Hard-hit worker wonders where the economic resurgence is

[theeedude]

So you believe there are no downsides to QE? Average home prices heading back to where they were during the bubble with no corresponding increase in average income isn't a concern for you?

I'm not surprised that doesn't occur to you. You really aren't very smart.

Where are the negative consequences though? Inflation isn't here. TIPS spread is at under 2% for 30 year bonds.
I guess if you consider housing market recovery as a negative, you are way smart.

 

[Zorkorist]

Debt = Spending - Revenue

There are plenty of problems with too much spending, beginning with debt.

-John

 

[rudder]

Where are the negative consequences though? Inflation isn't here. TIPS spread is at under 2% for 30 year bonds.
I guess if you consider housing market recovery as a negative, you are way smart.

No inflation because financial institutions are holding on to the QE money. When credit gets eased and banks start lending (which helps the economy's grow) the money supply out in the wild will increase.

 

[theeedude]

No inflation because financial institutions are holding on to the QE money. When credit gets eased and banks start lending (which helps the economy's grow) the money supply out in the wild will increase.

You don't get tired of predicting this over and over again and it not happening over and over again? Is this going to be the next trickle down for the conservatives?

 

[Zorkorist]

Debt = Spending - Revenue

-John

 

[Jhhnn]

Who is your hero? The ones who allowed QE infinity to happen which pretty much benefited the Wall Street fat cats.... Or is your hero the one who has introduced mountains of new regulations in the last few years?

The U.S. now ranks 12th in the world for new business startups. There are now more small businesses failing than there are new one starting. In 2008 there were 100,000 more business startups that business closings. This is a big freaking problem. That is the legacy of your hero.

Please. Opening a small business at the height of a financial bubble is a suicide mission. None of it would have happened w/o utterly reckless & predatory finance. The bailout, the stimulus & QE are the only reasons the whole rotten mess didn't implode on itself a la 1930.

Back then, it got so bad that the people were forced into an epiphany, a whole new understanding. Denial was swept aside & a whole New Deal was forged between workers & capitalists, one more favorable to workers than ever before, an integral part of postwar prosperity. That, in turn, was pushed aside by Reaganomics, which brought us back to the edge of the cliff all over again. Not that people steeped in right wing propaganda need to believe that at all. It's too easy to just blame Obama.

We're living the consequences of the greatest top down looting spree in the history of finance. We haven't made the necessary adjustments to our headset to properly understand how that happened, even though it's perfectly obvious. We haven't taken the proper steps to prevent it from happening again, either.

How can we, when the Repub perpetrators hold a blocking position? When their followers still believe?

So things will get better, slowly, for awhile anyway until the next bubble pops. It's capitalism, right? That's what capitalism does when left to its own devices.

 

[Zorkorist]

The money has all gone to the Government elite, and there is no chance of the "American Dream."

This is not Capitalism, of course. It is Socialism, Communism, and everything other than free markets.

It is the way nations die.

-John

 

[werepossum]

Please. Opening a small business at the height of a financial bubble is a suicide mission. None of it would have happened w/o utterly reckless & predatory finance. The bailout, the stimulus & QE are the only reasons the whole rotten mess didn't implode on itself a la 1930.

Back then, it got so bad that the people were forced into an epiphany, a whole new understanding. Denial was swept aside & a whole New Deal was forged between workers & capitalists, one more favorable to workers than ever before, an integral part of postwar prosperity. That, in turn, was pushed aside by Reaganomics, which brought us back to the edge of the cliff all over again. Not that people steeped in right wing propaganda need to believe that at all. It's too easy to just blame Obama.

We're living the consequences of the greatest top down looting spree in the history of finance. We haven't made the necessary adjustments to our headset to properly understand how that happened, even though it's perfectly obvious. We haven't taken the proper steps to prevent it from happening again, either.

How can we, when the Repub perpetrators hold a blocking position? When their followers still believe?

So things will get better, slowly, for awhile anyway until the next bubble pops. It's capitalism, right? That's what capitalism does when left to its own devices.

I have to admire the way you don't fear using up all your stupid in one thread. Obviously when it comes to stupid, you ARE the 1%.

 

[Jhhnn]

No inflation because financial institutions are holding on to the QE money. When credit gets eased and banks start lending (which helps the economy's grow) the money supply out in the wild will increase.

Hogwash. The FRB is buying financial instruments, bonds, created by securitization of lending. If institutions were holding onto the money, if lending were not occurring, there would be none to buy.

When this stock market bubble goes south, investors will be lining up at the door to buy 'em. If not, the FRB can simply hold them to maturity like any investor.

Tight lending? preposterous. Rates are extremely low & ample funds are available for people who are good credit risks. Too bad that's not more of us, huh? You know, people with solid & stable jobs, people with a future. People who aren't already just treading water on the debt they already have.

 

[Jhhnn]

I have to admire the way you don't fear using up all your stupid in one thread. Obviously when it comes to stupid, you ARE the 1%.

Anything of substance to add? Any logical argument? Apparently not.

 

[alcoholbob]

Bernanke?

Can't really blame Bernake since he's just following Greenspan's footsteps. Although, at least Greenspan came clean and admitted easy money and QE doesn't work, but he did it because it was politically expedient and he didn't have the courage to retire with a recession and is now telling people to buy gold before the dollar loses its props, as the result of QE without China covering the other side of the trade should be obvious by looking at Japan, and what happened to the Euro when the Swiss got tired of lowering their own standard of living to maintain the peg.

 

[Jhhnn]

Can't really blame Bernake since he's just following Greenspan's footsteps. Although, at least Greenspan came clean and admitted easy money and QE doesn't work, but he did it because it was politically expedient and he didn't have the courage to retire with a recession and is now telling people to buy gold before the dollar loses its reserve currency status, as the result of QE without China covering the other side of the trade should be obvious by looking at Japan, and what happened to the Euro when the Swiss got tired of subsidizing the Eurozone.

Except that's not what Greenspan admitted to at all, but nice spin, anyway. And if he was so wrong then, what leads you to believe he's right today? Because he's saying what you want to hear?

 

[nickqt]

Can't really blame Bernake since he's just following Greenspan's footsteps. Although, at least Greenspan came clean and admitted easy money and QE doesn't work, but he did it because it was politically expedient and he didn't have the courage to retire with a recession and is now telling people to buy gold before the dollar loses its props, as the result of QE without China covering the other side of the trade should be obvious by looking at Japan, and what happened to the Euro when the Swiss got tired of lowering their own standard of living to maintain the peg.

Between Greenspan ("There is no bubble") and Glenn Beck trying to convince people to BuyGold™, I don't know why people would be apprehensive about it.

 

[Zorkorist]

Which one has a plan for getting us out of 18 trillian dollars in debt?

-John

 

[nickqt]

Which one has a plan for getting us out of 18 trillian dollars in debt?

-John

How has the 18 Trillion dollars of debt, most of which is owed to other American citizens, affected you lately?

 

[Zorkorist]

Our debt is owed to China, as far as I know.

Debt, affects me everyday. Government, can come up to me and say "paper's please."

I can't tell them no, as I am indebted to them.

-John

 

[nickqt]

Our debt is owed to China, as far as I know.

-John

About 6% of the US debt is owned by China. 6%.

I'm not quite sure what you mean about the debt and the government asking you for your papers.

 

[Zorkorist]

Do you know the saying, "paper's please?"

-John

 

[nickqt]

Do you know the saying, "paper's please?"

-John

Papieren, bitte.

You think the US Debt is akin to Nazis asking people for their papers to move about?

Funny, I live in the US, and I'm not asked for my papers when moving between counties or states. Nor do I have to identify personal beliefs or take oaths in order to hold a job.

 

[Zorkorist]

Yes, I do, think they are similar. I'm stopped and searched, at Football Stadiums, Airports, train stations, etc.

There's little chance that I am not followed on my bicycle.

-John

 

[nickqt]

Yes, I do, think they are similar. I'm stopped and searched, at Football Stadiums, Airports, train stations, etc.

There's little chance that I am not followed on my bicycle.

-John

Are you upset when your bank asks for ID before handing you money from your account?

 

[Zorkorist]

No. That's a mutual agreement.

When Government is feeling up your ass, because you want to board a plane, you may have just been violated.

-John

 

[Zorkorist]

Paper's please.

-John

 

[Zorkorist]

We used to make fun of the Soviet Union, and the fact that their police could call anyone over (at the threat of their life,) and ask them for their papers.

Paper's Please.

Here we are in America, asking for Paper's Please.

-John

 

[nickqt]

No. That's a mutual agreement.

When Government is feeling up your ass, because you want to board a plane, you may have just been violated.

-John

I assume you feel the same way about providing picture ID to vote?

How about drivers licenses?

I guess I'm just not seeing the whole "papers please" thing as being more than a slight inconvenience, at most, in my day-to-day life. Sure, it's less freedom than you might find on an island with no government, but you choose to continue living here, so it must not be too onerous, right? I mean, I'd have left Nazi Germany in the 30s. You could argue that the US is travelling down that route now, but that is what happens when 80% of the population is more knowledgeable about the latest American Idol star's home city and relationship status than what is going on around them.