Progressive Politics

[donbuggy]

State handouts for all? Europe set to pilot universal basic incomes - The Guardian
Philip Oltermann, June 2, 2016

To its acolytes, it is the revolutionary policy idea whose arrival is as urgently needed as it is inevitable. In a future in which robots decimate the jobs but not necessarily the wealth of nations, they argue, states should be able to afford to pay all their citizens a basic income unconditional of needs or requirements.

Universal basic income has a rare appeal across the political spectrum. For those on the left, it promises to eliminate poverty and liberate people stuck in dead-end workfare jobs. Small-state libertarians believe it could slash bureaucracy and create a leaner, more self-sufficient welfare system.

In an increasingly digital economy, it would also provide a necessary injection of cash so people can afford to buy the apps and gadgets produced by the new robot workforce.

Where's the money coming from?

[safeorigin]

Money printing is ECB's policy

they're doing that to prevent people from revolting

but of course, that comes at the price of accelerating inflation

[safeorigin]

Saudi Authorities Panic - Ban Speculation On Riyal Devaluation Amid Banking Crisis | Zero Hedge

the house of cards is crumbling

panic

hehehe



but just how big are we talking about?

This Financial Bubble Is 8 Times Bigger Than The 28 Subprime Crisis | Zero Hedge

8 f*cking times!

HAHAHA

[safeorigin]

time to peddle more fiction!

JPMorgan: The odds of a recession starting in 12 months has hit a high - Yahoo Finance

Record 94,78, Americans Not in Labor Force; Participation Rate Drops in May

Civilian Labor Force Participation Rate - FRED - St. Louis Fed

Dow Jones Industrial Average 2 Minute: ISM Non-Manufacturing: PMI Down, Signals Continued Slow Growth | ETF DAILY NEWS

http://finance.yahoo.com/echarts?s=eem+Interactive#{%22range%22:%2210y%22,% 22allowChartStacking%22:true}

http://static3.businessinsider.com/i...-/viewerre.png

I see totally nothing wrong with the economy!

SOCIALISM STRONK!

PROGRESS!

[b_9904]

The question is whether it helped or not. Granted, the desire to make housing more affordable, via laws passed under Bush, Clinton and Dubya, is what led to the subprime bubble.

-

In Singapore, on the other hand, providing affordable housing and housing financing helped create the middle class boom that fueled the city's economy through the 20th Century.

Yeah... the question is COST EFFECTIVENESS. I dug deep into that housing mess and we not be solving anything under the current system. YET, we spend 2% of the GNP on it.

We could spend all the treasury but still be neck deep in problems.

Also, it is as if we do not have a middle class boom in this country.

[b_9904]

The price bubble isn't about socialized housing. It's about speculative hot money inflows. Ultra-high demand and stable economy mean everyone wants to buy real estate there.

And as noted in zerohedge, it's part of a regional trend, not specific to Singapore alone.

Yipee-kay-yay... we're heading for another AFC...

Which will be great for guys like me. I can shop for better deals in the market.

:D

Last AFC, my family shopped like crazy and we REAPED the rewards of taking the risk.

BUBBLES happen ALWAYS. So, if you do not want to suddenly lose everything then keep an eye out at the markets.

[safeorigin]

indeed, bubbles always happen

the difference is how the lack or presence of intervention affects it

popping the bubble is the natural course of a bubble in a free market because it's a self correcting mechanism

if an unnecessary intervention is done, bubbles grow bigger

as in the case of the great depression

How FDR Made the Depression Worse | Mises Institute

but then, we want to know why HUGE bubbles arise in the first place

Why You've Never Heard of the Great Depression of 192 | Mises Institute

[safeorigin]

previously, GS was bearish

now... Goldman Turns Downright Gloomy, Warns Market "Despair" Is Coming, Prepare For A Major Drawdown | Zero Hedge

but hey, we've already gone beyond P/E of 20(bubble level)

Global Stocks "Most Expensive" In 6 Years As Bond Yields Hit Record Lows | Zero Hedge

what could possibly go wrong?



I'd like some of that stuff too so I won't peddle more fiction!

[safeorigin]

EBT Card Outage? 8 Days Into June And Many Americans Are Still Waiting For Food Stamp Money | Zero Hedge

no moh food stamps!

riots in 3... 2... 1...

[safeorigin]

Oil Spikes After DOE Inventories Data Refutes API For 3rd Week In A Row, Production Drops | Zero Hedge

~~~~~

Bubble News From The Nosebleed Section | Zero Hedge

debt everywhere!