See the latest Australian dollar analysis here:
Kayaking in the Cook Islands, 2019: Photo by H. Becker
Stock markets are mixed again throughout Asia going into the final session of the week, with only Chinese markets seeing any upside action as the Bitcoin climbs through $18000 again while gold stabilises just above its recent lows, currently at the $1867USD per ounce level:
The Shanghai Composite is slowly eking out a positive session, up around 0.2% to 3366 points while in Hong Kong the Hang Seng Index is clawing back its recent losses, up 0.4% at 26449 points. Japanese stock markets remain in retracement mode with the Nikkei 225 off 0.7% to 25454 points while the USDJPY pair is slowly going nowhere here, remaining just below the 104 handle but not making new session lows:
The ASX200 is putting in a scratch session after a big week, currently sitting a few points lower at the 6540 level while the Australian dollar is having a very minor bounceback, a few pips shy of the 73 handle against USD:
Eurostoxx and S&P futures are again lacking momentum as seen on the four hourly chart of the S&P500, with price hovering just below last Friday’s low spot at the 3565 point level as the October highs continue to act as strong resistance:
The economic calendar finishes the week with a whimper, namely some tertiary data from Germany and the US.
Have a good weekend and stay safe!
- Macro Afternoon - January 22, 2021
- Macro Morning - January 22, 2021
- Macro Afternoon - January 21, 2021
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Macro Afternoon
Asian stock markets end the week on a poor
Macro Morning
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Data from Westpac: US weekly jobless
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Share markets are rising in co-ordination
“Lagarde: “As the sole issuer of euro-denominated central bank money, […] [ECB] will neither go bankrupt nor run out of money. In addition to that, any financial losses, should they occur, would not impair our ability to seek & maintain price stability.” https://t.co/AVOAPo2tam”
https://twitter.com/wonkmonk_/status/1329370144611717123?s=19
Let’s see how that will work if they have to cover $20tn of losses. At the end of the day it is faith that keep these fiats floating higher than where they should be. But once you start to keep printing money and people realise you can’t lose, everyone else will leave your table.
Its good that soverigns everywhere outsourced money to the masters of money, the banks, and allowed them full control over creation and allocation.
Because private institutions like banks are obviously experts at producing and managing their chief product, which is money (actually debt, but hey, whats the difference, right?) and would only ever make sensible decisions for the benefit of all.
“…..nor run out of money.”
When it becomes almost worthless, is it called money any more?
Do you pay your taxes in pigs, chickens, or gold – ????
I pay in rum
Paying in recycled rum is even better.
Its ludicrous because on one hand some want the currency at insane gold bug levels … whilst at the same time be low to incite private* investment from overseas …
No you pay in something that rhymes with rum
Oh great that fake Kilgore is back. Any more stories of how you’re such a great medical professional that bullies their staff?
I turn excuses for drs into folks that you take for granted. Why? Not because of your ilk
You’re a [email protected] mate
His wife thinks so too, why do you think she’s cola’d off her face in the day
in fiat.
https://imgur.com/gallery/iJ5tE
Trade shock.
IAG would take some of that eh? pinheads fubar-ed it seems
reacharounds ?
Yep – it’s only worth something as long as people exchanging goods and services say it is. (Not a concept enough people are aware of, IMO).
Lagarde is a lawyer and technically isn’t correct.
The ECB could reach a point where losses couldn’t be papered over with base money. And then which member state would recapitalize it?
Where the judgement is:
ECB negative net worth cannot be clawed back by by printing money (current/future seigniorage):
without
1 pushing inflation over 2% inflation target
2. sterilizing new money through non-money liabilities which impose further losses on the bank leading to a loop.
3. paying interest on reserves imposing further costs on the bank.
eg. losses of 20T would lead to insolvency.
Having said that they desperately need inflation and a lower Euro so I think they should be aiming to lose money. It is very sound policy.
Inflation is hopefully not too far away. First it will be prices and then it will be wages.
But only if theres enough debt that’s cheap enough so all the spare capacity generated from the incredibly well-timed virus stimulus isnt all absorbed from using it for obtaining this round of debt.
If the debt flows effortlessly like water, and cascades onto all like a tidal wave, then enough debt will make its way into wage inflation to create the next round of debt.
I think it may be time to revisit the accepted need for inflation. Can someone remind me again why we need inflation?
I remember that they used to say that deflation caused people to hold onto their money in the hope of cheaper prices in the future. IRs are so low that nobody really wants to keep their money in a savings account.
Are we trying to inflate the debt away? I guess big government deficits and QE are one way to reduce private debt but the RBA and government seem pretty keen on expanding the private debt pile so they are actively opposing debt reduction.
So what are they trying to achieve exactly by creating “inflation’?
Personally think they have found a way to shovel money upwards now that wages and real inflatio0n is going nowhere. Look at Scomo pinning public sector wage rises to private sector increases at the same time expanding the money supply a $hitload.
Inflation needs to be above the interest rate in a debt economy for it to work properly.
We are nowhere close to that when looking at mortgage rates. The system will not be able to work as they expect until we can achieve inflation of at least 5%.
How else can wages stay ahead of debt and create the additional debt that is required each time to achieve economic growth?
We were on track in 2006 – 2007 but everyone panicked and pulled the pin. I believe it was because they didnt fully understand how the system they created needed to work.
“Having said that they desperately need inflation and a lower Euro so I think they should be aiming to lose money. It is very sound policy.”
Yikes!
well argued
Do you even think about what you say before you say it? Literally you are advocating a new level of quackery, as in: “You have to get poorer to get richer.”
As in: one day your A$ buys you 1$US and the next it buys you only $US0.70. But the A$ is still too expensive so it must be destroyed so it can only buy $0.60! Sit on the toilet (or in a warm bath) for a few minutes and contemplate the fcking logic.
The world is doomed.
Restated:
You have to boost your income (by increasing sales of Australian produced goods and services) in Aussie dollars to get richer.
“You have to boost your income (by increasing sales of Australian produced goods and services) in Aussie dollars to get richer.”
Yes
Also consider the effect of the insatiable need for constantly growing and enormous piles of debt.
“You have to boost your income (by increasing sales of Australian produced goods and services) in Aussie dollars to get richer.”
Lol. I can boost my income by being paid in Venezuelan Bolivars — quadrillions of them, and parade around the neighbourhood telling everybody how rich I am. Or perhaps not. What the A$ buys on the global stage matters, you klutz. How do you not understand this. Sure, on a domestic basis you might put a gloss on the GDP numbers and boost the earnings of a few exporters, but beyond that you are screwing your citizens. ‘Math’ is not your strong point is it , sweep?
In a system that is totally broken and the end game is near, I think the only option for CBs and Gov is to clear bad debt via inflation. What else can they do? There will be losers as all creditors and savers will be hit – I am assuming inflation will be higher then IRs otherwise it will not work. But wages will have to keep up with inflation and I am not sure this will happen. Wages could be the one that will break the camel’s back.
“Wages could be the one that will break the camel’s back.”
100% correct Niko — wages, in a flagging economy will not keep up with real inflation meaning that a very large segment of the population, working or not, will become progressively poorer until …. all hell breaks loose.
Hope CEL produces some good news next week.
ADN/MEP have made me very happy over the last week .
I bought both two weeks ago. Good work. 👍🏻
Trump starting to build a solid case for widespread fraud in the swing states.
As solid as the dye + flop sweat dripping down Rudolph Giuliani’s face…
LOL
I could maybe, just maybe, wrap my head around people voting for Trump.
But how anyone can support what’s been going on with his refusal to concede and usurp democracy and the will of the people….well these people need to fully take a long hard look in the mirror. They have shown themselves to the world as the dishonest hippocritical cowardly pussys they always claim the other side are. It’s not funny. It’s disgraceful. And how anyone could ever vote for these clowns again after this epic dummy spit is beyond belief.
There are widespread irregularities. The Trump team are building a solid case.
Of delirium…
Pink Elephant beer? Do they sell it by the case? Seems appropriate for Trump’s republicans
How many recounts does Trump need to win?
https://www.abc.net.au/news/2020-11-20/georgia-called-for-joe-biden-after-recount-us-election/12904184
It was even better the second time
The rushed recount is being carried out by the same corrupt officials that did the first count. They are not doing a proper audit.
https://visiontimes.com/2020/11/15/georgia-recount-useless-without-robust-audits-republicans.html
No, they are not. They are trying to jack our democracy.
Indeed. They’re incompetent fascists but they’re now obviously fascists.
Sounds like a stitch up to me.
“The Trump team are (sic) building a solid case.” How would you even know if they were? At this point they are not making public any evidence they have collected. Anyone who has worked with horses would know the term: all p!ss and wind.
Given the way rudy was sweating assume you mean wide spread bowel movement irregularities.
He’s been building his case since six months before the election. What a goose.
Indeed, it’s so obvious.
He also did it in 2016.
I and many others fully support his underdog fight-back against deepstate oppression!
Sidney Powell has a formidable reputation. If what she says is true it is earth shaking. If it isn’t she deserves to lose everything.
🤣 Hugo Chavez!! Hitting all the retard “their commies” talking ponts to bleed the rubes….
Like the ghost of Hugo Chavez rigged the election?
Even ghosts have the seven-year itch
She’s gone completely insane.
you’re all mad as cut snakes and just as dangerous.
She was blaming Hugo f1cking Chaves. Talk about evil communist geniuses playing the long game. Just pure jibberish and Rudi sweating black ink like a beached octopus. The shark has been jumped.
“black ink like a beached octopus” gold
https://twitter.com/migtronix/status/1329641550347857920?s=19
Lol, people only sweat like that when they are not telling the truth and know it.
Thank you, for learning me something.
7 million votes homie
It’s as solid as my Diarrhea.
he’s starting? now? excellent work go turmp
😂
All that evil that the Dems did, that the shining angel GOP didn’t do, and only in the swing states?
Really?
Quality thinking says, ‘No, that’s special pleading’.
really ? his actual campaign keeps withdrawing cases, because when push comes to shove, actual lawyers can be disbarded if they lie to the court. Unlike the Orange tard, who lies with every breathe he takes.
so no, there is no momentum building. cases are being withdrawn or struck down every day, and your (and millions like you) cognitive disnonance is reaching herculean levels of power
but you keep doing you !!!
30 and counting ….total fubar
https://blogforarizona.net/having-lost-every-court-case-donald-trump-turns-to-burning-down-democracy/
NEW ZEALAND … 2020 WORKING FROM HOME … 2021 WORKING FROM ANYWHERE …
… Watch poorly governed (and therefore unaffordable … they go hand – in – hand) local government areas get deservedly gutted and bankrupted …
This year was all about working from home, but 2021 will be about working from anywhere – study … Daniel Rutledge … Newshub NZ
https://www.newshub.co.nz/home/travel/2020/11/this-year-was-all-about-working-from-home-but-2021-will-be-about-working-from-anywhere-study.html
A new study has found that the majority of New Zealanders are keen on working remotely, while on holiday.
While 2020 has been all about working from home for many of us amid the COVID-19 pandemic, 2021 might be instead about working from anywhere.
The YouGov research commissioned by Airbnb surveyed 1000 Kiwis and found 53 percent of full time workers say the change of scenery offered by a work staycation appeals to them.
Seventy-four percent would be happy to relocate and work remotely, while 81 percent said the ability to work from anywhere will be a huge driver when considering their next job.
“This research shows that Kiwis believe a change of scenery to work remotely comes with big benefits from improving their work-life balance,” says Susan Wheeldon, Airbnb’s country manager for New Zealand and Australia. … read more via hyperlink above …
Typical middle class hubris. If the job can be done from a tropical island in south-east Asia then it sure as hell can be done in Manila. At 1/5th of the cost and more productive.
Stitch Up … For good numbers of them, just so long as they turn up at the office say once a month or thereabouts I understand.
If the news out of the USA is any guide, it would appear this massive dispersal and decentralization is spawning enormous entrepreneurial activity as well …
UNITED STATES SMALL BUSINESS: SURGE IN STARTUPS …
Corporate employees working from home are creating a surge in startups … Gene Marks … The Guardian
https://www.theguardian.com/business/2020/nov/19/small-business-startups-corporate-employees-pandemic
Only if no initiative is required and they have some solid scripting.
Agree, but SEA isnt as cheap as you may expect these days. Still cheap though if you’re a company looking for workers, due to the favourable exchange rate and low rate of debt, but if you’re a company looking for B2B services then not really all that much cheaper.
Which builder in Vic is going to go under next…..just a little bit of history repeating.
Albo leading with his chin again.
“Do they take us for mugs?” Yes. Yes Albo they do and the problem is you really are!
https://twitter.com/AlboMP/status/1329627424380764166
You say Albo … I think electric lawn-mower.
Or. lately, electric electric leaf blower (farckin sh!t – don’t do it!).
I raked 2 inches of leaves off my dead lawn today.
But I’m thinking of getting a petrol leaf blower to annoy the renovators.
There’s an outside?
Ironically Bunnings tells me petrol leaf blowers are more expensive.
How can that be?
Electric leaf blowers are very effective … if allied with a stiff bristled broom! And a dustpan and brush. And, ultimately, your hands.
What you have to ask yourself is…
Does leaf matter?
no words.. 😁
https://twitter.com/SGM63/status/1329661820596961280
Reusa might
👯
80s lycra on 90s MTV dancer boys. So passé. Though respect has to go out for being able to walk in those shoes. I struggle to walk from the front door to my car in volleys on some days.
Ready to mow the lawn I’d say.
To this soundtrack
https://youtu.be/tPSFpaCQEvA
Ya know.
I don’t think I’d let Sparks babysit.
When all the toxic men are gone! We get homos. LOLOLOL.
Now imagine a larger gentleman in a skin coloured bikini with fly’s eyes walking around the office like that.
And they call HR!
I thought they valued d!versity!!!
It was almost enough for me to chuck the muumuu on.
https://muumuufactory.com/mens/
That makes me visualise the overweight and Sunbury yobbos at the cricket in the 80s. Their Stubbies were more revealing than the tights in the clip. The models also managed to walk in a straighter line and maintain more dignity than the yobs.
What do you mean the 80s?! Sunbury is still like that 👀🚨
Pffft! In hijabs maybe
With a few minor tweaks you’ll be bul1et-proof for next time.
https://static.simpsonswiki.com/images/thumb/1/17/Bumblebee_Man.png/250px-Bumblebee_Man.png
I don’t even know what to say… Maybe this..
https://youtu.be/WDswiT87oo8
When Biden said he had assembled the most extensive and inclusive voter fraud organization in the history of America he was right. Here Trump’s lawyers summarize the various frauds they have found so far:
https://www.youtube.com/watch?v=gbpkNiDbucA
Seriously delusional.
Anyone who trusts the fake news main stream media is seriously naive or not very bright.
Trump lost. It’s over.
If you watch the press conference, Trump’s lawyers provide evidence of industrial-scale fraud by the Democrats. Also see the Gateway Pundit for more details. The fraud was so massive because Biden was so far behind.
Did you watch Biden win Georgia the second time? Beautiful it was. Brings a tear to my eye.
He was only behind because the urban vote took longer to count. It’s over. Trump is simply trying to jack the election. As is everyone who supports him acting this way. Members of my family included. It amazes me that some of these people are talking about “making America great again” while trying to overturn the election that is the will of the people. The c#nt needs to stop trying to subvert litigating his way to a second term that he has lost. If he doesn’t I think that violence should be expected and is completely justifiable. It frightens me that so many if his supporters are willing to throw the country under the bus because they can’t stand losing.
So you are ok with massive voter fraud that stole the election from Trump and the people that voted for him?
No, what I’m not OK with is a guy who lost the electoral college trying to use the courts and state legislature to mount a coup. And I’m not OK with everyone Republican standing by and letting him do it.
There’s your scandal. There’s voter fraud the same way there’s Santa Claus. There’s a reason Trump is being summarily laughed out of every court he visits.
I suspect that there’s fraud and mistakes in every election, but not on a scale large enough to effect the result. It was substantial in the Electoral College and a huge amount of popular vote.
You are advocating the subversion of our most sacred right. That in itself sends a chill down my spine. If Trump somehow stole the election supported by people like you spouting this kind of nonsense, I’d be violent. And I wouldn’t be alone.
Anyone gullable enough to believe Trump’s accusations around a rigged election is a conspiracy theory nut job who likely also believes Covid is a hoax, the moon landing was faked and probably also believes in Big Foot.
The world 🌎 is flat Gav. Flat as.
Until society invests more in Education this is likely the result
You’re just waffling and ignoring the evidence.
There is no evidence. Read the court transcripts. Funny how, when threatened with sanctions or disbarment, none of those JD’s say anything near what Mt Trump has been spewing in the atmosphere.
On education – I remember in high school a teacher asking the class what major events had shaped the earth’s natural history. There were answers such as continental drift, volcanos, ice age etc. Then someone put up their hand and said when the earth stopped being flat and became round!
Mate, why do the courts keep throwing the ‘evidence’ out?
Are they deep state as well?
Is it Trump and The Last Real Americans vs the world?
Or, the US has a solid system that has done it’s job well, and Trump et al are trying commit one of the greatest crimes in American history, possibly the greatest…
Quality thinking says it’s the latter.
Some of the courts in the Democrat run states are corrupt, but then Trump can take it to the supreme court, where he should get a fair hearing. If you watch the press conference by the Trump legal team and read the Gateway Pundit you will see the volumes of evidence of industrial-scale corruption. Biden got less or similar votes to Hillary Clinton in most major metro area except for four Democrat-controlled cities in swing states where he massively outperformed, courtesy of an overnight vote dump. Republicans have a net gain of at least 9 seats in the House of Representatives and held onto the Senate.
https://www.paulcraigroberts.org/2020/11/17/biden-underperformed-hillary-clinton-in-every-major-metro-area-except-for-four-democrat-controlled-cities-in-swing-states/
The Supreme Court would put it back to the states.
Anyone who trusts the fake news main stream media is seriously naive or not very bright.
Says the guy referencing The Gateway Pundit. 😂
Anyone who trusts fake news is seriously naive or not very bright.
ftfy
Still peddling that fake clip. How many times over how many weeks is it now?
Tell me, are you a Christian?
As a Christian, I sincerely apologise for some of my brothers and sisters in Christ…some of them are fighting a culture war they don’t need to fight, in ways they shouldn’t be fighting, and have been bewitched by a poisonous wordsmith, who does little more than deliberately intersect with some of their values and tell them what they want to hear…
I have significant grief over this, and have even been literally brought to tears.
😥
As a “Christian” you should know you don’t have to.
Your Lord and Saviour repented for all mankind for all time – “Lord why do you forsake me” – to save the other douchebags apparently.
Taking on His duties is sinful pride and vain glory…
Mig, not sure that’s all quite right…
Anyone interested in what is going on should just watch the latest press conference by Rudi and team. I takes an hour and 20 minutes. They laid out their arguments quite clearly and I thought Rudi was excellent. He surprised me actually, I thought he was past it but if you take the time to listen he’s very good.
If you take the time to listen to the whole video, then look at the media reporting of it, you’ll realise the msmedia just all ran hit jobs on them. It’s a good opportunity for people to see how the media really work. Straight out media lies.
Lol!!
“President Trump told an ally that he knows he lost, but that he is delaying the transition process and is trying to sow doubt about the election results in order to get back at Democrats for questioning the legitimacy of his 2016 election, a source says. https://t.co/yGbF040HpB”
https://twitter.com/CNN/status/1329771522324647936?s=19
You really need to start seeing through the lies you are being told. Just switch off CNN, you’ll find it helps to remove the fog and maybe you can start to view the world in a more realistic way.
Yes except their arguments are a confection of conspiracy with a lot of statement and no verifiable evidence.
Sets my bullshit meter to maximum and keeps it there.
If you believe any of that well I have a bridge to sell you.
The real criminality though … Trump clearly attempting to interfere in Michigan’s certification process via Republican committee members … how is he not impeached for that? How can Republican senators permit a President to continue when he is poisoning the very democracy that gives them their status and employment? Biden clearly won, incidentally with the same margin that Trump won in 2016, and replacing Trump with Pence for the next 60 days before Biden inauguration has to be getting attractive.
You rage against Trump interfering then suggest a coup to remove Trump early. Think about what you are saying. That’s a dangerous type of thinking which unfortunately affects too many people.
Further, what redress should a President and a people have when there is massive systematic fraud and cheating to steal an election. Surely they are entitled to question it and try to present their evidence in court and to try and alert the public, notwithstanding the difficulties of collecting evidence in the short time available.
Yes but their “evidence?” falls apart on slightest examination. News.com.au went through … the Dominion voting company has never done business in Venezuela and nothing to do with anyone who deals with Soros. There is a competitor voting company that has done those things but (1) apparently not involved in any of the swing states, (2) dumped Venezuela as a customer in 2018. It appears that the 2 companies have been confused in some peoples minds.
Additionally if any of the vote switching was going on it would have been in Georgia but they hand counted and all they found was human error.
So the “evidence” is incredibly weak.
And therefore the incessant appeals even after losing many many court cases are not a cry for justice but instead an attempt to subvert the political process.
https://blogforarizona.net/having-lost-every-court-case-donald-trump-turns-to-burning-down-democracy/
Spot on.
Friendlyjordies on the money again:
https://www.youtube.com/watch?v=VmQy4cVWumk
TAB still haven’t paid out on the US election so they obviously believe in Trump’s claims.
Separating fools from their money
“We withdrew because we won!”
https://twitter.com/realDonaldTrump/status/1329521771041726465?s=19
withdrew..coz premmy ejaculation..ask stormy
No … I dare say TAB would argue something like that the election is contested, they are in no position to adjudicate, so they are waiting for the US processes to play out and for the decision to become official, which I believe is via the Electoral College.
You should get over to comments section at moon of Alabama recent China article. Can’t be bothered to give link
Wat
Don’t want to see this?
https://www.moonofalabama.org/2020/11/how-not-to-challenge-china.html#comments
If the yanks are this crazy let’s join them. They are more insane than the China China
Say you spent 150 days in your life bashing Dan and then after 3 weeks and no cases you realized you were really just part of a circular firing squad. What would you do next?
Pretend you did not bash Dan for 150 days.
Bash a r al-Assad?
lol
Well you’d be deaf from the silence
Mig must be feeling better
Shoot the jerk who forces masks on 5 million people when there have been no cases?
Continue to blame Dan for what’s happening in SA.
Everything’s Labor’s fault – Peta said so?
If you were a multi synaptic organism you would remember how and why it started and the obfuscation and dishonesty that ensued.
You wouldn’t be congratulating him for cleaning up the dump he took on your doorstep. You would just expect he shouldn’t have done it in the first place and that he wouldn’t do it again. You certainly wouldn’t rub his tummy and tell him he was a brilliant boy for regaining continence.
Dan for PM. A leader who makes tough but the right decisions. Scomo is a joke by comparison.
You like some Labor stooge bloke?
still worried about vacancy rates bloke?
Actually more like anyone but scomo.
Go give him a gobby
Do you generally have sex with people you vote for?
I don’t vote.
If you don’t vote, you can’t complain.
Hey ermo get this up ya!
https://www.youtube.com/watch?v=_5-h7ZctuOA
The MB song!
https://www.youtube.com/watch?v=Q954LxEzyY8
Well the credits are a revelation
You’re all welcome
Time for that Pizza employee to go back to India, I would reckon …
https://www.abc.net.au/news/2020-11-20/sa-police-launch-taskforce-to-investigate-pizza-worker/12906048
Don’t strain your brain, numbnut:
– he wasn’t
– it isn’t
I’m a bit late replying but just heard that apparently he’s Spanish. Perfectly illustrates what I was saying to you the other day, plenty of shifty people around, not just subcontinentals. But yes, send the Spaniard home.
Jeez mate. Harsh, bloke.
I’ve got nothing but sympathy for the poor blighter.
He clearly wasn’t expecting such an inquisition.
Boom.
Is this normal to have the husband do the “public appeal for information”?
https://www.dailymail.co.uk/news/article-8968717/Dover-Heights-mother-Melissa-Caddick-no-closer-found.html
Normal under what circumstance?
Husband’s are always the main suspect in a married woman’s disappearance. There is a psychology to it – the police will examine his body language and micro-expressions when he’s talking to the press.
I have to admit I jumped to the same conclusion myself
Yeah it’s like that chick who fed her baby to the dingoe! You just know she done it.
no doubt
https://www.rt.com/sport/484358-kazakh-bodybuilder-sex-doll-marriage-coronavirus/
As expected Trump and co trying to crash the stock market/economy before Biden gets in:
https://www.politico.com/news/2020/11/19/mnuchin-cutting-coronavirus-aid-economy-438487
It survived before them. It will survive in spite of, and after them.
Tell that to the millions of unemployed and those on govt assistance there. Unlikely to get ‘back to normal’ for them for a very long time if ever.
Collateral damage in The Donald’s eyes to saving numero uno from the likes of The Donald’s bankers?
He’s making America Great Again for the 1%
In another time and place Trump would be throwing acid in some woman’s face because she told him to fvck off.
Hey 007,
https://fred.stlouisfed.org/graph/?g=xXiq
https://fred.stlouisfed.org/graph/?g=xXiP
thoughts?
I’ll do the thinking for you. Fed prints money, buys Gubmint debt, money supply goes up.
There is nothing to see here. Welcome to your future.
That would explain M1 but not M2 in the money cranks schema, and definitely not M2 v private credit.
Explains nothing.
M2 is just a broader measure of money supply. In other words, nothing to see here, except that M2 is a better aggregation of commercial and gubmint MS activities.
QE only impacts the asset side of a commercial bank balances sheet not the liability side.
So why has M2 exploded during covid while credit has shrunk?
Any MMTers, money crankists, 007,anyone?
“QE only impacts the asset side of a commercial bank balances sheet not the liability side.
So why has M2 exploded during covid while credit has shrunk?”
Lol. You are not qualified to speak on this subject as you have no clue how it all works. It has nothing to do with commercial balance sheets as they have to balance at the end of the day. M2 increases are down to central banks buying assets from, er … commercial banks! Funnily enough, when you print money to buy these assets you, in the process, increase the money supply!
It’s not rocket science — just ask politely and I’ll explain all 😉
Don’t you bore yourself? As in doze off as you type a comment?
“It has nothing to do with commercial balance sheets as they have to balance at the end of the day”
That is just…. illuminating.
So a policy which merely swaps assets on the asset side of the commercial banks balance sheet, but has no direct impact on the liability side (where M2 is predominantly counted) somehow is totally responsible for growth in M2 (which is driven by growth on the liability side)?
you realize serious economics has an anti-libertarian bias?
“So a policy which merely swaps assets on the asset side of the commercial banks balance sheet, but has no direct impact on the liability side (where M2 is predominantly counted) somehow is totally responsible for growth in M2 (which is driven by growth on the liability side)?”
As I’ve stated a hundred times before — your take on how this all works is erroneous. You swallow BS written by fools who don’t understand how this all works. Free world and all that. Have you ever worked in banking? No you haven’t, so STFU and learn from people who have.
Lol, there’s that comedy again
Only for those who are concerned with censorship [Trigger Alert for snowflakes and assorted w0kesters]
https://www.youtube.com/watch?v=eBFJWfb8AFM
Nobody’s stopping them from speaking. They just need to find a new platform to do it on.
Correct. But they’re being censored nonetheless.
If you cheer censorship , then be my guest. Stalin and H1tler did too, so you’re in very good company.
As the Libertarian you’re cheering on Zuck et al’s right to “censor” whatever they want on their platforms, right ?
Not really, smithy. You really need to watch the whole clip through. ADHD?
Can’t help.
You link to Murdock lmmao and to top it off Tucker ….
Tucker Carlson slammed former President Barack Obama in April 2017 for giving a $400,000 paid Wall Street speech, calling it “indefensible.”
“What could the former president possibly say a) that we haven’t heard, b) that would be worth $400,000 for an hour?” the Fox News host asked on his show.
Five months later, Carlson and Obama both spoke at the same conference hosted by the Wall Street giant The Carlyle Group, a private equity colossus.
According to Bloomberg, Obama “discussed his life and the decisions he made in the White House.” It was one of three finance industry speeches Obama did in the span of weeks.
Carlson, who has been known to criticize Wall Street on his show, spoke on a panel with other journalists. He has also done speaking gigs with JPMorgan and the investment banking firm Jefferies Group. Carlson bills more than $70,000 per appearance, according to his profile on the Washington Speakers Bureau.
The revelations about Carlson were included in records obtained by The Daily Poster from state pension systems that invest in private equity firms.
The documents spotlight how an elite group of Beltway luminaries give secret speeches to investment firms that are eager to win political friends and influence the influencers as those same firms seek to preserve special tax loopholes and prevent more regulation of their increasingly controversial business practices. – snip
https://www.dailyposter.com/p/tucker-carlson-and-media-elites-cozy
Tell me again about that rigorous libertarian logic – ????
Obama really managed to build the perfect… resume.
Reports from Harvard was suck up to teachers with a side of ticks all the idpol boxes.
Per your up tread convo with Dom I just don’t eschew Marginalist views at onset – see Daniel Kahneman. Funny how some – now – criticise the DSGE based on the savings/interest rate connection from an empirical point-of-view but will not criticise the utility maximising agents in the model which are subject to an identical critique.
Yep. Obama = Saint
Tucker = Devil
Yaaaawwn.
Try thinking for yourself sometime, skip, you might find it refreshing. You and these ‘woke’ sheep have a piss-poor destiny. If you had a brain you’d line up a plastic surgeon and arrange for a name change, ASAP.
Where did you get the notion that I think Obama’s a saint nimrod, not that it matters to Tuckers M.O. and how that reflects on your totalitarian knee jerk.
Dear dead intellectual capital [libertarians] Obama was in bed with developers before running for any office, remind me again who his pick was for SecCom, AG, and Chicago boy extender …
Do you read the comments you respond to Dominic?
Hay Dominic ….
https://www.nakedcapitalism.com/2013/04/obama-at-the-hamilton-project-2006-this-is-not-a-bloodless-process.html
Hows them apples …. seems you might have to take your own advice on what constitutes cognitive abilities …
I have watched Tucker Carlson videos more than enough times to know they’re filled with little more than bluster and bvllshit.
He carries less than zero credibility.
Oki doki! If you’ve vetted TC’s content and it’s all BS then that’s the final word 😉
C’mon though, even you have a sneaky admiration for Tucker — there’s no smoother, more charismatic operator out there. No wonder his show is the most watched in the US. Even liberals love him (secretly).
Polkadot.
completely off topic . mebbe interesting in w/e links?
https://medium.com/indica/i-lived-through-a-coup-america-is-having-one-now-437934b1dac3
ripping line:
“we’re like the third world now” as if our very existence is a pejorative. Ha ha, you assholes, stop calling us that. You’re no better than us. The third world from the Sun is Earth. You live here too.
No love for peasants in weekend links again. Oh well
Knowledge is only for the elites. Not for us peasants.
Just do like I do and watch some episodes of Nathan Birch’s adventures on youtube!