Greece is a pawn that has captured nothing

[alice malice]

Yes, the risk is deflation. Krugman has been right about that. And,
some very smart people suspect that QE, a new strategy that, according
to textbook macro-economics, should inflate a sluggish economy, may be
deflationary. Remember that Krugman and Co. call for government, not
central banks, to use policy, fiscal policy, to stimulate, deficit
spend out of recession and depression.

If this is true, if QE is deflationary, and Japan suggests that it
might be, when combined with the deflationary pressures on wages from
technology and productivity, and from weakened global labor pressure,
collapse of commodities, and the zero bound to negative rate, the
perfect storm may be brewing.

But I doubt this is what is happening. The locomotive, the US, has
plenty of steam and will pull the world up.



On Sat, Jan 31, 2015 at 1:40 PM, alice malice <alicewmalice at gmail.com> wrote:
>  when the Greeks break plates everybody dances? Not this time....the
> boy has cried wolf too many times now.   Meet the new boss same as the
> old boss. They will cut a deal to "default" and take their medicine.
> Iceland is not Greece.
>
> The commodities so-called super cycle was driven by the expected
> demand from China and the newly developing economies, oil was the last
> bubble in the cycle to pop, the supply and capacity, productivity
> continues to rise though the increase in demand, in China and
> elsewhere dis-inflates, the demand in the developed world declines, so
> these are not the assets that will increase, but stocks, bonds, the
> dollar.
>
> There are plenty of risks, but the Empire loves risks and will thrive on them.
>
> On Sat, Jan 31, 2015 at 1:08 PM, Joseph Tracy <brook7 at sover.net> wrote:
>> This assumes huge stability for the EU and the global bankers' kingdoms.  A stability whose foundations were brought into question in 2008.  The Greek people have tried Krugman's "help" and it is a world of pain, suicide and humiliation.  Contrast this with the Icelandic response in 2008,  and what path would you have chosen? Already major ripples through the markets with this, cheap oil, and Switzerland's recent banking decisions.
>>
>> On Jan 31, 2015, at 9:30 AM, alice malice wrote:
>>>  which will keep
>>> wages down even as asset prices rise. That's CAPITAL in the Empire.
>> Not all assets:"The world’s leading index of commodity prices has slumped to its lowest level in more than 12 years as China slows and America hints at tightening monetary policy. The Bloomberg Commodity index, which tracks the prices of 22 different commodity prices such as gold, natural gas and oil, fell 0.3pc to 99.84 in early trading, the lowest point since August 2002. "
>>
>>
>>> While Greece has moved forward on the German and EU board, as Krugman
>>> explains, it has done so with grave and serious risk to its citizens,
>>> non-citizen workers, its sovereignty, its wealth, it ports, its
>>> infrastructure, its credit rating and so on.
>>>
>>> It has captured nothing but the attention of the players who have
>>> advanced Greece on the board. These are the United States and China.
>>> Russia, making the news as some sort of ally to Greece is a mere gas
>>> station, supplier of resources and soon, military technology to China,
>>> for Russia has no choice but to give up all Economic positives, with
>>> the exception of the Putin-cronies who continue to rape the nation,
>>> for possible Geo-political ones.
>>>
>>> China is eating Russia and Putin is feeding them with deal upon deal.
>>>
>>> Greece needs restructuring of debt, that is, a way to default on the
>>> debt it can not be expected to pay, and it will get this for the West.
>>>
>>> All else is just a pawn in a good position for now.
>>>
>>> Greece has captured nothing.
>>> -
>>> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
>>
>> -
>> Pynchon-l / http://www.waste.org/mail/?listpynchon-l
-
Pynchon-l / http://www.waste.org/mail/?list=pynchon-l