Could the Weimar Hyperinflation Happen Again in America?

This is a discussion on Could the Weimar Hyperinflation Happen Again in America? within the Economic & Fundamental Analysis forums, part of the Methods category; Originally Posted by new_trader You just can't win with the anti-Capitalists... If people are working 18 hours a day, greedy ...

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Old Sep 14, 2013, 8:04pm   #591
 
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Originally Posted by new_trader View Post
You just can't win with the anti-Capitalists...
If people are working 18 hours a day, greedy Capitalists are accused of employing slave labour.
If a labour saving device is invented, the greedy Capitalists are blamed for creating unemployment.

Q:
So where do you see your correct version of capitalism?

A:
You just can't win with the anti-Capitalists...
If people are working 18 hours a day, greedy Capitalists are accused of employing slave labour.
If a labour saving device is invented, the greedy Capitalists are blamed for creating unemployment.


Mate you arguing with your self in your head or what?

1. I am not anti-Capitalist.
2. I did not call employers of 4 year olds going down coal minds greedy. Point I'm making is it was cost efficient compared to enlarging holes and paying more to get bigger adult bodies down those small holes and dark tunnels. There were no machinery back then to dig coal out of mines.
3. I did not, and do not object but embrace creative destruction as you should know coming from a man in the IT industry and who used to show secretaries how to use word processors for mass mailings.


So ask one of those men in your head known as NT this question please...


So where does NT see correct version of capitalism as per his divine vision of how it should be executed in practice???
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Old Sep 14, 2013, 8:47pm   #592
 
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Can I just point out At they are coal mines not coal minds.
A small error to be sure but.............
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Old Sep 14, 2013, 8:51pm   #593
 
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We all know capitalists are greedy swine with no feelings for others

next question
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Old Sep 14, 2013, 9:01pm   #594
 
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Can I just point out At they are coal mines not coal minds.
A small error to be sure but.............
Thanks Pat, was correct on first use post #587 and then went to pot. Slip of the keyboard so to speak.

Addenda: Just noticed in point 2. I've used it twice once incorrectly. Always wonder how the mind works seeing the sound rather than the written word. Amazing stuff.
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Old Sep 14, 2013, 9:20pm   #595
 
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We all know capitalists are greedy swine with no feelings for others

next question

Going back to Ingot's post, this hyperinflation hasn't developed or progressed as I would have imagined considering the magnitude of the bail out. I think this is due to the transmission mechanism and lack of understanding on my behalf.

I think bond yields are rising for sure and earlier than announced rate rises are being penciled in. Like a tight rope walk governments will have to keep rates negative w.r.t inflation to have a chance of paying debt back.

Not sure how governments will force buyers to step forward with falling bond prices???
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Old Sep 14, 2013, 9:34pm   #596
 
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FFS

Bond prices are falling because investors are selling them!

"How Governments will "FORCE" buyers to step forward"...Spoken like a true Socialist...Government force

Governments need to raise interest rates if they want investors to hold onto the bonds, but because the yields are below price inflation the only people dumb enough to buy them are Central Banks through the process of Q.E, otherwise known as debt monetization. Create money out of thin air and buy the bonds, this IS inflation...FFS!
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Old Sep 14, 2013, 9:42pm   #597
 
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One of the big characteristics of the Weimar period / Great Depression was the euphoria over low borrowing rates. Gamblers borrowed huge sums to gamble on the stock market. All was fine until the bubble burst. The Weimar republic was a perfect storm imho of various negative factors e.g.
1. Losing the war
2. social unrest/communism let the Nazis in
3. Anti Jewish programmes.
4. Collapse of the old order.
5. Rise of anarchy. Berlin was famous for it's libertarian clubs etc.
6. No confidence in a poor leadership.

Yes there seem to be similarities for these days.
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Old Sep 15, 2013, 7:06am   #598
 
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FFS

Bond prices are falling because investors are selling them!

"How Governments will "FORCE" buyers to step forward"...Spoken like a true Socialist...Government force

Governments need to raise interest rates if they want investors to hold onto the bonds, but because the yields are below price inflation the only people dumb enough to buy them are Central Banks through the process of Q.E, otherwise known as debt monetization. Create money out of thin air and buy the bonds, this IS inflation...FFS!

Mr FFS, bond prices are falling because expectation on interest rate rises are built in to the system; is the reason why buyers aren't stepping up to buy them.

Inverse price / yield relationship. Not simply because people are selling them.
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Old Sep 15, 2013, 8:09am   #599
 
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That's new to me...a price just falls all by itself because of expectation! Imagine having the power to change the value of anything by "expectation"...amazing ! There are no buyers buying...but at the same time, no sellers selling...it's all expectation making the price change...

*LOL*


http://www.moneynews.com/Economy/Pim...7/08/id/513852

Pimco US Funds Had Record $14.5 Billion of Withdrawals in June

Quote:
Pacific Investment Management Co., the world’s largest active fixed-income manager, absorbed a record $14.5 billion in net redemptions last month across its U.S. mutual funds as investors fled bonds in anticipation of the Federal Reserve scaling back its asset purchases.
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Old Sep 15, 2013, 8:27am   #600
 
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Originally Posted by new_trader View Post
That's new to me...a price just falls all by itself because of expectation! Imagine having the power to change the value of anything by "expectation"...amazing ! There are no buyers buying...but at the same time, no sellers selling...it's all expectation making the price change...

*LOL*


http://www.moneynews.com/Economy/Pim...7/08/id/513852

Pimco US Funds Had Record $14.5 Billion of Withdrawals in June

Quote:
Pacific Investment Management Co., the world’s largest active fixed-income manager, absorbed a record $14.5 billion in net redemptions last month across its U.S. mutual funds as investors fled bonds in anticipation of the Federal Reserve scaling back its asset purchases.
Agree we are talking about the same thing but to say prices are falling because people are selling is very basic.

Question why, has been answered.

If you read your link, anticipate is to expect right? So why is your first sentence so against expectations with ridicule?

No need to reply as I'm sure even in agreement you'll find something to rant about.
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Last edited by Atilla; Sep 15, 2013 at 10:29am.
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