You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Quote from morganist:
Thanks. Also it should be increase not reduction in money supply when interest rates are lowered. I ammended it.
There is a difference between debasement and rates. Which is When money supply is increased through interest rates the currency value is changed by the volume of money supply and the impact it has on exchange rates. When money supply is increased through QE the integrity of the currency itself is questioned decreasing value.
Do you think I should add that to the article?
It's up to you. I think it's a matter of perspective. These are definitely the finer points. QE definitely undermines currency integrity. I think you're 100% right. Credit creation can destabilize a currency, too (Nazdaq/Oil bubble), although to a much lesser extent. In that regard, I agree with your conclusions that while the effect of both is similar (depreciation), one is "safer" and one is not. A good guy to get input from on this too, would be marc faber?
M
morganist
Quote from achilles28:
It's up to you. I think it's a matter of perspective. These are definitely the finer points. QE definitely undermines currency integrity. I think you're 100% right. Credit creation can destabilize a currency, too (Nazdaq/Oil bubble), although to a much lesser extent. In that regard, I agree with your conclusions that while the effect of both is similar (depreciation), one is "safer" and one is not. A good guy to get input from on this too, would be marc faber?
I have the occassional email with Faber. I might ask him.
what bus? I didn't miss the bus in that the thrust of your rant here (http://www.elitetrader.com/vb/showthread.php?s=&threadid=250085&perpage=6&pagenumber=4) is that you in fact have little formal education in this stuff.
Gotta feel sorry for the well meaning guys on ET being led astray by your foolishness.
Gotta feel sorry for the well meaning guys on ET being led astray by your foolishness.
Quote from morganist:
Don't miss the bus?
M
morganist
Quote from CT10Gov:
what bus? I didn't miss the bus in that the thrust of your rant here (http://www.elitetrader.com/vb/showthread.php?s=&threadid=250085&perpage=6&pagenumber=4) is that you in fact have little formal education in this stuff.
Gotta feel sorry for the well meaning guys on ET being led astray by your foolishness.
You never put forward any kind of argument you simply criticise the person. I have never seen you make any kind of argument.
There are many forms of economics and views clash simply because one person does not hold your view does not mean they are wrong. It just means they have a different opinion.
I am well educated in the area. But I have different views to you.
Do you really have nothing better to do than hang around a forum making insults at people with no reasoning or justification other than that is your opinion?
You don't make any reasoning for your position you just criticise the person who makes a comment you don't like.
Why do you bother?
You keep saying this, but it appears that you don't actually grasp the elementary concepts in these topics, but instead make grandiose pronouncements. My views on this is based on reading your blog. It reads like the ranting of a student who barely passed Macro 101.
Look, I know I will never convince you that you are really just completely off the mark. I'm not going to try.
Instead, I only hope other readers - the well meaning ones who aren't exposed to this domain knowledge - be aware that your views are crank-worthy.
As an exercise for interested readers, see how many of these points our in-house economist morganist check off in this list:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=250699
Look, I know I will never convince you that you are really just completely off the mark. I'm not going to try.
Instead, I only hope other readers - the well meaning ones who aren't exposed to this domain knowledge - be aware that your views are crank-worthy.
As an exercise for interested readers, see how many of these points our in-house economist morganist check off in this list:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=250699
Quote from morganist:
I am well educated in the area. But I have different views to you.
M
morganist
Quote from CT10Gov:
You keep saying this, but it appears that you don't actually grasp the elementary concepts in these topics, but instead make grandiose pronouncements. My views on this is based on reading your blog. It reads like the ranting of a student who barely passed Macro 101.
Look, I know I will never convince you that you are really just completely off the mark. I'm not going to try.
Instead, I only hope other readers - the well meaning ones who aren't exposed to this domain knowledge - be aware that your views are crank-worthy.
As an exercise for interested readers, see how many of these points our in-house economist morganist check off in this list:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=250699
Yet again all you demonstrate is an ability to insult people. That is not constructive criticism it is an attack on the person. You have not put forward any view or even a link to any kind of a perspective.
You are just trying to devalue my character by attacking me personally. You have not ever made an argument that responds to mine other than you are wrong. You have not made any views.
What you are doing it hovering around a forum trying to goad people into to insult them. I have no interest in persuing this good bye.
Tell us what your formal credentials are (because you purport to be an expert). No?
Okay.
Okay.
Quote from morganist:
Yet again all you demonstrate is an ability to insult people. That is not constructive criticism it is an attack on the person. You have not put forward any view or even a link to any kind of a perspective.
You are just trying to devalue my character by attacking me personally. You have not ever made an argument that responds to mine other than you are wrong. You have not made any views.
What you are doing it hovering around a forum trying to goad people into to insult them. I have no interest in persuing this good bye.
M
morganist
Quote from CT10Gov:
Tell us what your formal credentials are (because you purport to be an expert). No?
Okay.
Tell me yours first. As you are the one claiming to have absolute knowledge of the subject to say that someone else's is wrong. I merely put forward my view then argue and debate the topic. You are the one claiming absolute knowledge and understanding here.
You meet everyone of the things your list. You claim to have the best, true and only understanding of the subject and no one else understands. You don't make any arguments and even statements other than someone else is wrong or doesn't understand. You are dismissive of any one else's points and clearly cannot interact with other people in a decent manner.
Guess what you are a Crank. I on the other hand move on the forums with politeness and etique and allow people to make arguments which I put forward critiques and suggestions to provide positive feedback. I never say other people don't understand and in fact admitted I made an error of my own in this very thread. I don't claim to have an answer to all the problems but I will put forward progressive suggestions, which is the point of my blog if you read the mission statement.
The whole point of my school of thought is there is no out and out right or wrong just a progessive movement to make things better. That is the agenda I have not to claim that one thing is correct or not.
You are everything you claim I am. Incidentally I have good qualifications and experience. What is yours.