http://www.dw.de/g20-leaders-vow-to-raise-collective-gdp-by-2-percent-in-five-years/a-17451748 Australian Treasurer Joe Hockey, described this as "unprecedented." Does this mean US Fed tapering is going to be put on hold? What do you think this means for global central bank monetary policy? What do you think this means for PM prices over the next 5 years? IMF forecasts global growth of 3.75 percent for this year, going up to 4 percent in 2015. The report says that reforms include: - liberalizing product and labor markets, - lowering trade barriers, - bringing more women into the workforce - boosting investment in infrastructure.
They are all fools and we are the ones bearing the brunt of the joke. The IMF guesses and then revises with another guess. This is pushing the debt cart along the road. Guess who finances 'infrastructure'. Guess who benefits from lowered trade barriers. Where are the jobs for the men, let alone more women entering the workforce- which is just code for you're all going to work for peanuts now anyway until you die early through stress and malnutrition: As exemplified by 'liberalizing product and labor markets'. Read that as allow dumping and eliminate union conditions. Source: IMF Forecasts and Revisions http://www.zerohedge.com/news/2013-10-08/hilarious-charts-day-imfs-growth-forecasts-over-time I am now convinced that Hockey is a tool.
Sounds much more positive saying add 2 trillion than borrow 2 trillion. Smoke and mirror is part of the game on public relation.
Nominal GDP but not real GDP. GDP on the expenditure side simply explains where the output from the supply side went. The supply side is the thing that actually produces stuff and real GDP can only actually increase if you increase supply. Demand is an accounting item.
Maybe that is one benefit of me not having any spare cash in my account of late. I'm guessing though that you are talking about the money in my super account.
No no... I meant the money in your everyday savings account. Superannuation is more difficult as wealth is less liquid being tied up in investments that would have to be liquidated. But with bank accounts... they can access the money with just a few keystrokes.
The Financial Review is applauding loud and long and welcoming the announcement. They also have an article supporting workplace reforms and taxation reform - including GST to 15% and GST on fresh food. What this means of course is we are starting up the inflation machine (got your metals yet) and since the IMF knows stuff all about what is going to happen globally - as evidenced by their predictions - and Hockey et al are following the central bank globalist playbook - the return to the seventies that I was worried about is looking like a sure thing. Kiev has just fallen which means a new mob of loonies are in charge of Europe's gas supplies. The middle east is as crazy as it's ever been and the so called 'emerging economies' seem to be in currency meltdown or civil unrest meltdown. Things look wobbly to say the least. Gird your loins, pull up the drawbridge and get ready for the rot of stagflation. It's on the way.
