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Economic Growth-Are lunatics running the economy?
sandid3
Posted: 27 March 2014 14:11:49(UTC)

Joined: 18/02/2013(UTC)
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Excellent Analysis program on Radio 4 this week:

Why Minsky Matters

Stability is destabilising... OMmm
Prof Eman
Posted: 28 March 2014 22:24:11(UTC)

Joined: 08/04/2010(UTC)
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So at which stage of Minsky are we now?
HS2
Pensioners free to spend their savings, which for the majority were never enough to help them survive. Called creation of short term demand and growth before the election for long term pain.
A leg up for builders, to effect a property bubble?
A small handout for manufacturing?
I wonder how much of the stage has been set by the coming election?
I think Minsky's model needs to be modified for political election economics.
And in view of the election are we moving towards the Ponzi stage to be crushed after the election? Stop Go still with us?

Jeremy Bosk
Posted: 29 March 2014 14:08:18(UTC)

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Sandid3

It is an excellent programme.

Prof

The housing market is well into the Ponzi stage.

I think that the pension reforms are long overdue. Many countries already have freedom to either spend or invest your own money on retirement. Those people who have had the foresight (or luck) to accumulate large retirement savings also have the foresight not to spend it all at once.

The fact that these measures will bolster support for the Tories from their wealthier and older constituency is unfortunate but no reason to oppose them. If Milliband wants to grab some votes back from the senile delinquents, he should jump on the band wagon and ask why it took so long and why stop there?

The way that the benefits system works, people with relatively small amounts of cash or equivalent are denied any income support through means testing. So they might as well spend it to get below the £16,000 threshold.

Means testing needs a radical overhaul, or simple abolition, along with evils such as the Bedroom Tax.

HS2 is a project with political support that will create jobs and wealth outside London and the South East. It may not be the best use of funds but getting it scrapped will not guarantee its replacement with anything better, or even as good, for the regions. In this case, the best is the enemy of the good.

Stop Go never left us.

Traitorous politicians will always abuse the economy for electoral purposes.
Jon Snow
Posted: 07 November 2016 00:52:48(UTC)

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My Sunday night.....

A rather apposite newsletter from Howard Marks at Oaktree Capital, posted in May/June 2016, dealing with the economics of politics (hint USA elections).

It's a 14 page PDF, well worth a read and if you can't do 14 pages just read the last paragraph.

https://www.oaktreecapit...mic-reality.pdf?sfvrsn=6
1 user thanked Jon Snow for this post.
Alan Selwood on 07/11/2016(UTC)
CUEBALL
Posted: 07 November 2016 10:51:04(UTC)

Joined: 06/04/2014(UTC)
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My sunday night....

Hot bath in front of fire...Van Morrison on't record player....

Whilst perusing my portfolio of absolute quality companies... I have purchased recently ...with quite astonishig yield differential...(unknown)

Companies whose products and services I know so well ...In fact everyone knows well.....

I'ts just a question of opening your eyes ....they're right in front of your nose.....


On the bright side of the road ...not the dark end of the street.....



Jon Snow
Posted: 07 November 2016 18:19:49(UTC)

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bathnight
2 users thanked Jon Snow for this post.
Sara G on 07/11/2016(UTC), CUEBALL on 07/11/2016(UTC)
CUEBALL
Posted: 07 November 2016 19:04:00(UTC)

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..exactly ..ha ha ha ha.........................aching

Alan Selwood
Posted: 07 November 2016 22:25:37(UTC)

Joined: 17/12/2011(UTC)
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Jon Snow;39118 wrote:
My Sunday night.....

A rather apposite newsletter from Howard Marks at Oaktree Capital, posted in May/June 2016, dealing with the economics of politics (hint USA elections).

It's a 14 page PDF, well worth a read and if you can't do 14 pages just read the last paragraph.

https://www.oaktreecapit...mic-reality.pdf?sfvrsn=6


An excellent piece of simple common sense.

Thanks for the link.
huudi
Posted: 08 November 2016 07:28:59(UTC)

Joined: 11/06/2010(UTC)
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Is this the longest-running blog on record? The answer should have been a simple yes or no. They may enter politics with good intentions but they all succumb to greed and power eventually.
"Power corrupts, absolute power corrupts absolutely", Marx? All our wars are to prevent absolute power.
Vince.
Posted: 08 November 2016 08:58:04(UTC)

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I'm not able to answer many queries re investing, but I am able to tell those who don't know, that the saying about absolute power is from Lord Acton :-)

Vince
Jon Snow
Posted: 15 November 2016 01:09:54(UTC)

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#210 YES.
huudi
Posted: 19 December 2016 00:26:02(UTC)

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Vince.;39171 wrote:
I'm not able to answer many queries re investing, but I am able to tell those who don't know, that the saying about absolute power is from Lord Acton :-)

Vince

Thanks but, who is or was Lord Acton? and being a Lord can we assume he speaks from experience?

How about the Guinness book of records for longest ongoing blog?
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