Strange I was reading what you wrote Paradox and the thought developed in an economic subculture ,, were friends grooups of people would work for the betterment of all a simple example might be if I could buy a product cheaper and then send it to those that wanted the product... setting aside the funds so when there was a product that some one else needed..
With todays computers it would not be difficult to see who held or owed what debt.
this not thought out just an rough idea.
Allan
On Aug 20, 2011 12:27 PM, "paradox" <eadoherty@hotmail.com> wrote:
> I hear you Allan; but this particular current fibrillation is more
> systemic. The perceptual issues arise because we are applying steady-
> state macroeconomic frames to system-wide transition states, and the
> makets just dont get it. So, there's a communications issue right
> there.
>
> The specific challenges for "developed" economies is growth and debt.
> The inverse pressure is particularly intense bcause of the size of
> third party debt obligations (hence the dysfunctional hyper-
> sensitivity to ratings outlooks); as with business cycles, one would
> normally assume greater debt to fund growth to pay down debt; in this
> particular environment, greater debt leads to debt quality uncertainty
> which drives up cost of borrowing, which constrains the growth you
> leveraged for in the first place.
>
> The solution, to me, requires will, commitment, frame breaking, and a
> good deal of creative thinking. FIrst we need to suspend the inflation
> "rule" for a transition window. Then Central Banks need to hold more
> short term sovereign liabilities to provide "breathing space". Then
> Treasuries need to take a scalpel to taxes, particularly but not
> limited to transaction based taxes such as VAT, to spur economic
> activity aggressively. Then to create sovereign long term retail
> income bonds to fund fiscal shortfalls.
>
> Just to be sure, we're here taking about the difference between growth
> rates of 1-2% (current) and 4-5% (target). We're not taking about an
> economic calamity, though you would not know it with the markets and
> media dancing to their own music. It's very useful to bear that in
> mind always.
>
>
>
> On Aug 19, 3:31 pm, Allan H <allanh1...@gmail.com> wrote:
>> My guess is people let them.. they take the word of and ?authority? and call
>> it good. there is no challangee to the those that are creating the problem
>> in the first place.. aka bankers, stockmaarkets, corporations,, greedy
>> individuals
>> Allan
>> On Aug 19, 2011 1:12 PM, "paradox" <eadohe...@hotmail.com> wrote:
>>
>>
>>
>> > Recently, i read of an "authority" on institutional debt proclaim that
>> > a global recession was now inevitable. My first thought was that this
>> > was something of a curious "God like" statement, which was actually
>> > plain and simply wrong. There is actually next to no risk of a global
>> > recession.
>>
>> > How do they get away with stuff like this, i wonder?- Hide quoted text -
>>
>> - Show quoted text -
> I hear you Allan; but this particular current fibrillation is more
> systemic. The perceptual issues arise because we are applying steady-
> state macroeconomic frames to system-wide transition states, and the
> makets just dont get it. So, there's a communications issue right
> there.
>
> The specific challenges for "developed" economies is growth and debt.
> The inverse pressure is particularly intense bcause of the size of
> third party debt obligations (hence the dysfunctional hyper-
> sensitivity to ratings outlooks); as with business cycles, one would
> normally assume greater debt to fund growth to pay down debt; in this
> particular environment, greater debt leads to debt quality uncertainty
> which drives up cost of borrowing, which constrains the growth you
> leveraged for in the first place.
>
> The solution, to me, requires will, commitment, frame breaking, and a
> good deal of creative thinking. FIrst we need to suspend the inflation
> "rule" for a transition window. Then Central Banks need to hold more
> short term sovereign liabilities to provide "breathing space". Then
> Treasuries need to take a scalpel to taxes, particularly but not
> limited to transaction based taxes such as VAT, to spur economic
> activity aggressively. Then to create sovereign long term retail
> income bonds to fund fiscal shortfalls.
>
> Just to be sure, we're here taking about the difference between growth
> rates of 1-2% (current) and 4-5% (target). We're not taking about an
> economic calamity, though you would not know it with the markets and
> media dancing to their own music. It's very useful to bear that in
> mind always.
>
>
>
> On Aug 19, 3:31 pm, Allan H <allanh1...@gmail.com> wrote:
>> My guess is people let them.. they take the word of and ?authority? and call
>> it good. there is no challangee to the those that are creating the problem
>> in the first place.. aka bankers, stockmaarkets, corporations,, greedy
>> individuals
>> Allan
>> On Aug 19, 2011 1:12 PM, "paradox" <eadohe...@hotmail.com> wrote:
>>
>>
>>
>> > Recently, i read of an "authority" on institutional debt proclaim that
>> > a global recession was now inevitable. My first thought was that this
>> > was something of a curious "God like" statement, which was actually
>> > plain and simply wrong. There is actually next to no risk of a global
>> > recession.
>>
>> > How do they get away with stuff like this, i wonder?- Hide quoted text -
>>
>> - Show quoted text -
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