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Posts posted by lowrentyieldmakessense(honest!)

  1. I was referring actually to cheap american horror flicks.

    Boredom necessitated frequent trips to the cinema bar. Obviously as inebriation set it - the odds of snagging a vital body part in the swinging doors was greatly increased.

    you should have put it away on your trip to the bar

  2. Gill claims to have invented this system yet here is the same info - same story

    http://www.midasrobot.co.uk/midas.html -

    same info - and they are all ex chartered accountants

    Duane, a self-confessed geek who has not only been programming computers since the age of eleven but also happens to be a qualified computer engineer. And as if that wasn't gruelling enough, he's completed the Ironman Triathlon...TWICE!


    Im booked on


    (no link yet.)

    Meanwhile still up at Bloomberg:

    Payrolls Report
    Today’s Labor Department report is forecast to show non- farm payrolls fell by 65,000 in July, reflecting a drop in federal census workers, according to the median estimate of economists surveyed by Bloomberg News.

    we need a bigger stimulus

  4. http://finance.yahoo.com/banking-budgeting/article/110234/defending-yourself-against-deflation;_ylt=Anf7.WtCZJkw6O1P4WC.jJm7YWsA;_ylu=X3oDMTE1am1tbjl0BHBvcwM3BHNlYwN0b3BTdG9yaWVzBHNsawN0aGVjdXJyZW50ZHI-?sec=topStories&pos=5&asset=&ccode=

    Defending Yourself Against Deflation
    by James "Jimmy" Stewart
    Wednesday, August 4, 2010
    The dreaded "D" word is back in circulation, and I don't mean "depression." Having skirted that potential calamity, the worry for policy makers and investors now is deflation.
    On the face of it, deflation -- falling prices -- doesn't seem like it would be so bad. Who wouldn't welcome discounts that just keep getting better, like those sales at Filene's Basement where prices got lower the longer merchandise stayed on the racks?
    Of course, who knows what it really feels like, since most of us have never experienced prolonged deflation in our lifetime..../
    But the truth is, I don't know. I don't think anyone does. On Sunday, The Wall Street Journal reported that some major investors, including
    Pimco's Bill Gross, are taking the risk of deflation seriously and adjusting their portfolios accordingly.
    Like many investors, Mr. Gross and his colleagues were focused on the rising risks of inflation just three months ago. They have spent their entire careers studying these issues, and I have a healthy respect for their opinions.
    Recent price data support them. The headline consumer-price index slipped 0.1% in June after falling 0.2% in May.

    Inflation is like toothpaste, hard to get back in the tube once you have squeezed it out.

    Deflation, on the other hand is like super glue in a tube with a whole in it. Nothing can stop it shrinking.

    mr gross trying to offload some dodgy bonds methinks

  5. I have probably missed something. If the fed buys 10 year bonds. Say $100 worth.

    Let's say there is a fractional reserve requirement of 10%, that creates $1000 dollars of cash in the economy.

    the Money supply rises and so do prices.

    higher inflation will make longer term bonds less attractive, which would mean as soon as the Fed stops buying bonds the price will fall significantly.

    What am I missing here? - thanks

    i think Antals point is

    if someone was receiving 5% on their 100k and the fed artificially is able to reduce rates to 1% then that person is now receiving 1k on their capital as opposed to 5k and from a cash flow perspective their capital is worth less as it is generating a lower return thereby the FED are destroying capital by lowering interest rates

  6. what would competing currencies look like - at your local would there be the price of a pint in 15 currencies?

    who knows

    it could happen - unlikely though - three or four would be my guess but these would/could change - if someone starts hoarding all the copper then it would cease to be used as a currency

    there may even be some digital credits if enough people trusted them

  7. No, because we know what human nature is, and people will get away without paying for whatever they can get their grubby mitts on.

    The BBC is a bit like the NHS, we all contribute for the greater good, even if we don't use it as much as others.

    who says its the greater good

    more examples of a brainwashed population please

  8. if that is the case how can anyone expect to control prices by focussing on the amount of a small fraction of this total stock of bits of paper (base money/credit) when people are busy imbuing a vast pool of other bits of paper with similar confidence attributes?

    Can you regulate against confidence?

    you cant

    doesnt stop a lot of people trying though, or give the impression that they are trying to control prices

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