Korean Job Discussion Forums

[Reggie]

I wish our lenders would completely stop. Eventually, it's actually going to screw over their own workers even worse than ours.

[mises]

The government is buying the government debt.

http://www.zerohedge.com/article/ultimate-shell-game-federal-reserve-funds-us-deficit

How does this end? Any ideas?

[bacasper]

Isn't this like charging one credit card payment to another card?

[mises]

And when that ponzi scheme weakens, Hope and Change has a new idea:

[jaykimf]

[mises]

It is taxation without representation. Each additional unit created diminishes the value of existing units. This, without the explicit consent and direction of the people, via congress. Complexity, secrecy and a towering wall of propaganda keeps the peasants in line.

So, the hope is that they know what they are doing and have a sophisticated understanding of how the economy functions.

Ben was right!

D'oh

[jaykimf]

[mises]

What does deflation to do a currency? What does QE do to deflation? If you slow deflation, what have you done to the currency? Please, think it through before trying to find an error.

[mises]

Also, contribute something. The whole peanut gallery thing is obnoxious. If you have an alternative set of assumptions and ideas, let them be known.

[jaykimf]

[mises]

The dollar is down 14% or so since March 5th (DX). My local pub raised prices. Meat and eggs are a touch more expensive lately too. Gas is up. Yet credit contracted by hundreds of billions and house prices are down 40% or so in many areas. Domestic deflation and global commodity inflation? That's the current situation. I guess that's my opinion. The devalued dollar goes to Goldman's et al who throw it into commodities etc.


(The Saturday, Dec 26 ep)
http://www.financialsense.com/fsn/main.php

[mises]

Unexpected to whom?

http://finance.yahoo.com/news/Retail-sales-unexpectedly-rb-2844458830.html?x=0&sec=topStories&pos=main&asset=&ccode

[mises]

Isn't this nice?

http://rawstory.com/2010/01/wall-streets-payout-145-billion/

[mises]

To pad the latest and terrible unemployment numbers, the BLS removed fully 1% of the American labor force.


Americans are coming to their senses:

WSJ:

[Pluto]

I have reading some of what Seeking Alpha has to say, and it isn't pretty. There is a lot of talk about the coming double dip from the writers at Seeking Alpha. Still, many of the financial pundits in the mainstrema financial media are claiming that we are returning to an economic period of normalcy. I doubt such assertions. For one, the fed, for now, seems commited to ending its quantitative easing program by 1Q's end. What will then happen to all of the mortgage backed securities? We may as well turn them into toliet paper because they will be useless. Although, it isn't the paper, rather what the paper represents that should be troubling. There is an oversupply of about 20m houses throughout the US. Fiscal policy, through Washington's stimuli, Fred, Fan and the rest seem hell bent on propping up housing prices. This charade an't go on forever. the printing presses simply just can't go on ad infinitum and taxpayers can only fork over so much money before the federal government's solvency becomes an issue. So the question is this: At what point do we just let the housing prices fall to where we can get a good understanding of what prices should be? When will the markets clear? Where should I park my money to hedge against the oncoming storm? How painful will all of this be?

http://seekingalpha.com/article/181020-potential-for-double-dip-increases-as-stimulus-fades