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You forgot to add the Fed's renewed Quantitative Easing in the form of $100s of billions of dollars being pumped into the repo markets, renewed treasury purchases of $60 billion per month, and record balance sheet expansion over the duration of the past 3 months. All for the "greatest economy ever."
Yea, no. The recent efforts in the repo markets are not QE. It's a low information move to claim so.
Yea, no. The recent efforts in the repo markets are not QE. It's a low information move to claim so.
Well ED, I would saying claiming the Fed's record-setting balance sheet expansion over the past 3 months or so is NOT easing is "a low information move."
Anyone actually interested in looking at the facts rather than hearing Fed officials massage the truth about their current easing measures, check it out on their own website:
Well ED, I would saying claiming the Fed's record-setting balance sheet expansion over the past 3 months or so is NOT easing is "a low information move."
Anyone actually interested in looking at the facts rather than hearing Fed officials massage the truth about their current easing measures, check it out on their own website:
A growing balance sheet does not equal QE. It's naive and silly to claim so.
Citing an opinion piece from Bloomberg doesn't cut it for "facts" lol. Come on ED, you have to do better than that. The fact is the Fed is increasing their balance sheet at a record rate over the past 3 months. That is easing. An 8th grader would understand that.
Citing an opinion piece from Bloomberg doesn't cut it for "facts" lol. Come on ED, you have to do better than that. The fact is the Fed is increasing their balance sheet at a record rate over the past 3 months. That is easing. An 8th grader would understand that.
Obviously, you didn't read the piece. Focus on the demand for US money part if you want to learn something.
1. The Green New Deal. The plan misunderstands climate complexity just as much as Sanders’ billionaires narrative misunderstands the economy. But most frustratingly, supporters present a 12-year doomsday clock and then pile on a wishlist of not-even-remotely-related progressive policies.
Worst economic idea is the Republican Party's endorsement of climate change denial.
Doing nothing on climate change is economically destructive, as the increasing frequency and severity of weather disasters destroys businesses, productivity, job losses, bankruptcies, and so on. This isn't speculation, it's been happening over the last several years and it's getting worse. Secondary effects are rippling through the economy now, especially homeowner insurance rates, as the industry is pricing in higher risks due to climate change.
Should Congress ever implement the GND, those abstract ideas will have to be translated into actual real world projects. Constructing green energy power plants and upgrading the national electric grid are stimulative, just as any public infrastructure projects are.
Strong climate action is a net positive for the economy through disaster cost avoidance and the stimulative multiplier effect of new infrastructure.
Worst economic idea is the Republican Party's endorsement of climate change denial.
Very few people deny the climate changes as the climate has changed since the inception of the Earth. The rub is that humans are contributing to said climate change. Because many understand and are leery of the hackneyed tricks the power mongers use for a money grab from the taxpayer.
Very few people deny the climate changes as the climate has changed since the inception of the Earth. The rub is that humans are contributing to said climate change.
There is no "rub." Science has proved, beyond a shadow of a doubt, that human consumption of fossil fuels is warming the planet. We have raised the CO2 level by 40% in 100 years -- it is physically impossible for the planet not to warm when the atmosphere is changed that much.
Climate change is so solid that arguing against it is like arguing against gravity.
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