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Eugene
ParticipantIMHO a portion of NODs and trustee sales somehow got bumped from November to December. Maybe because of October fires, or Thanksgiving, or maybe even because lenders were waiting for details of the bailout plan.
ParticipantBy my calculations, Mira Mesa as a whole is only overpriced by 10% or so. Another 10% down and we’ll be back to 2000 affordability levels (monthly payment vs. median income). To reach low 200k’s, we need a regional recession (roll back some of the 30% increase in incomes, most of which happened in the last 3 years), significantly higher interest rates, or both.
ParticipantBy my calculations, Mira Mesa as a whole is only overpriced by 10% or so. Another 10% down and we’ll be back to 2000 affordability levels (monthly payment vs. median income). To reach low 200k’s, we need a regional recession (roll back some of the 30% increase in incomes, most of which happened in the last 3 years), significantly higher interest rates, or both.
ParticipantBy my calculations, Mira Mesa as a whole is only overpriced by 10% or so. Another 10% down and we’ll be back to 2000 affordability levels (monthly payment vs. median income). To reach low 200k’s, we need a regional recession (roll back some of the 30% increase in incomes, most of which happened in the last 3 years), significantly higher interest rates, or both.
ParticipantBy my calculations, Mira Mesa as a whole is only overpriced by 10% or so. Another 10% down and we’ll be back to 2000 affordability levels (monthly payment vs. median income). To reach low 200k’s, we need a regional recession (roll back some of the 30% increase in incomes, most of which happened in the last 3 years), significantly higher interest rates, or both.
ParticipantBy my calculations, Mira Mesa as a whole is only overpriced by 10% or so. Another 10% down and we’ll be back to 2000 affordability levels (monthly payment vs. median income). To reach low 200k’s, we need a regional recession (roll back some of the 30% increase in incomes, most of which happened in the last 3 years), significantly higher interest rates, or both.
ParticipantThe problem with Mish is his Austrian bias. Same goes for many other deflation advocates. Whenever you hear someone saying “the Fed is a private business”, or using the word “malinvestment”, or demanding to “flush bad debt from the system”, or accusing the government of understating the CPI for its evil purposes, that’s a dead giveaway.
When it comes to interpreting (and predicting) actions of the Federal Reserve, not to mention their possible outcomes, Austrian bias is a big obstacle.On Minyanville, half the articles talking about deflation are written by Mish.
Peter Schiff isn’t much better. His economics views are very shallow.
I don’t recall seeing any good articles discussing inflation vs. deflation with enough attention to details. Such as: the distinction between tradable and non-tradable goods and the realization that American economy is 80% services and non-tradables; interplay between exchange rates, trade deficits, long-term interest rates, money supply, and Bretton Woods II; Phillips curve (unemployment vs. inflation); whether inflation = money supply = CPI, if not, why; monetary and fiscal tools available to the government beyond simple rate-fixing.
inflation is the ONLY way we can pay our debt commitments, most notably social security and medicare
Social security and medicare are indexed to inflation.
ParticipantThe problem with Mish is his Austrian bias. Same goes for many other deflation advocates. Whenever you hear someone saying “the Fed is a private business”, or using the word “malinvestment”, or demanding to “flush bad debt from the system”, or accusing the government of understating the CPI for its evil purposes, that’s a dead giveaway.
When it comes to interpreting (and predicting) actions of the Federal Reserve, not to mention their possible outcomes, Austrian bias is a big obstacle.On Minyanville, half the articles talking about deflation are written by Mish.
Peter Schiff isn’t much better. His economics views are very shallow.
I don’t recall seeing any good articles discussing inflation vs. deflation with enough attention to details. Such as: the distinction between tradable and non-tradable goods and the realization that American economy is 80% services and non-tradables; interplay between exchange rates, trade deficits, long-term interest rates, money supply, and Bretton Woods II; Phillips curve (unemployment vs. inflation); whether inflation = money supply = CPI, if not, why; monetary and fiscal tools available to the government beyond simple rate-fixing.
inflation is the ONLY way we can pay our debt commitments, most notably social security and medicare
Social security and medicare are indexed to inflation.
ParticipantThe problem with Mish is his Austrian bias. Same goes for many other deflation advocates. Whenever you hear someone saying “the Fed is a private business”, or using the word “malinvestment”, or demanding to “flush bad debt from the system”, or accusing the government of understating the CPI for its evil purposes, that’s a dead giveaway.
When it comes to interpreting (and predicting) actions of the Federal Reserve, not to mention their possible outcomes, Austrian bias is a big obstacle.On Minyanville, half the articles talking about deflation are written by Mish.
Peter Schiff isn’t much better. His economics views are very shallow.
I don’t recall seeing any good articles discussing inflation vs. deflation with enough attention to details. Such as: the distinction between tradable and non-tradable goods and the realization that American economy is 80% services and non-tradables; interplay between exchange rates, trade deficits, long-term interest rates, money supply, and Bretton Woods II; Phillips curve (unemployment vs. inflation); whether inflation = money supply = CPI, if not, why; monetary and fiscal tools available to the government beyond simple rate-fixing.
inflation is the ONLY way we can pay our debt commitments, most notably social security and medicare
Social security and medicare are indexed to inflation.
ParticipantThe problem with Mish is his Austrian bias. Same goes for many other deflation advocates. Whenever you hear someone saying “the Fed is a private business”, or using the word “malinvestment”, or demanding to “flush bad debt from the system”, or accusing the government of understating the CPI for its evil purposes, that’s a dead giveaway.
When it comes to interpreting (and predicting) actions of the Federal Reserve, not to mention their possible outcomes, Austrian bias is a big obstacle.On Minyanville, half the articles talking about deflation are written by Mish.
Peter Schiff isn’t much better. His economics views are very shallow.
I don’t recall seeing any good articles discussing inflation vs. deflation with enough attention to details. Such as: the distinction between tradable and non-tradable goods and the realization that American economy is 80% services and non-tradables; interplay between exchange rates, trade deficits, long-term interest rates, money supply, and Bretton Woods II; Phillips curve (unemployment vs. inflation); whether inflation = money supply = CPI, if not, why; monetary and fiscal tools available to the government beyond simple rate-fixing.
inflation is the ONLY way we can pay our debt commitments, most notably social security and medicare
Social security and medicare are indexed to inflation.
ParticipantThe problem with Mish is his Austrian bias. Same goes for many other deflation advocates. Whenever you hear someone saying “the Fed is a private business”, or using the word “malinvestment”, or demanding to “flush bad debt from the system”, or accusing the government of understating the CPI for its evil purposes, that’s a dead giveaway.
When it comes to interpreting (and predicting) actions of the Federal Reserve, not to mention their possible outcomes, Austrian bias is a big obstacle.On Minyanville, half the articles talking about deflation are written by Mish.
Peter Schiff isn’t much better. His economics views are very shallow.
I don’t recall seeing any good articles discussing inflation vs. deflation with enough attention to details. Such as: the distinction between tradable and non-tradable goods and the realization that American economy is 80% services and non-tradables; interplay between exchange rates, trade deficits, long-term interest rates, money supply, and Bretton Woods II; Phillips curve (unemployment vs. inflation); whether inflation = money supply = CPI, if not, why; monetary and fiscal tools available to the government beyond simple rate-fixing.
inflation is the ONLY way we can pay our debt commitments, most notably social security and medicare
Social security and medicare are indexed to inflation.
ParticipantThe amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
ParticipantThe amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
ParticipantThe amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
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