- This topic has 140 replies, 16 voices, and was last updated 15 years ago by Coronita.
-
AuthorPosts
-
April 26, 2009 at 1:14 PM #388173April 26, 2009 at 1:22 PM #387519CA renterParticipant
Yes, good points, PR.
It will be interesting to see how effective their inflationary tactics will be, and to see what the unexpected consequences will be.
April 26, 2009 at 1:22 PM #387789CA renterParticipantYes, good points, PR.
It will be interesting to see how effective their inflationary tactics will be, and to see what the unexpected consequences will be.
April 26, 2009 at 1:22 PM #387990CA renterParticipantYes, good points, PR.
It will be interesting to see how effective their inflationary tactics will be, and to see what the unexpected consequences will be.
April 26, 2009 at 1:22 PM #388044CA renterParticipantYes, good points, PR.
It will be interesting to see how effective their inflationary tactics will be, and to see what the unexpected consequences will be.
April 26, 2009 at 1:22 PM #388183CA renterParticipantYes, good points, PR.
It will be interesting to see how effective their inflationary tactics will be, and to see what the unexpected consequences will be.
April 26, 2009 at 8:12 PM #387756CoronitaParticipant[quote=CA renter][quote=paranoid]patientrenter, you draw your conclusion too quickly by assuming that hyperinflation is or will soon occur.
What I’m seeing instead is DEflation worldwide, not inflation, nor hyperinflation. I believe in short term, more DEflation will occur. We will have plain time to see housing price drop to a much lower level before it starts to increase again. Sure US is not Japan. But there are a lot of similarities.
I believe most people, including most piggs, will be surprised by how low the housing price will go.[/quote]
The govt is definitely trying to turn us into a Japan.
[/quote]I read Rich’s article. And it was a very interesting point about why or government would be choosing inflation versus a deflation strategy. Afterall, unlike japan, America is heavily in debt.
Debasing the dollar does wonders on all those IOU’s (at the expense of folks who are saving earning that 2-3% on that CD).April 26, 2009 at 8:12 PM #388024CoronitaParticipant[quote=CA renter][quote=paranoid]patientrenter, you draw your conclusion too quickly by assuming that hyperinflation is or will soon occur.
What I’m seeing instead is DEflation worldwide, not inflation, nor hyperinflation. I believe in short term, more DEflation will occur. We will have plain time to see housing price drop to a much lower level before it starts to increase again. Sure US is not Japan. But there are a lot of similarities.
I believe most people, including most piggs, will be surprised by how low the housing price will go.[/quote]
The govt is definitely trying to turn us into a Japan.
[/quote]I read Rich’s article. And it was a very interesting point about why or government would be choosing inflation versus a deflation strategy. Afterall, unlike japan, America is heavily in debt.
Debasing the dollar does wonders on all those IOU’s (at the expense of folks who are saving earning that 2-3% on that CD).April 26, 2009 at 8:12 PM #388223CoronitaParticipant[quote=CA renter][quote=paranoid]patientrenter, you draw your conclusion too quickly by assuming that hyperinflation is or will soon occur.
What I’m seeing instead is DEflation worldwide, not inflation, nor hyperinflation. I believe in short term, more DEflation will occur. We will have plain time to see housing price drop to a much lower level before it starts to increase again. Sure US is not Japan. But there are a lot of similarities.
I believe most people, including most piggs, will be surprised by how low the housing price will go.[/quote]
The govt is definitely trying to turn us into a Japan.
[/quote]I read Rich’s article. And it was a very interesting point about why or government would be choosing inflation versus a deflation strategy. Afterall, unlike japan, America is heavily in debt.
Debasing the dollar does wonders on all those IOU’s (at the expense of folks who are saving earning that 2-3% on that CD).April 26, 2009 at 8:12 PM #388276CoronitaParticipant[quote=CA renter][quote=paranoid]patientrenter, you draw your conclusion too quickly by assuming that hyperinflation is or will soon occur.
What I’m seeing instead is DEflation worldwide, not inflation, nor hyperinflation. I believe in short term, more DEflation will occur. We will have plain time to see housing price drop to a much lower level before it starts to increase again. Sure US is not Japan. But there are a lot of similarities.
I believe most people, including most piggs, will be surprised by how low the housing price will go.[/quote]
The govt is definitely trying to turn us into a Japan.
[/quote]I read Rich’s article. And it was a very interesting point about why or government would be choosing inflation versus a deflation strategy. Afterall, unlike japan, America is heavily in debt.
Debasing the dollar does wonders on all those IOU’s (at the expense of folks who are saving earning that 2-3% on that CD).April 26, 2009 at 8:12 PM #388415CoronitaParticipant[quote=CA renter][quote=paranoid]patientrenter, you draw your conclusion too quickly by assuming that hyperinflation is or will soon occur.
What I’m seeing instead is DEflation worldwide, not inflation, nor hyperinflation. I believe in short term, more DEflation will occur. We will have plain time to see housing price drop to a much lower level before it starts to increase again. Sure US is not Japan. But there are a lot of similarities.
I believe most people, including most piggs, will be surprised by how low the housing price will go.[/quote]
The govt is definitely trying to turn us into a Japan.
[/quote]I read Rich’s article. And it was a very interesting point about why or government would be choosing inflation versus a deflation strategy. Afterall, unlike japan, America is heavily in debt.
Debasing the dollar does wonders on all those IOU’s (at the expense of folks who are saving earning that 2-3% on that CD).April 26, 2009 at 9:02 PM #387816patientrenterParticipantIt’s not just the net external debt, flu. That’s actually fairly small compared to the perceived net internal debt. Every $1 of debt is someone else’s savings. But if you were to do a survey of US voters, and ask them their (non-equity) savings and their debt, you’d find the average debt number is much bigger, and many more people see themselves as in net debt than vice versa.
That’s because a lot of people’s savings are indirectly owned, through pension plans etc in which they have an interest, but whose assets they don’t manage or even see. And wealth is concentrated, so a lot savings are in the hands of a small % of people.
The result is that most US voters see low interest rates, debt forgiveness, etc in a favorable light. That the entire country has maybe 10% more debt than savings is just icing on the cake, one more nudge in the direction of making debt repudiation attractive politically.
April 26, 2009 at 9:02 PM #388085patientrenterParticipantIt’s not just the net external debt, flu. That’s actually fairly small compared to the perceived net internal debt. Every $1 of debt is someone else’s savings. But if you were to do a survey of US voters, and ask them their (non-equity) savings and their debt, you’d find the average debt number is much bigger, and many more people see themselves as in net debt than vice versa.
That’s because a lot of people’s savings are indirectly owned, through pension plans etc in which they have an interest, but whose assets they don’t manage or even see. And wealth is concentrated, so a lot savings are in the hands of a small % of people.
The result is that most US voters see low interest rates, debt forgiveness, etc in a favorable light. That the entire country has maybe 10% more debt than savings is just icing on the cake, one more nudge in the direction of making debt repudiation attractive politically.
April 26, 2009 at 9:02 PM #388283patientrenterParticipantIt’s not just the net external debt, flu. That’s actually fairly small compared to the perceived net internal debt. Every $1 of debt is someone else’s savings. But if you were to do a survey of US voters, and ask them their (non-equity) savings and their debt, you’d find the average debt number is much bigger, and many more people see themselves as in net debt than vice versa.
That’s because a lot of people’s savings are indirectly owned, through pension plans etc in which they have an interest, but whose assets they don’t manage or even see. And wealth is concentrated, so a lot savings are in the hands of a small % of people.
The result is that most US voters see low interest rates, debt forgiveness, etc in a favorable light. That the entire country has maybe 10% more debt than savings is just icing on the cake, one more nudge in the direction of making debt repudiation attractive politically.
April 26, 2009 at 9:02 PM #388335patientrenterParticipantIt’s not just the net external debt, flu. That’s actually fairly small compared to the perceived net internal debt. Every $1 of debt is someone else’s savings. But if you were to do a survey of US voters, and ask them their (non-equity) savings and their debt, you’d find the average debt number is much bigger, and many more people see themselves as in net debt than vice versa.
That’s because a lot of people’s savings are indirectly owned, through pension plans etc in which they have an interest, but whose assets they don’t manage or even see. And wealth is concentrated, so a lot savings are in the hands of a small % of people.
The result is that most US voters see low interest rates, debt forgiveness, etc in a favorable light. That the entire country has maybe 10% more debt than savings is just icing on the cake, one more nudge in the direction of making debt repudiation attractive politically.
-
AuthorPosts
- You must be logged in to reply to this topic.