Comments on: Continuing Deflation in the “Real Economy” http://dailyreckoning.com/continuing-deflation-in-the-real-economy/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 03:39:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Sundance http://dailyreckoning.com/continuing-deflation-in-the-real-economy/#comment-38172 Sundance Wed, 11 Nov 2009 22:08:48 +0000 http://dailyreckoning.com/?p=20052#comment-38172 The more I read Harry's comments the more I believe he obviously suffers from severe autism & cognitive dissonance, or both. But day after day it becomes more of a Grand comical moment, so keep it going Harry please. The more I read Harry’s comments the more I believe he obviously suffers from severe autism & cognitive dissonance, or both. But day after day it becomes more of a Grand comical moment, so keep it going Harry please.

]]> By: Mark G. http://dailyreckoning.com/continuing-deflation-in-the-real-economy/#comment-38140 Mark G. Wed, 11 Nov 2009 17:01:18 +0000 http://dailyreckoning.com/?p=20052#comment-38140 Harry said Every single indicator is now showing sustainable world growth. '''''''''''''''''' You better get on the horn to the Fed's Yellen and Fisher, they are in opposition to your view. Harry said
Every single indicator is now showing sustainable world growth.
”””””””””

You better get on the horn to the Fed’s Yellen and Fisher, they are in opposition to your view.

]]> By: sierra http://dailyreckoning.com/continuing-deflation-in-the-real-economy/#comment-38137 sierra Wed, 11 Nov 2009 16:51:07 +0000 http://dailyreckoning.com/?p=20052#comment-38137 It will be interesting and educational to follow how cities, counties, states deal with the precipitous drop in incoming tax revenue... The "top" is still drinking cream in their coffee, but the bottom is using "non-fat" when they can afford that luxury. You can't have a "jobless" recovery......we need to CREATE more than 350,000 jobs just to keep up with demographics; we are loosing upwards of 200,000 jobs monthly.......means we must create taking a lesser figure, at least 500,000 jobs to stay EVEN. So, where is the recovery???? It will be interesting and educational to follow how cities, counties, states deal with the precipitous drop in incoming tax revenue…

The “top” is still drinking cream in their coffee, but the bottom is using “non-fat” when they can afford that luxury.

You can’t have a “jobless” recovery……we need to CREATE more than 350,000 jobs just to keep up with demographics; we are loosing upwards of 200,000 jobs monthly…….means we must create taking a lesser figure, at least 500,000 jobs to stay EVEN.

So, where is the recovery????

]]> By: Peter Rogers http://dailyreckoning.com/continuing-deflation-in-the-real-economy/#comment-38111 Peter Rogers Wed, 11 Nov 2009 11:11:16 +0000 http://dailyreckoning.com/?p=20052#comment-38111 The banks will be subsidized for many years, both directly with huge cash injections from taxpayers and indirectly with very low base rates, the effect of this is to cream profits from savers by paying them very low interest rates, yet on the lending side personal loans are approaching 10% rates, this gives the banks a nice tidy 8-9% profit margin, no wonder the UK banks are seeing record profit before provisions! The effect of this subsidy is less money in the real economy and less desire to borrow and spend, not a good sign for future growth in the UK. Also on the cards is huge tax rises in the next 2 years, it seems that in the UK tax raising is now the new house flipping, we even have a mini TV program within Newsnight, where members of the public get to present new tax raising ideas to a panel of experts in a 'Dragons Den' format, I am thinking of applying to the show to suggest we make the UK a tax free haven like Dubai in a swiping 'beggar thy neighbor' move to the rest of the EU country's, that would give them something to debate in Brussels. It seems to me when you have a tax rate in the UK where roughly 50% of GDP goes to the government the last thing you need is to raise tax yet higher. The banks will be subsidized for many years, both directly with huge cash injections from taxpayers and indirectly with very low base rates, the effect of this is to cream profits from savers by paying them very low interest rates, yet on the lending side personal loans are approaching 10% rates, this gives the banks a nice tidy 8-9% profit margin, no wonder the UK banks are seeing record profit before provisions!
The effect of this subsidy is less money in the real economy and less desire to borrow and spend, not a good sign for future growth in the UK.
Also on the cards is huge tax rises in the next 2 years, it seems that in the UK tax raising is now the new house flipping, we even have a mini TV program within Newsnight, where members of the public get to present new tax raising ideas to a panel of experts in a ‘Dragons Den’ format, I am thinking of applying to the show to suggest we make the UK a tax free haven like Dubai in a swiping ‘beggar thy neighbor’ move to the rest of the EU country’s, that would give them something to debate in Brussels.
It seems to me when you have a tax rate in the UK where roughly 50% of GDP goes to the government the last thing you need is to raise tax yet higher.

]]> By: Harry http://dailyreckoning.com/continuing-deflation-in-the-real-economy/#comment-38071 Harry Wed, 11 Nov 2009 04:21:51 +0000 http://dailyreckoning.com/?p=20052#comment-38071 Every single indicator is now showing sustainable world growth. Yet here you sit with that smugness of "how long will this depression last?" question. First of all, if you think this is a depression, you should get out of finance. Second, there was a severe recession that ended around May. Get over it. Every single indicator is now showing sustainable world growth. Yet here you sit with that smugness of “how long will this depression last?” question. First of all, if you think this is a depression, you should get out of finance. Second, there was a severe recession that ended around May. Get over it.

]]> By: DP http://dailyreckoning.com/continuing-deflation-in-the-real-economy/#comment-38056 DP Wed, 11 Nov 2009 02:22:31 +0000 http://dailyreckoning.com/?p=20052#comment-38056 Ugh. What a great article, Bill. I'm enjoying "The New Empire of Debt" right now. Excellent writing style, sensational content. Thanks for all you do. Ugh. What a great article, Bill. I’m enjoying “The New Empire of Debt” right now. Excellent writing style, sensational content.

Thanks for all you do.

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