Comments on: Australia raises rates; Deflation threat? What deflation threat? http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/ Financial War Reports Mon, 13 Feb 2012 10:21:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Majestic http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32604 Majestic Wed, 07 Oct 2009 21:32:52 +0000 http://maxkeiser.com/?p=3134#comment-32604 I'm a philosopher (by degree major) and not an economist; but as a thoughtful Australian, I think Steve's views are going to be 90% 'on the money'. Eeeek! I’m a philosopher (by degree major) and not an economist; but as a thoughtful Australian, I think Steve’s views are going to be 90% ‘on the money’.
Eeeek!

]]> By: Mary http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32348 Mary Wed, 07 Oct 2009 06:38:38 +0000 http://maxkeiser.com/?p=3134#comment-32348 "Do you find it perplexing that the same people and institutions that told us that there was nothing to worry about, that the financial fundamentals were fine, and that there was no reason to be concerned about an economic crisis are the same people who are saying the worst is over, the recession has ended, and that their solutions to the crisis have worked?" (http://www.thedeflationtimes.com) I do. I also believe that deflation is a threat that goes beyond what those in power will do to try to stop it. Deflation can lead to a depression and given the scope of this financial crisis we'll be there soon. Ouch! “Do you find it perplexing that the same people and institutions that told us that there was nothing to worry about, that the financial fundamentals were fine, and that there was no reason to be concerned about an economic crisis are the same people who are saying the worst is over, the recession has ended, and that their solutions to the crisis have worked?” (http://www.thedeflationtimes.com)

I do.

I also believe that deflation is a threat that goes beyond what those in power will do to try to stop it. Deflation can lead to a depression and given the scope of this financial crisis we’ll be there soon.

Ouch!

]]> By: Ilya Kuryakin http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32304 Ilya Kuryakin Tue, 06 Oct 2009 23:56:05 +0000 http://maxkeiser.com/?p=3134#comment-32304 Furthermore, if one were to take Mish's argument to it's logical conclusion, then if oil was priced in USD @ $100 TRILLION per barrel, Zimbabwe-style, the USD would STILL be the "reserve currency". Sorry, but that is just fucking insane on it's face. Furthermore, if one were to take Mish’s argument to it’s logical conclusion, then if oil was priced in USD @ $100 TRILLION per barrel, Zimbabwe-style, the USD would STILL be the “reserve currency”.

Sorry, but that is just fucking insane on it’s face.

]]> By: Ilya Kuryakin http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32303 Ilya Kuryakin Tue, 06 Oct 2009 23:50:16 +0000 http://maxkeiser.com/?p=3134#comment-32303 Mish's argument boils down to this: because oil, in the west, has a $ sign preceding it, therefore means the dollar is not going down. I sure hope I don't need to explain how stupid that is. Mish’s argument boils down to this: because oil, in the west, has a $ sign preceding it, therefore means the dollar is not going down.

I sure hope I don’t need to explain how stupid that is.

]]> By: Gerry Bell http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32300 Gerry Bell Tue, 06 Oct 2009 23:26:44 +0000 http://maxkeiser.com/?p=3134#comment-32300 For everyone else it's more a question of damned if they do, damned if they don't. They can run up enormous debt through low rates or let the entire economy collapse promptly with 'reasonable' rates. Oz is obviously more worried by the long-term peril, happy to let it's little cartel of 'local' banks struggle in the short-term. But as I say, their wanking situation not as over-stretched as elsewhere. For everyone else it’s more a question of damned if they do, damned if they don’t. They can run up enormous debt through low rates or let the entire economy collapse promptly with ‘reasonable’ rates.

Oz is obviously more worried by the long-term peril, happy to let it’s little cartel of ‘local’ banks struggle in the short-term. But as I say, their wanking situation not as over-stretched as elsewhere.

]]> By: Nic Abbott http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32102 Nic Abbott Tue, 06 Oct 2009 13:51:22 +0000 http://maxkeiser.com/?p=3134#comment-32102 Just to state the bleedin' obvious, isn't Oz doing exactly what everyone should be doing, raising interest rates and to hell with those who borrowed to much? Just to state the bleedin’ obvious, isn’t Oz doing exactly what everyone should be doing, raising interest rates and to hell with those who borrowed to much?

]]> By: Gerry http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32089 Gerry Tue, 06 Oct 2009 13:34:36 +0000 http://maxkeiser.com/?p=3134#comment-32089 Oz is a special case. Its banking regulations much stricter than the UK or US. Its housing bubble, less prominent or potent. Its economy stands or falls on its ore exports, mainly to China. These remain solid.... However its second biggest trade partner is Japan (lotta farm produce goes there) and this has nose-dived. Higher interest rates/stronger Oz dollar gonna hurt even more there. But the Oz Treasury has stayed on message with its superiors in the northern hemisphere with a hefty stimulus package to the wanking and finance sector and now seeks to forestall a housing or property bubble (just when China is getting VERY bullish about anything equity). Sure they can claim 'the worst is past' 'back to business' if they look no further than their own backyard, but they know this is really burying their head in the sand. Not even China can four-wall on this one. When 'demand' falls, someone is left holding the baby. And before too long that hurts. Oz is a special case. Its banking regulations much stricter than the UK or US. Its housing bubble, less prominent or potent. Its economy stands or falls on its ore exports, mainly to China. These remain solid….

However its second biggest trade partner is Japan (lotta farm produce goes there) and this has nose-dived. Higher interest rates/stronger Oz dollar gonna hurt even more there.

But the Oz Treasury has stayed on message with its superiors in the northern hemisphere with a hefty stimulus package to the wanking and finance sector and now seeks to forestall a housing or property bubble (just when China is getting VERY bullish about anything equity).

Sure they can claim ‘the worst is past’ ‘back to business’ if they look no further than their own backyard, but they know this is really burying their head in the sand.

Not even China can four-wall on this one. When ‘demand’ falls, someone is left holding the baby. And before too long that hurts.

]]> By: larry http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32075 larry Tue, 06 Oct 2009 13:16:00 +0000 http://maxkeiser.com/?p=3134#comment-32075 Glenn Stevens , Governor of the Reserve Bank of Australia is a buffoon who couldn't run a bath , let alone a reserve bank, he totally failed to foresee t or forewarn anyone of the most significant economic events of the last 50 years yet he is listened to by the media who fail to question him about his most obvious failing, sadly,woody allen was right 90 % of life is about turning up. .. Glenn Stevens , Governor of the Reserve Bank of Australia is a buffoon who couldn’t run a bath , let alone a reserve bank, he totally failed to foresee t or forewarn anyone of the most significant economic events of the last 50 years yet he is listened to by the media who fail to question him about his most obvious failing, sadly,woody allen was right 90 % of life is about turning up. ..

]]> By: Youri Carma http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32056 Youri Carma Tue, 06 Oct 2009 13:03:43 +0000 http://maxkeiser.com/?p=3134#comment-32056 Commodities markets have more surprises to unwrap http://tinyurl.com/yhvgb7d Commodity Markets On a Non-Stop Rebound http://tinyurl.com/y8phmup Commodities Sectors Go Their Own Way http://tinyurl.com/yag7gex Commodities markets have more surprises to unwrap http://tinyurl.com/yhvgb7d

Commodity Markets On a Non-Stop Rebound http://tinyurl.com/y8phmup

Commodities Sectors Go Their Own Way http://tinyurl.com/yag7gex

]]> By: Youri Carma http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32042 Youri Carma Tue, 06 Oct 2009 12:51:03 +0000 http://maxkeiser.com/?p=3134#comment-32042 IMF same exact four-step program: 1 Privatization 'Briberization.' 2 IMF/World Bank capital market deregulation allows investment capital to flow in and out the "Hot Money" cycle. 3 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas 4 IMF and World Bank call their "poverty reduction strategy": Free Trade- "The IMF riot." JOE STIGLITZ: IMF same exact four-step program http://tinyurl.com/5rdqkl IMF same exact four-step program:

1 Privatization ‘Briberization.’

2 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.

3 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas

4 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”

JOE STIGLITZ: IMF same exact four-step program http://tinyurl.com/5rdqkl

]]> By: Youri Carma http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32039 Youri Carma Tue, 06 Oct 2009 12:48:51 +0000 http://maxkeiser.com/?p=3134#comment-32039 Worldbank - IMF - BIS Warnings for Future Crises http://tinyurl.com/ydc7n6z Worldbank – IMF – BIS Warnings for Future Crises http://tinyurl.com/ydc7n6z

]]> By: Youri Carma http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32035 Youri Carma Tue, 06 Oct 2009 12:42:59 +0000 http://maxkeiser.com/?p=3134#comment-32035 UK industry weakest since 1987: Manufacturing output collapsed in August http://bit.ly/1DXuBu UK industry weakest since 1987: Manufacturing output collapsed in August http://bit.ly/1DXuBu

]]> By: Mongo http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32025 Mongo Tue, 06 Oct 2009 12:27:17 +0000 http://maxkeiser.com/?p=3134#comment-32025 Look at gold.. we have an inflation in pixels for that goldchart!!! Look at gold.. we have an inflation in pixels for that goldchart!!!

]]> By: Adam Gibson http://maxkeiser.com/2009/10/06/australia-raises-rates-deflation-threat-what-deflation-threat/#comment-32023 Adam Gibson Tue, 06 Oct 2009 12:23:41 +0000 http://maxkeiser.com/?p=3134#comment-32023 sure, Stacy, does it matter where from? I can do it from the UK or China... sure, Stacy, does it matter where from?
I can do it from the UK or China…

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