THE INTEREST RATE CONUNDRUM. The counter-vailing factors diluting its effect.

4 Responses to THE INTEREST RATE CONUNDRUM. The counter-vailing factors diluting its effect.

1. David Melnychuk says:

   July 29, 2023 at 5:25 am

   Another excellent interpretation and presentation of the data.I think the explanation for this seemingly aberrant result is twofold.One factor is the large amount of cash received ny corporations during the pandemic which has certainly contributed to the increase in factory construction which appeared to contribute inordinately to economic activity in the 2nd quarter, The other is, as you have pointed out, the choice of deflator.What does not seem to enter the discussion is the ongoing and progressing absolute immiseration of increasing sectors of the population as manifested by such stats like the 17% decrease in food consumption in France.Clearly an economy that has such diiiculty to address human needs should not be in any way celebrated.What I find so disturbing is the lack of response to this situation by both political parties and the population at large(with the partial exception of France).It is this that must change if we are to avoid seeing the total barbarism predicted by Rosa Luxembourg.

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   • ucanbpolitical says:

     July 29, 2023 at 7:58 am

     A 17% reduction in France. That is an unfolding tragedy that should not be kept silent. I am going to investigate the situation here in England. IAbout 8 years ago I helped set up the Holiday Hunger Project in my city to provide school meals during the holidays because the government would not, and it became one of the biggest Union led and financed projects in Britain.

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2. David Melnychuk says:

   July 29, 2023 at 4:18 pm

   I saw a recent survey from Britain which indicated that 1 in 6 respondents skip one meal a day. This roughly corresponds with the data from France.

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   • ucanbpolitical says:

     July 29, 2023 at 7:04 pm

     Thanks saves me doing the research.

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