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| Thread ID: 146310 | 2018-06-27 05:04:00 | Another electricty price increase | 1101 (13337) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1450998 | 2018-06-30 05:16:00 | Why? I'm not the one grizzling about the price increases True, but not many of us wish to live in the manner you are accustomed. |
B.M. (505) | ||
| 1450999 | 2018-06-30 05:18:00 | Sigh. Effectively, a current account deficit really means we're saving less than our investment, so we run a financial account surplus. Combined, the two sum to zero. So, if you wanted to reduce our current account deficit, then great - are you going to do it by decreasing consumption and forcing people to save more, or are you going to lower the rate of investment? Don’t worry about all the Hocus Pocus, Spin and Creative Accounting, just tell me how I can keep spending more than I earn and borrow my way out of the debt I’ve incurred. :rolleyes: |
B.M. (505) | ||
| 1451000 | 2018-06-30 06:02:00 | not even worth the effort to tap the keyboard with that one Nick... Hey, it's mid semester break. I'm bored :p |
Nick G (16709) | ||
| 1451001 | 2018-06-30 06:12:00 | Don’t worry about all the Hocus Pocus, Spin and Creative Accounting, just tell me how I can keep spending more than I earn and borrow my way out of the debt I’ve incurred. :rolleyes: It's none of the above. My answers are just more complicated than yours, because I know what I'm talking about. Don't chuck your toys out of the cot when you're called out for not knowing what you're talking about. Most aspects of the economy are more complicated than you might imagine, and there's generally no 'quick fix'. Despite what you might believe and like to complain about, the economists advising the government are very, very smart people, who care about their work. I highly doubt if you ever read this, but hey - feel free to prove me wrong. Here are a couple of great explanations about what a CAD is, and whether it is good or bad: www.imf.org www.economist.com If you want a quicker summary: A current account deficit is neither good nor bad - it depends why it occurs. It can eventually become a problem, and exchange rates will adjust, effectively in order to 'force' a current account surplus. However, a current account deficit is used to finance investment. So, if you want a current account surplus, you will have to force people to consume less, and save more. Or, you will have to accept a lower rate of capital investment. |
Nick G (16709) | ||
| 1451002 | 2018-06-30 06:29:00 | It's none of the above. My answers are just more complicated than yours, because I know what I'm talking about. Don't chuck your toys out of the cot when you're called out for not knowing what you're talking about. Well it’s no secret that you fancy yourself as an “Intellectual Heavyweight”, so I’m sure you’ll have no trouble borrowing to pay back your Student Loan. :lol: |
B.M. (505) | ||
| 1451003 | 2018-06-30 06:43:00 | Ask 6 economists for an opinion on anything and you will get 6 different answers none of which prove to be correct. | CliveM (6007) | ||
| 1451004 | 2018-06-30 07:34:00 | Don’t worry about all the Hocus Pocus, Spin and Creative Accounting, just tell me how I can keep spending more than I earn and borrow my way out of the debt I’ve incurred. :rolleyes: Ask National they did just that for 9 years |
gary67 (56) | ||
| 1451005 | 2018-06-30 07:54:00 | Well it’s no secret that you fancy yourself as an “Intellectual Heavyweight”, so I’m sure you’ll have no trouble borrowing to pay back your Student Loan. :lol: Yawn. Are you going to reply to any of what I actually said, or are you so far out of your depth you're scared to even try? |
Nick G (16709) | ||
| 1451006 | 2018-06-30 08:06:00 | Ask National they did just that for 9 years Well "No", they just kept borrowing, with no sign of reducing the debt. I want to know how you borrow your way out of debt. :confused: |
B.M. (505) | ||
| 1451007 | 2018-06-30 08:18:00 | Well "No", they just kept borrowing, with no sign of reducing the debt. I want to know how you borrow your way out of debt. :confused: Just for sh*ts and gigs :p It's actually entirely plausible that you can in fact keep borrowing forever, never paying off your debt. It's also entirely possible that would be an economically sound decision. Assuming of course that Debt as a % of Real GDP Per Capita was steady or declining. Use a dumb measure of debt, and get dumb answers! Measuring things like debt in nominal lump sums isn't always an amazing idea. I wonder how much this will set you off! |
Nick G (16709) | ||
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