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On September 19 2013 10:35 sam!zdat wrote:
if I were a leninist I might be upset. Can you come back when you have something useful to say bob?
you're basically just the french version of debbie
Oh no please, not this comparison, no thanks.
I told you that i'm not so found of this little nation thing and debbie is an absolute zealot. He is always the first to defend the mighty and eternal America on this forum. It is really pointless and France is not so mighty these days anyway lol.
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ok well if you don't like it don't compare me to bolsheviks and I won't compare you to debbie. Deal?
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On September 19 2013 10:56 sam!zdat wrote:
because we're locked into a hostage situation where if we stop printing money the market will crash and our money printing is not doing anything except inflating asset bubbles and we have no end in sight and no way out and no plan at all!
and we have a government in open revolt that has not done anything at all in years except pass a terrible terrible healthcare law! And they are all corrupt! And we have more and more students with more and more debt every year who will never have jobs!
I don't see how there's a 'hostage situation' since printing money isn't hurting you.
There's certainly a way out, and a plan to get there. As the economy improves the Fed will slow down it's purchases. If it needs to it will sell what it bought, or let its supply of assets fall as they mature.
Student debt is a problem, but it would be worse if interest rates on that debt were higher. Those students will eventually get jobs too. The economy hasn't radically changed that much in the last 5 years. Take a little historical perspective here, we've had times where job creation was slow before and we've gotten past it.
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'as the economy improves'
got more than a credo there jonny? I admire your faith buddy but we have different religions you and i
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On September 19 2013 11:17 sam!zdat wrote:
ok well if you don't like it don't compare me to bolsheviks and I won't compare you to debbie. Deal?
Fine but then i need to find some new examples of real life marxists who got something done. Any idea ?
(When i mean "something done" it doesn't mean posturing and writting books lol).
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why isn't writing books doing something? 
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why? I'm one of the posturing and writing books marxists
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On September 19 2013 11:18 sam!zdat wrote:
'as the economy improves'
got more than a credo there jonny? I admire your faith buddy but we have different religions you and i
Eh? The economy has been improving slowly. That's not an article of faith, it's an observation of what's been happening...
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On September 19 2013 11:25 sam!zdat wrote:
why? I'm one of the posturing and writing books marxists
So you are one of these farcical and impotent maxists... oh well at least they are innocuous.
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On September 19 2013 11:17 JonnyBNoHo wrote:Show nested quote +On September 19 2013 10:56 sam!zdat wrote:
because we're locked into a hostage situation where if we stop printing money the market will crash and our money printing is not doing anything except inflating asset bubbles and we have no end in sight and no way out and no plan at all!
and we have a government in open revolt that has not done anything at all in years except pass a terrible terrible healthcare law! And they are all corrupt! And we have more and more students with more and more debt every year who will never have jobs! I don't see how there's a 'hostage situation' since printing money isn't hurting you. There's certainly a way out, and a plan to get there. As the economy improves the Fed will slow down it's purchases. If it needs to it will sell what it bought, or let its supply of assets fall as they mature. Student debt is a problem, but it would be worse if interest rates on that debt were higher. Those students will eventually get jobs too. The economy hasn't radically changed that much in the last 5 years. Take a little historical perspective here, we've had times where job creation was slow before and we've gotten past it.
I'd argue it has changed a lot in the past 15 years though. I'm starting to wonder if there are some trade-offs that take place between government investment and private sector exploitation, where they are two sides of the same coin. Recently, we've exploited the societal gains too much and are running into an innovation wall.
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On September 19 2013 11:31 JonnyBNoHo wrote:Show nested quote +On September 19 2013 11:18 sam!zdat wrote:
'as the economy improves'
got more than a credo there jonny? I admire your faith buddy but we have different religions you and i Eh? The economy has been improving slowly. That's not an article of faith, it's an observation of what's been happening...
by what measure
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On September 19 2013 11:34 sam!zdat wrote:Show nested quote +On September 19 2013 11:31 JonnyBNoHo wrote:On September 19 2013 11:18 sam!zdat wrote:
'as the economy improves'
got more than a credo there jonny? I admire your faith buddy but we have different religions you and i Eh? The economy has been improving slowly. That's not an article of faith, it's an observation of what's been happening... by what measure
Stock prices obviously.
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On September 19 2013 11:34 sam!zdat wrote:Show nested quote +On September 19 2013 11:31 JonnyBNoHo wrote:On September 19 2013 11:18 sam!zdat wrote:
'as the economy improves'
got more than a credo there jonny? I admire your faith buddy but we have different religions you and i Eh? The economy has been improving slowly. That's not an article of faith, it's an observation of what's been happening... by what measure
GDP, employment, unemployment, income, retail sales, auto sales, home building, etc...
Median income has been very weak, and overall it's been nothing glamorous, but there's been improvement in many data points.
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all right lets hear your employment analysis. Sector, salary, full time vs part time, age groups being hired...
unemployment has been falling because of people leaving the work force, is my understanding.
basically jonny, if my generation isn't getting jobs (NOT BARISTA JOB) the economy isn't improving. How's employment for say 20-30 demographic
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On September 19 2013 11:49 sam!zdat wrote:
all right lets hear your employment analysis. Sector, salary, full time vs part time, age groups being hired...
unemployment has been falling because of people leaving the work force, is my understanding.
basically jonny, if my generation isn't getting jobs (NOT BARISTA JOB) the economy isn't improving. How's employment for say 20-30 demographic
Ugh, you're putting me to work! Now I know how ol' Boxer felt... 
I'll have to get back to you on that lengthy request.
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fair enough.
but seriously. Don't tell me the economy is improving until people my age start getting jobs that aren't corporate hellhole food industry positions.
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Has the word barista lost its status as a euphemism now? You usually call things by their name, Sam.
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Cayman Islands24199 Posts
could always use more lawyers and bankers
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what am I supposed to call it?
what a stressful day. I should get off tl before I get warned again. Time to eat something, get drunk, and have dan dennett explain consciousness to me. Goodbye everyone
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On September 19 2013 11:11 Jormundr wrote:Show nested quote +On September 19 2013 11:05 DoubleReed wrote:But when the private money comes back the Fed can remove its money. It's not doing something irreversible. we have no end in sight and no way out and no plan at all!  Quite frankly, sam, you sound like one of the Doomsayers from the Austrian School. I mean Doomsayers are generally called doomsayers because what they say isn't likely to happen. Population outpacing job growth/income is already happening (and has been for generations) and nobody has really proposed a likely solution in our political system.
Doomsayers have a lot more to it than just being unreliable. There's a kind of weird social quirk in humans that makes prophecies of doom especially tantalizing. It's why you see doom cults all throughout history. (And I would say Jesus was a doomsayer, not that I'm trying to start a religious discussion)
Much of the appeal of the Austrian School comes from this. They are constantly predicting varieties of doom (usually hyper-inflation). In my opinion, they are just another doom cult, but they use economics.
People should actively be wary of doomsayers, because us humans seem to be strangely attracted to them.
Funnily enough, climate change is only rarely the avenue of doomsayers. I think it's because people who believe in climate change realize that it's something that we could reasonably stop if we tried, and a lot of the appeal of doom is that it is inevitable and unavoidable.
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EPT
