QE increase announcement soon?
- Thread starter pfranz
- Start date
Came across a peice on the "great sag" of the late 1800's in the US. A twenty year period of deflation. May have been caused by the industrial revolution. I guess the textile loom and other machines put a lot of people out of work and decreased the price of goods.
Fast forward and,
Technology, globalization, world labor force, shipping, supply chain management, branded marketers etc. are some changes over the last few decades that are "structural".
Despite the feds mantra of not allowing uemployment to become structural, hasnt that ship already sailed?
I just thought there were some interesting parallels between now and then.
Probably things would have gradually worked themselves out on their own this period also
but that ship has probably sailed as well.
Have a nice Day!
Fast forward and,
Technology, globalization, world labor force, shipping, supply chain management, branded marketers etc. are some changes over the last few decades that are "structural".
Despite the feds mantra of not allowing uemployment to become structural, hasnt that ship already sailed?
I just thought there were some interesting parallels between now and then.
Probably things would have gradually worked themselves out on their own this period also
but that ship has probably sailed as well.
Have a nice Day!
Rent is high which the market tried to correct.
To make sure the economy achieves real escape velocity rather than an aborted takeoff like in previous instances.
there were few central banks in those day to print money and make fiat money worthless.
"Probably things would have gradually worked themselves out on their own this period also "
that statement is very much on point and likely to be ignored. politicians will force the wrong decision on monetary policy makers, ending in a bubble which will cause great pain when market forces eventually cause the balloon to splatter.
It's the common people who force wrong decisions.Things can fix themselves if everyone loses part of his/her wealth (because most of wealth in the world is fictious),and noone wants that.
Everyone created this bubble of non-existing wealth by wanting more and more: stop blaming politicians and policy makers.
"In a lengthy speech about Fed communication, Federal Reserve Chairman Ben Bernanke said the Fed would likely hold short-term rates near zero well after the economy reaches the 6.5% unemployment rate that is the threshold for considering a rate increase. In new language, Bernanke said rates could even stay near zero until "the preponderance of the data supports the beginning" of tightening."
FOMC minutes says taper coming ... here we go again.
If that is true,I can appreciate their knowledge and their intelligence.
The average people steal when it's easy to do
ne of the most recent and widespread examples is music and films through file sharing.I believe Bill Gates built his fortune on this (he exploited the common people habit of stealing) and considering that he makes a lot of charity,he's the modern Robin Hood (he stole from us rich thieves to give to himself and to the poor people in need).
That's why I admire him.