Germany must be forced out of the Euro Monetary Union.

[volpunter]

an SSD drive is also not a "drive", how dare some call it such. Hair splitting where the effects are the exact same. Peace.

That's a nice article. You can see from the response you got that some of these folks here are not really interested in learning anything, and that is why I sometimes don't bother to respond to them or their insults.

What I have found rather fascinating is the wide misunderstanding of QE among Wall Street Fund managers and Traders. I also find it interesting that real economists like Martin Feldstein, who is very political, and doesn't like the recent policies of the central bank very much, love to refer to QE as "money printing" in the common media. They know that "money printing " has a very negative connotation among the public, whereas very few really understand QE. But we can rest assured that Feldstein knows very well the differences between QE and actual printing, and we can also rest assured that he knows he is misleading people when he refers to QE as printing. It's intentional in his case..

So many economists, even occasionally Bernanke himself, in unguarded moments-- though I imagine he wishes he hadn't -- have referred to QE as printing. It is common place among economists, but of course they are not misleading their colleagues, because all professional economists understand the very important differences between printing and QE. In general, the media doesn't get it at all, and in general Wall Street, and particularly traders, are rather pathetic in their lack of understanding of Central Bank operations.

By the way, that was a good link I gave to zdreg, though he didn't appreciate it. There are some beyond help..

 

[piezoe]

an SSD drive is also not a "drive", how dare some call it such. Hair splitting where the effects are the exact same. Peace.

Not even close. That link I gave Zdreg is good because it is a relatively short piece so it won't take you long to read it. There are a number of other important differences beside the one mentioned in the Bloomberg article, but the distinction drawn in that article goes to the core of all the differences. The difference between printing and QE is huge. It's the difference between a wheelbarrow full of bank notes to buy a loaf of bread and less than 2% inflation! And that IS huge!

 

[Tsing Tao]

You really need to learn how to keep a dialogue down to one post. Watch.

oh really? now I am sure nobody came to such idea. And how is that gonna happen? Are you gonna reprogram the Greek soul?

It's not going to happen. That's why I've said over and over that "what cannot be repaid, won't." The Greeks have to leave the EU. Nothing will change. I'm not sure how many times more I can say it for you. Would it help if it put it in a coloring book and you could use crayons to draw inside the lines?

debt free? And who is gonna lend to them the next 10 years? And who is gonna touch them even with gloves? You mean they fuck the Europeans and then turn around and open the doors to the Chinese in exchange for physical assets as collateral the same assets they rejected to pledge before? How so? Are you dreaming?

The EU still shows signs of wanting to lend, so it hasn't learned yet apparently (or it just wants to make sure it's own money is returned to it - "Here is your loan to pay us back!"). Hopefully, someone in the EU will grow a brain and say "no more!" Hasn't happened yet.

getting upset? hmmm....

No, why?

before Florida, now NJ, lol. Bedding in Elisabeth or Bayonne? Lol. Nite Pal

Yeah, it's really cool. Nowadays you can actually pick up your things and relocate to a new place in the world. People no longer have to live in the place they grew up. It's fascinating, really. You should check it out.

Oh wait, you were German by birth and moved to Asia. Silly me! Does living in Asia make you Asian? Does living in Florida suddenly make me a "redneck"?

How is living in NJ not redneck from NY's perspective btw? I highly doubt you are teaching or in any way affiliated with Princeton. I can't think of a whole lot of other place in NJ that are considered livable. Or catching up with getting your college diploma in night classes at Rutgers?

I gotta tell ya, Volly. Every time I think you've said the dumbest thing you could, you surprise me by showing me I was mistaken.

You're now saying that someone living in NJ is a redneck when compared to NY? Can someone from New York City please confirm this? It's the first I've heard of it.

 

[oldnemesis]

hopeless bunch of mouths without brains.

 

[sheda]

gotta do a bit copy/paste myself.

Here Sheda, this is what I am talking about. A morally and ethically bankrupt country that kisses up to China and does whatever to please its master: ”

Are the chinese on your hate list as well?

 

[volpunter]

Goodness , good luck with you thinking that. I rather look to extract value by focusing on the effects. You can continue to be a stickler for details.

Not even close. That link I gave Zdreg is good because it is a relatively short piece so it won't take you long to read it. There are a number of other important differences beside the one mentioned in the Bloomberg article, but the distinction drawn in that article goes to the core of all the differences. The difference between printing and QE is huge. It's the difference between a wheelbarrow full of bank notes to buy a loaf of bread and less than 2% inflation! And that IS huge!

 

[volpunter]

All bla bla. You are just masquerading the shithole you apparently live in else you would not always change topic. No picture ever of your physical setup over all these years on ET and then Florida now NJ. Sorry pal but it all just sounds like a lot of hot air and very little behind. I just get the impression you are talking way over your head.

You really need to learn how to keep a dialogue down to one post. Watch.



It's not going to happen. That's why I've said over and over that "what cannot be repaid, won't." The Greeks have to leave the EU. Nothing will change. I'm not sure how many times more I can say it for you. Would it help if it put it in a coloring book and you could use crayons to draw inside the lines?



The EU still shows signs of wanting to lend, so it hasn't learned yet apparently (or it just wants to make sure it's own money is returned to it - "Here is your loan to pay us back!"). Hopefully, someone in the EU will grow a brain and say "no more!" Hasn't happened yet.



No, why?



Yeah, it's really cool. Nowadays you can actually pick up your things and relocate to a new place in the world. People no longer have to live in the place they grew up. It's fascinating, really. You should check it out.

Oh wait, you were German by birth and moved to Asia. Silly me! Does living in Asia make you Asian? Does living in Florida suddenly make me a "redneck"?



I gotta tell ya, Volly. Every time I think you've said the dumbest thing you could, you surprise me by showing me I was mistaken.

You're now saying that someone living in NJ is a redneck when compared to NY? Can someone from New York City please confirm this? It's the first I've heard of it.

 

[volpunter]

Ha no, why else would I work and live in HK? The arse bending of the Brits is just remarkable and tangents the topic of this thread. Some in the UK seem to honestly think they can beat Germany's economy by getting an assrape by the Chinese in exchange for favors. It's the products, stupid, the products!!! People just love German stuff. Can't help it. The humor they lack they buy from their American friends (Tsingtao actually delivers it for free he won't even charge for it though he apparently should to get out of NJ and back to a more civilized place).

Are the chinese on your hate list as well?

 

[bone]

The trouble for Greece is that the whole socialistic "workers of the world unite" thing and complete wealth redistribution no longer exists. Russia isn't going to be able to lend anything of consequence other than assassins and prostitutes for well known and published reasons. No internationally recognized capital reserves of consequence to lend in serious amounts. They've defaulted on sovereign debt of their own and energy prices are projected to remain suppressed for several years.

China, on the other hand, has enormous capital reserves to lend. But China is the polar opposite of Greece from a sociopolitical perspective - and if Greece misses just one payment or asks for a loan restructuring... Well, it would be consistent with other Chinese actions to find an entire Grecian island archipelago occupied, armed, and claimed as Chinese territory in kind.

 

[sheda]

Ha no, why else would I work and live in HK? The arse bending of the Brits is just remarkable and tangents the topic of this thread. Some in the UK seem to honestly think they can beat Germany's economy by getting an assrape by the Chinese in exchange for favors. It's the products, stupid, the products!!! People just love German stuff. Can't help it. The humor they lack they buy from their American friends (Tsingtao actually delivers it for free he won't even charge for it though he apparently should to get out of NJ and back to a more civilized place).

I don't know if being near enough landlocked has made the german people this way but no one in the uk really gives a dam about the german economy never mind beating it, when you only have fish for immediate neighbors rthe ego can cool it a bit(y)