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Everything posted by Darkpriest

  1. Yes, at 7-10% growth and their inflation was at ca 3.5% with 10% gdp growth (if we are talking Estonia still) that's real gdp of 6.5%, how many times higher than the great walefare haven of Sweden? The one with less than 1% or negative real gdp growth?
  2. Yes, however, I wonder how resilient that fund is, especially, when there is a political pressure to its investment strategy.
  3. So in other words, they adopted policies, which allowed them to grow from that poorer state and are at a velocity, where they already got past some of the older EU members, yet not there, where there are some of thre richest members? We can check in 15-20 more years at this velocity?
  4. I'd like to hear from people from Estonia or Slovakia, to see if they have the same amount of issues on their purchasing power relative to ones prior and in the same magnitude like the long time walefare or outright socialist countries.
  5. Lets look at Sweden. Debt to GDP seems fairly stable However real GDP is not that impressive (GDP minus inflation) So how does the standard of living improves? Can you afford more than your parents at the same age or less? How's that walefare dream going? Note: Not everything sweden does is bad, for example how they approached a solution to get this company lock in there. If they'd have an IPO I'd jump on board right away as early as possible https://northvolt.com/ Even if most of the production is located outside of Sweden, because of. (drum rolls) taxes and social security fees
  6. How do you want to achieve that? Cap prices for companies providing those services? Incresing taxes? More debt? Perhaps stop listening and paying so much to ass twerking or ball catching performers and make all that money be directed at your baseline education and trade/craftmanship schools?
  7. You fail to grasp, that Norway moved from a country of poor fishermen to a rich country due to oil industry? They've had years of budgetary surplus due to oil revenue, so like a spoiled rich child, they have some money to squander, but with a certain lifestyle and dwindling resources, that won't last forever. It's like saying, lets take example from UAE or Kuwait.
  8. Personally, I don't and I was voicing this approach a decade ago. I'm also a fan of a symmetrical treatment in aspects of tolerance, otherwise, like in a bad marriage, one side gets abused.
  9. Well, we have had ample examples that socializm does not work, yet there we are each time there is a bit more of stable and prosperous time, people wanting to implement it saying "this time it is different, because xyz is taking care of that" I'd rather rely on a reason, that people with brains, means and assets will make every effort not to get screwed over by government policies. After all, it's their skill that got them there. There is a bit of a difference when it comes to geberational wealth, but should you punish someone, just because his/her granparents created business that brought value to them and to the economy? BTW - Is Argentina looking to default again (shocking...)? https://www.bloomberg.com/news/articles/2021-03-24/argentina-can-t-pay-45-billion-imf-loan-vice-president-says
  10. A bit different, but perhaps some of our Danish residents can clarify. Seems there has been a series of actions this year in Denmark: 1) Limiting number of asylum seekers 2) Banning foreign funding of mosques 3) Rellocation policies, and housing policies changes to force integration by attempt to remove as they called it "paralel societies" I wonder what's the view of that and do you think such a central planning can work in Denmark?
  11. I'd look at this more like tax cuts and savings on the spending side. Remove some of the ineffective redistribution and trim down the fat on the state aparatus, which is non-productive. You need a certain level of tax, which can fulfill a specific 'contract' (mostly infrastructure, security and education based, plus some BASIC safety nets in income and healthcare - this includes promoting healthy lifestyle and not accepting fatness as a beauty standard). However, the more you put the tax on those, who put a lot of effort, time and investment, including perosonal lifestyle and delayed gratification, the more likely they will feel screwed over and will look into a ways of getting out of the system, which punishes them for their smart choices. Obviously criminal behavior should be punished so hard, including claims of assets, that people would not see a value in risking it against a fair work and paying fair taxes.
  12. Not the taax cuts itswlf, but a combination of tax cuts, which allowed making investments into off shore locations to drive production costs down, and allowed for a stocks buy backs, which with combination of cheap money from FED, made a sharp increase in value of wall street assets, and made top 1% even richer. However, I'd say that increasing taxes would not make this ratio better. You'd just incentivize corporations and rich people to relocate the operations, dampening the growth part, while having only a short term effect for lower deficit, andbthen it bursting up higher (as you see in the examples of failed municipalities, like Chicago)
  13. I remember a Pfizer president not taking its own vaccine and selling stocks after a spike in valuation, yet no one is questioning that vaccine. There are some gray areas around AZ vaccine, efficiency, testing etc, yet you still have it promoted. Sure, it would be great to have Putin or Xi having their shots done on camera, but is it neccessary? Even Fauci said, that data on Sputnik looks like its effective https://hughhewitt.com/dr-anthony-fauci-on-variants-immunity-new-therapies-and-reaching-the-skeptical/
  14. Well, the 2008 drop did go mostly to financial sector, but if i recall, the money there were returned. I'd need to go into the yearly spending, but i do not think that additional fed debt went to companies. Not directly at least. You'd need to see the big spending figures in the budget. I found this on quick search from 2015
  15. @Guard Dog I guess you can tell a little bit more from where you sit, how did yoy experience all the years of economic changes To most of the others, food for thought. Is running permanent deficits really good for you, and how extreme socialist spwnding and redistribution affects growth amd wealth creation.
  16. And EU still does not want to look into a Russian vaccine. It will also be interesting to look at, how the EU help funds will be distributed nd which countries will be real beneficiaries of ECB printer going Brrrrrr
  17. Yes, well... I care because reasons. But what's more important is that someone is not "walking the talk" and by all the virtue speech and signaling by politicians, they stop caring once the interests of their party and potential for election is jeopradized. This makes them very predictable in what they are willing to do. All the jawboning on the 'human rights' is nothing but a show to the voters. Sometimes though, with such an approach you kill your potential long term development chances and you stagnate and fall behind.
  18. That's why I also mentioned that the next big crisis will be responsible for the more permanent shift. The pointnhere is, the last couple of years are weakening the status quo and the plans and diaagreements, which emerged more to the spotlight, do not carry an insurance and going back to strenghts. On the contrary, there are initiatives and determinatio to change the status quo, and the 'western' nations proven how swlf interested they are, whenever something wrong happens (self centered, short sighted movement in economic policies and 'vaccine wars' and protecting own interests and profits vs sharing the vaccine tech for a pandemic threat and underlining the self centerism and mistreatment of poorer asian, south american and african nations, while russia and china bank on that)
  19. I do not want it to change. I have no real interest in it changing. Quite the contrary, it would just bring a bit more pain and restrictions. However, I can understand why Russia-China-Iran-other continental Central/East Asia aside of India and South Korea would like this to happen. It would make them self reliant, self sufficient and an economic and demographic powerhouse. Ask yourself where most of the valuable natural resources is? Where the most of the production capabilities are? Where most of the advancements in communication and tech happens. Which societies are more unified with a more common vision and are hungry of successes? Paper without underlying real production economy is just a piece of paper. You can't have serviced based economy, if you have no means on which you will be providing this service.
  20. I envy you your optimism and roae tinted glasses. However, we now have End of March 2021, after a lot of political map changes, relationship changes and most importantly economies and policies affected by pandemic and different priorities that surfaced during it. Data from end of 2018 and 2019 is most likely vastly outdated and not representative. If you could show me the same content for March 2021 I'd be more inclined to share your view
  21. And you think US and USD are now beacons of stability and development? I'm not saying that this will happen tomorrow, but I can certainly see that happening in 5-10years. To be frank, I believe we are one big financial crisis away from the permanent shift. Even people like this guy see issues with where the focus is placed.
  22. Depends, with how dollar was treated and its spilloever effect of trillions printed into the system, that whole stable/reserve is put into question. Also, recently there was a trading block formed in Asia, which can easily use an alternative to USD and it is self sustainable. Plus China, Russia and other countries of 2021 are in a much different place than those of 2015. I would not dismiss that possibility that easily. When it comes to land, resources and popultion, plus technology, do you really see a real rival. The one thing that could cripple this is the semiconductor production capabilities, that's why China is so fixed on Taiwan.
  23. Interesting developments in geo-pol. Not sure how many tracked the recent meeting between Russia and China, and what was said afterwards in their statements. (especially removal of dollar from any transactions and reliance on western banks settlement systems) It also seems that Iran is pulled into the triangle of the huge pan-Asian block. Looking at the map, and with dwindling influence in Iraq, Afghanistan and Pakistan, it seems that only India is not really on board in that continentl Asian conglomerafe, although the current leader in India is not really easily digestable to US admin and US tech. Turkey also seems to stray away further from "important values", with the recent withdrawal from the (ironically) Istambul convention, which aimed to secure protection to women against voilence.
  24. Unrwlated to corona, but I've just read this. Not sure how old this piece of opinion is. --------- Reserve Bank of New Zealand recently had house prices added to its inflation-fighting mandate; and NZ has just seen its government also introduce measures to cool housing: A NZD3.8bn fund to unlock more land for housing development – which won’t make any difference, as housing developers only build when prices are high; Government first home grants available to more people - which will also push prices up further; The extension of the period in which profits on the sale of investment property are taxed to 10 years from five – which won’t bother people if prices are rising 20% y/y; and Phasing out the ability of investors to claim mortgage interest as a tax-deductible expense. -----
  25. This is another piece by another source and a bit different perspective, but it does highlight the dillemma of rates and perpetual, growing debt https://www.zerohedge.com/markets/fed-has-forced-investors-take-excess-risk
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