Inflation – Has it arrived?

[briansd1]

[quote=CA renter]
***NOBODY*** COULD HAVE SEEN IT COMING!!!!

[/quote]

What difference does it make now?

Mistakes were made and the financial crisis occured. The first order of priority was to get economic growth going again.

In late 2008, there was an opportunity for heads to roll and for punishing those who created the crisis. But we are past that already.

I’ve moved past the retribution stage.

The truth is that government actions worked in averting a depression. We have returned to a semblance of normality.

There is no way policy makers will allow deflation. That, you can count on.

[Arraya]

There is no way policy makers will allow deflation. That, you can count on.

Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. All the printing and propaganda in the world can not cover up that fact that economic growth is over in the west the foreseeable future. Sure, it may display a few “growth” like features for months at a time, but it is over. The only thing that keeps the economy from imploding is mass delusion and dreams of growth. Beyond the psychological component is the hard structural mechanics of the system and it’s those mechanics that are hopelessly broken. When we take that collective psychological shift it will start again and restoring confidence will be that much harder than last time. Policy makers can’t do a thing when the herd turns on a dime.

Some wisdom from Charles Hugh Smith:

The Titanic offers us a timeless analogy for denial and a frantic, too-late acceptance of grim reality. Had the doomed ship’s leadership actively accepted the challenge to save as many lives as possible, then lifeboats would not have been sent off half-full. The sea was calm; boats could have been safely loaded beyond their designed capacity, and crude life-rafts might have been lashed together. As poor a solution as a lashed-together assemblage of buoyant materials would have been welcomed as a better alternative than certain death.

But instead, the “plan” was to maintain a veneer of normalcy: the band played on, even as the bow sank lower into the unforgiving icy water.

Fed chairman Bernanke, Treasury Secretary Geitner, President Obama and Congress are all ordering the band to play spritely tunes of rising holiday spending, endless borrowing, and the carefully crafted propaganda of Fed manipulation, statistical legerdemain and happy-talk about how the Monster will be gone when we open our eyes.

Since we are feeding the Monster with our very denial and derangements, then that is impossible . The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

[Arraya]

There is no way policy makers will allow deflation. That, you can count on.

Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. All the printing and propaganda in the world can not cover up that fact that economic growth is over in the west the foreseeable future. Sure, it may display a few “growth” like features for months at a time, but it is over. The only thing that keeps the economy from imploding is mass delusion and dreams of growth. Beyond the psychological component is the hard structural mechanics of the system and it’s those mechanics that are hopelessly broken. When we take that collective psychological shift it will start again and restoring confidence will be that much harder than last time. Policy makers can’t do a thing when the herd turns on a dime.

Some wisdom from Charles Hugh Smith:

The Titanic offers us a timeless analogy for denial and a frantic, too-late acceptance of grim reality. Had the doomed ship’s leadership actively accepted the challenge to save as many lives as possible, then lifeboats would not have been sent off half-full. The sea was calm; boats could have been safely loaded beyond their designed capacity, and crude life-rafts might have been lashed together. As poor a solution as a lashed-together assemblage of buoyant materials would have been welcomed as a better alternative than certain death.

But instead, the “plan” was to maintain a veneer of normalcy: the band played on, even as the bow sank lower into the unforgiving icy water.

Fed chairman Bernanke, Treasury Secretary Geitner, President Obama and Congress are all ordering the band to play spritely tunes of rising holiday spending, endless borrowing, and the carefully crafted propaganda of Fed manipulation, statistical legerdemain and happy-talk about how the Monster will be gone when we open our eyes.

Since we are feeding the Monster with our very denial and derangements, then that is impossible . The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

[Arraya]

There is no way policy makers will allow deflation. That, you can count on.

Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. All the printing and propaganda in the world can not cover up that fact that economic growth is over in the west the foreseeable future. Sure, it may display a few “growth” like features for months at a time, but it is over. The only thing that keeps the economy from imploding is mass delusion and dreams of growth. Beyond the psychological component is the hard structural mechanics of the system and it’s those mechanics that are hopelessly broken. When we take that collective psychological shift it will start again and restoring confidence will be that much harder than last time. Policy makers can’t do a thing when the herd turns on a dime.

Some wisdom from Charles Hugh Smith:

The Titanic offers us a timeless analogy for denial and a frantic, too-late acceptance of grim reality. Had the doomed ship’s leadership actively accepted the challenge to save as many lives as possible, then lifeboats would not have been sent off half-full. The sea was calm; boats could have been safely loaded beyond their designed capacity, and crude life-rafts might have been lashed together. As poor a solution as a lashed-together assemblage of buoyant materials would have been welcomed as a better alternative than certain death.

But instead, the “plan” was to maintain a veneer of normalcy: the band played on, even as the bow sank lower into the unforgiving icy water.

Fed chairman Bernanke, Treasury Secretary Geitner, President Obama and Congress are all ordering the band to play spritely tunes of rising holiday spending, endless borrowing, and the carefully crafted propaganda of Fed manipulation, statistical legerdemain and happy-talk about how the Monster will be gone when we open our eyes.

Since we are feeding the Monster with our very denial and derangements, then that is impossible . The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

[Arraya]

There is no way policy makers will allow deflation. That, you can count on.

Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. All the printing and propaganda in the world can not cover up that fact that economic growth is over in the west the foreseeable future. Sure, it may display a few “growth” like features for months at a time, but it is over. The only thing that keeps the economy from imploding is mass delusion and dreams of growth. Beyond the psychological component is the hard structural mechanics of the system and it’s those mechanics that are hopelessly broken. When we take that collective psychological shift it will start again and restoring confidence will be that much harder than last time. Policy makers can’t do a thing when the herd turns on a dime.

Some wisdom from Charles Hugh Smith:

The Titanic offers us a timeless analogy for denial and a frantic, too-late acceptance of grim reality. Had the doomed ship’s leadership actively accepted the challenge to save as many lives as possible, then lifeboats would not have been sent off half-full. The sea was calm; boats could have been safely loaded beyond their designed capacity, and crude life-rafts might have been lashed together. As poor a solution as a lashed-together assemblage of buoyant materials would have been welcomed as a better alternative than certain death.

But instead, the “plan” was to maintain a veneer of normalcy: the band played on, even as the bow sank lower into the unforgiving icy water.

Fed chairman Bernanke, Treasury Secretary Geitner, President Obama and Congress are all ordering the band to play spritely tunes of rising holiday spending, endless borrowing, and the carefully crafted propaganda of Fed manipulation, statistical legerdemain and happy-talk about how the Monster will be gone when we open our eyes.

Since we are feeding the Monster with our very denial and derangements, then that is impossible . The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

[Arraya]

There is no way policy makers will allow deflation. That, you can count on.

Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. All the printing and propaganda in the world can not cover up that fact that economic growth is over in the west the foreseeable future. Sure, it may display a few “growth” like features for months at a time, but it is over. The only thing that keeps the economy from imploding is mass delusion and dreams of growth. Beyond the psychological component is the hard structural mechanics of the system and it’s those mechanics that are hopelessly broken. When we take that collective psychological shift it will start again and restoring confidence will be that much harder than last time. Policy makers can’t do a thing when the herd turns on a dime.

Some wisdom from Charles Hugh Smith:

The Titanic offers us a timeless analogy for denial and a frantic, too-late acceptance of grim reality. Had the doomed ship’s leadership actively accepted the challenge to save as many lives as possible, then lifeboats would not have been sent off half-full. The sea was calm; boats could have been safely loaded beyond their designed capacity, and crude life-rafts might have been lashed together. As poor a solution as a lashed-together assemblage of buoyant materials would have been welcomed as a better alternative than certain death.

But instead, the “plan” was to maintain a veneer of normalcy: the band played on, even as the bow sank lower into the unforgiving icy water.

Fed chairman Bernanke, Treasury Secretary Geitner, President Obama and Congress are all ordering the band to play spritely tunes of rising holiday spending, endless borrowing, and the carefully crafted propaganda of Fed manipulation, statistical legerdemain and happy-talk about how the Monster will be gone when we open our eyes.

Since we are feeding the Monster with our very denial and derangements, then that is impossible . The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

[briansd1]

[quote=Arraya]
Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. [/quote]

We shall see.

At worse, we will have a stagnant economy like Japan. And that’s not the end of the world.

But, IMO, we will grow better than Japan because we have a younger population and immigration absorption.

So collectively, we have plenty of consumption demand left to spur economic growth.

Time will tell…

. The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

About the meaningful change that you want…

Japan has plugged along with stagnation for more than a decade. Has anything changed?

Nationalistic forces have made things worse and structural reform is even less likely. They have experienced slow deflation and a slow erosion of standard of living with no reform to show for.

In the mean time, large corporations like Toyota have adapted by exporting productive capacity to China and other markets. Toyota is now a global corporation rather than a Japanese company.

[briansd1]

[quote=Arraya]
Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. [/quote]

We shall see.

At worse, we will have a stagnant economy like Japan. And that’s not the end of the world.

But, IMO, we will grow better than Japan because we have a younger population and immigration absorption.

So collectively, we have plenty of consumption demand left to spur economic growth.

Time will tell…

. The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

About the meaningful change that you want…

Japan has plugged along with stagnation for more than a decade. Has anything changed?

Nationalistic forces have made things worse and structural reform is even less likely. They have experienced slow deflation and a slow erosion of standard of living with no reform to show for.

In the mean time, large corporations like Toyota have adapted by exporting productive capacity to China and other markets. Toyota is now a global corporation rather than a Japanese company.

[briansd1]

[quote=Arraya]
Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. [/quote]

We shall see.

At worse, we will have a stagnant economy like Japan. And that’s not the end of the world.

But, IMO, we will grow better than Japan because we have a younger population and immigration absorption.

So collectively, we have plenty of consumption demand left to spur economic growth.

Time will tell…

. The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

About the meaningful change that you want…

Japan has plugged along with stagnation for more than a decade. Has anything changed?

Nationalistic forces have made things worse and structural reform is even less likely. They have experienced slow deflation and a slow erosion of standard of living with no reform to show for.

In the mean time, large corporations like Toyota have adapted by exporting productive capacity to China and other markets. Toyota is now a global corporation rather than a Japanese company.

[briansd1]

[quote=Arraya]
Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. [/quote]

We shall see.

At worse, we will have a stagnant economy like Japan. And that’s not the end of the world.

But, IMO, we will grow better than Japan because we have a younger population and immigration absorption.

So collectively, we have plenty of consumption demand left to spur economic growth.

Time will tell…

. The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

About the meaningful change that you want…

Japan has plugged along with stagnation for more than a decade. Has anything changed?

Nationalistic forces have made things worse and structural reform is even less likely. They have experienced slow deflation and a slow erosion of standard of living with no reform to show for.

In the mean time, large corporations like Toyota have adapted by exporting productive capacity to China and other markets. Toyota is now a global corporation rather than a Japanese company.

[briansd1]

[quote=Arraya]
Why do you assume policy makers can control behavior so well and or ‘growth” for that matter. Collective behavior will cause deflation. [/quote]

We shall see.

At worse, we will have a stagnant economy like Japan. And that’s not the end of the world.

But, IMO, we will grow better than Japan because we have a younger population and immigration absorption.

So collectively, we have plenty of consumption demand left to spur economic growth.

Time will tell…

. The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

We can’t escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open

About the meaningful change that you want…

Japan has plugged along with stagnation for more than a decade. Has anything changed?

Nationalistic forces have made things worse and structural reform is even less likely. They have experienced slow deflation and a slow erosion of standard of living with no reform to show for.

In the mean time, large corporations like Toyota have adapted by exporting productive capacity to China and other markets. Toyota is now a global corporation rather than a Japanese company.

[CA renter]

[quote=briansd1][quote=CA renter]
***NOBODY*** COULD HAVE SEEN IT COMING!!!!

[/quote]

What difference does it make now?

Mistakes were made and the financial crisis occured. The first order of priority was to get economic growth going again.

In late 2008, there was an opportunity for heads to roll and for punishing those who created the crisis. But we are past that already.

I’ve moved past the retribution stage.

The truth is that government actions worked in averting a depression. We have returned to a semblance of normality.

There is no way policy makers will allow deflation. That, you can count on.[/quote]

Holy cow, brian…

You act as though taking down the world’s economy is nothing more than stealing a loaf of bread from the corner store.

It’s not a matter of retribution. It’s important to investigate and severely punish those who were involved in the destructive forces that took down our economy **so that it won’t happen again.** As it stands, we’ve rewarded those who destroyed us, and handsomely so. In the meantime, they are trying to make middle class Americans pay for their theft (note how the blame has shifted from Wall Street to union workers who had nothing to do with causing the crisis), while the bankers responsible for our situation sail away on their yachts. There is no possible justification for our refusal to prosecute and claw back every single dollar from these crooks — hidden in overseas accounts, transferred into trusts, given to family/friends, etc. ALL OF IT needs to be paid back.

We were told in 2008 that we would have to wait until “after the crisis is resolved” before going after the theives. Well, according to you and the propaganda machine, the crisis is over. Where are their heads?

BTW, if you think we have somehow avoided a serious financial crisis by printing trillions of dollars out of thin air, you aren’t paying attention. The regular working people of the world are far worse off today than they were in 2008. If they had just walked away from their debts/houses, the banks would have failed, and the govt could have stepped in to make direct loans and cover insured deposits until the deflation blew over. The banks/lenders would have lost (as they should have), but in the end, working people would have been far better off.

Have you been paying attention to what’s going on here and around the world? This is the result of the bankers’ “solution” to the crisis, and it’s only going to get worse.

[CA renter]

[quote=briansd1][quote=CA renter]
***NOBODY*** COULD HAVE SEEN IT COMING!!!!

[/quote]

What difference does it make now?

Mistakes were made and the financial crisis occured. The first order of priority was to get economic growth going again.

In late 2008, there was an opportunity for heads to roll and for punishing those who created the crisis. But we are past that already.

I’ve moved past the retribution stage.

The truth is that government actions worked in averting a depression. We have returned to a semblance of normality.

There is no way policy makers will allow deflation. That, you can count on.[/quote]

Holy cow, brian…

You act as though taking down the world’s economy is nothing more than stealing a loaf of bread from the corner store.

It’s not a matter of retribution. It’s important to investigate and severely punish those who were involved in the destructive forces that took down our economy **so that it won’t happen again.** As it stands, we’ve rewarded those who destroyed us, and handsomely so. In the meantime, they are trying to make middle class Americans pay for their theft (note how the blame has shifted from Wall Street to union workers who had nothing to do with causing the crisis), while the bankers responsible for our situation sail away on their yachts. There is no possible justification for our refusal to prosecute and claw back every single dollar from these crooks — hidden in overseas accounts, transferred into trusts, given to family/friends, etc. ALL OF IT needs to be paid back.

We were told in 2008 that we would have to wait until “after the crisis is resolved” before going after the theives. Well, according to you and the propaganda machine, the crisis is over. Where are their heads?

BTW, if you think we have somehow avoided a serious financial crisis by printing trillions of dollars out of thin air, you aren’t paying attention. The regular working people of the world are far worse off today than they were in 2008. If they had just walked away from their debts/houses, the banks would have failed, and the govt could have stepped in to make direct loans and cover insured deposits until the deflation blew over. The banks/lenders would have lost (as they should have), but in the end, working people would have been far better off.

Have you been paying attention to what’s going on here and around the world? This is the result of the bankers’ “solution” to the crisis, and it’s only going to get worse.

[CA renter]

[quote=briansd1][quote=CA renter]
***NOBODY*** COULD HAVE SEEN IT COMING!!!!

[/quote]

What difference does it make now?

Mistakes were made and the financial crisis occured. The first order of priority was to get economic growth going again.

In late 2008, there was an opportunity for heads to roll and for punishing those who created the crisis. But we are past that already.

I’ve moved past the retribution stage.

The truth is that government actions worked in averting a depression. We have returned to a semblance of normality.

There is no way policy makers will allow deflation. That, you can count on.[/quote]

Holy cow, brian…

You act as though taking down the world’s economy is nothing more than stealing a loaf of bread from the corner store.

It’s not a matter of retribution. It’s important to investigate and severely punish those who were involved in the destructive forces that took down our economy **so that it won’t happen again.** As it stands, we’ve rewarded those who destroyed us, and handsomely so. In the meantime, they are trying to make middle class Americans pay for their theft (note how the blame has shifted from Wall Street to union workers who had nothing to do with causing the crisis), while the bankers responsible for our situation sail away on their yachts. There is no possible justification for our refusal to prosecute and claw back every single dollar from these crooks — hidden in overseas accounts, transferred into trusts, given to family/friends, etc. ALL OF IT needs to be paid back.

We were told in 2008 that we would have to wait until “after the crisis is resolved” before going after the theives. Well, according to you and the propaganda machine, the crisis is over. Where are their heads?

BTW, if you think we have somehow avoided a serious financial crisis by printing trillions of dollars out of thin air, you aren’t paying attention. The regular working people of the world are far worse off today than they were in 2008. If they had just walked away from their debts/houses, the banks would have failed, and the govt could have stepped in to make direct loans and cover insured deposits until the deflation blew over. The banks/lenders would have lost (as they should have), but in the end, working people would have been far better off.

Have you been paying attention to what’s going on here and around the world? This is the result of the bankers’ “solution” to the crisis, and it’s only going to get worse.

[CA renter]

[quote=briansd1][quote=CA renter]
***NOBODY*** COULD HAVE SEEN IT COMING!!!!

[/quote]

What difference does it make now?

Mistakes were made and the financial crisis occured. The first order of priority was to get economic growth going again.

In late 2008, there was an opportunity for heads to roll and for punishing those who created the crisis. But we are past that already.

I’ve moved past the retribution stage.

The truth is that government actions worked in averting a depression. We have returned to a semblance of normality.

There is no way policy makers will allow deflation. That, you can count on.[/quote]

Holy cow, brian…

You act as though taking down the world’s economy is nothing more than stealing a loaf of bread from the corner store.

It’s not a matter of retribution. It’s important to investigate and severely punish those who were involved in the destructive forces that took down our economy **so that it won’t happen again.** As it stands, we’ve rewarded those who destroyed us, and handsomely so. In the meantime, they are trying to make middle class Americans pay for their theft (note how the blame has shifted from Wall Street to union workers who had nothing to do with causing the crisis), while the bankers responsible for our situation sail away on their yachts. There is no possible justification for our refusal to prosecute and claw back every single dollar from these crooks — hidden in overseas accounts, transferred into trusts, given to family/friends, etc. ALL OF IT needs to be paid back.

We were told in 2008 that we would have to wait until “after the crisis is resolved” before going after the theives. Well, according to you and the propaganda machine, the crisis is over. Where are their heads?

BTW, if you think we have somehow avoided a serious financial crisis by printing trillions of dollars out of thin air, you aren’t paying attention. The regular working people of the world are far worse off today than they were in 2008. If they had just walked away from their debts/houses, the banks would have failed, and the govt could have stepped in to make direct loans and cover insured deposits until the deflation blew over. The banks/lenders would have lost (as they should have), but in the end, working people would have been far better off.

Have you been paying attention to what’s going on here and around the world? This is the result of the bankers’ “solution” to the crisis, and it’s only going to get worse.

[Author]

Posts