Subjects presented in order with the secretary's recorded introduction
Introduction
Recorded Introduction:
Link to alternative site for immediate play [ Don.s Intro. ASC Audio_42_11/17]
Intro. by Don with relevance from Dr Jim_Audio_42
712_0235 11/17
Present 1.
What a central government will do to control inflation -- in this instant America -- and what the private sector involving bankers and brokers are doing. During this report we were told banks are using money, the consequence of QE's to buy up assets and government bonds, probably not because of altruism, but because of a down turn in borrowings. We also learnt that the American "junk bonds" and CDO's etc. have since GFC found a knew market in Europe. This to the newly installed American president is a concern. Apparently the US government bond rate is not attractive to US investors, whilst higher yielding American assets are doing well in Europe. He (the president) wants expatriation of these asset back to the US to compete with government issued bonds. We can only imagine this, if only a initiative, intended to correct homeland inflation.
Present 2.
A whimsical variation, "light-hearted" intended, a distraction that didn't go down well with a member -- a lesson learnt by attendees i.e., all jokes aside.
Present 3.
A very interesting presentation on explaining why government (America once again) cannot be bankrupted, well articulated with facts and figures. We have to rely on the mathematical ability of university academics when it come to putting those figures to work. The professor explained that by embarking on what would be a program of austerity, the debt of the government could be collapsed. He went as far as nominating a time period for the cessation of federal spending; state governments and local governments debt contributed a minor addition, they with a accumulated indebtedness of $5(US) billion.
CONCLUSION with a vote of thanks for the secretary evenings events.
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