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Diego Mamani
ParticipantI remember her very well. At some point many of us realized that conversing with her was pointless. I remember one thread where she was essentially saying “This is bad! High inflation is coming! Run for the hills!” while on another thread she was arguing something along the lines of “This is bad! deflation is coming! Run for the hills!”
When this type of inconsistencies were pointed out to her, she admitted that she enjoyed a good argument (!) In other words, being feisty and argumentative just for the sake of it. There was a collective feeling fo empathy for her husband…
As for the 50% drop in some upscale areas… that may still happen in inflation-adjusted dollars, which are the only measure that matters when we compare dollar prices over time.
ParticipantI remember her very well. At some point many of us realized that conversing with her was pointless. I remember one thread where she was essentially saying “This is bad! High inflation is coming! Run for the hills!” while on another thread she was arguing something along the lines of “This is bad! deflation is coming! Run for the hills!”
When this type of inconsistencies were pointed out to her, she admitted that she enjoyed a good argument (!) In other words, being feisty and argumentative just for the sake of it. There was a collective feeling fo empathy for her husband…
As for the 50% drop in some upscale areas… that may still happen in inflation-adjusted dollars, which are the only measure that matters when we compare dollar prices over time.
ParticipantI remember her very well. At some point many of us realized that conversing with her was pointless. I remember one thread where she was essentially saying “This is bad! High inflation is coming! Run for the hills!” while on another thread she was arguing something along the lines of “This is bad! deflation is coming! Run for the hills!”
When this type of inconsistencies were pointed out to her, she admitted that she enjoyed a good argument (!) In other words, being feisty and argumentative just for the sake of it. There was a collective feeling fo empathy for her husband…
As for the 50% drop in some upscale areas… that may still happen in inflation-adjusted dollars, which are the only measure that matters when we compare dollar prices over time.
ParticipantI remember her very well. At some point many of us realized that conversing with her was pointless. I remember one thread where she was essentially saying “This is bad! High inflation is coming! Run for the hills!” while on another thread she was arguing something along the lines of “This is bad! deflation is coming! Run for the hills!”
When this type of inconsistencies were pointed out to her, she admitted that she enjoyed a good argument (!) In other words, being feisty and argumentative just for the sake of it. There was a collective feeling fo empathy for her husband…
As for the 50% drop in some upscale areas… that may still happen in inflation-adjusted dollars, which are the only measure that matters when we compare dollar prices over time.
October 21, 2009 at 4:37 PM in reply to: A Different Take on the Bubble and Return to Pre-Bubble Pricing (with graph) #471891ParticipantSK, I agree with you. However, many people who say “CPI,” in reality mean to say “CPI inflation,” or “change in the CPI.” Maybe the article meant to say that the rate of increase in the CPI has fallen.
Of course, many of us think that CPI inflation will accelerate sooner rather than later due to all the liquidity in the system (stimulus and bail out money, essentially).
October 21, 2009 at 4:37 PM in reply to: A Different Take on the Bubble and Return to Pre-Bubble Pricing (with graph) #472071ParticipantSK, I agree with you. However, many people who say “CPI,” in reality mean to say “CPI inflation,” or “change in the CPI.” Maybe the article meant to say that the rate of increase in the CPI has fallen.
Of course, many of us think that CPI inflation will accelerate sooner rather than later due to all the liquidity in the system (stimulus and bail out money, essentially).
October 21, 2009 at 4:37 PM in reply to: A Different Take on the Bubble and Return to Pre-Bubble Pricing (with graph) #472429ParticipantSK, I agree with you. However, many people who say “CPI,” in reality mean to say “CPI inflation,” or “change in the CPI.” Maybe the article meant to say that the rate of increase in the CPI has fallen.
Of course, many of us think that CPI inflation will accelerate sooner rather than later due to all the liquidity in the system (stimulus and bail out money, essentially).
October 21, 2009 at 4:37 PM in reply to: A Different Take on the Bubble and Return to Pre-Bubble Pricing (with graph) #472505ParticipantSK, I agree with you. However, many people who say “CPI,” in reality mean to say “CPI inflation,” or “change in the CPI.” Maybe the article meant to say that the rate of increase in the CPI has fallen.
Of course, many of us think that CPI inflation will accelerate sooner rather than later due to all the liquidity in the system (stimulus and bail out money, essentially).
October 21, 2009 at 4:37 PM in reply to: A Different Take on the Bubble and Return to Pre-Bubble Pricing (with graph) #472728ParticipantSK, I agree with you. However, many people who say “CPI,” in reality mean to say “CPI inflation,” or “change in the CPI.” Maybe the article meant to say that the rate of increase in the CPI has fallen.
Of course, many of us think that CPI inflation will accelerate sooner rather than later due to all the liquidity in the system (stimulus and bail out money, essentially).
October 6, 2009 at 3:40 PM in reply to: Making micro loans to people in third world countries #464793Participant[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]
I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.
October 6, 2009 at 3:40 PM in reply to: Making micro loans to people in third world countries #464978Participant[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]
I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.
October 6, 2009 at 3:40 PM in reply to: Making micro loans to people in third world countries #465323Participant[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]
I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.
October 6, 2009 at 3:40 PM in reply to: Making micro loans to people in third world countries #465396Participant[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]
I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.
October 6, 2009 at 3:40 PM in reply to: Making micro loans to people in third world countries #465604Participant[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]
I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.
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