'dynamic-factor markov-switching model' is the type used for publishing something my econometrics professor would have referred to as the HSI (Horse Shit Index). He actually made statistics amusing, no mean feat there.
The best actual 'lazy tax' IMHO would be a tax on Wall Street transactions, not sure what percentage, probably a small fraction of a percentage would suffice, or maybe have a floor below which it does not apply, anyway, I recall Krugman actually supported this about 20 years ago or so. Imagine him saying that now.
Since the GFC, and increasing with each subsequent bailout of the wealthy, it is. becoming clear that the Treasury, the Fed, and most of the Government will never reduce let alone pay off the Federal. debt. To the contrary, these debts are assets and the primary export of the USA this creating debt. It will keep growing at an increasing rate while the Treasury and the Fed will do everything inn its power to smooth the growing pains. At some point it must matter and something very bad happens likely in some form of a credit crisis or worse, a major war. Throughout this process the Government part of the economy and society constantly grows (like the Blob from the B-Movie cult classic). This behavior is insidious and it infects other policies; including, Non-existent border policies that allow a flood of cheap labor into the country to in theory deflate low end wages (another gut punch to the working class); expansion of welfare programs to in theory support those harmed by the monetary policies but in actually creates a permanent un/under-employed non-productive class. The real plan seems to be an effort to turn most of the country into a permanent renter/share cropper class. It is a gross betrayal of the natural rights and concept of limited government upon which the United States was founded. Most are oblivious to the train wreck awaiting all of us by continuing these terrible policies. Thank you for another great post!
“We are not really anticipating that much trouble within the multifamily portfolio,” he said on Wednesday’s earnings call. “But there’ll be a little bit of noise here and there"
The Borman quote is the most succinct description of our times, what is there if only mirrors?
'dynamic-factor markov-switching model' is the type used for publishing something my econometrics professor would have referred to as the HSI (Horse Shit Index). He actually made statistics amusing, no mean feat there.
The best actual 'lazy tax' IMHO would be a tax on Wall Street transactions, not sure what percentage, probably a small fraction of a percentage would suffice, or maybe have a floor below which it does not apply, anyway, I recall Krugman actually supported this about 20 years ago or so. Imagine him saying that now.
Since the GFC, and increasing with each subsequent bailout of the wealthy, it is. becoming clear that the Treasury, the Fed, and most of the Government will never reduce let alone pay off the Federal. debt. To the contrary, these debts are assets and the primary export of the USA this creating debt. It will keep growing at an increasing rate while the Treasury and the Fed will do everything inn its power to smooth the growing pains. At some point it must matter and something very bad happens likely in some form of a credit crisis or worse, a major war. Throughout this process the Government part of the economy and society constantly grows (like the Blob from the B-Movie cult classic). This behavior is insidious and it infects other policies; including, Non-existent border policies that allow a flood of cheap labor into the country to in theory deflate low end wages (another gut punch to the working class); expansion of welfare programs to in theory support those harmed by the monetary policies but in actually creates a permanent un/under-employed non-productive class. The real plan seems to be an effort to turn most of the country into a permanent renter/share cropper class. It is a gross betrayal of the natural rights and concept of limited government upon which the United States was founded. Most are oblivious to the train wreck awaiting all of us by continuing these terrible policies. Thank you for another great post!
“We are not really anticipating that much trouble within the multifamily portfolio,” he said on Wednesday’s earnings call. “But there’ll be a little bit of noise here and there"
This is going to be wild to watch
Excellent post
Love Yellen's..."wages are going up" The third job has been a savior for people.
Memories of the Jimmy Carter days: "You ever want to smoke a $100 cee-gar, stick with me"