25 Responses

1. Comment by StockMarketVideo

   

   July 28, 2010 at 2:24 pm

   GREAT VIDEO! Thanks for sharing!

   Happy Trading!

   
   

2. Comment by aviomaster

   

   July 28, 2010 at 3:07 pm

   - Visfen (- Check the facts on USA , and you will understand , place where you live is not bad… acctually is great. Sweden for the people can not be compared to the USA.
   60.000.000 Americans do not have Health CAre Insurance … 80.000.000 do not have Dental and Vision insurance …

   
   

3. Comment by stealthpakfa

   

   July 28, 2010 at 3:15 pm

   that negro has no idea.

   
   

4. Comment by gcizzle77

   

   July 28, 2010 at 4:05 pm

   Yes Zeldy I read and responded, not agreed, not was impressed by your babble. I’ll pose the question to our expert behavioral analyst again. Do people like you realize how little respected and liked you are or are you so delusional to think that people are impressed with you as much as you are with yourself? All you do is play fancy chords but you can’t hear that big slow beat, you should have earned your pins and stripes as the court jester.

   
   

5. Comment by Xasew

   

   July 28, 2010 at 4:42 pm

   1) Wages are pretty much tied to inflation one way or the other, so the ‘benefit’ of inflation in lowering real wages is marginal at best.
   2) Inflation doesn’t affect all prices at the same time, so a few industries(banking comes to mind, but who knows) might have their wages raised, not lowered.
   3) Not all wages need to come down. Some wages might even need to go up. Inflation doesn’t cherry-pick its victims.
   4) If debts can’t be paid off without inflation, I suggest defaulting.

   
   

6. Comment by dylbro

   

   July 28, 2010 at 5:24 pm

   This only works if the quantitative easing is done with saved capital not borrowed money. What the government is doing would be like me going to the bank to borrow a million dollars to keep myself from going bankrupt but go and spend that money on new cars and houses. Works for awhile but eventually you end up much worse… The government is not reinvesting the money for production and an ability to repay what they borrow and they aren’t using saved money because they have none.

   
   

7. Comment by Visfen

   

   July 28, 2010 at 5:57 pm

   Sweden used to be the richest country in the world, now we’re 16th. So are we doing well? Not really, we used to do well, now we’re doing pretty much even.

   Entrepreneurship is dead, basically most of the companies in Sweden comes from our laissez faire era before and during and a few years after WWII.

   Sweden is not a paradise, unless you’re an unproductive moron, then you can live of everyone else.

   The banks aren’t doing so well now either.

   
   

8. Comment by stoneeh

   

   July 28, 2010 at 6:16 pm

   peter DONT INTERUPT. you were already given your time to speak, now it is up to the viewer to make up their mind and decide who is right

   
   

9. Comment by Zeldovich

   

   July 28, 2010 at 6:42 pm

   70% of lending by the biggest 19 banks, rather.

   
   

10. Comment by Zeldovich

    

    July 28, 2010 at 7:29 pm

    What Schiff advocates is to allow for the deflation, which leads to higher unemployment, with obviously lower productivity (GDP) and yet the real value of the bad debt goes up. Meanwhile, he wants to let the biggest 19 banks fail, so that more than 0% of new lending disappears, crippling the ability for other banks to finance taking up the slack. It’s a recipe for depression and a lost 10-15 years of output.

    
    

11. Comment by Zeldovich

    

    July 28, 2010 at 7:59 pm

    monetary policy. Workers are slower to adjust to inflation than most of the rest, hence the simultaneous lowering of real wages and temporary increase in consumption due to noticing rising prices(fearing that bread may cost more next week).

    
    

12. Comment by Zeldovich

    

    July 28, 2010 at 8:44 pm

    Okay, let me break this down. If the Fed explicitly sets a nominal GDP target of say, 5%, then expectations of investors can drive more efficient economic behavior. How? Well, if real GDP is less than 5%, monetary easing makes up the difference. This gives the markets a signal to begin adjusting by negotiating in higher nominal terms, but provides an incentive for short-term increases in consumption due to the temporary price increases on the horizon. As real GDp grow again, Fed can tighten

    
    

13. Comment by Zeldovich

    

    July 28, 2010 at 8:54 pm

    Yet, you read and respond….

    
    

14. Comment by Zeldovich

    

    July 28, 2010 at 9:40 pm

    Look at every other recession on the NBER website. Sure, we get unemployment instead of lower wages, but how does this help pay off bad debts? Don’t we need to work to rebalance the economy? How can we do that as quickly with high unemployment? However, sufficient quantitative easing lowers real wages while keeping people at work, keeping productivity, consumption,and the ability to pay off bad debt up.

    
    

15. Comment by Zeldovich

    

    July 28, 2010 at 10:01 pm

    visfen, your standard of living is very high, isn’t it? Is your financial sector dead? How are your banks doing?

    
    

16. Comment by Zeldovich

    

    July 28, 2010 at 10:48 pm

    I just do research now. I build mathematical models of the deterministic intervening variables between CS, US, and motivation, along with developing models for associationist learning. My approach is from the perspective of the economics of inclusive fitness.

    
    

17. Comment by gcizzle77

    

    July 28, 2010 at 10:56 pm

    “Governments arose to manage surplus output.”
    Take the textbook from in front of your face it has made you blind. Your word is that your a behavioral analyst or retired since April, whatever, but my question is do people like you actually realize how annoying your babble is? How will you reconcile that no one including yourself actually finds what you have to say meaningful? You think that if you had the one ring our world’s problems would be solved while we bow to your mind’s splendor.

    
    

18. Comment by Xasew

    

    July 28, 2010 at 11:31 pm

    Unemployment rises during a bust even if there is no need for wages to adjust downwards, so just by looking at an unemployment chart and concluding that wages didn’t adjust fast enough during a specific period is not very convincing.

    Let’s look at the 1921 recession for example. Quite a collapse(actually prices dropped faster than ever, if we take into account how short it was), and yet unemployment went above 10% for only a couple of months, after which it went down very fast.

    
    

19. Comment by twk373

    

    July 29, 2010 at 12:09 am

    “If we hadn’t bailed out xyz it would have been worse!”

    Idiots!

    
    

20. Comment by HeatForce

    

    July 29, 2010 at 1:04 am

    Oh I don’t doubt there’s money to be made in foreign markets. I’m sure you love the yuan and the yen. The problem though is that the US dollar in iteself is a horrible place to be right now. Besides the $10 trillion debt, what about our obligations being over $60 trillion? Let’s face it, the US has many things going against it right now,

    
    

21. Comment by BlackNapkins86

    

    July 29, 2010 at 1:10 am

    Let the default of the US debt begin, i’m sick of hearing this keynesian deficit/government spending argument. There isn’t enough capital in the world to support 9 trillion dollars of additional spending.

    
    

22. Comment by cyalaterthan

    

    July 29, 2010 at 1:39 am

    You still end up with inflation which is bad for the every day joe blow

    
    

23. Comment by jmanjmanjman

    

    July 29, 2010 at 1:55 am

    *lesser long-term intensity

    
    

24. Comment by jmanjmanjman

    

    July 29, 2010 at 2:30 am

    This is the same Roubini who is 100% long in equities?

    Talk about hedging his bets for his professional career…….

    
    

25. Comment by jarden69

    

    July 29, 2010 at 3:06 am

    For someone who is a “behavioral consultant,” you seem to know little about Behavior, your own in particular. I’m a Behavioral Psychologist and you appear to be someone suffering from a neurotic need to be right. Your arguing and name calling of others shows that you have not mastered yourself and your own behavior, and don’t understand the Psychology behind satisfaction of Psychological Needs. One thing is clear though…You ARE a very bright guy who knows his Economics.