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Rich ToscanoKeymaster[quote=CDMA ENG]
Rich,Forgive me if it is bad taste to link to another blog but…
[/quote]Not in the least…
Rich ToscanoKeymaster[quote=CDMA ENG]
Rich,Forgive me if it is bad taste to link to another blog but…
[/quote]Not in the least…
Rich ToscanoKeymaster[quote=CDMA ENG]
Rich,Forgive me if it is bad taste to link to another blog but…
[/quote]Not in the least…
Rich ToscanoKeymaster[quote=AK]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.[/quote]Nope… you are right, that would be the smart move… but avg maturity is less than 5 years.
Rich ToscanoKeymaster[quote=AK]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.[/quote]Nope… you are right, that would be the smart move… but avg maturity is less than 5 years.
Rich ToscanoKeymaster[quote=AK]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.[/quote]Nope… you are right, that would be the smart move… but avg maturity is less than 5 years.
Rich ToscanoKeymaster[quote=AK]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.[/quote]Nope… you are right, that would be the smart move… but avg maturity is less than 5 years.
Rich ToscanoKeymaster[quote=AK]
I do hope the powers that be are rolling over short-term Treasuries into 10- and 30-year notes … or yeah, we’re Greeced.[/quote]Nope… you are right, that would be the smart move… but avg maturity is less than 5 years.
Rich ToscanoKeymaster“In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors.”
And what happens when that ceases to be the case, and creditors price in the very low chance that we will pay our debt back in real terms? That’s when you will really see the “collapse” everyone keeps talking about.
That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.
Rich ToscanoKeymaster“In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors.”
And what happens when that ceases to be the case, and creditors price in the very low chance that we will pay our debt back in real terms? That’s when you will really see the “collapse” everyone keeps talking about.
That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.
Rich ToscanoKeymaster“In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors.”
And what happens when that ceases to be the case, and creditors price in the very low chance that we will pay our debt back in real terms? That’s when you will really see the “collapse” everyone keeps talking about.
That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.
Rich ToscanoKeymaster“In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors.”
And what happens when that ceases to be the case, and creditors price in the very low chance that we will pay our debt back in real terms? That’s when you will really see the “collapse” everyone keeps talking about.
That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.
Rich ToscanoKeymaster“In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors.”
And what happens when that ceases to be the case, and creditors price in the very low chance that we will pay our debt back in real terms? That’s when you will really see the “collapse” everyone keeps talking about.
That’s my issue with Krugman et al’s framework… the unquestioned assumption that the world will forever keep buying all the super-low rate debt we cram down their collective throat without ever, at any point, stopping to question how we will pay it all back.
Rich ToscanoKeymasterThis is the most telling paragraph to me:
“So I don’t think this is really about Greece, or indeed about any realistic appreciation of the tradeoffs between deficits and jobs. It is, instead, the victory of an orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times.”
He won’t even acknowledge that there are some sound arguments (whether he agrees with them or not) as to why debt levels should stay within sustainable limits. Instead, he dismisses that approach as just some sort of power trip. He is truly delusional.
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