[Fearful]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]
I really do not understand the argument that QEn stimulates the economy. I understand it to be expansion of the money supply, pure and simple, to offset reduced money velocity from low economic activity, including high unemployment. It seems obvious to me that there will be no political will to raise interest rates and unwind QEn even when the dollar declines and inflation increases. I pity the risk averse saver, mostly the baby boomers, seeking to live off of nest egg interest. Negative real interest rates … commodity price inflation … the Krugman school saying, well, there is no wage inflation, so there must not be price inflation, therefore expansionary monetary policies must remain in place … sigh.

[Fearful]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]
I really do not understand the argument that QEn stimulates the economy. I understand it to be expansion of the money supply, pure and simple, to offset reduced money velocity from low economic activity, including high unemployment. It seems obvious to me that there will be no political will to raise interest rates and unwind QEn even when the dollar declines and inflation increases. I pity the risk averse saver, mostly the baby boomers, seeking to live off of nest egg interest. Negative real interest rates … commodity price inflation … the Krugman school saying, well, there is no wage inflation, so there must not be price inflation, therefore expansionary monetary policies must remain in place … sigh.

[Fearful]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]
I really do not understand the argument that QEn stimulates the economy. I understand it to be expansion of the money supply, pure and simple, to offset reduced money velocity from low economic activity, including high unemployment. It seems obvious to me that there will be no political will to raise interest rates and unwind QEn even when the dollar declines and inflation increases. I pity the risk averse saver, mostly the baby boomers, seeking to live off of nest egg interest. Negative real interest rates … commodity price inflation … the Krugman school saying, well, there is no wage inflation, so there must not be price inflation, therefore expansionary monetary policies must remain in place … sigh.

[Fearful]

[quote=BigGovernmentIsGood]In another thread, some idiot … Ignore this thread everyone …[/quote]

Paging Mr. Rich Toscano: One of the best improvements you could make to this comments section is to allow users to ignore others.

[Fearful]

[quote=BigGovernmentIsGood]In another thread, some idiot … Ignore this thread everyone …[/quote]

Paging Mr. Rich Toscano: One of the best improvements you could make to this comments section is to allow users to ignore others.

[Fearful]

[quote=BigGovernmentIsGood]In another thread, some idiot … Ignore this thread everyone …[/quote]

Paging Mr. Rich Toscano: One of the best improvements you could make to this comments section is to allow users to ignore others.

[Fearful]

[quote=BigGovernmentIsGood]In another thread, some idiot … Ignore this thread everyone …[/quote]

Paging Mr. Rich Toscano: One of the best improvements you could make to this comments section is to allow users to ignore others.

[Fearful]

[quote=BigGovernmentIsGood]In another thread, some idiot … Ignore this thread everyone …[/quote]

Paging Mr. Rich Toscano: One of the best improvements you could make to this comments section is to allow users to ignore others.

[Fearful]

[quote=Rich Toscano]

IIRC that $250k is prorated if you’ve been in less than two years (eg if you were in a year, the max is $125k).[/quote]
Correct, as I read http://www.irs.gov/publications/p523/ar02.html#en_US_publink1000200867

This applies to certain circumstances, such as work based relocation.

Besides the gain exclusion, any capital improvements can be added to the cost basis of the house for the purposes of calculating the capital gains.

[Fearful]

[quote=Rich Toscano]

IIRC that $250k is prorated if you’ve been in less than two years (eg if you were in a year, the max is $125k).[/quote]
Correct, as I read http://www.irs.gov/publications/p523/ar02.html#en_US_publink1000200867

This applies to certain circumstances, such as work based relocation.

Besides the gain exclusion, any capital improvements can be added to the cost basis of the house for the purposes of calculating the capital gains.

[Fearful]

[quote=Rich Toscano]

IIRC that $250k is prorated if you’ve been in less than two years (eg if you were in a year, the max is $125k).[/quote]
Correct, as I read http://www.irs.gov/publications/p523/ar02.html#en_US_publink1000200867

This applies to certain circumstances, such as work based relocation.

Besides the gain exclusion, any capital improvements can be added to the cost basis of the house for the purposes of calculating the capital gains.

[Fearful]

[quote=Rich Toscano]

IIRC that $250k is prorated if you’ve been in less than two years (eg if you were in a year, the max is $125k).[/quote]
Correct, as I read http://www.irs.gov/publications/p523/ar02.html#en_US_publink1000200867

This applies to certain circumstances, such as work based relocation.

Besides the gain exclusion, any capital improvements can be added to the cost basis of the house for the purposes of calculating the capital gains.

[Fearful]

[quote=Rich Toscano]

IIRC that $250k is prorated if you’ve been in less than two years (eg if you were in a year, the max is $125k).[/quote]
Correct, as I read http://www.irs.gov/publications/p523/ar02.html#en_US_publink1000200867

This applies to certain circumstances, such as work based relocation.

Besides the gain exclusion, any capital improvements can be added to the cost basis of the house for the purposes of calculating the capital gains.

[Fearful]

[quote=faterikcartman]Be sure to watch the “I want to buy a house” clip below the first one as well.[/quote]

Funny

“my brother’s friend, who worked at Wells Fargo two years ago, said I would get a loan”

[Fearful]

[quote=faterikcartman]Be sure to watch the “I want to buy a house” clip below the first one as well.[/quote]

Funny

“my brother’s friend, who worked at Wells Fargo two years ago, said I would get a loan”

[Author]

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