Credit deflation and the reflation cycle to come (part 2)

[Shamone]

23 hours ago, JoeDavola said:

Here you go - just taken these photos. Queuing up for ages for the chance to sit on the pavement by a main road with an overpriced pint. And actually 25 is probably too old - average age is about 21 I'd say.

Fucking state on that. I thought the drossers and scummers queuing outside Hereford Weatherspoons were rough. What a fucking shower. And what’s going on with White Troos? Just how high is the waist? Is it 1980 in Belfast? Lord have mercy.

[leonardratso]

hmm, sound familiar?

https://www.theinstitutionalriskanalyst.com/post/fed-prepares-to-go-direct-with-liquidity

[macca]

On 22/05/2021 at 09:25, spygirl said:

Any government?

You are over investing in the idea of Labour being some sort of political saviour.

They are not.

There have been 3 labour governments in 121 years.. 

This Labour bad with the economy is brain washing.. There is fuck all evidence that its true.. 

The truth is Conservatives are bad with the economy unless you are part of the 1%

Labour rebuilt Britain after WW2 creating all our social housing, NHS, social care, public schools, national infrastructure.. 

Since then Tories have spent every year since selling it to they're mates and stealing all of the money..  

Tough on crime!

Last year 97% of all rapists walked free. 22'000 police gone, 23'500 back of house staff gone, 500 police stations closed.

Tough on immigration!

2019 there was record non EU immigration

Good with the NHS!

Record high increases of private companies operating NHS services.. Record high waiting times for operations and gp appointments.. 

Tories are corrupt cunts.  I have 500 pages of Tory corruption that I vomit over the Internet on a daily basis trying to un brain wash the dickheads.. 

So please don't even bother trying to reply because your just wrong if u voted Tory 😁

It's not an opinion.. its a fact.. 

 

[spygirl]

20 minutes ago, macca said:

There have been 3 labour governments in 121 years.. 

This Labour bad with the economy is brain washing.. There is fuck all evidence that its true.. 

The truth is Conservatives are bad with the economy unless you are part of the 1%

Labour rebuilt Britain after WW2 creating all our social housing, NHS, social care, public schools, national infrastructure.. 

Since then Tories have spent every year since selling it to they're mates and stealing all of the money..  

Tough on crime!

Last year 97% of all rapists walked free. 22'000 police gone, 23'500 back of house staff gone, 500 police stations closed.

Tough on immigration!

2019 there was record non EU immigration

Good with the NHS!

Record high increases of private companies operating NHS services.. Record high waiting times for operations and gp appointments.. 

Tories are corrupt cunts.  I have 500 pages of Tory corruption that I vomit over the Internet on a daily basis trying to un brain wash the dickheads.. 

So please don't even bother trying to reply because your just wrong if u voted Tory 😁

It's not an opinion.. its a fact.. 

 

Theres been 6 Laboour governments- MacDonald, MacDonald, Atlee, Wilson, Callaghan, Blair.

[Transistor Man]

2 hours ago, reformed nice guy said:

The idea of helicopter money is from Keynsian theory of increasing demand when things are a bit shit.

It’s from Milton Friedman, isn’t it?

”you can always escape deflation, with a printer.”

 

Keynes was more deficit spending to maintain demand. 

[DurhamBorn]

1 hour ago, Loki said:

@DurhamBorn Do you have any favourite sentiment indicators you are happy to share, if your models use them?  David Hunter has mentioned it but I doubt he would ever share what they are. (Understandably) 

 

Yes i do,very much so,but they arent really for the thread.I never buy much of anything outside of a crash unless my sentiment indicators are high or extreme.Two sides,the macro roadmap for direction,and sentiment for positioning.

[DurhamBorn]

https://www.telegraph.co.uk/business/2021/05/23/netflix-surge-throws-pms-green-agenda-doubt-warns-bt/

This would be massive for telcos and finally make sure they got paid their share of the billions being made over their networks.

It would also show who really has the power when you can have your traffic squeezed unless you cough up.Im not sure Ofcom will go for it,but they might allow some changes.

[Loki]

4 minutes ago, DurhamBorn said:

Yes i do,very much so,but they arent really for the thread.I never buy much of anything outside of a crash unless my sentiment indicators are high or extreme.Two sides,the macro roadmap for direction,and sentiment for positioning.

I'd never thought of the distinction there, interesting. Thanks

[BWW]

59 minutes ago, macca said:

There have been 3 labour governments in 121 years.. 

This Labour bad with the economy is brain washing.. There is fuck all evidence that its true.. 

The truth is Conservatives are bad with the economy unless you are part of the 1%

Labour rebuilt Britain after WW2 creating all our social housing, NHS, social care, public schools, national infrastructure.. 

Since then Tories have spent every year since selling it to they're mates and stealing all of the money..  

Tough on crime!

Last year 97% of all rapists walked free. 22'000 police gone, 23'500 back of house staff gone, 500 police stations closed.

Tough on immigration!

2019 there was record non EU immigration

Good with the NHS!

Record high increases of private companies operating NHS services.. Record high waiting times for operations and gp appointments.. 

Tories are corrupt cunts.  I have 500 pages of Tory corruption that I vomit over the Internet on a daily basis trying to un brain wash the dickheads.. 

So please don't even bother trying to reply because your just wrong if u voted Tory 😁

It's not an opinion.. its a fact.. 

 

"Labour rebuilt Britain after WW2 creating all our social housing, NHS, social care, public schools, national infrastructure.. "

social housing

so crap half of it's falling down or mouldy, the other half needs fire wardens to avoid people being killed due to unsafe cladding.

NHS

Horrendously expensive and utterly shite service

social care

Like all socialists they reduced standards and forced those who pay their way to accept the same crap the scroungers have ot accept. Underpaid carers and profiteering care home owners make for something not good.

public schools

purpose is keeping the unemployment stat lower isn't it. Oh and teaching the young to have the currently fashionable woke views [which change every decade to advantage whoever's got the most power in the trough]. Turning out an ever lower level of unthinking foolish sheep.

national infrastructure.. 

??

I voted for Corbyn at the last GE [in his constituency - because Brexit and Liberals were claiming they had a chance there and didn't want them]. I believe I have voted all parties at one time or another and don't support any of them.

[Transistor Man]

 

[planit]

16 minutes ago, Transistor Man said:

 

a) Looks like something magic happens in 2025, anyone got any idea what it is? Covid2?

b) Seems like world power consumption has peaked.

If the above two things aren't quite right the 2025+ just needs all shifting up with oil and gas and coal taking up the slack.

On top of that if they are wrong on the clean energy growth O+G+C will need to expand to fill this gap too.

If new things are invented that also require large amounts of energy (like levitating skateboards or something) then this will also need to be added on top.

EDIT: Everyone should click on the tweet as that is just the first in a whole analysis

 

[MrXxxx]

3 hours ago, BurntBread said:

Of course, this is true for anything traded; for example, if you own a house outright, with no insurance, and it burns down, this does not change the money supply. However, in this case, it does reduce amount of goods and services in the nation, and therefore can be a cause of inflation (for example local inflation of house prices, as there are fewer houses for sale).

..and there I was thinking the Welsh Nationalist did this because they hated the English with their second homes, whereas all the time it was about pumping up the Welsh housing bubble/market!

[MrXxxx]

2 hours ago, macca said:

This Labour bad with the economy is brain washing.. There is fuck all evidence that its true.. 

Yes, I must admit Brown 'selling off the nations silver' [well gold actually] was a master stroke of economic acumen! :-)

[MrXxxx]

1 hour ago, Loki said:

I'd never thought of the distinction there, interesting. Thanks

For a pointer @Loki take a look in the Library thread for a book by Howard Marks about cycles.

[Loki]

4 minutes ago, MrXxxx said:

For a pointer @Loki take a look in the Library thread for a book by Howard Marks about cycles.

Couldn't find the thread itself, but do you mean this?

https://www.amazon.co.uk/Mastering-Market-Cycle-Getting-odds/dp/1473680379

[MrXxxx]

19 minutes ago, Loki said:

Couldn't find the thread itself, but do you mean this?

https://www.amazon.co.uk/Mastering-Market-Cycle-Getting-odds/dp/1473680379

Yes that's the one...my first review of this The Library [its in the Investing and money folder] was pretty scathing, but having read it again recently it has given me 'food for thought' with all the learning I have since the first time...still think you should borrow it from the library though.

[Loki]

2 minutes ago, MrXxxx said:

Yes that's the one...my first review of this The Library [its in the Investing and money folder] was pretty scathing, but having read it again recently it has given me 'food for thought' with all the learning I have since the first time...still think you should borrow it from the library though.

Thanks mate 

[macca]

2 hours ago, spygirl said:

Theres been 6 Laboour governments- MacDonald, MacDonald, Atlee, Wilson, Callaghan, Blair.

i fucked up there.. 6 is the correct answer.. would you like your prize..

[23rdian]

3 hours ago, macca said:

There have been 3 labour governments in 121 years.. 

This Labour bad with the economy is brain washing.. There is fuck all evidence that its true.. 

The truth is Conservatives are bad with the economy unless you are part of the 1%

Labour rebuilt Britain after WW2 creating all our social housing, NHS, social care, public schools, national infrastructure.. 

Since then Tories have spent every year since selling it to they're mates and stealing all of the money..  

Tough on crime!

Last year 97% of all rapists walked free. 22'000 police gone, 23'500 back of house staff gone, 500 police stations closed.

Tough on immigration!

2019 there was record non EU immigration

Good with the NHS!

Record high increases of private companies operating NHS services.. Record high waiting times for operations and gp appointments.. 

Tories are corrupt cunts.  I have 500 pages of Tory corruption that I vomit over the Internet on a daily basis trying to un brain wash the dickheads.. 

So please don't even bother trying to reply because your just wrong if u voted Tory 😁

It's not an opinion.. its a fact.. 

 

They are all terrible. I don't vote Tory. Labour deserve no fanbois either.

[ThoughtCriminal]

My only comment on politics is that the motto of this thread and its participants should be "don't follow leaders and watch the parking meters".  Hat tip Bob Dylan. 

 

They're all corrupt, thieving Hypocrites. 

 

All we can do is look after ourselves and our own. That's why we're here, after all. 

[wherebee]

41 minutes ago, macca said:

i fucked up there.. 6 is the correct answer.. would you like your prize..

That's OK, we know that Labour supporters, as with Labour governments, are shit with numbers.

[macca]

8 minutes ago, wherebee said:

That's OK, we know that Labour supporters, as with Labour governments, are shit with numbers.

we can count to 130'000 dead.. we are an island.. Bojo is a mass murdering corrupt criminal who is bankrupting the country and stealing all the money

Vietnam 42 dead, population 96.4 million

Taiwan 23 dead population 23.5 million 

new Zealand 26 dead population 4.9 million

It was so easy to stop Covid, but Tories are corrupt and have made billions of £s from it. If you vote for them.. you are the problem. I will say no more on this page..

[Innkeeper]

4 hours ago, BurntBread said:

My understanding is that crypto doesn't have any utility value. Therefore if (let us say) the Bitcoin cryptography were cracked, and Bitcoin suddenly had no resale value, then the wealth of the nation (in terms of the goods and services that are available) will not have changed. The only effective result is that the previous buyers of Bitcoin have simply gifted their fiat money to the previous sellers.

Thus, neither a crash nor an increase in the price of Bitcoin changes the (broad or narrow) money supply.

 

Bingo.  This is exactly why I find the whole crypto concept so bewildering.

 

[Hancock]

On 22/05/2021 at 19:16, JoeDavola said:

Here you go - just taken these photos. Queuing up for ages for the chance to sit on the pavement by a main road with an overpriced pint. And actually 25 is probably too old - average age is about 21 I'd say.

Me and my mate pulled to Catholic girls in there, they were well and truly off their fucken heads. (in a weird way)

[Hancock]

4 hours ago, macca said:

There have been 3 labour governments in 121 years.. 

This Labour bad with the economy is brain washing.. There is fuck all evidence that its true.. 

The truth is Conservatives are bad with the economy unless you are part of the 1%

Labour rebuilt Britain after WW2 creating all our social housing, NHS, social care, public schools, national infrastructure.. 

Since then Tories have spent every year since selling it to they're mates and stealing all of the money..  

Tough on crime!

Last year 97% of all rapists walked free. 22'000 police gone, 23'500 back of house staff gone, 500 police stations closed.

Tough on immigration!

2019 there was record non EU immigration

Good with the NHS!

Record high increases of private companies operating NHS services.. Record high waiting times for operations and gp appointments.. 

Tories are corrupt cunts.  I have 500 pages of Tory corruption that I vomit over the Internet on a daily basis trying to un brain wash the dickheads.. 

So please don't even bother trying to reply because your just wrong if u voted Tory 😁

It's not an opinion.. its a fact.. 

 

I fucken despise the Tories with a passion, but the last Labour govt done enough to screw the nation over for another 50 years.

And i wish the NHS had never been invented, it is fucken shite just like everything that party who oversaw the rape of English school kids on an industrial scale has done.