l****z
发帖数: 29846 | 1 Last week we saw the Q1 GDP get revised from 2.2% to 1.9% and with inflation
running above 2% we are already in economic decline. Q2 GPD is likely to
be lower than Q1.
We also saw the May jobs numbers come in at 69,000 jobs, which is far lower
than the 150,000 that many economists were hoping for.
What is going on?
We conclude that, contrary to Bernanke, his loose policies didn't save the
US economy from anything. The FED only delayed the massive recession that
is still on the horizon.
The reason the economy cannot recover is because the FED has damaged the
process of real wealth creation.
Bernanke's loose policies have helped to create another bubble at the
expense of wealth creation and thereby setting course for continuous
economic decline.
It looks like I was right in 2008 when I wrote my eBook “Why America May
Never Recover From the Recession”
How Wealth Is Created
Few politicians realize how wealth is created nor do they seem to care. But
they need to start, because their ideas are completely wrong.
Wealth is created by entrepreneurs coupled with investors that have an
opportunity to produce something valuable.
This can only happen when entrepreneurs are allowed to freely innovate
without costly regulations that make it impossible for them to get started.
And money needs to have value, so that investors have a reason to get
involved and entrepreneurs have a reason to borrow it from them.
When interest rates are held at near zero by the FED, the government is not
allowing this to happen.
Over time, the longer the FED holds rates down the culture of entrepreneurs
and investors are destroyed. That is what has happen over the last several
years.
Because of the damage that low interest rates have caused to the culture of
entrepreneurs and their partnering investors, it is going to take extra high
interest rates and massive cuts to regulations to rebuild the damage that
has been done before any new jobs are going to be created again. |
P*********0
发帖数: 4321 | 2 do u know what's bubble burst? |
l****z
发帖数: 29846 | 3 why don't you enlighten me?
【在 P*********0 的大作中提到】
: do u know what's bubble burst?
|
P*********0
发帖数: 4321 | 4 well you seem to have a whole team of T-bag economists backup you up.
I'm nobody.
You bullshit all day long just to spread your message far and beyond, right?
it's a perfect opportunity.
I'm all ears.
【在 l****z 的大作中提到】
: why don't you enlighten me?
|
l****z
发帖数: 29846 | 5 哈哈，叫你出手的时候就装熊了？
看来也不过如此．
right?
【在 P*********0 的大作中提到】
: well you seem to have a whole team of T-bag economists backup you up.
: I'm nobody.
: You bullshit all day long just to spread your message far and beyond, right?
: it's a perfect opportunity.
: I'm all ears.
|
P*********0
发帖数: 4321 | 6 look at this board. It's you who shits around all day with nothing
meaningful.
【在 l****z 的大作中提到】
: 哈哈，叫你出手的时候就装熊了？
: 看来也不过如此．
:
: right?
|
l****z
发帖数: 29846 | 7 呵呵,别转移话题嘛. 要你来enlighten的时候就装熊了?
【在 P*********0 的大作中提到】
: look at this board. It's you who shits around all day with nothing
: meaningful.
|
