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Zawash (Member Profile)

Mr Van Dam surprised with the A380

oritteropo (Member Profile)

enoch (Member Profile)

radx says...

NC's collection of interesting links yesterday brought us this paper by the Bank of England.

The summary upfront is somewhat interesting, the rest gives you cancer.

But here's something, page 3/61, second paragraph:

Furthermore, if the loan is for physical investment purposes, this new lending and money is what triggers investment and therefore, by the national accounts identity of saving and investment (for closed economies), saving. Saving is therefore a consequence, not a cause, of such lending. Saving does not finance investment, financing does. To argue otherwise confuses the respective macroeconomic roles of resources (saving) and debt-based money (financing).

Unless my brain truly did take same damage from reading the first ten pages of the paper, this paragraph is basically saying that the mainstream theory of crowding out is a load of shit. It's probably just a minority position within the BoE, but still...

The last paragraph of the summary also states that reserve positions have little to no effect on a bank's ability and willingness to lend. Any claims that a shortage of savings is responsible for a lack of credit are thrown out of the window right then and there. It's a lack of credit-worthy customers, end of story.

The BoE folks responsible for this paper still don't go all the way, but these two issues alone are devastating enough to mainstream economics and the policies that result from it.

kulpims (Member Profile)

Landing a giant 747 with one of the landing gear UP/broken

Qatar Airways A350XWB -Delivery flight- landing

Airbus A350 vs Boeing 787

SFOGuy says...

Nice. I think that Airbus is really going need this airplane to sell; the 380 just isn't moving like they thought it would. Nice to have competition driving the market to improve (unless you are a Boeing stockholder)

Making an Airbus A350 Airliner - Minute Physics

Making an Airbus A350 Airliner - Minute Physics

Making an Airbus A350 Airliner - Minute Physics

RFlagg says...

Isn't the A350 more like Airbus's response to the 787 Dreamliner... well, they likely both started design near the same time, just Boeing managed to beat them to out. I'm not sure where either company will try next. The A350/787, A340/777 and A380/747 markets cover all but more regional flights. So it'll be interesting to see where they go next...

A somewhat interesting video comparing the two (the more interesting part starts around 30 seconds in and ends by the time it gets to 2:15 after that the side by side comparison ends)

ant said:

OK Boeing, it's your turn!

Making an Airbus A350 Airliner - Minute Physics

the Elizabeth warren speech that has everyone talking

Trancecoach says...

Warren is a "Champion" against Corporatism, and yet she supports the Ex-Im Bank that gives $8.3 billion to Boeing and $2.6 billion to GE (Mercatus Scholars on the Export-Import Bank). Because, y'know.. logic and consistency. "The people's" support of Warren is support for all of those entities that make her employment as a politician possible. In other words, "the people's" support of Warren (regardless of her rhetoric or polemical attempts at persuading a disenfranchised Left) is, in fact, support for all of those entities which make her career as a politician possible (i.e., the very corporatist relationships she rails against, while simultaneously supporting with favorable legislation). Despite all the rhetoric, make no mistake that Warren knows exactly where her bread gets buttered.

(While this is fairly basic stuff for most if not all of politics-as-usual, it's just so deliciously blatant with someone like Warren that it's too satisfying to resist pointing out.)

Eurofighter Typhoon Close Encounter

Daldain says...

A-10 is in my top 3 for sure. I was lucky enough to see one flying two years ago at Seattle Boeing Airshow.

Bruti79 said:

Just after the A-10, the Eurofighter is my second favourite airplane. I still think the Canadian government should update our fleet with these. Those CF-18's won't last forever.

Living in the woods -- in a Boeing 727



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