« global war on inflation | | substitute for profits »
its all a matter of who goes first
this js paine left at brad sesers sitei liked it
so here it is ....
========================
brad's money line :
"I think they may be looking at only one side of the ledger. I expect that US import growth will slow, at least on a y/y basis. But that slowdown may be matched by a slowdown in US export growth "
and what if we all
get caught
in a global
effective demand down draft ???
to avoid a down spiral
the key here is sequence right ??
the export surplus states
need
to up
their effective demand first
both the induced faster
import growth
and the domestic ex subing
then and only then
should uncle
cut his fiscal deficit
and household credit slurry
so far gentle ben
seems to prefer ass backwards
pain first pie later
there's always
two paths adjustment can take
policy can
speed up the slow rollers
and
temporarily
take the system above trend
or slow the high rollers
and take the system temporarily below trend
bankers prefer below
humanist need to insist on above------------------------
reality on the other hand causes js
to post at the same site later....
are any of you
as sick as i am
of hearing wall street chitter
about
the economy
slowing but not into a recessionwho are those ogres trying to kid here...
they have wet dreams
these days
about a US recession
maybe even a real corker ...and lets face it
thats the quickest surest
time proven
ball busting est way
to make their kind of adjustments
so if they run the show
it seems a contraction here at home
in the cards
as part of the greatglobal rebalancing actyup
beating number one
is for amerika's
job holder households
i say they all got
a seriously nasty
reality check in the mailgoose the be jesus out of em
and
call it a necessary
" equipment adjustment"
come on drop the sober masks
admit ityou can' hear it too
i mean
the cry for
"pain pain pain "coming out of wall street's back rooms
even as the front desk
is still issuing its
"buy now rube " forecasts
------------------
timing ???
well if i was a repug homey
type policy guy
i'd try like hell to squeeze
this domestic mugging
in
sometime
right after the november elections
and hope to get us
back up and roaring again
b4
the summer of 08
--------------
btw
the invasion of china's capital sector
by our finest bankers
may require
a serious recession there
first
so again
another good/bad
reason
i hear wall street
chanting from the glass tower windows"pain pain pain
the planet needs pain "
Posted by lady eve at July 11, 2006 08:27 PM