I predict that the S&P 500 will be well under 5,000 by September 30th

[Into the Night]

QE2 is not about softening landings. It is about trying to escape a liquidity trap.

It CAUSES a liquidity trap. It's inflation.

It is about escaping a Great Depression level collapse by causing real damage.

It CAUSES depression. The Great Depression saw a QE (or devaluation of the dollar) by a whopping 66% AND the theft of gold by the government (that's when Fort Knox was built, to house the stolen gold). That depression lasted 23 years. Like many of the others, it was caused by Democrats.

 

[Into the Night]

I've been following this since the S&L scam. A soft-landing means too big to fail/jail. We've been at Great Depression numbers since 2008. You're only starting to figure that out now.

Not quite, but yes...the dollar devaluation since 2008 has been about 60%. Most of that occurred during the Obama/Biden years and again during the Biden/Obama years. Combined, these two economic depressions devalued the dollar this far. Obama even called the depression he caused "The New Normal".

 

[Into the Night]

Japan had a 30 year period of deflation and zero inflation that they simply could not break out of.

Japan has had no deflation since they converted to fiat currency.

That went from the early 1990's to recently. It was well into their fiat currency period.

Inflation is not deflation, Wally. Japan is currently in economic depression.

During the Great Recession, the USA had several months of deflation, and a few years of near zero inflation. Slipping below 2% a little is not the end of the world, but this was well below zero, and persistent.

The United States has never had deflation since converting to fiat currency.

Deflation is a terrible economy killer, so it has been very upsetting when we even get close to it.

Deflation is lower prices, Wally. People start buying stuff. That's economic recovery.

The Fed, and most economists have a target of 2% inflation.

No such thing, Wally.

Interest rates are the price that has to be paid to get money on loan.

Interest rates are not money, Wally.

The lower the interest rates are, the more money will be created through loans, and the faster that money will move.

Interest rates are not money, Wally. What you are describing is not money, but velocity, artificially pumped up temporarily. Inflation itself is still there. Even at zero interest rates, velocity cannot be maintained indefinitely.

 

[Into the Night]

The idiots still claim they' defeated inflation', which of course is utter rubbish; they merely slowed down the rate of inflation. If they had really'defeated inflation', prices would be at 1910 levels. lol

An ounce of gold is still worth an ounce of gold, and still buys what an ounce of gold was able to buy in 1910 (adjusting for improved manufacturing techniques since then).

 

[EdwinA]

It CAUSES a liquidity trap. It's inflation.

It CAUSES depression. The Great Depression saw a QE (or devaluation of the dollar) by a whopping 66% AND the theft of gold by the government (that's when Fort Knox was built, to house the stolen gold). That depression lasted 23 years. Like many of the others, it was caused by Democrats.

It's just stupid for these morons to believe the Federal govt. should be loaning money out at what are negative interest rates. That makes no economic sense at all, and only generates more inflation all by itself.

 

[Into the Night]

It's just stupid for these morons to believe the Federal govt. should be loaning money out at what are negative interest rates. That makes no economic sense at all, and only generates more inflation all by itself.

No...it's desperation. It's "take our money! We'll pay you to take our money!", bullshit. It's an indicator just how worthless the currency has become and the loss of confidence in it.

It happened in Japan, too.

China is a little different. They are a nation where communism prevails. The government owns the steel and concrete industries. Instead of printing their way out of their troubles, they are trying to build their way to prosperity.

For example:

* Cities for no one to live in.
* Infrastructure upgrades few use.
* Grandiose projects like the Three Rivers dam, that is already showing signs of weakness.
* Military vessels made with bolts and other hardware that doesn't fit or isn't suited to the rigors of the sea or of warfare.

And the result? Money velocity is almost nil in China. There is no retirement system, and people are saving like crazy to live off of what they can accumulate, or exporting their wealth by hook or by crook and fleeing the country, if they can.

For the United States, the tactic is to print your way to prosperity (which obviously doesn't work any better). People are already losing confidence in the dollar, and are looking around for another currency.

 

[Into the Night]

Claiming to 'defeating inflation' is just media hype in a desperate effort to hide or deflect what's really happening. Democrats are especially good and coming up with buzzwords and shifting meanings for words (since they only speak Liberal).

The debt the federal government owed is currently $37 trillion. There is no way to pay it. Just servicing this debt has become the 3rd largest budget item (more than the entire US military budget). That is NOT paying it down. It is only paying the interest on what the debt already is.

And the national debt is still climbing.

Currency and credit derivative swaps is now exceeding $718 trillion. This is money created out of thin air.

We are headed for a combination debt crash and currency crash. The federal government has no way out. It's only a matter of time.

 

[goat]

It's just stupid for these morons to believe the Federal govt. should be loaning money out at what are negative interest rates. That makes no economic sense at all, and only generates more inflation all by itself.

US Treasury is now accepting (asking for) donations from PayPal.

 

[EdwinA]

The U.S. economy has a net export balance of -62 billion or so just in May alone. Drop that down to zero or even into positive territory, and with mass on-shoring we have a $90 trillion economy, and much larger tax base, large enough to decrease taxes on average. Stop creating credit bubbles, deport about 80 million or so who don't belong here and are just criminal nuisances, and we're more than fine, and the deficit borrowing stops and gets paid down in 10-20 years. Stop pandering to Wall Street and start pandering to real productivity and manufacturing re-repatriation. Follow Jefferson's advice on what he would do to his own Party he were alive today.


Every society has a right to fix the fundamental principles of its association, and to say to all individuals, that if they contemplate pursuits beyond the limits of these principles and involving dangers which the society chooses to avoid, they must go somewhere else for their exercise; that we want no citizens, and still less ephemeral and pseudo-citizens, on such terms. We may exclude them from our territory, as we do persons infected with disease.


Thomas Jefferson to William H. Crawford, 1816

The fixes are obvious and simple: Just favor real citizens over aliens, traitors, and angry burb brat deviants. The rest takes care of itself.

We are now a net importer of food, a completely absurd fact, even as we export close to $180 billion in topsoil raping foods to Mexico Canada and even more insanely Red China.

Ag and Food Statistics: Charting the Essentials - Agricultural Trade | Economic Research Service

The leading U.S. agricultural exports are grains and feeds, soybeans, livestock products, tree nuts, fruits, vegetables, and other horticultural products. The leading U.S. imports are horticultural and tropical products. Canada, Mexico, the European Union, and East Asia are major U.S. trade...

www.ers.usda.gov

Remember this next time Big Ag jacks up domestic food prices, and remember it when you pump that ethanol polluted gas into your car.

 

[EdwinA]

It CAUSES a liquidity trap. It's inflation.

^^^This.

 

[Based Chad]

Claiming to 'defeating inflation' is just media hype in a desperate effort to hide or deflect what's really happening. Democrats are especially good and coming up with buzzwords and shifting meanings for words (since they only speak Liberal).

The debt the federal government owed is currently $37 trillion. There is no way to pay it. Just servicing this debt has become the 3rd largest budget item (more than the entire US military budget). That is NOT paying it down. It is only paying the interest on what the debt already is.

And the national debt is still climbing.

Currency and credit derivative swaps is now exceeding $718 trillion. This is money created out of thin air.

We are headed for a combination debt crash and currency crash. The federal government has no way out. It's only a matter of time.

can I interest you in some "too big to faill"?

 

[Based Chad]

The U.S. economy has a net export balance of -62 billion or so just in May alone. Drop that down to zero or even into positive territory, and with mass on-shoring we have a $90 trillion economy, and much larger tax base, large enough to decrease taxes on average. Stop creating credit bubbles, deport about 80 million or so who don't belong here and are just criminal nuisances, and we're more than fine, and the deficit borrowing stops and gets paid down in 10-20 years. Stop pandering to Wall Street and start pandering to real productivity and manufacturing re-repatriation. Follow Jefferson's advice on what he would do to his own Party he were alive today.


Every society has a right to fix the fundamental principles of its association, and to say to all individuals, that if they contemplate pursuits beyond the limits of these principles and involving dangers which the society chooses to avoid, they must go somewhere else for their exercise; that we want no citizens, and still less ephemeral and pseudo-citizens, on such terms. We may exclude them from our territory, as we do persons infected with disease.


Thomas Jefferson to William H. Crawford, 1816

The fixes are obvious and simple: Just favor real citizens over aliens, traitors, and angry burb brat deviants. The rest takes care of itself.

We are now a net importer of food, a completely absurd fact, even as we export close to $180 billion in topsoil raping foods to Mexico Canada and even more insanely Red China.

Ag and Food Statistics: Charting the Essentials - Agricultural Trade | Economic Research Service

The leading U.S. agricultural exports are grains and feeds, soybeans, livestock products, tree nuts, fruits, vegetables, and other horticultural products. The leading U.S. imports are horticultural and tropical products. Canada, Mexico, the European Union, and East Asia are major U.S. trade...

www.ers.usda.gov

Remember this next time Big Ag jacks up domestic food prices, and remember it when you pump that ethanol polluted gas into your car.

angry burb brat deviants is an all together different category.



and censoring thought is problematic.

other than that good post.

 

[Based Chad]

I love 'angry burb brat deviants' though, as a phrase.

 

[Based Chad]

It's not possible to print your way to prosperity.

That depends on who you ask.

 

[Based Chad]

The idiots still claim they' defeated inflation', which of course is utter rubbish; they merely slowed down the rate of inflation. If they had really'defeated inflation', prices would be at 1910 levels. lol

yeah.

the irony is they didn't defeat inflation, they defeated organic real growth.

smooth move.

 

[MAGA]

I predict that the S&P 500 will be well under 5,000 by September 30th, and I put my money where my mouth is. I have bought a bunch of SPY puts centering around a strike price of $500, all expiring on September 30th. If the S&P goes down to around 4,000, I will make quite a bit of money.

If the S&P 500 stays above 5,000, then you can laugh at me

At this point in time the trend says you are wrong:

 

[EdwinA]

and censoring thought is problematic.

Refusing to treat imbecile babbling by Democrats as serious thought isn't 'censorship'.

 

[Based Chad]

Refusing to treat imbecile babbling by Democrats as serious thought isn't 'censorship'.

you can mock it.

that is the preferable option.

suppression means you can't handle the argument.


its the brittle strategy of one unfit to rule.

 

[EdwinA]

suppression means you can't handle the argument.

Obviously the more they post the more they prove they're dumbass sociopaths. But, that rubbish has no place in schools or serious news journals; that isn't censorship, that's quality control.

 

[Based Chad]

Obviously the more they post the more they prove they're dumbass sociopaths. But, that rubbish has no place in schools or serious news journals; that isn't censorship, that's quality control.

its censorship.

sorry boomer.

you;re wrong on this one.

deal with the argument.

or else you can't.

quit being a racist psychotic on behalf of another nation.

there is no defending that.