Print Money? "We're Experiencing The End-Game Of The Great Debt Super-Cycle"

Scataphagos · Mar 30, 2020

“In Goethe’s 1831 drama Faust, the devil persuades a bankrupt emperor to print and spend vast quantities of paper money as a short-term fix for his country’s fiscal problems. As a consequence, the empire ultimately unravels and descends into chaos.

Today, governments that have relied upon quantitative easing (QE) instead of undertaking necessary structural reforms have arguably entered into the grandest Faustian bargain in financial history."

- Scott Minerd “Global CIO Outlook”, August 21, 2012

https://www.zerohedge.com/markets/f...-experiencing-end-game-great-debt-super-cycle

dozu888 · Mar 30, 2020

you know why ET, or any other places for that matter, is full of sentiment like this - Fed is bad, rise is artificial, the collapse is near.

you know why - the participation rate is very low.

whoever with this sentiment, I am telling you buy 10 fcking shares of spy and put in your portfolio... best 100 shares if you can afford, your long term view will turn around 180 degrees.

why do I suggest 10 shares, because I know you are empty handed and you are broke like shit and you are living in mom's basement.

piezoe · Mar 30, 2020

Scataphagos said:
“In Goethe’s 1831 drama Faust, the devil persuades a bankrupt emperor to print and spend vast quantities of paper money as a short-term fix for his country’s fiscal problems. As a consequence, the empire ultimately unravels and descends into chaos.

Today, governments that have relied upon quantitative easing (QE) instead of undertaking necessary structural reforms have arguably entered into the grandest Faustian bargain in financial history."

- Scott Minerd “Global CIO Outlook”, August 21, 2012

https://www.zerohedge.com/markets/f...-experiencing-end-game-great-debt-super-cycle

This article, while not wrong on some facts, is entirely wrong on other points. It is so wrong it's ridiculous.

Edmond · Mar 30, 2020

dozu888 said:
you know why ET, or any other places for that matter, is full of sentiment like this - Fed is bad, rise is artificial, the collapse is near.

you know why - the participation rate is very low.

whoever with this sentiment, I am telling you buy 10 fcking shares of spy and put in your portfolio... best 100 shares if you can afford, your long term view will turn around 180 degrees.

why do I suggest 10 shares, because I know you are empty handed and you are broke like shit and you are living in mom's basement.

zdreg · Mar 30, 2020

piezoe said:
This article, while not wrong on some facts, is entirely wrong on other points. It is so wrong it's ridiculous.

Why do you waste space without adding any factual evidence?

murray t turtle · Mar 30, 2020

dozu888 said:
you know why ET, or any other places for that matter, is full of sentiment like this - Fed is bad, rise is artificial, the collapse is near.

you know why - the participation rate is very low.

whoever with this sentiment, I am telling you buy 10 shares of spy and put in your portfolio... best 100 shares if you can afford, your long term view will turn around 180 degrees.

why do I suggest 10 shares, because I know you are empty handed and you are broke and you are living in mom's basement.

%%
That;
+ I would prefer + told the gov to live on a budget-- like many of us do.
Having said that, many times to the powers that be-- a nation full of capitalists is not fragile...……………………………………………………………………………………………………………………………………..Lots of reasons stocks go up/uptrend+ Fed is only part of that--as you know. :caution:

Specterx · Mar 30, 2020

The article is certainly correct on one point: eventually, wealth will need to be redistributed. We're not going to go the route of mass defaults and systemic reset, so the only alternative is a long period of negative rates and/or moderate inflation to wipe out the real value of long-term claims. Probably along with a hefty dose of higher taxes on wealth, financial transactions, capital gains, and estates/inheritance.

murray t turtle · Mar 30, 2020

Specterx said:
The article is certainly correct on one point: eventually, wealth will need to be redistributed. We're not going to go the route of mass defaults and systemic reset, so the only alternative is a long period of negative rates and/or moderate inflation to wipe out the real value of long-term claims...…….

%%
Almost never are choices limited to 2. Certainly not here.Thanks

piezoe · Mar 30, 2020

zdreg said:
Why do you waste space without adding any factual evidence?

I'm putting you on warning that what is attributed to MMT economics is often not attributable.

To go into detail would take pages few here would read. Anyone interested, will easily find books, papers and blogs, and now a new Macroeconomics Textbook by William (Bill) Mitchell and L. Randall Wray:

https://www.google.com/search?clien...S6wKHcvyCNsQ-BYwIXoECB0QLA&tbs=kac:1,kac_so:1

zdreg · Mar 30, 2020

piezoe said:
I'm putting you on warning that what is attributed to MMT economics is often not attributable.

To go into detail would take pages few here would read. Anyone interested, will easily find books, papers and blogs, and now a new Macroeconomics Textbook by William (Bill) Mitchell and L. Randall Wray:

https://www.google.com/search?clien...S6wKHcvyCNsQ-BYwIXoECB0QLA&tbs=kac:1,kac_so:1

I will save your post to remind you when inflation roars its ugly face again. MMT will be debunked for the nonsense and wishful thinking that it is.