An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, May 29, 2010
What's wrong with the economy? Nothing that the right policy can't fix!
If Europe tries to be like China, then we will see Europe purposefully devale the EURO.
Japan did it in 90's and their rich aristocracy parked all their wealth abroad so it would not devalue along with it.
So watch out for big EUROs taking flight outside Europe ... this could be a good clue to see how their EURO will come down ... good enough for a short EURO ETF ?
While there are some others saying we need more stimulus and shouldn't worry about US insolvency, you have spoken the clearist and boldest. I particulary like how you actually explained why we needn't worry about such threats, unlike any others I've seen. This is just the message we need to get out there.
Great performance. The solid message, rhetorical gift and dashing looks engaged the aloof anchor at RTV. I wish they would air you to talk policy with Geithner or one of the fed hawks like Bullard or Fisher. Great economics and politics that would make.
Could it be that the US had great prosperity after WWII because the industrial nations had little or no capacity to produce anything? We sold to the world and we had the lion's share of every major market.... not so today. And their physical and human capital is not destroyed either today.
Yes, we see prices falling because people are still deleveraging and the demand for goods that were brought forward with easy credit now has no home. Even cheap rates can’t make people buy.
As TB says above 'rhetorical gift'..knocked it out of the park Mike.
The RTV host said at the end:
"You know,.. its nice to have such a positive person on to talk about the economy, its a little bit a breath of fresh air..." I cant agree with her any more with that!
This is opposed to the debt doomsday people who just suck the air out of a room with their depraved and delusional misery.
If Europe tries to be like China, then we will see Europe purposefully devale the EURO.
ReplyDeleteJapan did it in 90's and their rich aristocracy parked all their wealth abroad so it would not devalue along with it.
So watch out for big EUROs taking flight outside Europe ... this could be a good clue to see how their EURO will come down ... good enough for a short EURO ETF ?
Great job Mr Norman.
Fantastic!
ReplyDeleteWhat an excellent interview.
ReplyDeleteWhile there are some others saying we need more stimulus and shouldn't worry about US insolvency, you have spoken the clearist and boldest. I particulary like how you actually explained why we needn't worry about such threats, unlike any others I've seen. This is just the message we need to get out there.
Great performance. The solid message, rhetorical gift and dashing looks engaged the aloof anchor at RTV. I wish they would air you to talk policy with Geithner or one of the fed hawks like Bullard or Fisher. Great economics and politics that would make.
ReplyDeleteCould it be that the US had great prosperity after WWII because the industrial nations had little or no capacity to produce anything? We sold to the world and we had the lion's share of every major market.... not so today. And their physical and human capital is not destroyed either today.
ReplyDeleteYes, we see prices falling because people are still deleveraging and the demand for goods that were brought forward with easy credit now has no home. Even cheap rates can’t make people buy.
I wish they would air you to talk policy with Geithner or one of the fed hawks like Bullard or Fisher. Great economics and politics that would make.
ReplyDeleteIf only I was genie!
As TB says above 'rhetorical gift'..knocked it out of the park Mike.
ReplyDeleteThe RTV host said at the end:
"You know,.. its nice to have such a positive person on to talk about the economy, its a little bit a breath of fresh air..." I cant agree with her any more with that!
This is opposed to the debt doomsday people who just suck the air out of a room with their depraved and delusional misery.
great TV Mike!