Is the way central banks view inflation simply wrong?

[CT10Gov]

(1) In terms of StarDust, I have no idea what you guys might be discussing privately. I can't be responsible for that. I responded to a part that's publicly posted.

(2) I clearly have not insulted StarDust. You claim I have. I'd like you to apologize for that.

(3) Yes, I called you a crank. I'll sorry if you feel that's a personal insult. That's the same as if I said "I think your ideas are idiotic", which, in a discussion forum, I would think is pretty normal.

(4) Must we use childish phrases like 'Like I said goodbye'? You are more than free to ignore the things I say. Must you raise your moderator stick because you don't like me?

Let's be adults and separate how you feel personally from claims on other users.

Quote from morganist:

You have called me a crank!

Is that not an insult?

In relation to StarDust you took on a debate on something we were discussing partly on this forum and partly privately which you did not have all the detail of to try and belittle him.

Like I said goodbye.

 

[morganist]

Quote from CT10Gov:

(1) In terms of StarDust, I have no idea what you guys might be discussing privately. I can't be responsible for that. I responded to a part that's publicly posted.

(2) I clearly have not insulted StarDust. You claim I have. I'd like you to apologize for that.

(3) Yes, I called you a crank. I'll sorry if you feel that's a personal insult. That's the same as if I said "I think your ideas are idiotic", which, in a discussion forum, I would think is pretty normal.

(4) Must we use childish phrases like 'Like I said goodbye'? You are more than free to ignore the things I say. Must you raise your moderator stick because you don't like me?

Let's be adults and separate how you feel personally from claims on other users.

Crank

A derogatory and derisive term used to insult and humiliate ones foes.
Ts3 slang used in place of words such as Idiot or Moron
Good for use in the work or school environment as is not a recognised insult and is not common knowledge to teachers, bosses etc.
"Oh shut up you crank!"

"I don't like Nico, he's a crank!"

http://www.urbandictionary.com/define.php?page=3&term=crank

It is defined as an insult in the dictionary. Are you now saying you know better than the dictionary? You are the crank here.

In terms of Stardust. I could tell you were about to follow him like you did me and it was just a matter of time before you upset him. So I gave you a warning.

I am finishing up now it is late.

 

[StarDust9182]

Quote from CT10Gov:

(1) I'm not sure what you are talking about in terms of qualitative easing. BoJ called it "Quantitative Easing" - don't believe me? See BoJ's own one-year retrospective in 2002: http://www.imes.boj.or.jp/english/publication/edps/2002/02-E-03.pdf ; the other guy was talking about bond purchasing - 'quantitative' easing. If he disagrees, then let me point out how I'm misinterpreting what he says. If I am, I'll apologize for the confusion.

(2) Is 'upsetting people' pointing out that there's no factual basis for their view? I thought this is a discussion forum - or are we just here for group hugs.

(3) Admit it, you are just trying to silence me because I bring up uncomfortable facts - that you are hiding behind some vague 'qualifications' that you refuse to name. As for as the 'upsetting' other users, see (1).

Let's let the facts speak, no? Or do you prefer to use your moderator power rather than debating facts?

1) The post that concerns you is my comment about the double speak 1984ish term "quantitative" easing. I was trying to point out that it made no sense to me. I proposed that the word quantitative was chosen as opposed to qualitative. I thought that qualitative or "actually fixing the issue" would be a more appropriate action and word. Either you are mis-interpreting and owe an apology or I didn't word my thoughts well in that particular post. Sorry.

2) IMO there is no factual basis for Gentle Ben's solution either. He came in beating his drum on the white horse to save the world as some articles claimed for him. I think he is humbled now. His theories are failing IMO. If your credentials can post the factual basis for QE as a solution then please do. Did it work for Japan?

That said, I have great sympathy for him (hence the term Gentle). He didn't cause the problem and he really attempted to fix it within the scope he was given. I think he genuinely wanted his theories to work.

Economics has no experimental side where you apply QE and fix an economy in the lab. The guesses proposed as fact in economics are fundamentally lacking significant trial runs to be statistically sound. Many trading systems lack this also.

Does that help?

 

[CT10Gov]

Dude, Urban Dictionary?? Seriously?? How about we use an actual dictionary: https://www.google.com/search?q=def...&sugexp=chrome,mod=0&sourceid=chrome&ie=UTF-8

"An eccentric person, esp. one obsessed by a particular subject or theory."

As far as StarDust is concerned, now you admit that I haven't actually insulted him. You merely feel I *might* insult him based on your personal view of me. You then use your moderator power to threaten me.

Again, I'd like you to apologize for solely claiming that I've insulted StarDust where I have not. I wouldn't care if you were a normal poster. But you made that claim as a moderator. All other disagreements aside, I imagine you wouldn't disagree that you shoulder extra responsibility because of it.

Quote from morganist:

Crank

A derogatory and derisive term used to insult and humiliate ones foes.
Ts3 slang used in place of words such as Idiot or Moron
Good for use in the work or school environment as is not a recognised insult and is not common knowledge to teachers, bosses etc.
"Oh shut up you crank!"

"I don't like Nico, he's a crank!"

http://www.urbandictionary.com/define.php?page=3&term=crank

It is defined as an insult in the dictionary. Are you now saying you know better than the dictionary? You are the crank here.

In terms of Stardust. I could tell you were about to follow him like you did me and it was just a matter of time before you upset him. So I gave you a warning.

I am finishing up now it is late.

 

[StarDust9182]

Quote from CT10Gov:

............

My only exchange with StarDust9182 is where I pointed out that's absurd to say the Fed is denying the nature of their bond purchasing program

......

My contention is that they are denying it because they are copying the entire Japanese model to get out of the overspending issue while selling their plan as an attempt to avoid what happened to Japan.

It failed Japan and will fail the US and I suspect GB knows that now.

Go back and read what was said by the FED when the first QE plan was released. The gist was to avoid what happened to Japan and stimulate the economy. Has the US avoided the Japanese fate? Has the economy recovered?

 

[CT10Gov]

Maybe we are crossing signals here: you claimed that fed deny what they are doing is what japan did. My point is that the Fed publicly acknowledges that they are doing exactly the same thing.

Quote from StarDust9182:

1) The post that concerns you is my comment about the double speak 1984ish term "quantitative" easing. I was trying to point out that it made no sense to me. I proposed that the word quantitative was chosen as opposed to qualitative. I thought that qualitative or "actually fixing the issue" would be a more appropriate action and word. Either you are mis-interpreting and owe an apology or I didn't word my thoughts well in that particular post. Sorry.

 

[CT10Gov]

What they said was that they wanted to avoid the part where Japan withdraw stimulus too soon. See Koo (chief economist of Nomura bank)'s well known point on this matter: http://www.amazon.com/The-Holy-Grail-Macroeconomics-Recession/dp/0470823879

Quote from StarDust9182:

Go back and read what was said by the FED when the first QE plan was released. The gist was to avoid what happened to Japan and stimulate the economy. Has the US avoided the Japanese fate? Has the economy recovered?

 

[vicirek]

Quote from CT10Gov:

[B
Let's be adults and separate how you feel personally from claims on other users. [/B]

CT10Gov assignment is to torpedo each thread that discusses inflation, government deficit, QE, Central Bank, government bond and turn discussion into personal insults, labeling people and grammar and punctuation contests so the thread quickly becomes useless.

 

[CT10Gov]

So you are claiming I'm a shill for the government? I feel insulted. Morganist, help me.

Quote from vicirek:

CT10Gov assignment is to torpedo each thread that discusses inflation, government deficit, QE, Central Bank, government bond and turn discussion into personal insults, labeling people and grammar and punctuation contests so the thread quickly becomes useless.

 

[StarDust9182]

Quote from CT10Gov:

Maybe we are crossing signals here: you claimed that fed deny what they are doing is what japan did. My point is that the Fed publicly acknowledges that they are doing exactly the same thing.

crossing signals = misinterpreting. I assume you will do the right thing here and apologize to me.

I will discuss your second point tomorrow. I am tired and want you to have proper time to apologize for point (1) as you said you would.