tag:blogger.com,1999:blog-648884752216444797.post973892935210305671..comments2024-03-28T09:59:13.754-07:00Comments on bionic mosquito: Sovereign Debt Default: In the Worksbionic mosquitohttp://www.blogger.com/profile/12002548958078731031noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-648884752216444797.post-22659510497693649302013-11-04T02:20:14.619-08:002013-11-04T02:20:14.619-08:00Well Jonathan, DB hasn't been on my list latel...Well Jonathan, DB hasn't been on my list lately, having of financial necessity taken up the more intellectually satisfying tools of shovel, hammer and chainsaw. <br /><br />It does seem rather Brownian but I'll try not to blame the botanist and instead lay it on the false economists. Keynesian economist seems to encompass all but the Austrians now, and in my mind is just as solidly oxymoronic as abortion doctor. And that last might be better if you leave out oxy, for evil and. <br /><br />Barry hired Tiller's friend Sebelius to crush us in one way, I guess he has bookended her with Yellen to crush us in another. If people are ridiculous enough to believe that anything they are doing is good, then I suppose they are gullible enough to believe that canceling debt owed to people while creating debt owed to the either will work. It puts governments and central banks on the same level as a six year old saying 'I rule the world because I said so infinity.' The basic differences being that they have well oiled propaganda machines, and guns. <br /><br />We know it will reach a tipping point and end but in the mean time, watching how stupid we can be continually pushed to new heights, makes me want to stop watching. Great news, the patient died but we saved the tumor! taxesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-52046852888784195112013-11-03T13:49:50.185-08:002013-11-03T13:49:50.185-08:00taxes
It is an interesting possibility that the g...taxes<br /><br />It is an interesting possibility that the game will be extended via central banks basically writing off the sovereign debt held, and as necessary buying more sovereign as well as potentially state debts...and then writing these off as well.<br /><br />It is very "Brownian" as DB puts it. Perhaps this is the direction Yellen will take, as it seems she isn't satisfied that enough has been done through the current transmission mechanisms. bionic mosquitohttps://www.blogger.com/profile/12002548958078731031noreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-76366411805903500072013-11-03T07:06:29.208-08:002013-11-03T07:06:29.208-08:00I have no doubt that you are correct about regulat...I have no doubt that you are correct about regulatory democracy, and QE. Bond buying could not slack without less government spending, and we know that will not happen. The real estate pump can not slack without causing "'08 only worse." The only program they can add next that makes sense to me is buying other worthless paper. If they buy commodity futures, (gold etc.) even children will know that the economy is a lie. They could buy bonds issued by other governments but if they are foreign the outrage would be immediate. State and local paper are a logical next step that some of the public would believe beneficial. The Fed may start buying derivatives in purchases that are not thought of as bailing anyone out. I don't think it would be credit default swaps at first, but where else is there to go? taxesAnonymousnoreply@blogger.com