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World Recession Spreads Through Asia, ECB Still Holds Rates Steady
If they didn't stockpile those reserves their currency would be much stronger, and I think deflation would be worse.
Exactly, with all that foreign currency they don't have to really do anything about their deflation for at least 5 yrs. It's just stupid, they are living in a dreamland...
What does the growth in the money supply have to do with it? The Fed is lowering interest rates when the eocnomy is weak and the ECB is not. Money supply doesn't really matter. Interest rates matter. Nobody cares about money supply when they make economic decisions.
Money supply growth is what drives economic growth and inflation you silly. Interest rates matter but corporations and govts don't borrow at a CB, that's why I mentioned govt and corporate bond rates.
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Originally posted by laurentius
Exactly, with all that foreign currency they don't have to really do anything about their deflation for at least 5 yrs. It's just stupid, they are living in a dreamland...
If they reduce their reserves then it will hurt their exports. I don't think they are ready for that. Plus it might mean disaster for the dollar and the world economy.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
Mainstream opinion told me to purchase Enron shares.
I don't believe that. You really get drag when you are tight with the money supply during times of contraction.
Rephrase please.
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Originally posted by Colon
Money supply growth is what drives economic growth and inflation you silly.
Only lower interest rates can drive growth or slow it down. Increased money supply can cause inflation eventually if the economy doesn't pick up, but why are you worried about inflation?
Originally posted by Colon
Interest rates matter but corporations and govts don't borrow at a CB, that's why I mentioned govt and corporate bond rates.
That's what I'm talking about. The're too high.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
Well, I think dollar deserves to go.....In the long run the reforms in japanese economy are extremely important for the global markets. It will hurt a little but, they are the ones who have ****ed things up, so it's really their prob. I mean they still haven't dealt with the bubbles of the 80'ties...
Originally posted by laurentius
Well, I think dollar deserves to go.....In the long run the reforms in japanese economy are extremely important for the global markets. It will hurt a little but, they are the ones who have ****ed things up, so it's really their prob. I mean they still haven't dealt with the bubbles of the 80'ties...
That's a very bad idea. It would probably crush the Japanese economy. That's what we're trying to avoid. Just thought I would remind everyone of that. We are trying to avoid depression.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
Look, to clear things up. Japan should have had a deep depression in early 90', but because of their somewhat closed markets and incredible amounts of foreign currency and assets, they have bee able to avoid the ultimate crash. It's stil coming and the more they postpone it the more harder it will hit em. Possibly so hard that in next 15 years most of the japanese corporations will be taken over by the Chinese.
Originally posted by laurentius
Look, to clear things up. Japan should have had a deep depression in early 90', but because of their somewhat closed markets and incredible amounts of foreign currency and assets, they have bee able to avoid the ultimate crash. It's stil coming and the more they postpone it the more harder it will hit em. Possibly so hard that in next 15 years most of the japanese corporations will be taken over by the Chinese.
It doesn't work like that. Just because you avoid a depression doesn't mean that you will face a worse on in the future. The severity of a depression is largely the result of the policy used to recover from it. If poor policy is used the depression will be deep. The past perfomance really doesn't matter.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
Yep, but the policy japan has taken to deal with their problem is very, very malicious. Everone knows that japan needs extreme measures to keep their head above the water upcoming years. The problem is that not a single goverment has got the guts to actually do anything about it. they juts keep going with same old and hope, or pretend that things will heal themselves. And in this case the past does matter. Japanese banks have hundreds of billions of bad loans. No economy can stand that forever. Not even the japanese. It's a really severly sick economy.
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