He keeps thinking inflation is right around the corner. He worries about the rise of Hitler.
Sounds like the extreme Republicans. Obama as Hitler? That’s laughable.
Someone forgot history. Compare the years of Adolf Hitler’s rise to power with the Great Depression.
Great Depression October 29, 1929 to late 1930s,early 1940s.
Hitler;
joined Nazi Party 1919
Leader of National Socialist German Workers Party 1921
Coup Attempt 1923
Chancellor of Germany 1933
Rearmament of Germany followed by invading Poland 1939.
There is no association being made. Many people were getting concerned about Adolf Hitler’s rise to power during the Great Depression.
I think that deflation is still in the cards. Look at food prices and airline tickets.
Inflation is still some time away.
Could be. Many people forget that part of inflation is tied to the price in housing. If people see their house going up in value, many will re-fi with equity out and then spend that money. If house prices are not going up.. then this inflationary behavior does not occur.
I would love for Obama to turn off the spigot immediately. That will cause a crash that would allow those of us with wherewithal to profit.
It depends upon which spigot. If the TARP was not done, all credit would have dried up.. including corporate revolving lines of credit. Corporate lines of credit are used to handle payroll and other expenses and to smooth out the bursty nature of sales in the corporate world.
But I understand that for the economy’s sake more government support is needed. But still, that pisses me off because it’s allowing those smug real estate people to hang on.
Personally, I would really like to see the RE speculators get ‘fried’. Unfortunately this economy is all tied together. One thing that would really reduce the speculation is for the Capital Gains exemption on Real Estate to be removed. I would love to have Capital Gains exemption on any stock held more than 2 years.. but I don’t. Why is RE an exemption? The second would be requiring down payments when buying a property. This would be similar to margin requirements that were phased in by the SEC after the Great Depression. I would also like to see broker licensing and regulation (for both RE and Mortgage) along the lines of regulations that the SEC added to stock broker dealers. Presently, I don’t think there is any regulation that prevents a re-agent from inserting an intermediary buyer between the real seller of a property and the real buyer the broker is supposed to represent. There is for stock and commodity investments and violating that rule can get you banned for life.
