Friday, August 15, 2014

WHAT'S MISSING IN THIS PICTURE?

The Rhyme of the Anxious Government Magician
Jobs, jobs everywhere,
nor any hint of whether they might be private or public sector....


6 comments:

  1. Pretty well guarantee you that if the ratio of private to public was decent they would be bragging about it.

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  2. Students hired on july to count fish and big trees but nothing usefull

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  3. What's missing in this picture?
    From the link:
    The Bank of Canada has kept its key interest rate at near-record lows since September 2010 to try to stimulate growth, and says it will not consider an increase until the economy shows signs of a sustained recovery.

    Savers will continue to be punished with low returns on savings....as inflation chews away at the buying power of those saved $$$$.
    It is on the totally on the backs of the savers that banks are providing the stimulus to spur growth.

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    Replies
    1. I was going to copy/paste this as a quote too. It created an image in my mind of an OR doc shocking a dead man's chest for the 100th time with a defibrillator expecting him to get up and walk away a healthy man. Just stupid.

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    2. And if the revised report doesn't show a positive enough picture ....why then we'll just have to revise it again won't we.

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    3. Yup. John Maynard Keynes himself apparently said that his economic theory should work if central banks/governments print/borrow/spend during recession, but then shrink/repay/reduce during boom times. How often have we witnessed the latter part of his theory implemented in the past 50 years?

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