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can someone explain why QE is pushing up commodities but not causing general inflation? It seems initially it might not cause general inflation but by this time you'd think it would have??
Slowing Velocity of Money & Low Lending (Money Multiplying) is masking the currency printing.
Japan has launched an eighth round of quantitative easing to weaken the yen and cushion a slide back into recession. The Bank of Japan (BoJ) is to buy a further 10 trillion yen (£79bn) of bonds, bringing the total accumulated so far in its battle against deflation to 80 trillion yen, or 20pc of Japanese GDP.
The Federal Reserve Bank of New York just found that municipal bond defaults are in fact much greater than rating agencies have reported. For example, Standard & Poor’s reported 47 defaults between 1986 and 2011, but according to the New York Fed, there were in fact 2,366. After a two-year study, the Securities and Exchange Commission released a report at the end of July that properly emphasized the need for improved disclosure of municipalities’ finances and pricing transparency.
can someone explain why QE is pushing up commodities but not causing general inflation? It seems initially it might not cause general inflation but by this time you'd think it would have??
Slowing Velocity of Money & Low Lending (Money Multiplying) is masking the currency printing.
Write. Plus, that money has to go somewhere, and it has bled into the commodities markets. Same as the 00s when we didn't get CPI but got a housing bubble. The excess cash went into mortgages and housing. That's why modern general equilibrium economics is a heap of epic fail.
can someone explain why QE is pushing up commodities but not causing general inflation? It seems initially it might not cause general inflation but by this time you'd think it would have??
Slowing Velocity of Money & Low Lending (Money Multiplying) is masking the currency printing.
Write. Plus, that money has to go somewhere, and it has bled into the commodities markets. Same as the 00s when we didn't get CPI but got a housing bubble. The excess cash went into mortgages and housing. That's why modern general equilibrium economics is a heap of epic fail.
I know that in the past when we had a gold standard, the idea that somehow it was detached from or free from any interference by Congress was simply wrong because even with the gold standard someone has to decide what is the conversion rate between the gold and the dollar...
And Congress can inflate the dollar simply by changing the exchange rate, as was done in the past. So I don't think there's any, if you will, magic bullet substitute for economic restraint, for not spending more money than you take in, for having the nation that's the most productive in the entire world. That's how you get wealth for the middle class is making America a more productive nation with high savings rates and a government that only spends what it takes in...
I'd like to appoint my own person. If I became president of the United States, I'd like to have a Fed chairman that shares my views and that I have confidence in. And there are things that, obviously, in the past, I think the Fed has made a number of mistakes. I don't know that you're going to avoid making mistakes, but I'd like to have someone new in that position.
That's funny! He knows that The Fed Reserve System sends him names that they want and that he'll have no say in the whole process.Romney Says No To Gold In Monetary Policies
If I became president of the United States, I'd like to have a Fed chairman that shares my views and that I have confidence in. And there are things that, obviously, in the past, I think the Fed has made a number of mistakes. I don't know that you're going to avoid making mistakes, but I'd like to have someone new in that position.
The Gov't is set up like the Mafia with the Banking "Godfathers" on top issuing orders and appointing people.
Dick Cheney said to Treasury Secretary Paul O'Neill: "You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due."
Japan has also proven that deficits don't matter.
Cheney Was Right About One Thing: Deficits Don't Matter
Investors today are going big time on the US dollar over gold on fears of Europe again. Bro in law said his orders just now after the close for Monday are top heavy on US dollar.
Get ready for the gold nose dive.
I'm watching it.....
holy shit, I am a liberal?
I gotta ask my wife about this
this guy says you are.
