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Author Topic:   Testing The Financial Apologists
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


(1)
Message 15 of 582 (888790)
10-05-2021 4:02 PM
Reply to: Message 12 by Phat
10-05-2021 2:31 PM


Re: First Article: Barrons
quote:
QE refers to Quantatative Easing, which is a euphimism for monetizing the debt. Barrons explains what the Fed does and why it is risky.
More importantly Quantitative Easing is an alternative to reducing interest rates when there’s no room to cut them.
In your last post you assert that the trouble is that there’s no room to increase interest rates.
These are contradictory. The Fed can’t desperately need to reduce interest rates AND increase them.
You wanted to know why Percy says that you are delusional! There’s a reason right there.
It looks to me as if you have your doom scenario in mind and “see” it everywhere - even in sources that contradict it. That sounds pretty delusional to me.

This message is a reply to:
 Message 12 by Phat, posted 10-05-2021 2:31 PM Phat has seen this message but not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


Message 26 of 582 (888818)
10-08-2021 1:45 PM
Reply to: Message 25 by Phat
10-08-2021 1:29 PM


Re: Nomi Prins
Phat, I hope you realise that there is a distinction between your claims to have listened to qualified people and those people supporting your assertions.
So far we’ve seen that they typically disagree.
And that’s the problem.

This message is a reply to:
 Message 25 by Phat, posted 10-08-2021 1:29 PM Phat has replied

Replies to this message:
 Message 27 by Phat, posted 10-08-2021 1:48 PM PaulK has replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


Message 28 of 582 (888820)
10-08-2021 2:04 PM
Reply to: Message 27 by Phat
10-08-2021 1:48 PM


Re: Nomi Prins
In my case I see you claim that gold should be rapidly increasing in price, you say it isn’t because the banks are holding the prices down - but the respectable sources you cite suggest that the banks are keeping the price rising.
So it looks to me very much as if the idea that the price of gold should be steeply rising is “snake oil” you’ve been sold, and that the bank’s involvement is just an excuse for why it hasn’t happened. You certainly did not get it from the sources you cited.

This message is a reply to:
 Message 27 by Phat, posted 10-08-2021 1:48 PM Phat has seen this message but not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


Message 186 of 582 (909179)
03-29-2023 1:44 AM
Reply to: Message 181 by Phat
03-28-2023 7:57 PM


Re: The Debt: 3 Months Later
quote:
The current rate of inflation is higher than the expected values of maturing bonds.

There is no way to stop inflation in todays world. It will slowly chew all of our incomes up.
Indeed, after a long period of low inflation the after-effects of COVID plus the effects of the Russian invasion of Ukraine have seen a rise.
But obviously there are ways to keep inflation down. That’s why we’ve had low inflation for the last few decades. Remember the ‘70s? The current inflation rate in the US is not bad by that standard.

This message is a reply to:
 Message 181 by Phat, posted 03-28-2023 7:57 PM Phat has seen this message but not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


(1)
Message 200 of 582 (909410)
04-03-2023 11:47 AM
Reply to: Message 198 by Phat
04-03-2023 11:20 AM


Re: The Debt: 3 Months Later
quote:
The #2 person at the Federal Reserve is a Modern Monetary Theorist, which, as you all know, I disagree with (that philosophy)
Really? Who do you think is #2 at the Federal Reserve and what evidence is there that they follow Modern Monetary Theory?

This message is a reply to:
 Message 198 by Phat, posted 04-03-2023 11:20 AM Phat has seen this message but not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


(1)
Message 215 of 582 (909642)
04-07-2023 12:03 PM
Reply to: Message 214 by Phat
04-07-2023 11:29 AM


Re: A Damselfly In Distress
Perhaps you’d like to answer Message 200 to show that you’re not completely clueless?

This message is a reply to:
 Message 214 by Phat, posted 04-07-2023 11:29 AM Phat has not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


Message 275 of 582 (910684)
05-05-2023 5:40 AM
Reply to: Message 274 by Phat
05-05-2023 5:05 AM


Re: U.S. Debt Ceiling
quote:
Krugman is a modern monetary theorist, which is not the final word.
No, he isn’t. Really, why do you try to post this label on people when you have no idea of their views?

This message is a reply to:
 Message 274 by Phat, posted 05-05-2023 5:05 AM Phat has seen this message but not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


Message 476 of 582 (918336)
04-26-2024 8:59 AM
Reply to: Message 471 by Phat
04-25-2024 3:34 PM


Re: The Philosophy Behind The Topic
quote:
Did you know that the next likely chairman of the Fed will be a Modern Monetary Theorist?
Does this have any more basis than your previous claim that the second in charge at the Fed was a Modern Monetary Theorist? Or is it just more silly scaremongering.

This message is a reply to:
 Message 471 by Phat, posted 04-25-2024 3:34 PM Phat has not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 3.8


Message 546 of 582 (918537)
05-07-2024 4:31 PM
Reply to: Message 543 by Theodoric
05-07-2024 2:49 PM


Re: houstonpost.org is not a real news site.
And the person who registered the site apparently lives in Iceland. Not exactly local to Houston.

This message is a reply to:
 Message 543 by Theodoric, posted 05-07-2024 2:49 PM Theodoric has not replied

  
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