(1) the script by history is that the more money printing, the less benefit for the many and the more goodies for the few
money printing stills long term investments and hobbles useful jobs creation
unclear how more burger-flippers working at more part-time locations traveling longer distances per day helps the situation, and in the mean nasty time difficult to see how the enveloping macro is helped by toxic combo of domestic healthcare nonsense and automation, and continuing strong globalization abroad coupled w/ anti-export measures by the imperial know-nothing congress
(2) i posted too early about the usagi storm's mildness per "inflation is tame" media routine, falling victim to unthink
now, as the storm is perhaps 100 km in the away-direction, the water is just pouring down even though there is a complete absence of wind
am guessing that at some juncture (price) inflation shall be ferocious even as real interest rate remains crippling
of course, in these days of high debt, crippling real interest rate may simply be 0.01% above whatever then inflation rate
i remain undecided between inflation / deflation, because there is no particular need to decide, for both are happening now
(3) given the above, dust / nugt may well be the cloud atm going forward, as i do not actually see the end of actual qe / start of real taper, and i cannot see the fed doing what abe had done, simply printing w/o giving deference to taper talk
cheers, j |
