fxgai comments

@wallace

This argument makes no sense when the risk also affect others.

So you think driving cars should be banned?

According to this flawed arguments people should be left to drink and drive freely, right?

No need to divert by bringing drink driving into it.

Just plain old driving, after drinking nothing but water or tea.

Or swimming in the river or sea.

Banning it would save lives, right?

Of course this would be crazy. Yet that’s the route taken with coronas

there is absolutely no question that we saved lives

That sounds like a good thing, and it is…

But by the same logic - cars are dangerous. Banning people from driving or owning them would save lives.

Banning tobacco smoking too.

There is the problem - whether to take the risk or not, is (should be) up to individual people living their own lives, independently.

But then, I guess she is short on money… sad

If this is what you are going to do upon birth then, it would be better in my books marginally to go with abortion before birth.

it's increasingly clear that immediately curbing prices wasn't the point.

Huh? That was crystal clear last year when it was first named.

I’m not worried about AI, rather I hope indeed that it takes over boring mundane work so that there is more time left for us to do high value activities.

As for workers in the movie biz, they need not worry about AI if they come up with inventive new content, as opposed to say, creating Indiana Jones part 15.

No they aren't. They're organizations.

Show me a corporation or organization that is not made up of people?

You might come up with some other group of animals like ants or whales, but they are all just collections of individuals working together.

the darling of global investors

Lol :)

The government has the power to increase corporation tax and to redistribute that gain by lowering income tax

So people will earn less income because their employers earn less after tax, but will pay a lower rate of income on their smaller salaries - hopefully I got that wrong.

How about this - transition to 10% tax rate on individual and business income. Even stevens. And as people have more to save for themselves and choose how to spend wisely, reduce government spending that we all know is hugely wasteful.

Each of us individually directs more of our own money - far more democratic than the current system we have now.

Why are people in Japan so reluctant or afraid to criticize corporations?

The LDP’s 3 lost decades is actually all the fault of the people that form corporations. I struggle to argue that.

The govt and boj set the rules and conditions.

Exactly. Those rules matter.

It's like blaming sports events organizers and umpires for a team's loss and not the team.

Rather, it is like having rules that ensure a dull boring game, that no one wants to watch or take part in.

Corporations are people. Blaming corporations is blaming the people. You yourself own pieces of those corporations. Is it partially your fault?

(I would argue yea but only to the extent that you back this failed central planning approach)

This is unbecoming of America.

The first and simple step is to make it illegal but the gov't of Korea and others countries that eat dog cowardly refuse to even when it has drastically dropped in popularity.

What has popularity got to do with whether people be banned from doing something?

Are you a vegan perhaps? If not, you would strike one as a hypocrite

There's increasing public awareness of animal rights 

Except for cows pigs cats and chickens.

Next people will be wanting to ban whaling (again)

Funny how Wall Street loves socialism when it is to prop up corporations and the investor class. 

Huh you are saying (you think) the Chinese commies are actually doing the commie thing so as to prop up corporations and a “class” of investors?

Well, investors just play the cards they are dealt by crummy big government spending.

Are you for big government spending, or would you be for small government? I am guessing you love the big government spending of other people’s money, but would prefer the other people’s money be spent in greater accordance with your preferences.

Well, the only way to spend your own money that way is to have smaller government, but if you opt for big government then your moaning rings hollow.

Just don't tax the investor class,

This investor pays investment taxes….

close up all the tax loopholes

like furusato nozei? The mortgage balance tax deduction for those rich enough to own a home?

Sure, I say.

let’s have low rate, broad based = fair taxation.

But it’s not us innocent investors in the way of that, it’s big government command and control types.

Japan should be ok - the US Fed gonna stop raising interest rates.

But if you have say a 3% interest rate differential, while the loose money continues in Japan, you will feel more inclined to hang on to your yen?

it has to increase the corporate tax on companies and use that as income to lower the taxes of the people

Corporations are people.

But yes lower taxes for people would be better than higher taxes for the people.

use it as a substitute for companies that do not raise labor costs.

For companies that don’t pay adequately, wouldn’t they struggle to retain workers and perhaps go out of business? Is there a benefit from trying to central plan this instead?

Even though Japan is said to be the world's largest debtor nation, about 95% of it is purchased by the Bank of Japan and is not a debt to foreign countries.

Is it not the case though, that the yen is a freely floating currency?

This is the pressure valve.

In addition, Japan is the world's largest creditor nation.

That I have some money invested overseas doesn’t mean Jack for the public debt situation, unless there is a plan to confiscate the private wealth of residents that I am unaware of. And that is not something that would give me comfort.

Even if the government continues to issue deficit-covering bonds for a while, there will be no problem for a while.

That sums it up well! Indeed things won’t go splat today. But it is the longer term one worries about.

Yes Jeff,

The BOJ, which now holds most of Japan's so called "debt." 

That’s an option I noted in my comment. Literacy helps, let alone financial literacy.

But the subject is the BOJ winding back its easing, given that inflation is above target - aka there is too much money. Suggesting that the BOJ keep buying is just a call for ever higher inflation.

Also, social security funds

Why would social security funds suddenly allocate more to JGBs. There are myriad more attractive options.

corporations and organisations, that earn and spend tons of yen in international trade,

Suddenly they will have extra cash to start financing the government spending too, you think.

Financial illiteracy can be a dangerous thing.

quality argumentation you have there.

Look, even Ueda himself has written that the government must get its fiscal problem in order for an exit from the BOJ easing to be viable.

Bidenomics has the stock market just roaring!

This notion of the US interest rate hiking trend coming to an end bringing a reprieve to the yen seems incredibly wishful thinking to me.

Even if the BOJ eases up on the monetary policy a little, the government is running 40 trillion yen deficits and has no intention of slowing spending. Indeed the whole Japanese government acts like spending huge, vast sums of borrowed money on behalf of us tax payers is what needs to be done to help the economy.

So who is going to keep lending the government money if the BOJ eases up a bit? There are still many financially illiterate people in Japan who may put money in the bank and feel happy about a little interest even while inflation destroys the value of their savings.

But when people see their own money becoming worthless they will find better things to do with it.

The government would then have to offer more in return for borrowing the money.

Unless of course the BOJ or some other government attaches institution keeps taking the hit for the rest of us.

For the yen to strengthen sustainably, Japanese policy change is required. Not just the BOJ. The government too in fiscal policy. That’s my view. And I don’t see it happening, so any reprieve for the yen is a chance to sell more.

stubbornly high inflation,

Incentivize more production (see below), have government spend less (requiring less money printing)

economic stagnation, rising taxes

Cut tax rates

and mortgages rates,

See above

industrial unrest, and long waiting times to use the state-run health service, 

Get government out of the business of running businesses

See, the UK’s problems seem as if they could be fixed, if only there were leadership with coherent and consistent policy prescriptions and an electorate to vote for it. Need a leader with some iron in their backbone.

Same as anywhere!

No idea if these measures will be any good but better to at least try to measure outcomes than now, I guess.

They are intended to complement traditional economic indicators such as gross domestic product, inflation and employment.

Imagine though that GDP growth dropped, inflation was high, and employment was lower.

Wouldn’t those complimentary measures take a hit? The “prosperous” one, obviously, because traditionally when we are prosperous most things get better, because being wealthier means we have more resources to allocate to various things.

"At least he was lucky not to end up in prison," Ghosn said

Amen.

As a foreigner, it’s not the sort of company you’d like to head up is it. Watch out…

Hope his back is ok.

Aaron Loup (1-2) struck out two in a hitless 10th for his first win in 1 1/2 seasons with the Angels after seven losses.

Congratulations, I think.

Lifestyles other than marriage, sexuality transcending two genders, asexuality, new pleasures, new enjoyments, new distractions, new freedoms, all conspire to make child-rearing seem rather dull in comparison,

Huh?!

W, what?!!

and besides, global warming threatens the planet’s very existence.

Wwwwwwhat?!!!!

LDP maintained the highest support rate with 30.1 percent, which was followed by 10.6 percent of respondents favoring the opposition Japan Innovation Party and 8.7 percent preferring the main opposition Constitutional Democratic Party of Japan.

The Japan Innovation Party will hopefully be the clear main opposition party after the next election.

So far as I can tell it is the only party that doesn’t want to spend even more of our tax money.

Great to see Bidenomics has boosted even the stock market. Roaring success.

Cases like this is why Ghosn was understandably of a mind to skip the country.

Other innocent people without the means are not so lucky.

I hear the Yankees suck this year without Judge so not sure that’s the sort of team he’d want to join.

This is a enough to make these places free to old tax paying citizens.

Free as in beer?

And how will attractive wages be determined and set?

And what about the staggering 40 trillion of debt that the government racks up each year? There is a lot of spending to be slashed for there to be “enough”.

Nursing homes should be the greatest priority of any government (along with education), 

Aren’t those things too important to be entrusted to government? I don’t have so much faith in the competence of government in many areas, let alone those.

"Nursing care facilities are not able to pass along cost increases to consumers in the same way as other companies, and this has a significant impact on their business," said an official 

As a customer, I would like to be offered a price, rather than be told that my provider was going to shut down without offering me an option.

The people running these businesses had better learn about business was fast, or someone else will just take their place.

Customers of these places can often afford it. In recent times I keep hearing of Japanese people working on the loopholes in the inheritance tax, so it’s clear that there is money out there that could be spent here, rather than siphoned off by government or tax advisory businesses.

Fully 93 percent of more than 3,000 respondents believe the NHS should remain free at the point of care

It’s not “free”, it’s just paid for indirectly.

I would rather have direct control of where my money is spent, rather than not.