[Homestead] hyper v depr debate continues
cayadopi at yahoo.com
Thu Dec 18 13:16:00 EST 2008
In other news.... Bush considers an "orderly bankruptcy" for the Big 3............ Chaulk that one up that for the depression camp....
Meanwhile, in world news - the Central Bankers of the world are in a race to destroy their currencies faster than other currencies via Quantitative Easing (the printing press w/zero interest rate policies).
A bit of history is included about Japan's experiment with QE and the effect on their stock market and gold prices in yen. Japanese traders have already learned from their own initial experiment to run to gold when the hear the QE words.
Now add the US, Swiss, Japan and others jumping on the QE bandwagon,,,,
Japan's stock market initially popped on the QE bandwagon then went right back down and then some, and has never recovered back up to it's highs.
Been saying for a couple of years that World War 3 will be an economic war - a loca newscaster actually said something similar on tv, much to my surprise.
Bob, what are you hearing about the various QEs going on, and what effect do you think it will have on the depression scenario, if any? QE is something I'm trying to get a grasp on.
--- On Thu, 12/18/08, Leslie <cayadopi at yahoo.com> wrote:
From: Leslie <cayadopi at yahoo.com>
Subject: [Homestead] hyper v depr debate continues
To: homestead at lists.ibiblio.org
Date: Thursday, December 18, 2008, 10:45 AM
Barbera talks about the theme for 2009 being "supply destruction"
Talks about Bernanke's B-52 bomber drops of cash and monetizing the debt:
"those arguing deflation must see they are fighting the combined forces of
the known universe and while it may take time, and likely will take time,
ultimately, they are likely to find themselves on the wrong side of a rising
Puplava recalls Beranke's speech(es) from a while back, which outlined what
he thought BoJapan should do, and now seems to be following the same
Bernanke clearly believes in monetizing the debt, in part to spur consumer
spending, claiming no tax burdone... and Bernanke claimed in 2003 speech,
"The health of the banking sector is irrelevant to this means of
transmitting the expansionary effect of monetary policy..." (Bernanke)
Lots of good stuff in these articles, including economic growth rates etc.
Comparisons in demographics to market effects, etc.
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