U.S. markets should be set to soar when they open.

[denner]

Quote from Max E. Pad:

LOL, could be one of the dumbest things i have ever read on elite trader, if this is really stimulative, why dont we just bulldoze the entire U.S. that way we can be back to world superpower in no time.

The scary thing is that people like you who actually believe in this nonsense are in control of the purse strings for 4 more years....

The whole broken window fallacy can be picked apart without much effort. The concept that it's purely stimulative is completely non-sensical and ridiculous. It's really a complete media fabrication. The nightly news will just flash images of construction work, packed lines in Home Depot, etc, etc...and the lemmings think that it will "turn the economy around". The camera's aren't around to show you all the small businesses that are closed for good, the number of individuals that cut back on discretionary spending, the number of individuals who go into so much debt in the few weeks/months that their lives are upended trying to make ends meet.

It's remarkable that this piece of pure fiction can still be argued as stimulative so many years later...I think that it's a testament to the bubble mentality that this country has been living in for over 30 years.

 

[denner]

Quote from Ricter:

Nevertheless the reality is jobs ARE being created there. Maybe you don't like how. Maybe you don't think it works on a broader scale. Maybe they're just temporary jobs (of course they are). But jobs ARE being created there.

And tell us about the jobs that ARE lost. Net-Net, it's a drain.

 

[Max E.]

Quote from Ricter:

Nevertheless the reality is jobs ARE being created there. Maybe you don't like how. Maybe you don't think it works on a broader scale. Maybe they're just temporary jobs (of course they are). But jobs ARE being created there.

And what about all the jobs that were lost as a result? What about the millions of people who arent going to work because they have to fix their house, or they had to move? What about all the jobs in the tourism industry that will be lost?

What about the entire economy which existed in these devastated areas which now no longer exists because there is nothing there?

 

[denner]

Quote from Max E. Pad:

And what about all the jobs that were lost as a result? What about the millions of people who arent going to work because they have to fix their house, or they had to move? What about all the jobs in the tourism industry that will be lost?

What about the entire economy which existed in these devastated areas which now no longer exists because there is nothing there?

And this dipshit Ricter argues the positives of "temporary jobs" while conveniently omitting the pitfalls of "permanent job loss".

 

[Max E.]

Quote from denner:

The whole broken window fallacy can be picked apart without much effort. The concept that it's purely stimulative is completely non-sensical and ridiculous. It's really a complete media fabrication. The nightly news will just flash images of construction work, packed lines in Home Depot, etc, etc...and the lemmings think that it will "turn the economy around". The camera's aren't around to show you all the small businesses that are closed for good, the number of individuals that cut back on discretionary spending, the number of individuals who go into so much debt in the few weeks/months that their lives are upended trying to make ends meet.

It's remarkable that this piece of pure fiction can still be argued as stimulative so many years later...I think that it's a testament to the bubble mentality that this country has been living in for over 30 years.

You responded just as i was typing the exact same thing to Ricter, its simply mind boggling that these people can not see this.

 

[PHOENIX TRADING]

Quote from Max E. Pad:

LOL, could be one of the dumbest things i have ever read on elite trader, if this is really stimulative, why dont we just bulldoze the entire U.S. that way we can be back to world superpower in no time.

The scary thing is that people like you who actually believe in this nonsense are in control of the purse strings for 4 more years....

yeah but that's what you get with a high IQ and Keynesian economics torturing the data to give you what you want to see.

There's a reason I call Keynesianism tooth fairy economics

 

[Ricter]

Quote from Max E. Pad:

And what about all the jobs that were lost as a result? What about the millions of people who arent going to work because they have to fix their house, or they had to move? What about all the jobs in the tourism industry that will be lost?

What about the entire economy which existed in these devastated areas which now no longer exists because there is nothing there?

It is an overall cost to society, yes. Take that up with Mother Nature. But at the end of the day, the disaster has created a lot more work for everyone (left) in the area, paid or not, like it or not. No one wants to stimulate this way, most of us would prefer investment spending, but, hey, take it up with Mother Nature.

By the way, Harper announced yesterday that Canada has a number of strong fiscal stimulative actions prepared in the event the US goes over the FC--Canada will go Keynesian to protect its economy.

 

[Max E.]

Quote from Ricter:

It is an overall cost to society, yes. Take that up with Mother Nature. But at the end of the day, the disaster has created a lot more work for everyone (left) in the area, paid or not, like it or not. No one wants to stimulate this way, most of us would prefer investment spending, but, hey, take it up with Mother Nature.

And what about the peoplewho have to leave the area who now need work? All those people are fucked, and what about all the debt that the people living there who can not work will have to incur because they can not work their normal job? What about the economy that existed before the hurricane?

Ok lets try this another way since you dont seem to get it.


Could a society that just digs hole all day, and fills them in survive? Do you think that society would be as advanced as anyone else? Do you think that society would have the same standard of living as anyone else? Do you think that the people who live in New Jersey will be better off financially from the hurricane?

Quote from Ricter:



By the way, Harper announced yesterday that Canada has a number of strong fiscal stimulative actions prepared in the event the US goes over the FC--Canada will go Keynesian to protect its economy.

Good, I hope Harper destroys the Canadian dollar, I make US dollars, most of my assets are in U.S. dollars, if Harper wants to destroy the looney, then so be it.

 

[denner]

Quote from Max E. Pad:

And what about the peoplewho have to leave the area who now need work? All those people are fucked, and what about all the debt that the people living there who can not work will have to incur because they can not work their normal job? What about the economy that existed before the hurricane?

Ok lets try this another way since you dont seem to get it.


Could a society that just digs hole all day, and fills them in survive?




Good, I hope Harper destroys the Canadian dollar, I make US dollars, most of my assets are in U.S. dollars, if Harper wants to destroy the looney, then so be it.

Ricter has proven himself to be a "useful idiot".

 

[Ricter]

Quote from Max E. Pad:

And what about the peoplewho have to leave the area who now need work? All those people are fucked, and what about all the debt that the people living there who can not work will have to incur because they can not work their normal job? What about the economy that existed before the hurricane?

Ok lets try this another way since you dont seem to get it.

Could a society that just digs hole all day, and fills them in survive? Do you think that society would be as advanced as anyone else?

Good, I hope Harper destroys the Canadian dollar, I make US dollars, most of my assets are in U.S. dollars, if Harper wants to destroy the looney, then so be it.

Lol, "good, I hope Harper destroy the Canadian dollar". If you can't have your toy theoretical perspective behave then smash it?