“But if houses don’t become cheaper and wages don’t rise, what is actually achieved by…”

September 23 Comments Off on “But if houses don’t become cheaper and wages don’t rise, what is actually achieved by…” Category: Feed, Tumblr

“”But if houses don’t become cheaper and wages don’t rise, what is actually achieved by making it easier for people to go into debt to buy them?””

A: Inflation! Making bankers richer! The totally foreseeable detonation of the worldwide economy!

Oh wait…. is this one of those rhetorical questions?

Why Germans pay cash for almost everything

September 19 Comments Off on Why Germans pay cash for almost everything Category: Feed, Tumblr

Why Germans pay cash for almost everything:

As banks, technology giants and would-be disruptors such as Square scrummage over the payment system of the future, German consumers seem perfectly happy with the payment system of the past. Germany remains one of the most cash-intensive advanced economies on earth. On average, wallets in Germany hold nearly twice as much cash—about $123 worth—as those in…

The German word for debt comes from the root word for guilt. Also, a pretty good discussion of ‘everyone’s favorite hyperinflation’. 

“Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative…”

September 16 Comments Off on “Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative…” Category: Feed, Tumblr

“Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative easing). Those far from the spigot (the 99.9%) get nothing but slightly lower interest on their crushing debt.”

‘Janus’ Yellen And The Great Transition From Risk-On To Risk-Off.

“Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative…”

September 16 Comments Off on “Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative…” Category: Feed, Tumblr

“Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative easing). Those far from the spigot (the 99.9%) get nothing but slightly lower interest on their crushing debt.”

‘Janus’ Yellen And The Great Transition From Risk-On To Risk-Off.