[Diego Mamani]

Cooprider14: Your idea of inflation is that every price goes up except salaries. That may be true in the short term, but once inflation gets much higher than the 3%-6% range, nominal salary increases are the norm.

Were you around in the 70s? Once the expectation of future price increases gets generalized, nominal wages go up.

High nominal incomes/salaries are not a cause for celebration in an inflationary environment: sure, an engineer who used to make $80K in 2005 may make $120K in 2011, but that’s of little or no help if food, clothing, rents, insurance premiums, etc., are also 50% higher.

A $400K house in the year 2001 got inflated to $800K in 2005 b/c of the bubble. By 2008 that house is still ridiculously overpriced at $620K. However, if inflation shoots up, by the year 2011 $620K may not be overpriced any more if gasoline is $5.00 a gallon, milk is $6.50/gallon, fish tacos are $10 and a cheap shirt is $35 (and not $20 as in 2005).

[Diego Mamani]

Cooprider14: Your idea of inflation is that every price goes up except salaries. That may be true in the short term, but once inflation gets much higher than the 3%-6% range, nominal salary increases are the norm.

Were you around in the 70s? Once the expectation of future price increases gets generalized, nominal wages go up.

High nominal incomes/salaries are not a cause for celebration in an inflationary environment: sure, an engineer who used to make $80K in 2005 may make $120K in 2011, but that’s of little or no help if food, clothing, rents, insurance premiums, etc., are also 50% higher.

A $400K house in the year 2001 got inflated to $800K in 2005 b/c of the bubble. By 2008 that house is still ridiculously overpriced at $620K. However, if inflation shoots up, by the year 2011 $620K may not be overpriced any more if gasoline is $5.00 a gallon, milk is $6.50/gallon, fish tacos are $10 and a cheap shirt is $35 (and not $20 as in 2005).

[Diego Mamani]

Cooprider14: Your idea of inflation is that every price goes up except salaries. That may be true in the short term, but once inflation gets much higher than the 3%-6% range, nominal salary increases are the norm.

Were you around in the 70s? Once the expectation of future price increases gets generalized, nominal wages go up.

High nominal incomes/salaries are not a cause for celebration in an inflationary environment: sure, an engineer who used to make $80K in 2005 may make $120K in 2011, but that’s of little or no help if food, clothing, rents, insurance premiums, etc., are also 50% higher.

A $400K house in the year 2001 got inflated to $800K in 2005 b/c of the bubble. By 2008 that house is still ridiculously overpriced at $620K. However, if inflation shoots up, by the year 2011 $620K may not be overpriced any more if gasoline is $5.00 a gallon, milk is $6.50/gallon, fish tacos are $10 and a cheap shirt is $35 (and not $20 as in 2005).

[Diego Mamani]

Cooprider14: Your idea of inflation is that every price goes up except salaries. That may be true in the short term, but once inflation gets much higher than the 3%-6% range, nominal salary increases are the norm.

Were you around in the 70s? Once the expectation of future price increases gets generalized, nominal wages go up.

High nominal incomes/salaries are not a cause for celebration in an inflationary environment: sure, an engineer who used to make $80K in 2005 may make $120K in 2011, but that’s of little or no help if food, clothing, rents, insurance premiums, etc., are also 50% higher.

A $400K house in the year 2001 got inflated to $800K in 2005 b/c of the bubble. By 2008 that house is still ridiculously overpriced at $620K. However, if inflation shoots up, by the year 2011 $620K may not be overpriced any more if gasoline is $5.00 a gallon, milk is $6.50/gallon, fish tacos are $10 and a cheap shirt is $35 (and not $20 as in 2005).

[Diego Mamani]

Cooprider14: Your idea of inflation is that every price goes up except salaries. That may be true in the short term, but once inflation gets much higher than the 3%-6% range, nominal salary increases are the norm.

Were you around in the 70s? Once the expectation of future price increases gets generalized, nominal wages go up.

High nominal incomes/salaries are not a cause for celebration in an inflationary environment: sure, an engineer who used to make $80K in 2005 may make $120K in 2011, but that’s of little or no help if food, clothing, rents, insurance premiums, etc., are also 50% higher.

A $400K house in the year 2001 got inflated to $800K in 2005 b/c of the bubble. By 2008 that house is still ridiculously overpriced at $620K. However, if inflation shoots up, by the year 2011 $620K may not be overpriced any more if gasoline is $5.00 a gallon, milk is $6.50/gallon, fish tacos are $10 and a cheap shirt is $35 (and not $20 as in 2005).

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

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