Gregor on QE – Going nowhere for a long time

[sdduuuude]

At least, that’s how I interperet this.

I love gregor. One of the smartest bloggers out there. When he writes, I always pay attention.

http://gregor.us/policy/when-quantitative-easing-finally-fails/

[The-Shoveler]

If this guy is correct,

Look for thinks to get much worse fairly fast…
Most CA local gov’s and the state itself are currently design to run at 2005 cash flow or above..
They are bleeding and excessive amount of red ink and cannot maintain the drain much longer.

[EconProf]

Gregor is a good economics site because his points are well-documented and he has a good track record of being more right than the average economic forecaster. In general, the more pessimistic reseachers clearly have had the best crystal ball in recent years.
However, he has often touted peak oil theories and runaway energy costs in his forecasts, which I believe overstate the case for high future energy prices. One thing he underestimates, along with countless other economists, is the favorable impact of fracking in our energy future. He is also a bit contradictory by saying the world economy will stay in a funk and yet energy demand will continue to push up energy prices. Recessions and depressions dampen demand and thus prices.

[sdduuuude]

[quote=EconProf]He is also a bit contradictory by saying the world economy will stay in a funk and yet energy demand will continue to push up energy prices. Recessions and depressions dampen demand and thus prices.[/quote]

Sort of. I think the point is that upward pressure on energy prices makes it harder for prices to fall, which would help us come out of the recessionary period.

[CA renter]

That was excellent, sdduuuude. He nailed it, IMHO.

[scaredyclassic]

i think in the future i will have less energy.

when i think about it, most of my ideas on money were formed and frozen by pink floyd around 1979.

Money, get away
Get a good job with more pay
And your O.K.

Money, it’s a gas
Grab that cash with both hands
And make a stash

New car, caviar, four star daydream
Think I’ll buy me a football team

Money get back
I’m all right Jack
Keep your hands off my stack

Money, it’s a hit
Don’t give me that
Do goody good bullshit

I’m in the hi-fidelity
First class traveling set
And I think I need a Lear jet

(Sax and guitar solos)

Money, it’s a crime
Share it fairly
But don’t take a slice of my pie

Money, so they say
Is the root of all evil
Today

But if you ask for a rise
It’s no surprise that they’re
Giving none away
Away
Away
Away
Away…

“Hu Huh! I was in the right!”
“Yes, absolutely in the right!”
“I certainly was in the right!”
“You was definitely in the right. That geezer was cruising for a bruising!”
“Yeah!”
“Why does anyone do anything?”
“I don’t know, I was really drunk at the time!”
“I was just telling him, he couldn’t get into number 2. He was asking
Why he wasn’t coming up on freely, after I was yelling and
Screaming and telling him why he wasn’t coming up on freely.
It came as a heavy blow, but we sorted the matter out”

[Author]

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