House of Paine

jesus look who sounds like me

john h makin 

A former consultant to the U.S. Treasury,
 the Congressional Budget Office,
 and 
 the International Monetary Fund,



  a  shallow
 bizz-think  hacker  
if there ever was one ......
 


===========================================


" I will neither 
decry nor praise 
America’s
 low and falling savings rate"


----------  note he's
wooden and pompous like "we"  too--------------


" in a world of substantial excess capacity,
 a large nation 
  that boosts global demand growth
 by saving less and spending more 
provides welcome relief 
  for foreign  producers
           everywhere "

--------- and their yankee 
                profit "partners" -------------
 
-------------------------------------

-----------in fact...------------------ 
 
"More U.S. Saving Would Be Problematic

The American consumer 
has been the primary source
 of demand growth

 a spending hero 

in a global economy 
plagued with excess capacity"

.
"sure  In the process, 
foreign lenders have acquired claims
 on the United States worth 
  about $2 trillion.
  whats that compared to 
 total household assets 
of about $60 trillion"

 
"Had American net liabilities
 to the rest of the world not increased
  world growth 
  would have been substantially lower".

   

"America is seen as 
the optimal
      low-risk borrower
and  lenders 
  have few attractive 
alternatives
  to  
consumption oriented
lending 
  gringo hogs 
 "crowding out"
  productive  investment opportunity?

   what ?
 in today’s world 
  of  massive excess capacity ....
we hogs sloppin away
           make ... ..
                        beautiful music  "
    
 


==============================================================

 
ps 
then again

my man makin 
has 
a  doom chicken side
        
that   ain't  too suavola ......

--------------------------------

"Sometime during the next year
 the stock of durable goods and housing 
will probably be seen as too large
 as energy costs 
        and interest rates rise" 

"purchases will drop sharply 
and the wealth creation
 that has accompanied 
rising real estate prices 
will be reversed "


" unless the Fed ceases 
tightening 
and reverses 
 the rise in interest rates"

-------- so won't the feds
      do just that johnny boy ? ------------.

 "Such a Fed reversal 
is an unlikely event
 at least in the early stages
 of a housing slowdown "

------ do u note 
 his scenarios sudden 
fatal error students  ?  ------------


"In fact, 
Fed tightening will likely 
   overshoots the mark, 
and  raise  the risk 
that a housing slowdown
 could turn into a housing collapse"

---------  heeeeeeeeee haaaaaaaaaaaaawwww  heeeee haaawwww-------          

------ oh dear 
    u be johnny sky fall 
              after all   -----------------------.
 
-----------------------------------------------

  --------- but here's 
              a  poop scoop --------------.

" Ending the Party:
     Given the potentially
  destabilizing pattern 
of increased spending 
            housing 
the Fed may decide to end 
the party a little earlier."

----------now yer talkin 
intervene
put the fucker out of its misery ----------------


" The method would be a “surprise” 
in the form of a 50-basis-point increase
 in the fed funds rate sometime 
this fall"

---------------
50 bp's 
 zoioiio ii- ing 

mr magoo...

       we need....

1000 bps 

yah baby ...

lets ice age 
       this mother fucker --------------

 ---------------------------------------------

pps:


--------- the  man's got
              no sense 
               of the targeted


            "  ready 
                 the reg zapper
                             Beans"
 
                   -----------------.