Saturday, August 23, 2014

soft oppression

commenter Darryl:
Maybe, but expecting that inflation can rise and keep up with Fed rate hikes that starting from the ZLB late in 2015 will reach 4% in eight years placing 30-year conforming fixed interest loans at roughly 5.75% to 6% with full but likely somewhat under-employment along with proportionate nominal wages gains plus a tiny little for real is not radical. It may violate neoliberal tenets of rent collection, but not neoliberal instincts for self-preservation and survival.  
Actually, I hope that I am wrong because if I am correct then the establishment survives with barely more than a scratch. If I am wrong then the deck gets reshuffled and there will be a whole new deal. 
This doesn't make sense to me. Seem teleological.
THe old bulls can have their run of the pasture for now because the young bulls of tomorrow are still calves. Some of them may become steers fattened for the slaughter, but there will still be plenty of millenial BS to spread around when the old bulls get slow and soft. There is a side to the generational conflict that the establishment is stewing up over boomer retirement and supporting their social security and Medicare that may backfire. Nothing lasts forever.

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