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June 6, 2008 at 2:15 PM #218521June 6, 2008 at 2:21 PM #218675cowboyParticipant
There was a report done using todays inflation data with the Reagan Era inflation calculations. The number came to 11% inflation. And even back then they had some fudging of the calculation.
June 6, 2008 at 2:21 PM #218693cowboyParticipantThere was a report done using todays inflation data with the Reagan Era inflation calculations. The number came to 11% inflation. And even back then they had some fudging of the calculation.
June 6, 2008 at 2:21 PM #218641cowboyParticipantThere was a report done using todays inflation data with the Reagan Era inflation calculations. The number came to 11% inflation. And even back then they had some fudging of the calculation.
June 6, 2008 at 2:21 PM #218532cowboyParticipantThere was a report done using todays inflation data with the Reagan Era inflation calculations. The number came to 11% inflation. And even back then they had some fudging of the calculation.
June 6, 2008 at 2:21 PM #218624cowboyParticipantThere was a report done using todays inflation data with the Reagan Era inflation calculations. The number came to 11% inflation. And even back then they had some fudging of the calculation.
June 6, 2008 at 2:22 PM #218646Patience_is_a_virtueParticipantIt would be unfair – outrageous – to ask him and others to pay for other people’s losses.
Our country is unfair in many respects. We pay for people who drive without insurance, we pay for people who goto the hospital without insurance, we pay welfare, etc etc.
That it is unfair almost doesn’t matter in this country.
June 6, 2008 at 2:22 PM #218699Patience_is_a_virtueParticipantIt would be unfair – outrageous – to ask him and others to pay for other people’s losses.
Our country is unfair in many respects. We pay for people who drive without insurance, we pay for people who goto the hospital without insurance, we pay welfare, etc etc.
That it is unfair almost doesn’t matter in this country.
June 6, 2008 at 2:22 PM #218538Patience_is_a_virtueParticipantIt would be unfair – outrageous – to ask him and others to pay for other people’s losses.
Our country is unfair in many respects. We pay for people who drive without insurance, we pay for people who goto the hospital without insurance, we pay welfare, etc etc.
That it is unfair almost doesn’t matter in this country.
June 6, 2008 at 2:22 PM #218680Patience_is_a_virtueParticipantIt would be unfair – outrageous – to ask him and others to pay for other people’s losses.
Our country is unfair in many respects. We pay for people who drive without insurance, we pay for people who goto the hospital without insurance, we pay welfare, etc etc.
That it is unfair almost doesn’t matter in this country.
June 6, 2008 at 2:22 PM #218627Patience_is_a_virtueParticipantIt would be unfair – outrageous – to ask him and others to pay for other people’s losses.
Our country is unfair in many respects. We pay for people who drive without insurance, we pay for people who goto the hospital without insurance, we pay welfare, etc etc.
That it is unfair almost doesn’t matter in this country.
June 6, 2008 at 2:54 PM #218667AnonymousGuestThe housing is just part of the over stretched credit problem. On the face, the home price goes down, the home owner loses equity. There maybe load adjustment, short sale, bank repossession etc. There may be some government assistance or bail out. But the big picture is really inflation, i.e. spread the pain to everybody. As this IS the BEST scenario. The US is spending at an unsustainable level both on individual level and government level. That is why we see the government running of deficit and many jobs moving overseas. We have seen signification loss of value in US dollar compared to Euro and Canadian dollar. Such inflation brings these benefits:
– The value of the debt denominated in US dollar goes down, making it easier to the government to repay the debts.
– The effective labor cost goes down. That will help export and slow down outsourcing.The downside is:
– People with savings lose.
– Standard of living goes down.
– Interest rate goes up. It will be harder to live on debt in the future.Back to the housing situation in San Diego, the cost will not return to really affordable level simply because there is no oversupply rather overpriced. It is just getting less over priced.
June 6, 2008 at 2:54 PM #218720AnonymousGuestThe housing is just part of the over stretched credit problem. On the face, the home price goes down, the home owner loses equity. There maybe load adjustment, short sale, bank repossession etc. There may be some government assistance or bail out. But the big picture is really inflation, i.e. spread the pain to everybody. As this IS the BEST scenario. The US is spending at an unsustainable level both on individual level and government level. That is why we see the government running of deficit and many jobs moving overseas. We have seen signification loss of value in US dollar compared to Euro and Canadian dollar. Such inflation brings these benefits:
– The value of the debt denominated in US dollar goes down, making it easier to the government to repay the debts.
– The effective labor cost goes down. That will help export and slow down outsourcing.The downside is:
– People with savings lose.
– Standard of living goes down.
– Interest rate goes up. It will be harder to live on debt in the future.Back to the housing situation in San Diego, the cost will not return to really affordable level simply because there is no oversupply rather overpriced. It is just getting less over priced.
June 6, 2008 at 2:54 PM #218558AnonymousGuestThe housing is just part of the over stretched credit problem. On the face, the home price goes down, the home owner loses equity. There maybe load adjustment, short sale, bank repossession etc. There may be some government assistance or bail out. But the big picture is really inflation, i.e. spread the pain to everybody. As this IS the BEST scenario. The US is spending at an unsustainable level both on individual level and government level. That is why we see the government running of deficit and many jobs moving overseas. We have seen signification loss of value in US dollar compared to Euro and Canadian dollar. Such inflation brings these benefits:
– The value of the debt denominated in US dollar goes down, making it easier to the government to repay the debts.
– The effective labor cost goes down. That will help export and slow down outsourcing.The downside is:
– People with savings lose.
– Standard of living goes down.
– Interest rate goes up. It will be harder to live on debt in the future.Back to the housing situation in San Diego, the cost will not return to really affordable level simply because there is no oversupply rather overpriced. It is just getting less over priced.
June 6, 2008 at 2:54 PM #218698AnonymousGuestThe housing is just part of the over stretched credit problem. On the face, the home price goes down, the home owner loses equity. There maybe load adjustment, short sale, bank repossession etc. There may be some government assistance or bail out. But the big picture is really inflation, i.e. spread the pain to everybody. As this IS the BEST scenario. The US is spending at an unsustainable level both on individual level and government level. That is why we see the government running of deficit and many jobs moving overseas. We have seen signification loss of value in US dollar compared to Euro and Canadian dollar. Such inflation brings these benefits:
– The value of the debt denominated in US dollar goes down, making it easier to the government to repay the debts.
– The effective labor cost goes down. That will help export and slow down outsourcing.The downside is:
– People with savings lose.
– Standard of living goes down.
– Interest rate goes up. It will be harder to live on debt in the future.Back to the housing situation in San Diego, the cost will not return to really affordable level simply because there is no oversupply rather overpriced. It is just getting less over priced.
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