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This is not a "great stagnation".
It is a central bank credit bubble collapse.
they still got ink?
quote of the week
"governments dont rule the world. goldman sachs rules the world"
good, maybe they'll die of syphilis like other conquerors
What else should a fiat central bank hoard? And get this... it's digital now. wtf? I'd prefer they DO print the money.
Let's call it what it really is: Great Economic Depression II
It's a thriller really: Great Economic Repression II
Nothing "great" about this one except for bailed out banksters
Chinese calls this "US fcked looooong time time"
Military calls this "SNAFU": Situation Normal, All Fucked Up" OR "FUBAR": Fucked Up Beyond All Repair/Reason/Recognition
Consultants call this "Clusterfuck" : A combination of things going extremely wrong in a short period of time within the same general activity -- caused by stupidity and/or ineptitude.
Middle class call this "3rd world economy"
Illegal immimgrants call this "Amnesty in America"
Republicans call this "whining"
400 richest trust fund babies all grown up call this "Meritocracy, capitalism, free market"
Bin Laden and Al Queda calls this "Thank Alah, We won!"
Let's call it the Long Depression II
stagnation is due to deleveraging. As any income is used to pull down debt. Once again, direct job fiscal stimulus can get us out of this. If the government would set up programs to hire workers, which has a large multiplier effect, more ppl could pay off debts faster, and cheaper, with the accomodative monetary policies. And this effect would ripple through the economy, and promote economic activity.
We do not have a problem with over-supply. We have an under-consumption problem due to stagnant wages, and deleveraging.
Once again, government does not create jobs. Stimulus does not work. If it did, it would have worked already. Stealing from the future to pay for the present and past is unhealthy and doomed to failure. There's no 'multiplier effect'...that's just jibberish spouted by the likes of Krugman to justify expanding central government power under the fake disguise of stimulus.
Central planning, always and forever, operates outside of market forces and therefore always creates imbalances, distortions, and malinvestment of resources. The 'deleveraging' you speak of is a collapsing of the central planning-created economic bubble, a collapse as inevitable as gravity. Any attempt to prevent it is a) doomed to failure and b) probably going to make the ultimate outcome even worse.
Why don't you go through the ZH archives for the past few years, and educate yourself on the reasons why central planning is the problem, not the solution. You think you're saying anything that hasn't been refuted a hundred times already? You're not.
'From Great Recession to Great Stagnation'...wait, I thought just Monday they were still saying a recession was maybe possible down the road, IF drastic measures werent taken...now we've priced in the GREAT recession and moved down into the Great Stagnation?
I dont even call it stagnation I'd call it the Great Baffle Em With Bullshit, because thats obviously all theyve got.
as long as it's great, cause were a great country right
WASHINGTON (Reuters) - New claims for jobless benefits fell sharply last week to their lowest level since April although a Labor Department official said government statisticians had problems seasonally adjusting the data.
DAMN YOU meddlesome SEASONAL ADJUSTMENTS!!
well it is fall
Followed links this morning and was led to (against my better judgment) an article titled "4 Scenarios to Spark a Rally". I clicked just to see if I was missing something. Here's the short version:
1. Europe Solves its Problems
2. Government Action
3. Companies Spend Their Cash
4. Strong Corporate Earnings
So I figured this is good news. If Smart Money can only figure out 4 scenarios that will lead to a rally, and all 4 of them are crap, then there's no rally coming. That's practically as good as good as a rally, right?
LOL its even worse than the Underpant Gnome corporate business model!
'Govt action'? LOL!
5. Flying Saucer Full of Space Cash
WE'RE NUMBER ONE! WE'RE NUMBER ONE! WE'RE NUMBER ONE!
Terrorist Police Information:
As we watched your officers kettle innocent women, we observed you barberically pepper spray wildly into the group of kettled women. We were shocked and disgusted by your behavior. You know who the innocent women were, now they will have the chance to know who you are. Before you commit atrocities against innocent people, think twice. WE ARE WATCHING!!! Expect Us!
Anthony Bologna D0x
NYPD Deputy Inspector
Patrol Boro Manhattan South - 212-477-6181
-WAS Commanding Officer of the First Precinct for the past 5 years
-Possible phone number: (518) 989-9051
----------------------Reason for D0x'ing
Anthony Linda Bologna
Anthony V Bologna
Anthony Jennings Bologna
Linda S Bologna (family)
Dana M Bologna (family)
Jenna Angelina Bologna (family)
J Bologna (family)
Angelina Bologna (family)
Joanne A Bologna (family)
Anthony C Bologna (family)
St. Paul's High School (1970-1974)
----------------------Last Known Addresses
5 Sawyer Ave, Unit A, Staten Island, NY, US
You might possibly be insane... I think your tin-foil hat may be on too tight...
The above was referring to the below
Maybe karma does exist.
Wow. Here, email a banker:
douchebag, pepperspraying a group of protestors does not make one a "terrorist" its makes one an "asshole." If this is the biggest injustice that you can find int he world and posting this guy's family tree is your biggest contribution to righting it, you need to get out more....
If you had half a brain you would know that it makes one GUILTY OF FELONOUS ASSAULT on multiple counts plus an array of other CRIMES, all COMMITED by a person who swore to protect and defend NOT harass and injure. Police officers should be held to a HIGHER standard, therefore this 'person' should have not only the book thrown at him, but the entire library. Not only is the guy an asshole, he is a FELONOUS TRAITOR TERRORIST PIG!
You son are an idiot who lies.
I watched the video. The "kids", adults really - all looked 18 or older, were not being peaceful. They weren't rioting, but they weren't being peaceful or respectful of the law.
Granted the cop looked like he sprayed when too close. But not knowing the effective control range or potency of the spray, or how much of a drama queen the girl is, I'd say such are reasonable, wise and mature questions. Based on your characterization, you clearly have none of those character traits.
Btw, just because the law books state something to be, and define something in a certain way, doesnt make it the truth. History is filled with evil laws of men that are filled with falsehood and lies. The "right to an abortion" being one such law. It's but a step away from that law to someone like you being labeled a terrorist based upon your words, and thrown in prison. If you doubt such consider what is done in Germany if one speaks incorrectly about the Holocaust?
The fact is son, you are at best an immature drama queen. There's hope for you though....but probably not until we see a minor degree of testosterone in the form of a non-bambi avatar.
Being one of the sherrifs men does not make one immune from his immoral actions. BTW he isnt just being an asshole, he is an asshole with a badge which is 10x worse.
"All that is necessary for evil to triumph is for good men to do nothing."
This is how anonymous crowdsources justice. The info about the person will be found and distributed, while justice-conscious people taking the next steps into their hands. Shame him in the eyes of his parents, of his wife, of his kids, his colleagues."Oh, right, I know your father! He's that corrupt cop who pepper sprays peacefully protesting women right in the face! Have you ever tried telling him to lay down the steroids? You might want to have a wet bandana and milk at the ready, though, in case he maces you..."
Whats all the hubbub...the answer is simple I thought, just PRINT!
Please, Private Bankers, could we have some more of our national currency? As a credit this time? no?
The Bernank needs to spend more time on a treadmill to figure it out, faster is not better.
QE1 announced: March 18 09 - EURUSD 1.2662
QE2 announced: Aug 27 10 - EURUSD 1.2731
QE3 announced: ? - ?
QE3 announced: Oct 27 11 - EURUSD 1.2411
Bingo. Yes, look to lower Euro for when QE3 shall commence. My Blog
China will tolerate either a low USD or low Euro, but not both. The EU crises and lower Euro is messing up the international currency arrangements. Bernanke will be forced to commence QE3 to take USD lower than the beat down Euro to prevent China re-peg to USD. I leave it to others such as "Brocoli" to speculate what the Euro price point shall be.
If you want to see QE3 ahead of the market, watch the euro.
Finally, it is not quite true there are no winners in a currency war. There is always one winner – gold.
"I like this world"
Go to hell
It's not so bad to have 0.5%-1% avg. income growth while "CPI" is clsoe to zero, liek in Japan. Especially if this 1% growth is equally distributed among the pupulation.
Well, The Bernank will make damn sure the inflation will be much, mich higher, and together with the bough-by-the-banks govrnment they will make sure that the entire 1% will go to the top 0.01% of "job creators"
Typical ZeroHedge flip-flop... We hate Goldman Sachs unless they print something we like! Tyler, I guess your were first against it before you were for it...
Nothing like taking a man's (or men, or whomever) word who hides behind an alias...
Goldman was wrong in 2010 and was called out. They are wrong again as the situation is far, far worse than mere stagnation. Although speaking of aliases, oh Grand Vizier, you are absolutely right.
The Squid always refers to a Higher Truth
I don't know, only a criminal would lie that much...
Quite the contrary. Zero Hedge has been consistant and clear in its thousands of comments on central banking, crony capitalism, and the direction of this sleigh ride to Hell. Capitulation by Goldman is newsworthy, and is definitely not evidence of flip-flopping.
As an aside, I don't agree with all of the conclusions of the article. I view the GS report as a set up, telling everyone we are going to limp along for the forseeable future when in fact, the Boyz know the jig is up on Monday.
Why Monday? Start of new fiscal US year? Something else?
From Rosh Hashanah to Yom Kippur...
Goldman got it all wrong last year, why should anyone believe they got it right now?
I don't understand Zero-Hedgers, if Goldman is bearish and they are the devil, doesn't that mean we should be bullish? Does this explain the gold action???
Will the conundrums ever cease?
No comment. If anyone discusses the facts in a rational manner, they leave themselves open for you to cherry pick and call them a flip-flopper.
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