tag:blogger.com,1999:blog-5524682876220396502.post4079222109820416369..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: Is money-lending approaching its tipping point?Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5524682876220396502.post-1357317370601946282012-01-30T13:43:19.632+00:002012-01-30T13:43:19.632+00:00I will say, yet again, that the fundamental proble...I will say, yet again, that the fundamental problem is that we are measuring economic health by how much money flows around, and how quickly. That's why these cash infusion work less well each time.Paddingtonhttp://www.blogger.com/profile/07952088638231881617noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-73285839906319376382012-01-29T20:29:43.868+00:002012-01-29T20:29:43.868+00:00Either 49 or 50.It was probably pretty hard to get...Either 49 or 50.<br><br>It was probably pretty hard to get a loan in year 48 . . . <br><br>Cheers!<br>JzBJazzbumpahttp://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-2022431635698445832012-01-29T19:29:24.148+00:002012-01-29T19:29:24.148+00:00Jubilee - every 75 years, JzB, wasn't it?Jubilee - every 75 years, JzB, wasn't it?Sackersonhttp://www.blogger.com/profile/17284329249862764601noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-82752213613773798462012-01-29T17:42:37.074+00:002012-01-29T17:42:37.074+00:00I'm rather taken with the reset idea. That...I'm rather taken with the reset idea. That's what the other Great Depression accomplished, in a rather brutal way. In ancient times, jubilee years were a general reset.<br><br>Now, due to the "Greed is Good" malosophy, we have to have the catastrophe. <br><br>Sadly,<br>JzBJazzbumpahttp://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-8450833992260776862012-01-29T15:55:30.546+00:002012-01-29T15:55:30.546+00:00Hi Arthurian - partly to do with British politics....Hi Arthurian - <br><br>partly to do with British politics. Pre the 70s oil price hike, bank lending appears to have been strongly encouraged (we were in the economic doldrums). Some would say that the oil price rise wasn't merely Arab retaliation for Western interference, but a reaction to what monetarists would see as an inflationary policy. Then we had the embarrassment of the IMF coming in and telling us what to do (including sacking PM Harold Wilson they say).<br><br>We were in another bust at the end of the 70s, so c. 1980 new PM Margaret Thatcher and new US President Reagan bought the private-enterprise story and turned on the money taps. Boom, then bust less than a decade later.<br><br>Wash and rinse again in the 90s, and again in the early 2000s, ending with reckless support of a busted system.<br><br>The most notable feature for me of this graph is how it works less well every time. Maybe this is the last go round before we have to radically re-set.Sackersonhttp://www.blogger.com/profile/17284329249862764601noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-43092493172572107542012-01-29T14:15:44.724+00:002012-01-29T14:15:44.724+00:00Interesting graph, Sackerson. Any thought on what&...Interesting graph, Sackerson. Any thought on what's behind the big drops? They seem vaguely related to recessions, occasionally, but of longer duration.The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.com