Home › Forums › Financial Markets/Economics › Where is the best place to put my money?
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July 28, 2010 at 3:57 PM #584730July 28, 2010 at 4:38 PM #583702stockstradrParticipant
I find it interesting how so many people think we have more of a deflation problem than an inflation problem.
There is an ever-larger circle of smart money and financial/economic analysts (albeit typically not mainstream) who consider eventual dollar collapse so certain, so inevitable that it doesn’t warrant debate regarding IF it will happen.
I’m in that camp. The long-game (to deal with eventual massive inflation) is so thoroughly discussed and planned out by most, that I don’t even mention it in posts any more.
Now, as for what will happen in the short to mid-term (next several years), that is very much open to debate.
Further, it is LAUGHABLE that anyone would think the last few YEARS have been inflationary for most items that Americans consume.
Not just for months, but for several years now we have seen price deflation, NOT inflation.
Almost every single item my family consumes, from cars to food to clothes to rent to satellite TV to electronic toys, has declined in price say 10% to 20% even 30% since late 2007.
One more important point, looking back we acknowledge that with the onset of this ugly recession in 2007,and the massive government stimulus that followed, we saw many inflation pundits jump up and exclaim that high inflation will follow immediately or within a year or two.
I bet my retirement portfolio (in the market, in commodities) that they were WRONG. I made lots of money.
The markets have PROVEN THEM WRONG about inflation in the near-term, and they have been forced to give up their position that inflation is imminent. What a joke!
Huge amounts of money have been lost by many since 2007 by their betting that inflation is about to hit (with the exception of those who bought and held gold)
July 28, 2010 at 4:38 PM #583793stockstradrParticipantI find it interesting how so many people think we have more of a deflation problem than an inflation problem.
There is an ever-larger circle of smart money and financial/economic analysts (albeit typically not mainstream) who consider eventual dollar collapse so certain, so inevitable that it doesn’t warrant debate regarding IF it will happen.
I’m in that camp. The long-game (to deal with eventual massive inflation) is so thoroughly discussed and planned out by most, that I don’t even mention it in posts any more.
Now, as for what will happen in the short to mid-term (next several years), that is very much open to debate.
Further, it is LAUGHABLE that anyone would think the last few YEARS have been inflationary for most items that Americans consume.
Not just for months, but for several years now we have seen price deflation, NOT inflation.
Almost every single item my family consumes, from cars to food to clothes to rent to satellite TV to electronic toys, has declined in price say 10% to 20% even 30% since late 2007.
One more important point, looking back we acknowledge that with the onset of this ugly recession in 2007,and the massive government stimulus that followed, we saw many inflation pundits jump up and exclaim that high inflation will follow immediately or within a year or two.
I bet my retirement portfolio (in the market, in commodities) that they were WRONG. I made lots of money.
The markets have PROVEN THEM WRONG about inflation in the near-term, and they have been forced to give up their position that inflation is imminent. What a joke!
Huge amounts of money have been lost by many since 2007 by their betting that inflation is about to hit (with the exception of those who bought and held gold)
July 28, 2010 at 4:38 PM #584330stockstradrParticipantI find it interesting how so many people think we have more of a deflation problem than an inflation problem.
There is an ever-larger circle of smart money and financial/economic analysts (albeit typically not mainstream) who consider eventual dollar collapse so certain, so inevitable that it doesn’t warrant debate regarding IF it will happen.
I’m in that camp. The long-game (to deal with eventual massive inflation) is so thoroughly discussed and planned out by most, that I don’t even mention it in posts any more.
Now, as for what will happen in the short to mid-term (next several years), that is very much open to debate.
Further, it is LAUGHABLE that anyone would think the last few YEARS have been inflationary for most items that Americans consume.
Not just for months, but for several years now we have seen price deflation, NOT inflation.
Almost every single item my family consumes, from cars to food to clothes to rent to satellite TV to electronic toys, has declined in price say 10% to 20% even 30% since late 2007.
One more important point, looking back we acknowledge that with the onset of this ugly recession in 2007,and the massive government stimulus that followed, we saw many inflation pundits jump up and exclaim that high inflation will follow immediately or within a year or two.
I bet my retirement portfolio (in the market, in commodities) that they were WRONG. I made lots of money.
The markets have PROVEN THEM WRONG about inflation in the near-term, and they have been forced to give up their position that inflation is imminent. What a joke!
Huge amounts of money have been lost by many since 2007 by their betting that inflation is about to hit (with the exception of those who bought and held gold)
July 28, 2010 at 4:38 PM #584438stockstradrParticipantI find it interesting how so many people think we have more of a deflation problem than an inflation problem.
There is an ever-larger circle of smart money and financial/economic analysts (albeit typically not mainstream) who consider eventual dollar collapse so certain, so inevitable that it doesn’t warrant debate regarding IF it will happen.
I’m in that camp. The long-game (to deal with eventual massive inflation) is so thoroughly discussed and planned out by most, that I don’t even mention it in posts any more.
Now, as for what will happen in the short to mid-term (next several years), that is very much open to debate.
Further, it is LAUGHABLE that anyone would think the last few YEARS have been inflationary for most items that Americans consume.
Not just for months, but for several years now we have seen price deflation, NOT inflation.
Almost every single item my family consumes, from cars to food to clothes to rent to satellite TV to electronic toys, has declined in price say 10% to 20% even 30% since late 2007.
One more important point, looking back we acknowledge that with the onset of this ugly recession in 2007,and the massive government stimulus that followed, we saw many inflation pundits jump up and exclaim that high inflation will follow immediately or within a year or two.
I bet my retirement portfolio (in the market, in commodities) that they were WRONG. I made lots of money.
The markets have PROVEN THEM WRONG about inflation in the near-term, and they have been forced to give up their position that inflation is imminent. What a joke!
Huge amounts of money have been lost by many since 2007 by their betting that inflation is about to hit (with the exception of those who bought and held gold)
July 28, 2010 at 4:38 PM #584740stockstradrParticipantI find it interesting how so many people think we have more of a deflation problem than an inflation problem.
There is an ever-larger circle of smart money and financial/economic analysts (albeit typically not mainstream) who consider eventual dollar collapse so certain, so inevitable that it doesn’t warrant debate regarding IF it will happen.
I’m in that camp. The long-game (to deal with eventual massive inflation) is so thoroughly discussed and planned out by most, that I don’t even mention it in posts any more.
Now, as for what will happen in the short to mid-term (next several years), that is very much open to debate.
Further, it is LAUGHABLE that anyone would think the last few YEARS have been inflationary for most items that Americans consume.
Not just for months, but for several years now we have seen price deflation, NOT inflation.
Almost every single item my family consumes, from cars to food to clothes to rent to satellite TV to electronic toys, has declined in price say 10% to 20% even 30% since late 2007.
One more important point, looking back we acknowledge that with the onset of this ugly recession in 2007,and the massive government stimulus that followed, we saw many inflation pundits jump up and exclaim that high inflation will follow immediately or within a year or two.
I bet my retirement portfolio (in the market, in commodities) that they were WRONG. I made lots of money.
The markets have PROVEN THEM WRONG about inflation in the near-term, and they have been forced to give up their position that inflation is imminent. What a joke!
Huge amounts of money have been lost by many since 2007 by their betting that inflation is about to hit (with the exception of those who bought and held gold)
July 28, 2010 at 6:11 PM #583732blakeParticipantJuly 28, 2010 at 6:11 PM #583824blakeParticipantJuly 28, 2010 at 6:11 PM #584360blakeParticipantJuly 28, 2010 at 6:11 PM #584468blakeParticipantJuly 28, 2010 at 6:11 PM #584770blakeParticipantJuly 28, 2010 at 6:17 PM #583737sobmazParticipantI want to live in your world where prices have fallen 20 to 30%.
Social security recipients must really be living high on the hog!
I have seen increases of at least 20% on my utility bills (per unit) since 2007, I have seen my true cost of using my health insurance increase by 2 to 400%. Yes, when your copay was 5. and goes to 20 that is 400%. Or your copay for a hospital stay goes from 200 to 1000, that is 500%. My rent has been 2100 a month for 2 years, that ain’t down.
Yes, I keep hearing about “falling rents” but they are statistically minuscule, especially when I look around here in San Diego and realize the cost of moving would eat up 7 years worth of rent savings.
Now yes, I have seen 20 to 50% reductions in consumer items, consumer items that don’t last like they use to but most of my money goes towards those items that have increased more.
I am not saying rampant inflation is the immediate concern. I am saying the fed has got people talking so much about “deflation”, they have people believeing a 30 year bond that pays just over 3% is a fair price because they believe long term deflation is an actual concern. In other words, the “fear of delfation” is a big fat joke as deflation would be the best thing that happened to Americans who are savers.
Those who set themselves up, investment wise, for deflation have done well from 2007 to 2009 and poorly since march of 2009. It is going forward that counts and I think that going forward you need to have your head examined if you were to buy a 30year bond that pays 3%.
Inflation has been the rule for this government since 1902 and it will remain the rule. THe deflation of the early 1930s and the short bout of deflation we HAD recently, were flukes.
July 28, 2010 at 6:17 PM #583829sobmazParticipantI want to live in your world where prices have fallen 20 to 30%.
Social security recipients must really be living high on the hog!
I have seen increases of at least 20% on my utility bills (per unit) since 2007, I have seen my true cost of using my health insurance increase by 2 to 400%. Yes, when your copay was 5. and goes to 20 that is 400%. Or your copay for a hospital stay goes from 200 to 1000, that is 500%. My rent has been 2100 a month for 2 years, that ain’t down.
Yes, I keep hearing about “falling rents” but they are statistically minuscule, especially when I look around here in San Diego and realize the cost of moving would eat up 7 years worth of rent savings.
Now yes, I have seen 20 to 50% reductions in consumer items, consumer items that don’t last like they use to but most of my money goes towards those items that have increased more.
I am not saying rampant inflation is the immediate concern. I am saying the fed has got people talking so much about “deflation”, they have people believeing a 30 year bond that pays just over 3% is a fair price because they believe long term deflation is an actual concern. In other words, the “fear of delfation” is a big fat joke as deflation would be the best thing that happened to Americans who are savers.
Those who set themselves up, investment wise, for deflation have done well from 2007 to 2009 and poorly since march of 2009. It is going forward that counts and I think that going forward you need to have your head examined if you were to buy a 30year bond that pays 3%.
Inflation has been the rule for this government since 1902 and it will remain the rule. THe deflation of the early 1930s and the short bout of deflation we HAD recently, were flukes.
July 28, 2010 at 6:17 PM #584365sobmazParticipantI want to live in your world where prices have fallen 20 to 30%.
Social security recipients must really be living high on the hog!
I have seen increases of at least 20% on my utility bills (per unit) since 2007, I have seen my true cost of using my health insurance increase by 2 to 400%. Yes, when your copay was 5. and goes to 20 that is 400%. Or your copay for a hospital stay goes from 200 to 1000, that is 500%. My rent has been 2100 a month for 2 years, that ain’t down.
Yes, I keep hearing about “falling rents” but they are statistically minuscule, especially when I look around here in San Diego and realize the cost of moving would eat up 7 years worth of rent savings.
Now yes, I have seen 20 to 50% reductions in consumer items, consumer items that don’t last like they use to but most of my money goes towards those items that have increased more.
I am not saying rampant inflation is the immediate concern. I am saying the fed has got people talking so much about “deflation”, they have people believeing a 30 year bond that pays just over 3% is a fair price because they believe long term deflation is an actual concern. In other words, the “fear of delfation” is a big fat joke as deflation would be the best thing that happened to Americans who are savers.
Those who set themselves up, investment wise, for deflation have done well from 2007 to 2009 and poorly since march of 2009. It is going forward that counts and I think that going forward you need to have your head examined if you were to buy a 30year bond that pays 3%.
Inflation has been the rule for this government since 1902 and it will remain the rule. THe deflation of the early 1930s and the short bout of deflation we HAD recently, were flukes.
July 28, 2010 at 6:17 PM #584473sobmazParticipantI want to live in your world where prices have fallen 20 to 30%.
Social security recipients must really be living high on the hog!
I have seen increases of at least 20% on my utility bills (per unit) since 2007, I have seen my true cost of using my health insurance increase by 2 to 400%. Yes, when your copay was 5. and goes to 20 that is 400%. Or your copay for a hospital stay goes from 200 to 1000, that is 500%. My rent has been 2100 a month for 2 years, that ain’t down.
Yes, I keep hearing about “falling rents” but they are statistically minuscule, especially when I look around here in San Diego and realize the cost of moving would eat up 7 years worth of rent savings.
Now yes, I have seen 20 to 50% reductions in consumer items, consumer items that don’t last like they use to but most of my money goes towards those items that have increased more.
I am not saying rampant inflation is the immediate concern. I am saying the fed has got people talking so much about “deflation”, they have people believeing a 30 year bond that pays just over 3% is a fair price because they believe long term deflation is an actual concern. In other words, the “fear of delfation” is a big fat joke as deflation would be the best thing that happened to Americans who are savers.
Those who set themselves up, investment wise, for deflation have done well from 2007 to 2009 and poorly since march of 2009. It is going forward that counts and I think that going forward you need to have your head examined if you were to buy a 30year bond that pays 3%.
Inflation has been the rule for this government since 1902 and it will remain the rule. THe deflation of the early 1930s and the short bout of deflation we HAD recently, were flukes.
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