MikePMoffatt
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@ Agreed, he's not the best representative, but it's from the orthodox thinking of the school.
less than a minute ago
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in reply to michael_r_smith
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@ See here:
2 minutes ago
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in reply to michael_r_smith
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@ Have to figure much/all coming from eurozone periphery - especially Spain.
5 minutes ago
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in reply to MikePMoffatt
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@ Yeah, that's exactly the problem.
6 minutes ago
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in reply to jordynmarcellus
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@ I think people are betting on euro breakup and subsequent appreciation of new DM
7 minutes ago
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in reply to MikePMoffatt
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@ Yeah. Swiss and Danish yields also negative. Craziness.
6 minutes ago
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in reply to stephenfgordon
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@ But Schiff said there'd be a huge *price* inflation, which ended up being horribly, laughably incorrect.
8 minutes ago
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in reply to michael_r_smith
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We're making the same monetary policy mistakes we did in the 1930s (and in the 1990s in Japan). There's absolutely no excuse.
9 minutes ago
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I think I'm going to be ill. How is this not the biggest story anywhere? Why are we not grilling our central bankers?
9 minutes ago
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@ Basically means investment climate so bad, people paying for the privledge for government to look after their money.
10 minutes ago
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in reply to c_9
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Wow, German nominal yields went NEGATIVE?!? today: @
12 minutes ago
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@ I need to develop a tautological model. It would come in handy.
12 minutes ago
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in reply to dgardner
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@ Rubin's model suggests high oil prices causes low oil prices. Hard to see how that's possible.
13 minutes ago
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in reply to dgardner
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@ Yes, exactly. I should diagram and video it. Basic AD/AS model.
15 minutes ago
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in reply to dgardner
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@ His theory makes no sense. A supply-side shock due to oil should look something like stagflation. US has record low inflation.
16 minutes ago
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in reply to dgardner
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@ You can have asset bubbles in a low inflation environment. I don't think anyone denies that.
17 minutes ago
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in reply to michael_r_smith
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@ But if you're going back to the 1970s RE: Keynesians, yes, I'd agree.
26 minutes ago
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in reply to michael_r_smith
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@ Sure, the Austrians have got a number things right. But their monetary policy analysis has always been poor.
26 minutes ago
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in reply to michael_r_smith
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@ When have we had high inflation in the last 30 years?
27 minutes ago
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in reply to michael_r_smith
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@ What I'd love to see the Austrians explain to us why all the inflation they predicted never happened.
31 minutes ago
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in reply to michael_r_smith
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- Name Mike Moffatt
- Location London, ON
- Web http://www.ivey.u...
- Bio Assistant Prof/Economist at the Richard Ivey School of Business, businessman, venture capitalist & dodgeball's answer to Gordie Howe. See link for contact info.
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