park, although essentially they have bailed out the banks.
But is there anything else the CB’s can do?
They have reduced the cost of government borrowing to zero.
They have reduced the interest rates to zero.
They have issued propaganda keeping the inflation expectations at a minimum.
The ECB can do quite a bit more (at the risk of upsetting the Germans), but the BoE and Fed are surely pretty much at the limit although monetising more government debt has to be on the cards.
As you said, we are now five years down the line since the crisis blew up. The “unusual” policy responses have become the new “normal” responses. There is no sign of any substantial economic growth across the western economies.
Looks like they have reached the summit and fallen, peaking on a final real estate bubble.
CB’s will have to seriously review what their job is~!
(government is the only one who can tell them)
I think the German constitutional court will give the green light on 12 Sep ?
One day, they will tell them to have a referendum.
Actually a rather piss-poor article. But this comment sums it up.
“ found this article interesting and read it twice. And the one major thing I took away from it (as a non-Briton) is how self-entitled British folks come across as. Even the “solutions” provided at the end seem mostly of expecting the government to provide and take care of you. I’m not quite sure if Britons truly ever realize how they come across to much of the world. My spouse (British) is wealthy and has never had a disadvantaged life but still seems to be severely afflicted with this mentality that the government needs to help poor and disadvantaged people with benefits and housing. It’s frustrating to deal with, but it seems to be a cultural phenomenon.”
Yep, the Nanny State mentality has completely taken over. The government will provide and make things better. And that is what is expected, that is what we are paying taxes for, isn’t it?. Employers are forced into complying with regulations set up to support the Nanny State. And that is why we are in the bloody mess.
In Asia you will not find a Nanny State.
Want to sell clothes from your front garden?
Noodle soup stand?
Small convenience store in your front room?
All no problem, no hassle.
Try doing that in the UK.
We could certainly do with major relaxation in Planning restrictions, they are a major cost to the economy and cause of delay. Most of it is utterly pointless, self opinionated and subjective. Yes we need Planning but do we really need approval to build decking more than 300mm off the ground or build a room at the side of the house?
There is a lot of other ‘beneficial’ legislation and how it is imposed that adds layers of officialdom and cost. Disabled access, Health and Safety, the energy rating nonsense, all the equality stuff, employment legislation, maternity leave….. Some of it is inappropriately applied at ferocious cost on small businesses and a lot of it is counter productive, hence short term employment contracts etc. Even when desirable the manner of applying is itself inappropriate and often fragmented and cumbersome. An utter mess and a serious cost to the economy.
I prefer to consider the fundamental parts of the nanny state, health & education, some sort of safety net as a mutual insurance scheme. Provided they are run simply and efficiently not a problem, but they are not and are often used as political footballs.
I can go with a simple and efficiently run safety net.
But the guys in charge have their ambitions to “grow the business”.
If there is no hard requirement to balance the books and make a profit, the government will always think of more stuff to regulate, support and manage.
Wouldn’t it be a pleasant surprise to have a shrinking government with most of its services run locally where we can check how they spend. The one that always astounds me is the overrun in defence contracts.
The amount of money that Governments seem to be able to waste is staggering and seldom is anyone held to account.
A “pleasant surprise” is not coming up your way any time. The last thing they want is being held locally accountable by the tax payers.
The whole military thing is a total waste. They have a licence to print money based on “we need to defend the country”, and they can conjure up all sorts of possible threats to defend against.
can you do a vid on gold changing from tear 3 asset to tear 1 asset.
I need more viewers and especially COMMENTERS. It seems folks are too good to listen to me preach about how they should SAVE their money now that they hear the thing about me not paying taxes.
In another off the point entry, can’t we use natural gas to make methanol. The US has soo much natural gas and we need gasoline. Seems like a natural fit.
The concept of “demand” is very broken in economics. In the physical world, the force to drive something comes from somewhere. That somewhere is the first mathematical point to understanding how something actually works.
Economics tries to invert this, like pushing on a string.
I will be glad when modern economics if fully discredited.