Bill Gross Warns QE3 Is Coming In The Form Of "Operation Twist" For The 2 Year

Discussion in 'Economics & Trade' started by DA60, Jun 17, 2011.

  1. Landru Guide Us

    Landru Guide Us Banned

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    Oh I get it. You want me to buy into your silly meme that reasonable regulations are "central planning".

    Man, are you silly or what?
     
  2. Landru Guide Us

    Landru Guide Us Banned

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    So everybody in the world is wrong except you? They're dying to buy T-bills. Yields are at historical lows.

    You should become a financial expert or something. But I guess you can't -- you don't believe in the market, which has spoken: T-bills are the most traded more trusted securities on the planet.

    Man, dealing with you is like taking candy from a Tea Partier.
     
  3. Landru Guide Us

    Landru Guide Us Banned

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    This is rich. Look at the yield and get back to us.
     
  4. Revere

    Revere New Member

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    Well, at least we're admitting the government was foursquare behind liar loans

    The government demanded banks made loans to poor people who could not afford it.

    Is that a "reasonable regulation?"
     
  5. Landru Guide Us

    Landru Guide Us Banned

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    Show us where gummit forced banks to loan to "poor people"

    Go into detail in your Tea Party notebook. I'm in the mood for some entertainment.
     
  6. Ethereal

    Ethereal Well-Known Member

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    Nope. I want you to acknowledge the fact that central banking is an obvious form of economic central planning.

    I guess I'd have to be to waste my time debating someone like you.
     
  7. Revere

    Revere New Member

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    Here.

    http://www.bos.frb.org/commdev/commaff/closingt.pdf

    Government wrecks yet another market by interfering with it.

    HUD Secretary Andrew Cuomo and Janet Reno threatened prosections for redlining if poor people who could not pay back loans were not given loans.

    Hardly deregulation.
     
  8. Revere

    Revere New Member

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    They don't disagree with the government policy that demanded poor people be given loans that could not be paid back, they just deny it blew up the housing market.
     
  9. Landru Guide Us

    Landru Guide Us Banned

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    Where does it say "poor people"? Are you just doing stream of consciousness now.

    Please cite the law that uses this term.
     
  10. Landru Guide Us

    Landru Guide Us Banned

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    What law says "poor people" have to be loaned to.

    Be more specific. You're starting to sound delusional.
     
  11. Landru Guide Us

    Landru Guide Us Banned

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    Yep, so you want everybody to accept your bizarre definition of "central planning' and your mischaracterization of historical facts.

    Why would anybody listen to you?

    If you want to argue that any regulation is central planning, be my guest. It would be a good opportunity for everybody here to see how delusional TEa Partiers can get.
     
  12. Ethereal

    Ethereal Well-Known Member

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    There's nothing bizarre about it. The Federal Reserve centrally manages the supply of money in an attempt to promote economic growth and stability. Their manipulation of the money supply is the primary determinant of the price of credit and its availability in the economy. This is an overt and obvious form of central planning.

    Where did I say that "any regulation is central planning"?

    You can't even properly comprehend my argument. What does that say about your mental status?
     
  13. Landru Guide Us

    Landru Guide Us Banned

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    So now monetary policy = central planning.

    It's just getting more and more bizarre. Using this defintion every nation with a currency is centrally planned since all have monetary policy. It comes with having currrency.

    That's the problem, I can't tell what you mean when you throw around "central planning' like a cuss word because you can't argue the merits. If it's the Fed is central planning, then I can discuss that merits of that dubious claim.

    Let me know when you want to stop cussing and want to discuss your dubious claims.

    It says of the two people having this conversation, I'm the one with a grasp of logic.
     
  14. Ethereal

    Ethereal Well-Known Member

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    It is a form of economic central planning, yes. The central bank (the Fed) centrally manages the supply of money, which dictates the price of money and, consequently, the availability of credit.

    Every modern nation has a form of central planning, but that does not mean their entire economy is centrally planned. The term "central planning" isn't limited to command economies.

    By "central planning" I mean the centralized allocation of goods and/or services. In the case of the central bank, the good is money.

    Obviously not, since you're incapable of grasping a simple concept like central planning. Even most of the furious defenders of the Fed will not deny that it is, technically speaking, a form of central planning.
     
  15. squidward

    squidward Well-Known Member

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    Like the Rubin and Clinton triumph, the Gramm Leach Bliley bill, and the sacking of Brooksley Born when she blew the whistle on the rapidly growing derivatives markets ?

    Is this the type of regulation you favor ?
     
  16. squidward

    squidward Well-Known Member

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    If that were the case, the FED would not be buying them.

    start making sense.
     
    Ethereal and (deleted member) like this.
  17. loosecannon

    loosecannon New Member

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    I dunno. It doesn't sound like a free market when you forbid banks to save money. After all it can't be a bad thing if banks actually have enough money to repay their depositors. Which they don't.

    It might be better to just abandon the bass ackwards system we have now that only allows banks to introduce new money into circulation in the form of debt.

    Problem solved.
     
  18. loosecannon

    loosecannon New Member

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    Are you f***ing kidding me? Government wrecked this market by failing to regulate it and by insuring questionable mortgage securities.

    As for central planning, yes since WWII the government has multiplied your living standards tenfold via central planning, and yes since WWII it has been the policy of every admin to increase home ownership (because the banks told them to) and yes our military, intelligence and monetary systems are centrally planned.

    Why do you hate America/USA?

    I mean if you want to live without central planning I can offer you waterfront property in Antarctica, cheap.

    But you don't really want to live without central planning at all. You just aren't smart enough to realize that the Koch bros have duped you into supporting what you actually despise.
     
  19. squidward

    squidward Well-Known Member

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    Yes, and nixon was not a crook.
     
  20. loosecannon

    loosecannon New Member

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    You want proof?

    http://en.wikipedia.org/wiki/Capitalism#Economic_growth
     
  21. SiliconMagician

    SiliconMagician Banned

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    All true, and in the last 30 years since Reagan it has been a constant battle to free capitalism from the drudge of central planning left behind by FDR.
     
  22. Landru Guide Us

    Landru Guide Us Banned

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    Oh that meme!

    The Fed generally buys T-bills to monetize the debt. It has nothing to do with the market for T-bills, which remains robust despite all the memes from the Tea Party. The purpose is interject inflationary pressure in a deflationary environment.

    So try to focus on what the policy does, not your conspiracy theory.
     
  23. Landru Guide Us

    Landru Guide Us Banned

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    With the result of falling real income for a larger and larger protion of the American public, which culminated in the Bush Recession.

    Unless we make sure capital flows to working people, we will have a third world economy -- which was of course Reagan's vision for America, insofar as Reagan could even think coherently at all.
     
  24. squidward

    squidward Well-Known Member

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    capital did flow to working people.
    The entire economy was built upon debt based consumerism.

    They couldn't pay their debt.
     
  25. squidward

    squidward Well-Known Member

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    when there are no buyers.





    that's a good one.
    Did you make that up yourself ?

    try to argue with intelligence instead of neat little words and phrases like "meme" and "conspiracy". You might not appear smart, but you will appear smarter.
     

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