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Old 03-08-2016, 04:14 PM
 
Location: Yavapai County
749 posts, read 486,793 times
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The whole topic makes me nervous! And according to this guy, we are all in deep doo-doo:

ZIRP & NIRP: Killing Retirement As We Know It | Thoughts from the Frontline Investment Newsletter | Mauldin Economics

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Old 03-08-2016, 04:19 PM
 
72,005 posts, read 72,043,164 times
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Mauldin has been a doom and gloomer as long as i can remember.
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Old 03-08-2016, 04:28 PM
 
Location: Great State of Texas
86,093 posts, read 72,642,479 times
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Quote:
Originally Posted by bigbuglf View Post
The whole topic makes me nervous! And according to this guy, we are all in deep doo-doo:

ZIRP & NIRP: Killing Retirement As We Know It | Thoughts from the Frontline Investment Newsletter | Mauldin Economics

Watch the European and Japanese banks. So far they have not passed NIRP on their customers.
But they are taking losses.

The Japanese are worried though and all the personal safes have been sold out in all the stores

We raised rates here in the US so at least we are not at 0% so there's some buffer here before we go negative. Yellen did say though that NIRP is not off the table.

But for now..shouldn't be any worries about US savings.
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Old 03-09-2016, 10:13 AM
 
519 posts, read 432,262 times
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Quote:
Originally Posted by HappyTexan View Post
Watch the European and Japanese banks. So far they have not passed NIRP on their customers.
But they are taking losses.

The Japanese are worried though and all the personal safes have been sold out in all the stores

We raised rates here in the US so at least we are not at 0% so there's some buffer here before we go negative. Yellen did say though that NIRP is not off the table.

But for now..shouldn't be any worries about US savings.
One day the insanity will stop. If I had to guess it will take the utter destruction of Japanese financial system, which has had a good 20 year head start on the ROW with its through the looking glass approach.

I fervently hope, that while unspoken by FED members, there are a core of them that recognize (hell fear) the futility in the more of the same with no meaningful result of Japan style monetary policy. And, so, are desperately looking for some semblance of "normalized" rates.

But time will tell...
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Old 03-09-2016, 01:45 PM
 
Location: CT
3,461 posts, read 1,862,544 times
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The Mayan's predicted the end of the world thousands of years ago. How many economists have predicted economic collapse, and it hasn't happened yet? Even if you buy into it, you won't be in it alone. If we did collapse, you can't eat money, things better suited to survival will be more valuable.
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Old 03-09-2016, 02:12 PM
 
519 posts, read 432,262 times
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Originally Posted by snowtired14 View Post
The Mayan's predicted the end of the world thousands of years ago. How many economists have predicted economic collapse, and it hasn't happened yet? Even if you buy into it, you won't be in it alone. If we did collapse, you can't eat money, things better suited to survival will be more valuable.
There is a major difference to saying a financial system will collapse and a leap to the world will end. One need only look at Argentina this century and Germany last century to understand it is a very real possibility when economies are managed poorly...
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Old 03-10-2016, 10:37 AM
 
Location: CT
3,461 posts, read 1,862,544 times
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Originally Posted by larsm View Post
There is a major difference to saying a financial system will collapse and a leap to the world will end. One need only look at Argentina this century and Germany last century to understand it is a very real possibility when economies are managed poorly...
The point was that doomsday scenarios have been predicted throughout history, and in many cases it never come to fruition. Argentina's problems stemmed from a coupe, and Germany was still reeling from their defeat in WW I, neither potentiality of our current crisis. Although we have big problems, the US economy is more or less "too big to fail", a collapse of any of the top 3 economies (US, China, European), and we can expect total global collapse, so it's in the global interest for it not to happen. If it did, it's safe to say it's time to press the reset button.
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Old 03-10-2016, 11:24 AM
 
29,866 posts, read 34,936,573 times
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Button ready General, authorization codes entered: We await your command to push!
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Old 03-10-2016, 11:28 AM
 
519 posts, read 432,262 times
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Quote:
Originally Posted by snowtired14 View Post
The point was that doomsday scenarios have been predicted throughout history, and in many cases it never come to fruition. Argentina's problems stemmed from a coupe, and Germany was still reeling from their defeat in WW I, neither potentiality of our current crisis. Although we have big problems, the US economy is more or less "too big to fail", a collapse of any of the top 3 economies (US, China, European), and we can expect total global collapse, so it's in the global interest for it not to happen. If it did, it's safe to say it's time to press the reset button.
Well you'd better buckle up because there remains a high probability that the EU will implode. Will it be the end of the world if it does? No, but it will most assuredly be "fun times".

Regardless, the initial basic point being made is Central Banks, at least those pursuing NIRP for the moment, seem hell bent to ride this policy train to its conclusion. And as always as you barrel down a dark tunnel you have to ask yourself is that faint light you see coming at you daylight or another train heading your way?

I fervently hope the US Central Bank is smart enough to continue to take the spur it has started to follow (lifting rates) and avoids the temptation to veer back onto the main track of NIRP. IMHO nothing good will come of it...
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Old 03-10-2016, 01:39 PM
 
Location: SoCal
13,412 posts, read 6,404,610 times
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There will be no NIRP, in fact I think there will be at least 2 rate raises this year.
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