Comments on: Residue of the Great Recession http://blogs.reuters.com/great-debate-uk/2009/12/23/residue-of-the-great-recession/ Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: steve b http://blogs.reuters.com/great-debate-uk/2009/12/23/residue-of-the-great-recession/comment-page-1/#comment-9115 Sat, 26 Dec 2009 13:21:38 +0000 http://blogs.reuters.com/great-debate-uk/?p=5030#comment-9115 Drummond: You think this Recession is over? And it’s taught us the harm of regulatory neglect? How about the Clinton banking regulation of July 1, 1995 that required banks and S&Ls to give 20% of their loans to the lowest 20% income people in their area? How do you ‘regulate’ that regulation? It led to millions of risky loans to buy homes with no downpayments. It started an incredible real estate bubble in the U.S., which led to the toxic loan packages being bundled up and sold, to avoid being the last to hold the junk.

And recession over? Do you really think that a 1% increase in GDP, caused by MASSIVE govt overspending/borrowing from future taxpayers, means that the private sector is out of the recession? I think you need to check your math, as most economists should, to figure out how the private sector GDP is actually performing. It is SERIOUSLY troubled, and massive govt spending will only make the situation worse when the govts can no longer afford to issue debt and/or print more money to sustain the illusion of a healthy GDP number. Our leaders are Keynesians at the absolute WORST time to be Keynesians……..when taxes and the “govt sector” are already WAY too large.

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By: Eden and Apple http://blogs.reuters.com/great-debate-uk/2009/12/23/residue-of-the-great-recession/comment-page-1/#comment-9090 Wed, 23 Dec 2009 21:28:30 +0000 http://blogs.reuters.com/great-debate-uk/?p=5030#comment-9090 Yes Yes but like many you are still trapped within the current known parameters of perceived economic reality and Values both real and linguistically. The facts are that money is ONLY a tool . Hence you currently have only a choice of two as a perceived balancing act “”””Too fast and they will kill the nascent recovery. Too slow and they will risk inflation.””””” choice of two is always Childish and not adult. Economics is an infant in nappies and has not grown up. VALUE and value systems are the problem and the childish notion that the market will know what Value is, is itself nonsense. Fair enough pre the telegraph or Rothchild pigeon to have an automated invisable hand of slavery, but as Freidman said what about Quitting the Tyrany of the status Quo ( here we go-o rocking all over the world ) Or as Gailbraith put it Gailbraithian forest. And why should some countries miss out of the Lolly scramble that was cemented in place 350 years ago out of bad luck as to their non legal existence at that time. You ignore Samulson and some matters about definitions of Weath. THE SAD fact is that the Planet has Two approximate choices. BAN the Robot tractor and hence have meaningless employment work for all. Or keep the ROBOTS and Robot tractor and Pay ALL humans NOT TO WORK. The current Set of supposedly self balancing economic equations are predicated on supposed cost of Labour and capital of one nation locked in a Relativity set against others. With new architecture and horizontal floors added to shore it up to those lucky enough to have access to authorised new structural derivatives entities and vehicles that with insuring and reinsuring the placement of risk and hedging plus some arbitrage can turn perception of a liability into a Pacioli asset of endless sampling between the left and the far right and supposable search for VALUE in between the choice of TWO. Which witch whitch To achieve escape velocity from your concern of inflation and to render inflation irrelevant can be achieved by updating economics to be relevant in the post telephone and Post industrial Pudding age to Quote chuckle Reginald Perrin. Perhaps a cathartic apology by England to the planet for failing to know what to do with MR Stevens work machine and unnecessary unemployment and LACK of work for man that ensued and a Further apology for not apologising earlier would be helpful. What’s required is to insert a Coefficient into the economic equation Pond that will nullify inflation into irrelevancy. And point the finger of blame at the Two groups responsible for engineering and building a World in direct opposition to the Father of economics ARISTOTLE himself and his bucket of Water. AND Malthus who told us not to marginalise the utility of said Aristotelian WATER and resources generally. THE coefficient I refer to is that of HUMAN Rights. And chuckle as a matter of preference I prefer to pass my own Water.

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