You shouldn't like it. It's being used against us. If deficit terrorists actually believed their own nonsense, then the system would have collapsed. We would be better off if they believed their own lies rather than using Neo-Chartalism to create limitless asset bubbles and diverting all purchasing power to the super rich.
MMT advocates for perpetual extreme inequality and US financial imperialism, and the use of exploited labour to prop the system up. It is an ideology masquerading as dispassionate description.
It talks about its rules applying to any fiat currency, when in reality it is only describing the current US dollar-based global empire, which is only maintained through coercion and violence, not economic axioms.
MMT pretends its rules apply to the other major fiat currencies, but ignores the fact that these countries, like the UK, Canada and Australia, only enjoy their privileged position by operating as US vassals. If any of these countries tried to use MMT theories to transform their societies into worker havens, then they would be confronted by an angry and vengeful American god which would swiftly turn their currency into toilet paper.
MMT advocates for an essentially fascist system of not only the officially sanctioned privatisation of profits and socialisation of risk, but the limitless provision of capital to generate these profits. Nothing about that is good for workers.
Hey @Lars R. Biden this guy is tired of corruption and cronyism in America and thinks Canada is the answer. Lol.People are being evicted, foreclosed on, and those who arent are behind in ren
Of course assets are doing well due to the socialism for the rich 12 years ago
I expected a hufe reversal every year through 2015, and then i realized the government is fine letting the poor starve and go bankrupt. But the government will not let thst happen to coporations
And not only will they bail out failed corporations, they will use it as an opportunity to help the insiders of those corporations (their donors) make even more money in bad times than good by printing money for them
So in terms of inflation on staples, no chance. Real unemployment is way too high. At great depression levels probably
In terms of asset inflation. In theory yes, but crony capitalism wont let assets fall. And if they do fall, the cronies will do more socialosm for the rich to bring then back up and beyond where it fell
Fuck america lol
K @kaladin stormblessedHey @Lars R. Biden this guy is tired of corruption and cronyism in America and thinks Canada is the answer. Lol.
You mean the othersK @kaladin stormblessed
Oh, my sweet summer child, what do you know of fear? Fear is for the winter, my little lord, when the snows fall a hundred feet deep and the ice wind comes howling out of the north. Fear is for the long night, when the sun hides its face for years at a time, and little children are born and live and die all in darkness while the direwolves grow gaunt and hungry, and the white walkers move through the wood.
I understand that if any more words come pouring out your cunt mouth, I'm gonna have to eat every fucking chicken in this room.K @kaladin stormblessed
Oh, my sweet summer child, what do you know of fear? Fear is for the winter, my little lord, when the snows fall a hundred feet deep and the ice wind comes howling out of the north. Fear is for the long night, when the sun hides its face for years at a time, and little children are born and live and die all in darkness while the direwolves grow gaunt and hungry, and the white walkers move through the wood.
HahahahaI understand that if any more words come pouring out your cunt mouth, I'm gonna have to eat every fucking chicken in this room.
keep going pleez with the taleK @kaladin stormblessed
Oh, my sweet summer child, what do you know of fear? Fear is for the winter, my little lord, when the snows fall a hundred feet deep and the ice wind comes howling out of the north. Fear is for the long night, when the sun hides its face for years at a time, and little children are born and live and die all in darkness while the direwolves grow gaunt and hungry, and the white walkers move through the wood.
Still waiting for GRRM to write itkeep going pleez with the tale
it helps me sleep
The next line was Bran responding to the Frey woman, saying: "you mean the others" as i responded to the president abovekeep going pleez with the tale
it helps me sleep
I got itThe next line was Bran responding to the Frey woman, saying: "you mean the others" as i responded to the president above
But none of you fucks know "A Song of Ice and Fire" well enough to have realized what i was saying
UGH! Blyat!!!
Sleep well, my sweet summer child
View: https://youtu.be/aC7qh8gFbhQ
I got it
I used to have the first edition of a game of thrones but my dog ate it. I read it in 1996
do not ever step to me like that again
Which dog?I got it
I used to have the first edition of a game of thrones but my dog ate it. I read it in 1996
do not ever step to me like that again
The move higher in rates is unnerving investors fearing it could be driven by inflation rather than economic recovery. The 10-year yield ended January at 1.09%. It closed 2020 well under 1%. So it's moved more than a half percentage point in under two months, quite rapid for the bond market and relative to rates at these historically low levels.
"To be sure, if bond yields continue to rise and there is a smooth rotation out of growth and defensive stocks into value and cyclical stocks, the Fed will remain sanguine," strategist Albert Edwards of Societe Generale said in a note. "But the risk is growing that with so many bubbles blown by the Fed something will burst soon."
The move marked the first time the 10-year has traded above 1.5% since Feb. 21, 2020. The rise in Treasury yields lifted the entire curve, with short-term and medium-term yields rising as well.
Market-based measures continue to show signs of inflation pressures.
Though consumer prices were up just 1.4% from a year ago in January, recent indicators of retail sales, durable goods purchases and service sector prices have shown inflation in the pipeline. The 5-year breakeven rate, an indicator of the bond market's expectations for inflation, rose to 2.38% Wednesday, its highest level since before the financial crisis of 2008.
Did the headband dude coin the phrase stonk market or has that always been a thing?10-year Treasury yield jumps to a one-year high of 1.6%, a rapid move unnerving investors
The 10-year traded as high as 1.614% during the session, which was the highest level since Feb. 14, 2020.www.cnbc.com
“As I see it, Powell and Biden are doing the right thing. I don’t mind a little inflation now and then,” but “investors are selling bonds, pushing long-term interest rates higher,” Cramer said. “When that happens, stock buyers pull back. They always do.”
“And they pull back hard on high-growth stocks that pay a high price in times of inflation,” he explained. “That’s what happened today.”
The market decline consumed all corners of industry. All 11 S&P sector indexes were in the red at the close, with the consumer discretionary and tech segments falling more than 3%. Out of the 30 stocks in the Dow index, only Merck, Johnson & Johnson and 3M managed to have a positive day of trading.
Welp back to the drawing board@Splinty @kneeblock
Stocks tumble as Powell signals inflation is ahead
US stocks tumbled Thursday after Federal Reserve Chairman Jerome Powell predicted an increase in consumer prices this summer — something investors fear will force interest rates up sooner than expected.www.cnn.com
Let's hope the fiscal policy rises to the occasion.@Splinty @kneeblock
Stocks tumble as Powell signals inflation is ahead
US stocks tumbled Thursday after Federal Reserve Chairman Jerome Powell predicted an increase in consumer prices this summer — something investors fear will force interest rates up sooner than expected.www.cnn.com
All of my hope has been crushed and taken from meLet's hope the fiscal policy rises to the occasion.