How can I compete???

[sobmaz]

Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.

[jpinpb]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

The serious repercussions continue to be postponed indefinitely. Procrastination is the name of the game and that bill won’t be coming due for a while. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.

[jpinpb]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

The serious repercussions continue to be postponed indefinitely. Procrastination is the name of the game and that bill won’t be coming due for a while. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.

[jpinpb]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

The serious repercussions continue to be postponed indefinitely. Procrastination is the name of the game and that bill won’t be coming due for a while. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.

[jpinpb]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

The serious repercussions continue to be postponed indefinitely. Procrastination is the name of the game and that bill won’t be coming due for a while. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.

[jpinpb]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

The serious repercussions continue to be postponed indefinitely. Procrastination is the name of the game and that bill won’t be coming due for a while. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.

[aldante]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

That is the question…………….how much is too much. I would never have guessed that we could have doubled the national debt in a six month time frame but we did…….

[aldante]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

That is the question…………….how much is too much. I would never have guessed that we could have doubled the national debt in a six month time frame but we did…….

[aldante]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

That is the question…………….how much is too much. I would never have guessed that we could have doubled the national debt in a six month time frame but we did…….

[aldante]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

That is the question…………….how much is too much. I would never have guessed that we could have doubled the national debt in a six month time frame but we did…….

[aldante]

[quote=sobmaz]Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.[/quote]

That is the question…………….how much is too much. I would never have guessed that we could have doubled the national debt in a six month time frame but we did…….

[Diego Mamani]

[quote=jficquette]Be patient. Prices are going a lot lower.[/quote]

In real (inflation-adjusted) terms, I agree. But dollar (nominal) prices? I’m not so sure. The Fed and the Treasury have pumped unheard of amounts of liquidity into the system to save the skins of all those responsible for the mess we are in. True, other jobs were saved too (unemployment would have been far worse without the many bailouts), but I think we’ll pay a very high price for it.

The price? High inflation! Those of us who were responsible with our finances, who didn’t drink the kool aid, who lived within our means, who sold our real estate in 2005-2006, and who have savings, will be screwed. Our savings will erode and depreciate as inflation takes off. Talking heads on TV, including Prof. Alan Blinder say that inflation is not a problem b/c the Fed will reverse the liquidity injection once the economy recovers.

I think Blinder is naive. If it were so easy to control inflation, why did it get so out of hand in the 70s? Young people often buy the fallacious argument that our elders were stupid and that we are smart. That the 1970s Fed was inept, but the Fed of 2010-2015 will be accurate and infallible. That is a pollyanish assessment! And that’s why gold is so expensive: the market expects dollars to have less purchasing power in the medium and long term. Too late to buy gold now… but maybe I should start considering re-entering the real estate market. Once inflation takes off, as it did in the 70s, you’ll wish you had your savings in either stock (provided the issuing corporation doesn’t go bankrupt), or real estate. Holding on to cash will be (or already is) suicidal.

[Diego Mamani]

[quote=jficquette]Be patient. Prices are going a lot lower.[/quote]

In real (inflation-adjusted) terms, I agree. But dollar (nominal) prices? I’m not so sure. The Fed and the Treasury have pumped unheard of amounts of liquidity into the system to save the skins of all those responsible for the mess we are in. True, other jobs were saved too (unemployment would have been far worse without the many bailouts), but I think we’ll pay a very high price for it.

The price? High inflation! Those of us who were responsible with our finances, who didn’t drink the kool aid, who lived within our means, who sold our real estate in 2005-2006, and who have savings, will be screwed. Our savings will erode and depreciate as inflation takes off. Talking heads on TV, including Prof. Alan Blinder say that inflation is not a problem b/c the Fed will reverse the liquidity injection once the economy recovers.

I think Blinder is naive. If it were so easy to control inflation, why did it get so out of hand in the 70s? Young people often buy the fallacious argument that our elders were stupid and that we are smart. That the 1970s Fed was inept, but the Fed of 2010-2015 will be accurate and infallible. That is a pollyanish assessment! And that’s why gold is so expensive: the market expects dollars to have less purchasing power in the medium and long term. Too late to buy gold now… but maybe I should start considering re-entering the real estate market. Once inflation takes off, as it did in the 70s, you’ll wish you had your savings in either stock (provided the issuing corporation doesn’t go bankrupt), or real estate. Holding on to cash will be (or already is) suicidal.

[Diego Mamani]

[quote=jficquette]Be patient. Prices are going a lot lower.[/quote]

In real (inflation-adjusted) terms, I agree. But dollar (nominal) prices? I’m not so sure. The Fed and the Treasury have pumped unheard of amounts of liquidity into the system to save the skins of all those responsible for the mess we are in. True, other jobs were saved too (unemployment would have been far worse without the many bailouts), but I think we’ll pay a very high price for it.

The price? High inflation! Those of us who were responsible with our finances, who didn’t drink the kool aid, who lived within our means, who sold our real estate in 2005-2006, and who have savings, will be screwed. Our savings will erode and depreciate as inflation takes off. Talking heads on TV, including Prof. Alan Blinder say that inflation is not a problem b/c the Fed will reverse the liquidity injection once the economy recovers.

I think Blinder is naive. If it were so easy to control inflation, why did it get so out of hand in the 70s? Young people often buy the fallacious argument that our elders were stupid and that we are smart. That the 1970s Fed was inept, but the Fed of 2010-2015 will be accurate and infallible. That is a pollyanish assessment! And that’s why gold is so expensive: the market expects dollars to have less purchasing power in the medium and long term. Too late to buy gold now… but maybe I should start considering re-entering the real estate market. Once inflation takes off, as it did in the 70s, you’ll wish you had your savings in either stock (provided the issuing corporation doesn’t go bankrupt), or real estate. Holding on to cash will be (or already is) suicidal.

[Diego Mamani]

[quote=jficquette]Be patient. Prices are going a lot lower.[/quote]

In real (inflation-adjusted) terms, I agree. But dollar (nominal) prices? I’m not so sure. The Fed and the Treasury have pumped unheard of amounts of liquidity into the system to save the skins of all those responsible for the mess we are in. True, other jobs were saved too (unemployment would have been far worse without the many bailouts), but I think we’ll pay a very high price for it.

The price? High inflation! Those of us who were responsible with our finances, who didn’t drink the kool aid, who lived within our means, who sold our real estate in 2005-2006, and who have savings, will be screwed. Our savings will erode and depreciate as inflation takes off. Talking heads on TV, including Prof. Alan Blinder say that inflation is not a problem b/c the Fed will reverse the liquidity injection once the economy recovers.

I think Blinder is naive. If it were so easy to control inflation, why did it get so out of hand in the 70s? Young people often buy the fallacious argument that our elders were stupid and that we are smart. That the 1970s Fed was inept, but the Fed of 2010-2015 will be accurate and infallible. That is a pollyanish assessment! And that’s why gold is so expensive: the market expects dollars to have less purchasing power in the medium and long term. Too late to buy gold now… but maybe I should start considering re-entering the real estate market. Once inflation takes off, as it did in the 70s, you’ll wish you had your savings in either stock (provided the issuing corporation doesn’t go bankrupt), or real estate. Holding on to cash will be (or already is) suicidal.

[Author]

Posts