Spectacular helmet. I mean,
Spectacular helmet. I mean, really beautiful wig. Looks great!
View ArticleWhat Koo is trying to say is
What Koo is trying to say is that debt = pulling demand forward. Genius!
View ArticleSeems like Japan is still in
Seems like Japan is still in recession. Stimulus by the government is useless if it just stimulates the financial sector. There is plenty of money, it's just that the greedy bastards are also stupid...
View ArticleOld Richard Koo video from
Old Richard Koo video from 2010 ... valuable for those not familiar with the quite sharp Koo, but what would be great is for ZH (or Crown Thomas, hint hint) to give Richard Koo an open invitation to...
View ArticleCalling Japan a success is
Calling Japan a success is totally mind-boggling. They face an insurmountable democraphics timebomb that makes servicing their gargantuan debt 100% impossible.The smallest rise in interest rates...
View ArticleThe way I understand it, what
The way I understand it, what Japan did ( increasing the money supply ) to weaken their currency in order to export their way out of their slump worked (somewhat), because other nations were booming....
View ArticleIts a fresh of breath air to
Its a fresh of breath air to hear from someone who actually deals with Reality and understands it...
View ArticleThey can print as much yen as
They can print as much yen as they like; buy back their debt with it, and simply cancel the debt as Ron Paul suggests the Fed should do now, and others in the UK suggest the Bank of England should now...
View ArticleGlad to see someone with
Glad to see someone with sense. The demographic charts should terrify any investor in Japan. Japan is quiet for many reasons - a native affinity for acceptance and suffering along with a near 100%...
View ArticleKoo's first supposition is
Koo's first supposition is where he should stop: "executives that use 1% money to pay down debt are stupid ..." companies don't earn money and are therefore worthless.Here, the debt isn't the problem...
View ArticleIt only worked for as long as
It only worked for as long as it has because they devalued more than everyone else and were able to maintain exports. Now that they are no longer a net exporter, Koo's policy magic will no longer work....
View ArticleJapan's stimulus certainly
Japan's stimulus certainly has not helped the number one showfront of financials - the stock market. It has dropped from 39,000 to 9,000 despite zero interest rates for years and much stimulus. Japan...
View Article+ 1 Brilliant! So if people
+ 1 Brilliant!So if people actually saved the money to buy things the demand would be current and they would be better off as they would not have to pay the interest. Consumers do not have access to...
View ArticleWhat you aim at depleting
What you aim at depleting resources, taking debt to waste resources with no return is not a problem, it is a very welcomed course of action. And US citizens aim at depletion of resources.
View ArticleThey face an insurmountable
They face an insurmountable democraphics timebomb that makes servicing their gargantuan debt 100% impossible. ____________________________________________________ US citizens have dealt with debt as if...
View ArticleKoo claims at the end of
Koo claims at the end of the video that due to fiscal stimulus, Japan was able to "climb out" of their crisis. What he apparently overlooks is that the only thing the stimulus accomplished was to...
View ArticleThis is what happens when you
This is what happens when you think a depression is an avoidable, artificially induced disease, rather than a naturally occurring cure to the true disease of excess debt and financial 'innovation".
View ArticleHe is essentallly correct in
He is essentallly correct in the premise that; if your balance sheet is underwater, people wont loan to you, and the correct action is to pay down your debt. Maybe if he applied his theory a national...
View ArticleDisjointed mild rant to
Disjointed mild rant to follow.Too much vig in the economy. Financialization (corporatism, fascism, NWO,) has permeated all facets of society, you are paying it everywhere. There is a financial...
View ArticleMup Pi, I am in the same
Mup Pi, I am in the same business, engineering. I changed businesses, now I am a Commissioning Agent and no longer design mechanical systems. I started my own business and I am doing just fine.The...
View ArticleI am hoping for deflation and
I am hoping for deflation and planning for hyperinflation.
View ArticleNice interview. Odd to hear
Nice interview.Odd to hear him describe large scale private sector delevering as a "disease."
View ArticleThey couldn't do better than
They couldn't do better than cash for clunkers?! LNG export infrastructure would have been a better place to start...
View ArticleThe US has been bankrupt
The US has been bankrupt while getting new loans since the 70s ...
View ArticleIf you get into the details
If you get into the details of the spending 'stimulus',mostwent to shore up States spending on such vitals as bloated admin.pensions and boondoggles.The money was pissed away..
View ArticleIndustrial activity itself
Industrial activity itself is waste with no return. The only support for industrialization is the taking on of more and more debt. In fact it is the reason for it.So-called 'modern economy' is...
View Articlethe debt spending did not get
the debt spending did not get Japan out of recession... how can continuing to dig holes to climb out of the last one get you anywhere?Koo is a(nother) State-aid moron
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