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hotairmail

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About hotairmail

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  1. http://www.h-l.co.uk/shares/shares-search-...-super-short-2x
  2. hotairmail

    GOLD

    You can't have a nice debate on this forum anymore. I think I'll leave. Dr Bubb - please can you delete my i.d. Thankyou.
  3. hotairmail

    GOLD

    I have changed it to help you.
  4. hotairmail

    GOLD

    I consider liquidity to be infinite not because there exists an infintely large number of notes - but where there is more money (in all its forms) than there is worthwhile investments. This can occur in a variety of ways. Regardless of how it comes about, how does that money (in all its forms) stop becoming worthless, especially if you are getting to the point where it actually costs to hold anything including cash? On the surface this looks to be very similar to a deflationary scenario - except there exists a surfeit of money (in all its forms) as opposed to a shortage. It is a situation where demand is more than met by supply in everything. This may be triggered by very low wage costs, very high profits leading to excess supply and depressed demand eventually.
  5. hotairmail

    GOLD

    My point is let's consider a world where liquidity is infinite and that cpi remains low because of low labour costs. Yields tend to zero and rates remain v. low. But no hyperinflation potentially even in this sort of situation which is supposed to provide the conditions for such.
  6. hotairmail

    GOLD

    In a hyper inflation of assets as yields tend to zero, where would you put your money? Why would you invest? This was the sort of situation faced by Japan which lead to the carry trade. What happens when carry trade options also tend to zero? So you will have had some sort of hyperinflation - i.e. it's already happened but it's difficult for us to see it because we've lived with it and it's been up so close. Pension crises as costs rise as bond yields fall, Equitable going bust because they can't meet 3% return a year in low inflation environment, endowments failing to pay off mortgages, btl's with negative yields. With even more loose money flooding the system, yields could fall even more - witness stock market rises. Even as cpi remains relatively benign. What you then have is lots of cash around but no worthwhile home. What happens then?
  7. hotairmail

    A Christian "Disneyland" in China ?

    There is a very good programme on BBC4 right now called "The History of Christianity". One episode focusing on the Eastern church...orthodox churches tracked the establishment of churches all the way to China but these had subsequently been converted into Buddhist Temples. I recommend watching it - particularly the episode on the Orthodox church. http://www.bbc.co.uk/iplayer/episode/b00nx...pire_to_Empire/
  8. I'm starting to worry about a world where yields tend to zero - and unlike in Japan, there is no yield chasing possible via a carry trade. What do you do with your money then? EDIT: Methinkshe:I was quoting an economic adviser at the Fed - Mishkin. Read in the ft. http://www.ft.com/cms/s/0/98e7c192-cd5f-11...144feabdc0.html You might need a registration. It is also here and elsewhere.... http://www.businessinsider.com/henry-blodg...armless-2009-11
  9. Because it was 'good news'. Different from dollar strengthening on 'bad news' or 'risk aversion'. Fed spoke about raising rates only when unemployment began to fall. The market believes that point might be a bit nearer now after the non farm payrolls today. No guarantee the market will stay that way of course. Good piece by Jack's Wrap last night as to what to look for wrt the reaction to the employment numbers... http://www.swingtradeonline.com/jackswrap/
  10. Non hybrid seeds means you can reuse year after year. http://www.seedfest.co.uk/
  11. hotairmail

    HYPERINFLATION

    That's because the 'bids' disappear or appear with the new info.
  12. hotairmail

    HYPERINFLATION

    I don't agree with that on its own. I think of money and prices the same as any market. You've seen an auction - it is only when bids are made that prices move. This is where the impact of the velocity of money comes in....it is only when money is being spent, i.e. it is moving, it has velocity, it is 'bidding' for something can it affect prices. Obviously, it is also true, that if there exists an abundance of money, that the impact of people's intention to bid can be multiplied. That is why in the paper by Mervyn King in 2002 I posted above that there is little short term correlation between money and prices; but that over the longer term the link becomes increasingly evident. EDIT: re-reading your post's last line, it doesn't seem we are disagreeing.
  13. hotairmail

    HYPERINFLATION

    http://www.bankofengland.co.uk/publication...in/qb020203.pdf
  14. hotairmail

    HYPERINFLATION

    Hmmmm2
  15. hotairmail

    HYPERINFLATION

    Who do you think is stalking you pray?
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