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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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<blockquote data-quote="Jon" data-source="post: 414341" data-attributes="member: 6747"><p>I'm still wayyyy ahead on home equity, it's a California.</p><p></p><p>Yup, the Fed has never really had to worry about deflation in the past . Greenspan can learn a few things from Japan and the liquidity trap they've been experiencing for the last year or two. But we are far from deflation, thankfully. Yes, prices for some goods are dropping but mostly due to sales incentives like rebates in the auto industry. Overall, we are still running 1-2% inflation which is a good standard. Yes, capitol is leaving (the US) since interest rates are currently higher in both Canada and EMU but that's normal, trillions are traded everyday in the capitol markets --it's the ebb an flow of int'l money.</p><p></p><p>Switching from Gold to fiat money gives the central bank (the FED here in the US) the ultimate power. Matter of fact, monetary policy is THE most effective way to stabilize the economy. Strangely, it is more effective when contracting than expanding. But that's another matter. If anyone is interested I can elaborate about the benefits of NOT having a gold standard.</p><p></p><p>Actually, they don't print money. The Bank of Canada, for instance, buys and sells gov't bonds to member banks from it's own asset reserves. Nothing is created from thin air. The Bank of Canada can't print money, that's the job of the Gov't. Neither can its US counterpart the "FED" (Federal Reserve).</p><p></p><p>You do make a good point about jobs. At least here in the US we are having higher than normal unemployment. Towards the end of the year we will come out of the recession and jobs should pick up to natural levels.</p><p></p><p>But why are you so worried, you're Canadian, right? You guys are doing very well by comparison!:coolman:</p></blockquote><p></p>
[QUOTE="Jon, post: 414341, member: 6747"] I'm still wayyyy ahead on home equity, it's a California. Yup, the Fed has never really had to worry about deflation in the past . Greenspan can learn a few things from Japan and the liquidity trap they've been experiencing for the last year or two. But we are far from deflation, thankfully. Yes, prices for some goods are dropping but mostly due to sales incentives like rebates in the auto industry. Overall, we are still running 1-2% inflation which is a good standard. Yes, capitol is leaving (the US) since interest rates are currently higher in both Canada and EMU but that's normal, trillions are traded everyday in the capitol markets --it's the ebb an flow of int'l money. Switching from Gold to fiat money gives the central bank (the FED here in the US) the ultimate power. Matter of fact, monetary policy is THE most effective way to stabilize the economy. Strangely, it is more effective when contracting than expanding. But that's another matter. If anyone is interested I can elaborate about the benefits of NOT having a gold standard. Actually, they don't print money. The Bank of Canada, for instance, buys and sells gov't bonds to member banks from it's own asset reserves. Nothing is created from thin air. The Bank of Canada can't print money, that's the job of the Gov't. Neither can its US counterpart the "FED" (Federal Reserve). You do make a good point about jobs. At least here in the US we are having higher than normal unemployment. Towards the end of the year we will come out of the recession and jobs should pick up to natural levels. But why are you so worried, you're Canadian, right? You guys are doing very well by comparison!:coolman: [/QUOTE]
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