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Debt, defaults, and devaluations: why this market crash is like nothing we've seen before
The Telegraph ^ | 6 Feb 16 | Mehreen Khan,

Posted on 02/06/2016 6:42:17 AM PST by SkyPilot

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To: PIF

On the 70’s the trade SURPLUS was report almost every night. Even with oil imports we STILL had a trade surplus in the 70’s.


21 posted on 02/06/2016 7:30:42 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: SkyPilot

When orders for durable goods decreases unemployment goes up in - China.


22 posted on 02/06/2016 7:32:11 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: kearnyirish2

One of those administrators is Goldman Sachs. They make millions facilitating transfer payments.


23 posted on 02/06/2016 7:33:42 AM PST by Original Lurker
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To: SeeSharp

I just lost the body of the comment I spent time on. So this will have to make do.

You are conflating two things real money with printed money - aka quantitative easing.

New money is generated through export of things made - we no longer make anything - everything we used to make has been shut down by liberal policies (Rep & Dem). We are at best a service nation where the lion’s share of jobs are menial.

Hope this helps - sorry I lost most of this comment.


24 posted on 02/06/2016 7:34:00 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: uncitizen

They are not viewed as important by the media like the real unemployment rate which is near 32% not 4.9%. It goes on - the massive effort to deceive the public which bears the brunt of decades of destructive policies.


25 posted on 02/06/2016 7:36:46 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: PIF

Yes, I waited for your reply. Think: creating WEALTH vs. adding monopoly bills to the system.


26 posted on 02/06/2016 7:37:10 AM PST by gloryblaze
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To: central_va

And it was the largest BofT in the world ... is it bigger than a ripple now?


27 posted on 02/06/2016 7:38:35 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: mrsmith

Service sector is value added and doesn’t really create wealth it just transfers it around. Wealth is created ( i.e. something of value is created from nothing ) in only three ways; mining, manufacturing and growing (agriculture).


28 posted on 02/06/2016 7:40:23 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: gloryblaze

Some people thing that wealth is created by printing money - an illusion which catches up (see impending crash) and makes everything more expensive. However, the proponents feel really good about themselves behind their rose colored glasses ...


29 posted on 02/06/2016 7:41:24 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: kearnyirish2

Don’t forget laundromats and lottery ticket sales. ;-)


30 posted on 02/06/2016 7:45:12 AM PST by Kudsman (Beware the disruptors! Are they REALLY supporting a candidate, or are they gop-e or rat operatives?)
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To: PIF

The LSM know which figures they can focus on and which are better left unsaid. Cowards, all of them.

Only some of the New Media is willing to take this on. But even then there’s not much of it because economics is complicated and it’s easier to talk about simple politics and besides most Americans don’t understand economics anyway nor do they want to be bothered about it.


31 posted on 02/06/2016 7:48:55 AM PST by uncitizen (TRUMP THE SYSTEM)
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To: PIF

The LSM know which figures they can focus on and which are better left unsaid. Cowards, all of them.

Only some of the New Media is willing to take this on. But even then there’s not much of it because economics is complicated and it’s easier to talk about simple politics and besides most Americans don’t understand economics anyway nor do they want to be bothered about it.


32 posted on 02/06/2016 7:51:04 AM PST by uncitizen (TRUMP THE SYSTEM)
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To: SkyPilot

About the only industry in a “boom” is firearms manufacturers.


33 posted on 02/06/2016 7:54:07 AM PST by Gritty (Syrians aren't Jews fleeing Nazi Holocaust but Nazis relocating from a bombed out Berlin-DGreenfield)
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To: SeeSharp
You need to "think over" the terminology,

ie. real vs. physical.

34 posted on 02/06/2016 8:13:11 AM PST by skimbell
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To: central_va

Well, they create ‘some’ wealth by making wealth production more efficient. But it’s an order of magnitude less than what production creates.

A good example I think is that a producer getting a prepared meal and using the saved time to do something more productive increases wealth marginally.
A prepared meal bought by a person who uses the saved time to goof off doesn’t at all.
Yet both transactions are in the consumer service sector.
And some service sector is needed for wealth production to occur, and occur efficiently.
But production is the only ‘engine’ that will grow wealth.


35 posted on 02/06/2016 8:25:32 AM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: SkyPilot
And the Third Worlders bring with them an insatiable appetite for 'free' entitlements, which our Soros/Obama/Merkel world is more than willing to give them.

McCain and Paul Ryan will cut social security, strip money from vets, let roads and bridges crumble while throwing American citizens under the bus to save the free ride for every illegal who can walk across our border.

Why?

McCain's, Ryans, and Democrats have one RELIGION and ONLY one religion and that's CHEAP ILLEGAL LABOR. Eff 'em.

36 posted on 02/06/2016 8:38:20 AM PST by GOPJ (Stephanopoulos's moderating the Republican debate because Bill Clinton and David Axelrod were busy)
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To: kearnyirish2
"Wlfarians!"

I really like that term. I'm going to use it and see if it catches on. I will of course give you credit. May your FR handle become as well known as "Buckhead" and "Aliveritas."

37 posted on 02/06/2016 8:53:44 AM PST by fini
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To: Kudsman

Very true; both big items in my area as the percentage of the non-contributing segment of the population grows.


38 posted on 02/06/2016 9:05:34 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: fini

You flatter me; thank you!


39 posted on 02/06/2016 9:05:57 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: expat_panama
FYI
40 posted on 02/06/2016 9:14:22 AM PST by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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