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JWM in SD
ParticipantJWM in SD
Josh,
Excellent, excellent, excellant!!!! I could not have done a better job myself. You are officially a Deflationista Disciple.
One point of contention though. The Fed / Bernanke doesnt really think they can stop the deflationary spiral. Yeah, I know…helicopter ben and all that non-sense. In reality all they are doing is mitigating the damage and slowing the rate of descent so that there is not a large scale systemic meltdown ala the Bear Sterns blow out.
The inflationary mindset, much like the housing price mindset, is so ingrained in the psyche of the masses that it is difficult for most of J6P to understand that rising prices do not necessarily equate with inflation. Unlike many posters I’ve seen who argue that the definition I use is too academic / abstract, I say bullshit. It is what is. It is the lack of consistency in the use of the terms that leads to massive confusion and obfuscation of the economic issues at hand disallowing for clear thinking on a complicated subject matter.
ParticipantJWM in SD
Josh,
Excellent, excellent, excellant!!!! I could not have done a better job myself. You are officially a Deflationista Disciple.
One point of contention though. The Fed / Bernanke doesnt really think they can stop the deflationary spiral. Yeah, I know…helicopter ben and all that non-sense. In reality all they are doing is mitigating the damage and slowing the rate of descent so that there is not a large scale systemic meltdown ala the Bear Sterns blow out.
The inflationary mindset, much like the housing price mindset, is so ingrained in the psyche of the masses that it is difficult for most of J6P to understand that rising prices do not necessarily equate with inflation. Unlike many posters I’ve seen who argue that the definition I use is too academic / abstract, I say bullshit. It is what is. It is the lack of consistency in the use of the terms that leads to massive confusion and obfuscation of the economic issues at hand disallowing for clear thinking on a complicated subject matter.
ParticipantJWM in SD
Josh,
Excellent, excellent, excellant!!!! I could not have done a better job myself. You are officially a Deflationista Disciple.
One point of contention though. The Fed / Bernanke doesnt really think they can stop the deflationary spiral. Yeah, I know…helicopter ben and all that non-sense. In reality all they are doing is mitigating the damage and slowing the rate of descent so that there is not a large scale systemic meltdown ala the Bear Sterns blow out.
The inflationary mindset, much like the housing price mindset, is so ingrained in the psyche of the masses that it is difficult for most of J6P to understand that rising prices do not necessarily equate with inflation. Unlike many posters I’ve seen who argue that the definition I use is too academic / abstract, I say bullshit. It is what is. It is the lack of consistency in the use of the terms that leads to massive confusion and obfuscation of the economic issues at hand disallowing for clear thinking on a complicated subject matter.
ParticipantJWM in SD
Josh,
Excellent, excellent, excellant!!!! I could not have done a better job myself. You are officially a Deflationista Disciple.
One point of contention though. The Fed / Bernanke doesnt really think they can stop the deflationary spiral. Yeah, I know…helicopter ben and all that non-sense. In reality all they are doing is mitigating the damage and slowing the rate of descent so that there is not a large scale systemic meltdown ala the Bear Sterns blow out.
The inflationary mindset, much like the housing price mindset, is so ingrained in the psyche of the masses that it is difficult for most of J6P to understand that rising prices do not necessarily equate with inflation. Unlike many posters I’ve seen who argue that the definition I use is too academic / abstract, I say bullshit. It is what is. It is the lack of consistency in the use of the terms that leads to massive confusion and obfuscation of the economic issues at hand disallowing for clear thinking on a complicated subject matter.
ParticipantJWM in SD
“Putting more money in the system is a necessity, but it doesn’t help that much. It’s like pushing string or herding cats.”
And that is why we are in for DEFLATION…not INFLATION. The Inflationistas will eat their words when it all said and done. Watch…..
ParticipantJWM in SD
“Putting more money in the system is a necessity, but it doesn’t help that much. It’s like pushing string or herding cats.”
And that is why we are in for DEFLATION…not INFLATION. The Inflationistas will eat their words when it all said and done. Watch…..
ParticipantJWM in SD
“Putting more money in the system is a necessity, but it doesn’t help that much. It’s like pushing string or herding cats.”
And that is why we are in for DEFLATION…not INFLATION. The Inflationistas will eat their words when it all said and done. Watch…..
ParticipantJWM in SD
“Putting more money in the system is a necessity, but it doesn’t help that much. It’s like pushing string or herding cats.”
And that is why we are in for DEFLATION…not INFLATION. The Inflationistas will eat their words when it all said and done. Watch…..
ParticipantJWM in SD
“Putting more money in the system is a necessity, but it doesn’t help that much. It’s like pushing string or herding cats.”
And that is why we are in for DEFLATION…not INFLATION. The Inflationistas will eat their words when it all said and done. Watch…..
ParticipantJWM in SD
Yep, we’ve gone down the rabbit hole at this point and a lot people are still clueless about it although that is changing rather quickly.
Folks, here is the deal. We (RE bubble bloggers, savers, financially prudent) are all engaged in a game of Economic Chicken. Yeah, I know, it’s a very elementary and pedantic way of putting it, but I think it is appropriate. The other side of this is the The Powers That Be (Risk Loves, Uber Wealthy, Politicians, Clueless Masses). In their corner, they have power over policy and we have logic and faith in economic theory that has borne out over many hundreds of years surrounding fundamentally sound monetary policies and investment theory….I.E., the belief that at some point the fundamentals have to take hold in this whole mess with the primary question surrounding the fall out and degree of collateral damage (job losses, lack of purchasing power, all of the above). No one is going to emerge unscathed from this unfortunately.
We need to consolidate our knowledge in a more concerted effort to determine the best way to mitigate the inevitable damage that will done regardless of who wins the game of chicken.
What are your thoughts?????
ParticipantJWM in SD
Yep, we’ve gone down the rabbit hole at this point and a lot people are still clueless about it although that is changing rather quickly.
Folks, here is the deal. We (RE bubble bloggers, savers, financially prudent) are all engaged in a game of Economic Chicken. Yeah, I know, it’s a very elementary and pedantic way of putting it, but I think it is appropriate. The other side of this is the The Powers That Be (Risk Loves, Uber Wealthy, Politicians, Clueless Masses). In their corner, they have power over policy and we have logic and faith in economic theory that has borne out over many hundreds of years surrounding fundamentally sound monetary policies and investment theory….I.E., the belief that at some point the fundamentals have to take hold in this whole mess with the primary question surrounding the fall out and degree of collateral damage (job losses, lack of purchasing power, all of the above). No one is going to emerge unscathed from this unfortunately.
We need to consolidate our knowledge in a more concerted effort to determine the best way to mitigate the inevitable damage that will done regardless of who wins the game of chicken.
What are your thoughts?????
ParticipantJWM in SD
Yep, we’ve gone down the rabbit hole at this point and a lot people are still clueless about it although that is changing rather quickly.
Folks, here is the deal. We (RE bubble bloggers, savers, financially prudent) are all engaged in a game of Economic Chicken. Yeah, I know, it’s a very elementary and pedantic way of putting it, but I think it is appropriate. The other side of this is the The Powers That Be (Risk Loves, Uber Wealthy, Politicians, Clueless Masses). In their corner, they have power over policy and we have logic and faith in economic theory that has borne out over many hundreds of years surrounding fundamentally sound monetary policies and investment theory….I.E., the belief that at some point the fundamentals have to take hold in this whole mess with the primary question surrounding the fall out and degree of collateral damage (job losses, lack of purchasing power, all of the above). No one is going to emerge unscathed from this unfortunately.
We need to consolidate our knowledge in a more concerted effort to determine the best way to mitigate the inevitable damage that will done regardless of who wins the game of chicken.
What are your thoughts?????
ParticipantJWM in SD
Yep, we’ve gone down the rabbit hole at this point and a lot people are still clueless about it although that is changing rather quickly.
Folks, here is the deal. We (RE bubble bloggers, savers, financially prudent) are all engaged in a game of Economic Chicken. Yeah, I know, it’s a very elementary and pedantic way of putting it, but I think it is appropriate. The other side of this is the The Powers That Be (Risk Loves, Uber Wealthy, Politicians, Clueless Masses). In their corner, they have power over policy and we have logic and faith in economic theory that has borne out over many hundreds of years surrounding fundamentally sound monetary policies and investment theory….I.E., the belief that at some point the fundamentals have to take hold in this whole mess with the primary question surrounding the fall out and degree of collateral damage (job losses, lack of purchasing power, all of the above). No one is going to emerge unscathed from this unfortunately.
We need to consolidate our knowledge in a more concerted effort to determine the best way to mitigate the inevitable damage that will done regardless of who wins the game of chicken.
What are your thoughts?????
ParticipantJWM in SD
Yep, we’ve gone down the rabbit hole at this point and a lot people are still clueless about it although that is changing rather quickly.
Folks, here is the deal. We (RE bubble bloggers, savers, financially prudent) are all engaged in a game of Economic Chicken. Yeah, I know, it’s a very elementary and pedantic way of putting it, but I think it is appropriate. The other side of this is the The Powers That Be (Risk Loves, Uber Wealthy, Politicians, Clueless Masses). In their corner, they have power over policy and we have logic and faith in economic theory that has borne out over many hundreds of years surrounding fundamentally sound monetary policies and investment theory….I.E., the belief that at some point the fundamentals have to take hold in this whole mess with the primary question surrounding the fall out and degree of collateral damage (job losses, lack of purchasing power, all of the above). No one is going to emerge unscathed from this unfortunately.
We need to consolidate our knowledge in a more concerted effort to determine the best way to mitigate the inevitable damage that will done regardless of who wins the game of chicken.
What are your thoughts?????
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