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Hey folks, I figured it out, it was just consumer credit financing that got curtailed due to the 2005-2007 hike. I finished the article and it can be found here: http://www.rightcondition.com/2012/11/the-2009-credit-expansion-cycle.html
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Thanks for the insight guys, so regarding trading - I once read a book by a trader named John Murphy - his whole idea was that stock moved in a certain identified pattern. He namely said that when the metal/oil sector peaks that is when you know it is over. His idea was rather rudimentary, but he unwillingly touched upon ABCT. He noted that inflation
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anyone?
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Hey folks, So I am going over chapter 20 in HA and am on the trade cycle, specifically the part where Mises describes how certain industries bare the mark of the credit boom. Due to artificial rates the furthest away from the consumer get hit first, then going down the chain the pain becomes less and less as you reach contact with the consumer. This
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That seems kind of....nebuluous.
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So Rothbard himself was uneasy with comparing to GNP, so he worked around it by comparing to net private product. He states: " or for a better gauge, taxes as percentage of net private product fell from 27.2% to 26.6%" Does anyone here know how to calculate or derive net private product? Which I take to mean GNP - Government spending? As to
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bumpplz
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Hey folks, Super quick question. Been debating with a friend of mine over Reagan's accomplishment or lack there of and I presented Rothbard's piece to him. He pointed out that although the tax cuts were marginal, they were still cuts. Rothbard writes: "Taxes fell from 18.9% of the GNP to 18.3%, or for a better gauge, taxes as percentage
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Exactly right. Credit is being destroyed in America faster than bernanke can print money. Primary inflation source are the banks and they are not playing along. If Ben wants to use the Fed. Government as his source of money distribution then so be it. As awful as it is, its not going to eclipse the deleveraging process that is already in full swing
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The problem is that hyperinflation destroys the Fed too. This is nothing something he wants or any of the holders want. That is why I think calls for hyper-inflation just play into hysteria and fear.