tag:blogger.com,1999:blog-2121490237517462736.post438305614759434024..comments2024-02-20T01:52:53.299-08:00Comments on Futronomics: contrarian analysis of global macro trends, commodities, currencies, equities: Asia Coming UngluedMatt Stileshttp://www.blogger.com/profile/17977694389453612864noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2121490237517462736.post-91157912053623325392009-01-08T10:47:00.000-08:002009-01-08T10:47:00.000-08:00It's amazing how one can see the world possibly di...It's amazing how one can see the world possibly dividing into the 3 super nations that George Orwell wrote off in 1984.<BR/><BR/>Truth-speak, faceless enemies, memory holes.<BR/>I expect the minute rage once people become hungry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-21031050504635742082009-01-07T16:20:00.000-08:002009-01-07T16:20:00.000-08:00I really enjoy your blog. For a guy your age I am ...I really enjoy your blog. For a guy your age I am amazed of what you know. Guys your ages talk about sports which IMO is for the weak minded. Keep up the good work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-78360052577369497192009-01-06T12:58:00.000-08:002009-01-06T12:58:00.000-08:00Sorry, Chairman Ben S. Bernanke, But Quantitative ...<B>Sorry, Chairman Ben S. Bernanke, But Quantitative Easing Won't Work.</B><BR/><BR/>In a Liquidity Trap although Saving (S) is abnormally high investment (I) is next to 0. <BR/><BR/>Hence, the Keynesian paradigm I = S is not verified.<BR/><BR/>The purpose of Quantitative Easing being to lower the yield on long-term savings and increase liquidity it doesn't create $1 of investment. <BR/><BR/>In a Liquidity Trap the last thing the Market needs is liquidity.<BR/><BR/>Quantitative Easing does diminish the yield on long-term US Treasury debt but lowers marginally, if at all, the asked yield on long-term savings.<BR/><BR/>Those purchases maintain the demand for long-term asset in an unstable equilibrium.<BR/><BR/>When this desequilibrium resolves the Market turns chaotic.<BR/><BR/>This and other issues are explored in my tract:<BR/><BR/><B>A Specific Application of Employment, Interest and Money<BR/>Plea for a New World Economic Order</B><BR/><BR/><BR/>Abstract:<BR/><BR/><I>This tract makes a critical analysis of credit based, free market economy, Capitalism, and proves that its dysfunctions are the result of the existence of credit. <BR/><BR/>It shows that income / wealth disparity, cause and consequence of credit and of the level of long-term interest-rates, is the first order hidden variable, possibly the only one, of economic development. <BR/><BR/>It solves most of the puzzles of macro economy: among which Unemployment, Business Cycles, Under Development, Trade Deficits, International Division of Labour, Stagflation, Greenspan Conundrum, Deflation and Keynes' Liquidity Trap... <BR/><BR/>It shows that no fiscal or monetary policy, including the barbaric Quantitative Easing will get us out of depression.</I><BR/><BR/><B>A Credit Free, Free Market Economy will correct all of those dysfunctions.</B><BR/><BR/><BR/>The alternative would be, on the long run, to wait for the physical destruction (through war or rust) of most of our productive assets. It will be at a cost none of us can afford to pay.<BR/><BR/><B><A HREF="http://www.17-76.net/interest.html" REL="nofollow">A Specific Application of Employment, Interest and Money</A></B><BR/><BR/><BR/>Press release of my open letter to Chairman Ben S. Bernanke:<BR/><BR/><B><A HREF="http://www.prlog.org/10162465-sorry-chairman-ben-bernanke-but-quantitative-easing-wont-work.html" REL="nofollow">Sorry, Chairman Ben S. Bernanke, But Quantitative Easing Won't Work.</A></B><BR/><BR/><BR/>Yours Sincerely,<BR/><BR/>MC Shalom P. Hamou<BR/>Chief Economist & Master Conductor<BR/>1776 - <I>Annuit Cœptis.</I>Anonymousnoreply@blogger.com