GON Economics lessons are a joke

Thread starter #1
How many of you thought the central banks around the world actions against the great down turn would cause hyper inflation and global economic melt down?

Never happened the rules of Economics has changed you old folks were wrong. Today the central banks make their own rules and win.
 
:rofl::rofl::rofl::rofl::rofl::rofl:
 
Rules of economics are close to the rule of gravity when it comes to variability.
 
Somebody doesn't know the difference between inevitable and imminent.
Laymen ignorant of the theory and facts watching too much unreality TV. They are the most dangerous of all. ;):rolleyes:facepalm:
 
The Crash Of 1929: "Can It Happen Again?"

Are we in a time loop?

The crash of 1929 marked the end of a long stock market boom fed by several years of easy credit. Because inflation was low for most of the 1920’s, Fed did not bother to curb the speculation by rising rates and when it did, the rise was too little too late. The signals for an upcoming recession broke the highly over-valued stock market in 1929. Actually, for example the dividends grew even in the last quarter of 1929 but the faith for the future of the market was broken and the investors panicked.

Currently, we are in a situation where, according to several metrics, the stock market is the most over-valued in the history of the NYSE. The central banks, with their orthodox and unorthodox monetary policies, have fed the asset market mania for nine years now but, currently, they are in a tightening cycle. Moreover, the global economy is in a risk of a dramatic slowdown.

This indicates that the main components of the crash of 1929: an over-valued stock market, a central bank tightening cycle (higher interest rates) and a slowing economy are almost all present in the US. We will thus soon know how well the history rhymes.
You'll have to go to zerohedge to read the article. We can't post zerohedge links here because of the comments section.
 
Thread starter #8
You'll have to go to zerohedge to read the article. We can't post zerohedge links here because of the comments section.
What you quaoted is based on old school Macro Economics.. The central banks make the rules now, and the people who are in control of billions of dollars follow suit. As much money that was pumped into the economy by the central banks during the Great Recession should have caused hyper inflation based on old school economic theories. Things have changed central banks now make the rules because those in control with the majority of the world's wealth follow suit.
 
Thread starter #9
Ha. Yea, we’re re just fine. :rofl::rofl::rofl:
Easy to join and mock like your part of the Kool kid table. I never read a post from you that even remotely had an independent thought or idea. You just chime in and rehash what other Kool kids say. There is nothing wrong with be a follower some people don't have the ability to think for themselves.
 
Easy to join and mock like your part of the Kool kid table. I never read a post from you that even remotely had an independent thought or idea. You just chime in and rehash what other Kool kids say. There is nothing wrong with be a follower some people don't have the ability to think for themselves.
And where did you get this idea you are pushing ... Rothchild's paranoia site? :rofl:
 
Thread starter #11
And where did you get this idea you are pushing ... Rothchild's paranoia site? :rofl:
Based upon the principals of Macro Economics I learned in college compared to real world events. The central banks of the industrialized world have the ability to manipulate, along with the influence of the wealth holders of the world to bring calm in an economic down turn. Which makes the basic principles of economics obsolete.
 

PopPop

Senior Member
Based upon the principals of Macro Economics I learned in college compared to real world events. The central banks of the industrialized world have the ability to manipulate, along with the influence of the wealth holders of the world to bring calm in an economic down turn. Which makes the basic principles of economics obsolete.
The difference between the modern economy and that of the Great Depression era is that the balloon is just bigger, a lot bigger. The pop will be bigger as well.
 
Thread starter #13
Warren buffet can buy stocks and go on cnbc and announce what he is invested in, then the stock will jump in price. He sells and increases his net worth.
 
Based upon the principals of Macro Economics I learned in college compared to real world events. The central banks of the industrialized world have the ability to manipulate, along with the influence of the wealth holders of the world to bring calm in an economic down turn. Which makes the basic principles of economics obsolete.
You should have saved the college tuition and checked out a copy of Economics in One Lesson by Henry Hazlitt from your local library. Would have provided you a better education than the one you received.
 
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