What’s goin’ on~?

  By Mystic | September 12, 2012 - 11:58 |

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Written by: Mystic on September 12, 2012.
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  • Windslice

    I suppose the labour force participation rate for women should also be looked at.

    http://research.stlouisfed.org/fred2/series/LNS11300002
    The rate climbed up to a peak of about 60% in 2001 and then slowly dropped a couple of percent.

    Looks like labour participation has peaked….

    Here’s Nige givin ‘em a bit of earache.

    http://www.youtube.com/watch?v=Vms_vd_yWgY&feature=player_embedded

    He is reckoning on another decade of “Euro-Misery”, as TPTB in Euroland refuse to listen to anything other than their ego’s.

    The petrol consumption chart is dropping more quickly than it ramped up. Wonder where it will stabilise?

    • http://overthepeak.com/wordpress/ Mystic

       I’ll use the girl’s participation rate in a video, because I think it is saying something (not sure what~?)

      I have this ready for watching ……. you may like it.  I think RD is sooper~!
      http://www.youtube.com/watch?v=SFaRazMpxcM&feature=player_embedded

      • Windslice

        Yep, worth watching. Although da bitch did get on me nerves wiv da interruptin an all.

        Will TPTB get the balancing act together? Probably not.

        I am beginning to wonder if the devil deflation is really so dreadful?

        But my personal interpolation of the current mood is that we are in for a long long long haul of minimal growth, housing stagnation and high unemployment. And nuffin TPTB can do will really change very much.

        So maybe they should ignore the quick fixes and “injections of stimulations” and plan for a decade of no growth, trying to wring out the inefficiencies in the economy and spread the load more evenly amongst the people?

        If they came clean and said that is what the future looks like, then people could also plan accordingly.

        But it won’t happen, because TPTB don’t think long term.

        • http://overthepeak.com/wordpress/ Mystic

           Yes, I thought Ray was very polite (in not giving her a slap).

          But, as he says …….. they do have to balance out the deleveraging or things turn to mega-shit (or `depression`).
          If those debts are not paid back, someone is going to lose.
          Da banks …………….
          Like’em or hate’em, they are handy to have around~!

          • CSArichardo

            Yep Ray is all about balancing his portfolio and being in the right investment mix before other people want to go to that mix !!   

  • Windslice

    http://www.bloomberg.com/news/2012-09-13/fed-plans-to-buy-40-billion-in-mortgage-securities-each-month.html
    Gold shot up and so did silver. Which is fine by me.

    “The Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment.”

    But will it work?

    I don’t think so.

    Fiscal policies are required now.

    • Bigcollapso

       No it won’t work. You can’t fix a wealth shortage by increasing the wealth shortage.
      “There is no means of avoiding the final collapse of a boom brought about
      by credit expansion. The alternative is only whether the crisis should
      come sooner as a result of the voluntary abandonment of further credit
      expansion, or later as a final and total catastrophe of the currency
      system involved”. — Ludwig von Mises

  • Windslice

    Here’s Schiff having a rant on Bernanke’s latest 40 Billion/month MBS splurge.

    http://www.europacmetals.com/commentaries/newsid416/161/operation-screw-the-fed-goes-all-in-on-qe/default.aspx

    He needs to look into MMT a little bit, as his ending was a little weak.

    But really, what on earth does the Bernank hope to achieve by purchasing humongous amounts of MBS’s? Another housing bubble? Or at least reduce the deflation in asset prices.

    Poor ol’ Ben, he really should be relieved of his responsibility of keeping employment up, leaving him with just financial stability and inflation to battle with.

    Jobs should lie solely with fiscal policies.

    • http://overthepeak.com/wordpress/ Mystic

      Thanks for that ……… it was fun.
      I mean, I don’t disagree with much of what he says; but, have a great desire to give him a slap (especially every time he says `Ben Bernanke` ……… which is a lot~!~).