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FEEL THE HEAT! It's the August 2020 WrestleWipe thread!

Yes! Hello! Welcome! In this thread we'll be going through all the news, drama, bullshit and petty squabbles that made professional wrestling the HOT TOPIC on our timelines.

Please read on...

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If you need a catch up, here's the July thread. You can also find it, and all the other montly recaps, on Wrestle Wipe dot


Couple of things before I get started;

1. Apologies in advance for any formatting errors. These are big, media-filled threads and the app I use to create them is still fairly new and in constant development.

2. As is most likely the case going forward with these threads, there will be some references to Speaking Out so please use this part as a trigger warning. It won't be as much as June or July, but just please bare that in mind when reading on.

Now let's get onto the thread!
the absence of private demand makes government expenditure necessary. It repays itself by creating a stronger economy than would have otherwise been the case. For me that is the macro - non-household budget - reasoning. (1/13ish)


Making G contingent on a ultra low government rate of interest (ULGROI) seems household budget thinking: lower expenditure on interest payments is being portrayed as permitting the higher expenditure on G. (2/13)

All fine that this is permitting those who think in a household budget way (OBR, IFS etc) to support spending (or rather not prescribe austerity) but it is not the macro of the situation. (3/13)

As an aside I'd rather call out the household budget mob for prescribing austerity last time, not least in the week that the OECD publicly acknowledged austerity was overdone. Parotting their present argument seems to let them off the hook. (4/13)

As you know the low rate of interest - in advanced economies on government debt - is not a matter of chance but a consequence of a decade of reliance on QE and a wider global retreat from risk. (5/13)