Have macroeconomists misdiagnosed the economic crisis?

[morganist]

Quote from Kassz007:

No different from a tax hike but it is different from an interest rate rise. People have a choice whether or not to borrow money, and how much.

Enforced or encouraged pension saving can be selective. Interest alterations are systematic for anyone who has debt. Also you are forgetting debt affects lenders too. If there is higher interest defaults could rise affecting returns. Plus stakeholders may be affected by debt.

 

[dtan1e]

Quote from jueco2005:

Define economists

u r one

 

[cyoungmark]

I honestly think that no one knows whats really going on, and they are just searching for reasons for whats happening. They are not the real reasons. The real reasons are more obvious.. and more scary.

 

[jueco2005]

Quote from dtan1e:

u r one

NOt according to common knowledge.

I do have a BS in Economics and MBA in Finance.

I did not continue my education in economics because it takes a PhD in economics to be called an economist plus you are brainwashed in stupid ideas.

I rather do my CPA than waste time.

Dont forget economics is an extension of politics.

That is why it is the most abused and corrupted science of all.

 

[jueco2005]

Quote from morganist:

What of the post. Or of aggregate demand control?

Aggregate demand does not exist.

Failure to admit this will let you to misdiagnosed the economy.

 

[dtan1e]

Quote from jueco2005:

NOt according to common knowledge.

I do have a BS in Economics and MBA in Finance.

I did not continue my education in economics because it takes a PhD in economics to be called an economist plus you are brainwashed in stupid ideas.

I rather do my CPA than waste time.

Dont forget economics is an extension of politics.

That is why it is the most abused and corrupted science of all.

thought u ask for my definition then go ramble on and on, anyone in a bank that is hired as an economist is called an economist, obviously u haven't worked in a financial institution before, what r u, in academia? not sure who is brainwashed

 

[jueco2005]

Quote from dtan1e:

thought u ask for my definition then go ramble on and on, anyone in a bank that is hired as an economist is called an economist, obviously u haven't worked in a financial institution before, what r u, in academia? not sure who is brainwashed

Construction at the moment.

Very real here.

 

[piezoe]

Quote from morganist:

Not state pensions. Private pensions. I agree about state pensions. I think that people won't get them.

So far, it would seems that state pensions have been more reliable than private. Isn't that the very reason for the existence of the Pension Guaranty muckity muck?

 

[morganist]

Quote from piezoe:

So far, it would seems that state pensions have been more reliable than private. Isn't that the very reason for the existence of the Pension Guaranty muckity muck?

So far I agree, just you wait until the defaults.