ecu88

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About ecu88

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  • Gender Male
  • Location Gvegas
  • Interests Behavioral Economics, Economics, Liberty, Psychology

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ecu88's Activity

  1. ecu88 added a post in a topic Whispers going around that US might create new alternative currency   

    Yeah hyperinflation not likely unless a new world currency. I foresee another deep recession. I do not deal with stocks now because of no 401k, when QE started I was making an avg 40% returns which was amazing but then I stopped after I quite working at Sheetz.
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  2. ecu88 added a post in a topic Wisconsin Republicans vote to dramatically scale back oversight of lawmakers, other public officials   

    Walker's and Bush's family same cloth. This is why I have unregistered from being a Republican because the good one's like Justin Amash, Thomas Massie, Mike Lee and Rand Paul are far and few between.
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  3. ecu88 added a post in a topic Whispers going around that US might create new alternative currency   

    Yeah, either or works.  M2 is usually the broader picture as savings accounts are taken into affect.  M1 is just general circulation.  Most economists look at M2.
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  4. ecu88 added a post in a topic Whispers going around that US might create new alternative currency   

    ABCT - Austrian Business Cycle Theory. I am starting to get into the readings of Shackle (Post-Keynsian) and Lachmann (the radical subjective wing of Austrian School which goes against a lot of Austrian mainstream thought), which I just discovered so getting into the details while I have not fully digested their works would be a crime. I have read some brief summaries which captured my attention due to my own personal convictions. Sorry Philly I wished I could expand like you do on your work. ABCT is a business cycle theory based on the premise of credit creation (endogenous) derived from banks through lower interest rates which misleads entrepreneurs into future setting profit jobs. The misallocation of resources results in diminished productivity as resources are battling for priority, consumption productions goods are now being allocated to future consumption projects (investment) called malinvestment. Investment fills in as new revenue as the projects are undertaken which begins the circulation of new money into the economy creating a boom. This creates a higher demand for consumption goods of today which are more scarce causing prices to raise thus interest rates to natural rise as well. With interest rates rising, funds become more expensive and the new projects that are not finished become unprofitable to pursue or/and maintain which leads to recession, bust, conditions as these projects are abandon. ABCT easy money theory does not just affect businesses but also individuals to spend more as credit is readily available during the timeframe of the boom which hurts individuals who's time preference is altered causing debt that would have been not taken on to be now a reality as future consumption has been constrained. Markets are very sensitive and are efficient for the most part (not to say 100% efficient as some advocate). Markets rely on signals and with interest rates altered, signals are distorted. It's like putting a screen on your front door. It is hard to see clearly what is out there as your view is altered. The economy is a lot like that, uncertainty and speculation comes into play altering expectations. My saying is that the short-term is all about the movements but the long-term is about the path. The graphs I have shared display my view on how expectations are shaped, time dimension plays a huge role, how capital is shaped and the connection of short-term long-term relate to each other. Hopefully, this cleared up some questions. If not, I will try to elaborate on the future questions you have Philly :)
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  5. ecu88 added a post in a topic Whispers going around that US might create new alternative currency   

    Regardless of the future, my model in early 2013 said recession late 2015 to early 2016. I love the ABCT theory but I believe Ludwig Lachmann's works will guide me better in my views in Austrian School of thought (than Mises, Hayek and Garrison) which his views are similar to Post-Keynesian views in regards to uncertainty and expectations. I am hoping I can incorporate radical subjectivism into my views. More I read from Lachmann and Shackle, the more I find myself becoming more aware of our environment. Lachmann, Shackle, and Schumpeter are some of the most underrated intellects in economics. It is a shame economics has forgotten the romantic philosophical language of logic and reasoning; in which, economics has leaned on recently the envy of physics, as economic dialogue has been replaced with mathematical equations diluting the meaning of economics to rubbish jargon.
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  6. ecu88 added a post in a topic Chinese Stock Market Meltdown   

    US regardless has not recovered from the last recession no matter who screams we have. We are a ticking time bomb. The bond market is going to hell in a hand basket slowly and when interest rates finally rise the stock market will be f ucked in the ass due to speculative investment spurred by artificial interest rates to prop up the market to a fake recovery. Instead of a true market being reflected by DOW, we are getting a false sense of new growth that is driven by false narratives and ideological insecure economist/politicians. DOW would be more believable at 11,000 not 18,000 and I definitely see a correction dropping the market back to 9,000 easily. The last correction was over 45% if I am not mistaken and I see a bigger correction than the last one.
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  7. ecu88 added a post in a topic Whispers going around that US might create new alternative currency   

    So debt based currency that are fiat in nature follows the great Keynes saying, We are all dead in the long run. Interesting to say the least.
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  8. ecu88 added a post in a topic Biz is a free agent   

    Hahahahahaha
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  9. ecu88 added a post in a topic Bernie Sanders live stream from Wisconsin   

    No different on the Pubs side with Jeb Bush drum banging going on. I would honestly love to see a Bernie vs Rand match up but I won't hold my breath.
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  10. ecu88 added a post in a topic Does Bernie Sanders have a chance in this thing?   

    I'm 87% Rand Paul and 63% Bernie Sanders in Isidewith go figure.
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  11. ecu88 added a post in a topic Does Bernie Sanders have a chance in this thing?   

    As long as it is not a Bush vs Clinton, I am game.
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  12. ecu88 added a post in a topic The Dukes of Hazzard pulled from TVLAND   

    The pussification of America......
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  13. ecu88 added a post in a topic Take a Good Look   


    Rand's plan is probably as close to me agreeing to an income tax just like Boortz's plan.  What I love about Rand's just like Boortz is the relief for the lower earning income earners to actually have a chance for more financial security.
    http://news.investors.com/ibd-editorials-viewpoint/062415-758831-rand-paul-flat-and-fair-tax-a-history-making-game-changer.htm
     
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  14. ecu88 added a post in a topic Take a Good Look   

    Hey I want the Progressive Tax system to stay so when I become wealthy, I will abuse every loophole available and if not just lobby for changes. Plus over 70,000 pages of tax code is just not enough. So let's raise taxes on the wealthy then increase loopholes while everyone cheers the wealthy get 'taxed' more but in actuality they pay less.
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