What Are You Doing Right Now? (286 Viewers)

[The Curr]

Ahoy hoy.

 

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[ßöмßäяðîëя]

Ahoy, Paloy!

 

[Ken]

Evening.

 

[The Curr]

I finished my exams for the second time today (failed two of them the first time and had to repeat those two).

Galway United beat Liverpool by the way.

 

[Bjerknes]

Only an hour to US vs. Brazil.

Is Jones going to play?

 

[The Curr]

Only an hour to US vs. Brazil.

Is Jones going to play?

I'm going to watch that if I can get a stream.

 

[Bjerknes]

There should be plenty.

 

[Sheik Yerbouti]

Andy, did you see my question 2 pages ago?

 

[Nicholas]

I'm out night all.

 

[Bjerknes]

Andy, did you see my question 2 pages ago?

I responded before that.

Central bank policy announcement was today.



I'm not familiar with the Indian economy, but out west we will probably see negative GDP when government stimulus dries up. The data seen recently has shown we face tons of problems in the short and long term. There isn't any real recovery as long as unemployment remains high, no matter the GDP number.

 

[Alen]

Is Jones going to play?

Aren't you the one of all people here who should know that?

 

[ßöмßäяðîëя]

Yea, SURUSSRY!

 

[Bjerknes]

Aren't you the one of all people here who should know that?

Apparently not.

I read something about him perhaps not playing. Hopefully he will play as I'm dying to see how he does.

 

[Sheik Yerbouti]

I responded before that.

Must've missed that post. Makes sense. I guess your govt. or whoever is responsible will try to keep the unemployment as less as possible, thus making things worse?

 

[Bjerknes]

Must've missed that post. Makes sense. I guess your govt. or whoever is responsible will try to keep the unemployment as less as possible, thus making things worse?

It's more about the debt that needs to clear the system. The government will spend more and more on unemployment benefits, other "stimuli," and bailout more failed institutions, which will increase the deficit, while the private sector continues to lose jobs because demand isn't there. The government has tried to re-inflate credit expansion at a time when it must contract, so yes, they will make the problem worse. That's the faux-Keynesian way.

This sort of approach has never worked, and in fact we told Japan not to do it in the 90's. Then they had their "lost decade" filled with zombie banks and lethargic growth. The problem we face this time around is that not only consumers are broke, but so are cities, states and the overall government. That's why I think this will turn out worse than Japan.

 

[Sheik Yerbouti]

It's more about the debt that needs to clear the system. The government will spend more and more on unemployment benefits, other "stimuli," and bailout more failed institutions, which will increase the deficit, while the private sector continues to lose jobs because demand isn't there. The government has tried to re-inflate credit expansion at a time when it must contract, so yes, they will make the problem worse. That's the faux-Keynesian way.

This sort of approach has never worked, and in fact we told Japan not to do it in the 90's. Then they had their "lost decade" filled with zombie banks and lethargic growth. The problem we face this time around is that not only consumers are broke, but so are cities, states and the overall government. That's why I think this will turn out worse than Japan.

I'm guessing there was no other way you could explain that to a layman like me other than keeping it simple. But I get what your saying. Thanks.

 

[Sheik Yerbouti]

Gonna play some PES and go to sleep. Goodnight folks.

 

[Bjerknes]

Think about it on a personal level. If you're already maxed out on your credit cards, the answer isn't getting yet another credit card and maxing that out, too.

Night.

OK, time for some chicken and burgers before the match.

 

[ßöмßäяðîëя]

Playing some FM, and about to watch the game.

Also drinking mad Coors Lights...

 

[Dragon]

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