asterisk2a + greatdepression + debasement   10

Is This What A Bursting Bubble Looks Like? - YouTube
- bear market, not a 2008/09 decline, more like a lost decade of little productivity growth and very very slow closing of the still existing output gap. - companies benefit form technological progress (accelerating); get more done with less people. +++ https://www.facebook.com/PeterSchiff/posts/10154276062445062
asset  bubble  hunt  for  yield  unintended  consequences  ZIRP  QE  liquidity  trap  NIRP  unconventional  monetary  policy  monetary  policy  Fed  ECB  BOE  BOJ  GFC  recovery  greatdepression  greatrecession  2014  lost  decade  productivity  output  gap  G20  G  Zero  G8  Europe  USA  UK  complexity  unknown  unknowns  Taper  deflation  deflationary  globalisation  globalization  flat  world  working  poor  squeezed  middle  class  middle  class  skill-biased  technological  change  technological  progress  knowledge  worker  knowledge  economy  economic  history  history  faultlines  Structural  Impediments  unemployment  deficit  imbalance  global  imbalances  sovereign  debt  crisis  Super  Cycle  debt  bubble  debt  jubilee  debt  monetization  debt  monetisation  default  demographic  bubble  speculative  bubbles  signal  vs  noise  noise  dysfunctional  marketplace  efficiencies  market  dynamics  market  intervention  financial  market  market  failure  market-failure  lost  generation  lostdecade  lostgeneration  currency  debasement  fiat  currency  fiat  money 
july 2014 by asterisk2a
Breakingviews: Don't sink the pound, Governor Carney! - YouTube
UK inflation rises less than expected in June, but still jumps to its highest level in over a year. With prices rising faster than wages, the new BoE Governor Mark Carney mustn't push down the pound.
currency  debasement  monetary  policy  consumer  squeeze  currency  war  Mark  Carney  modern  monetary  theory  monetary  transmission  mechanism  liquidity-trap  BOE  deflation  greatrecession  QE  NIRP  2013  UK  recovery  unconventional  monetary  policy  austerity  ZIRP  greatdepression  sticky  wages  zombie  consumer  wage  inflation  inflation  GeorgeOsborne 
july 2013 by asterisk2a
Mark Carney wastes no time in stamping his authority - Telegraph
Osborne fiscal plan of austerity till 2015/16 Rates don't go up beyond 2015 If market rates go up and make it more expensive for gov to borrow during tough times - will do QE - artificially lower the price again. >>> "Carney’s “not warranted” comment was tantamount to saying he expects rates to remain at 0.5pc until at least 2015. The vogue for “communication” is catching. In Australia, the central bank governor, Glenn Stevens, demonstrated how not to do it, after a “joke” backfired earlier this week, crashing the currency until his deputy calmed things down. [...] At the European Central Bank, president Mario Draghi was more successful. In a break with protocol, he said rates would be at current or lower levels “for an extended period of time”, delighting stock markets on the continent as they interpreted it to mean 2016 at the earliest."
currency  debasement  unemployment  monetary  policy  currency  war  Mark  Carney  modern  monetary  theory  Europe  MarioDraghi  output-gap  foreignexchange  BOE  ECB  benbernanke  greatrecession  QE  NIRP  2013  Fed  communication  PIGS  UK  debt  monetisation  sovereign  debt  crisis  youth  unemployment  forward  guidance  unconventional  monetary  policy  austerity  ZIRP  participation  rate  Taper  PIIGS  greatdepression  deleveraging  RBA  GeorgeOsborne  debt  monetization  centralbanks  balance  sheet  recession 
july 2013 by asterisk2a
The Next Domino: Australia Doubles Tax On Retirement Savings | Zero Hedge
How much do you trust your government? >> Portugal, Ireland, Hungary & Co. raiding savings of ordinary people. raiding long-term funds for short-term holes. Promises are there to be broken. Laws to be rewritten. >> BOJ putting a tax in form of currency debasement (forced inflation / debt monetization) on its savers and pensioners. >> the problem with current form of democracy is - the short-term thinking that went on for 70 years.
currency  debasement  Politics  Europe  transferring-wealth  pension  scheme  IRA  BOJ  political  folly  Cyprus  Australia  democracy  greatrecession  lostdecade  policy  folly  JGB  middleclass  2013  lostgeneration  short-term  thinking  trust  pension  fund  working  poor  confidence  wealth  management  Error  401k  bail-in  trustagent  austerity  middle  class  USA  PIIGS  greatdepression  pension 
april 2013 by asterisk2a
Consumer spending: Dropping shopping | The Economist
Britain’s squeezed households largely explain the country’s flatlining economy. + That is worrying, since other prices are highly unlikely to stand still. Firms facing higher energy bills tend to pass on cost increases. Another worry is the continued fall in sterling says Mr Kara. The pound has depreciated by close to 6% in 2013 against the currencies of Britain’s main trading partners. When the pound loses value imports become more expensive, cutting buying power.
currency  debasement  debtoverhang  2013  monetary  policy  GFC  consumption  economic  history  fiscal  policy  UK  debt  bubble  zombie  banks  sovereign  debt  crisis  consumer  debt  davidcameron  greatdepression  budget2013  zombie  consumer  deleveraging  public  debt  private  debt  GeorgeOsborne  greatrecession  balance  sheet  recession 
march 2013 by asterisk2a
Sprott: Do Western Central Banks Have Any Gold Left? Part II | Zero Hedge
We are currently in an environment where policy makers are intent on devaluing their currencies in an effort to create growth. Real rates continue to stay negative in most of the developed world. Every marginal dollar of debt that is created is producing lower and lower amounts of growth. In a world overwhelmed by mountains of debt and economic growth which is sub-par at best, precious metals and real assets can act as insurance against the stupidity of policy makers.
currency  debasement  QE  monetary  policy  2013  Fed  fiat  currency  economic  history  modern  monetary  theory  ZIRP  BOE  greatdepression  ECB  BOJ  monetary  system  currency-war  centralbanks  greatrecession 
march 2013 by asterisk2a
Dylan Grice Explains How "Crackpot" Central Bankers Are Destroying Society | Zero Hedge
Distrust is a brake on prosperity, because distrust is a brake on exchange. [...] So when central banks play the games with money of which they are so fond, we wonder if they realize that they are also playing games with social bonding. Do they realize that by devaluing money they are devaluing society? [...] Fed has monetized 50% of US Debt since 2009. http://www.zerohedge.com/news/2013-03-11/foodstamp-recipients-hit-record-alongside-record-dow-jones-and-record-debt-20-eligib - http://www.zerohedge.com/news/2013-03-11/presenting-currence-crises-devaluations-and-regime-changes-collapse-gold-standard
currency  debasement  monetary  policy  monetary  theory  modern  monetary  theory  unintended  consequences  academia  BOE  ECB  BOJ  currency-war  greatrecession  lostdecade  QE  Fed  society  lostgeneration  trust  economic  history  philosophy  confidence  trustagent  ZIRP  greatdepression  economics  centralbanks 
march 2013 by asterisk2a
Schweizer Franken: Die hochriskante Wette der Schweizer Notenbank - SPIEGEL ONLINE
"Tabus sind für immer gefallen", sagt der Genfer Professor Wyplosz. Die Zentralbanker, sagt er, "haben erkannt, dass das Wort 'unlimitiert' das einzige Werkzeug ist, das sie noch haben".

http://www.wallstreetjournal.de/article/SB10001424127887324081704578231262011018012.html
SNB  currency  debasement  currency-war  greatrecession  greatdepression  2013  monetary  policy  monetary  theory  monetary  system  CHF  sovereign  debt  crisis  PIIGS  economic  history 
january 2013 by asterisk2a

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