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Albert Edwards On Terminal Competitive Devaluation, The Nuclear Option, And How The Fed's Policies May Start An All Out War

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This is very interesting stuff.

But I think you need to edit your post to explain what is Tyler posting on ZH and what is AE or another.

Edited due to complete confusion as to who said what. Is TD AE? :unsure:

Edited by Timm

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They are not preserving Keynesianism, no govt has ever followed what Keynes said, he advocated saving in the boom and spending during the bust.

The emphasis was never on perpetual deficit spending.

Plus, there is deficit spending and deficit spending.

Trying to pump prime the economy by pushing money through the banks will just leave lots of rich bankers and asset bubbles. Likewise, pushing money through benefits is likely to lead to a one time jump in retail sales. The best way would be through infrastructure projects, strictly employing residents and leaving behind things that will be useful in the long term - roads, new railways, bridges, power plants, etc. It just seems impossible to do nowadays..

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Plus, there is deficit spending and deficit spending.

Trying to pump prime the economy by pushing money through the banks will just leave lots of rich bankers and asset bubbles. Likewise, pushing money through benefits is likely to lead to a one time jump in retail sales. The best way would be through infrastructure projects, strictly employing residents and leaving behind things that will be useful in the long term - roads, new railways, bridges, power plants, etc. It just seems impossible to do nowadays..

I agree, well, it's obvious, isn't it? Isn't that what Roosevelt's New Deal was all about? Sentiment is the key, people have to believe they are being treated fairly, and right now that simply isn't the case.

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Plus, there is deficit spending and deficit spending.

Trying to pump prime the economy by pushing money through the banks will just leave lots of rich bankers and asset bubbles. Likewise, pushing money through benefits is likely to lead to a one time jump in retail sales. The best way would be through infrastructure projects, strictly employing residents and leaving behind things that will be useful in the long term - roads, new railways, bridges, power plants, etc. It just seems impossible to do nowadays..

Exactly you cant print wealth you can only attempt to enable its creation.

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Trying to pump prime the economy by pushing money through the banks will just leave lots of rich bankers and asset bubbles. Likewise, pushing money through benefits is likely to lead to a one time jump in retail sales. The best way would be through infrastructure projects, strictly employing residents and leaving behind things that will be useful in the long term - roads, new railways, bridges, power plants, etc. It just seems impossible to do nowadays..

Weird, isn't it? I mean it's not exactly rocket science...

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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