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JWM in SD
ParticipantJWM in SD
Yawn….wake me up when they actually know how administer something like this properly. Until then, it is bullshit.
ParticipantJWM in SD
Yawn….wake me up when they actually know how administer something like this properly. Until then, it is bullshit.
ParticipantJWM in SD
Yawn….wake me up when they actually know how administer something like this properly. Until then, it is bullshit.
ParticipantJWM in SD
Yawn….wake me up when they actually know how administer something like this properly. Until then, it is bullshit.
ParticipantJWM in SD
Thanks 4plexowner…finally someone who knows WTF they are talking about.
Kewp, I usually agree with what you have to say, but you are off base on this issue. Believe it or not, you have actually espoused what Mish believes: A net Deflation or contraction of the credit / money supply. Yes, the Fed will likely inflate (although they have not done so as of yet)in order to counteract the Deflation of the Credit Bubble but the net effect will still deflationary. Re-Flation attempt will result in money going to places that the Fed cannot control like you indicated and there will be increases in certain commodities and goods. The inflation will not make it into Wages or RE again though and the FED cannot make that happen.
Prices will rise on necessities and drop on luxury goods and capital items (RE, Stocks, Equipment). Credit will be hard to maintain and obtain. Cash will be scarce.
This is the worst of scenarios to be honest and it’s why I am so pessimistic about the next several years. It is even worse for those who have heavy debt loads right now.
Two things that people need to get out of their heads or they will be in a lot trouble in the next few years:
One, the FED will save my house price appreciation via inflation. No they won’t. Why? Interest rates wills skyrocket if they do negating the effect. Would put us at the brink in weimer style HI. That would be game over for everyone.
Two, inflation will make its way into our incomes, and no, a $1,200 Gov check will not count.
ParticipantJWM in SD
Thanks 4plexowner…finally someone who knows WTF they are talking about.
Kewp, I usually agree with what you have to say, but you are off base on this issue. Believe it or not, you have actually espoused what Mish believes: A net Deflation or contraction of the credit / money supply. Yes, the Fed will likely inflate (although they have not done so as of yet)in order to counteract the Deflation of the Credit Bubble but the net effect will still deflationary. Re-Flation attempt will result in money going to places that the Fed cannot control like you indicated and there will be increases in certain commodities and goods. The inflation will not make it into Wages or RE again though and the FED cannot make that happen.
Prices will rise on necessities and drop on luxury goods and capital items (RE, Stocks, Equipment). Credit will be hard to maintain and obtain. Cash will be scarce.
This is the worst of scenarios to be honest and it’s why I am so pessimistic about the next several years. It is even worse for those who have heavy debt loads right now.
Two things that people need to get out of their heads or they will be in a lot trouble in the next few years:
One, the FED will save my house price appreciation via inflation. No they won’t. Why? Interest rates wills skyrocket if they do negating the effect. Would put us at the brink in weimer style HI. That would be game over for everyone.
Two, inflation will make its way into our incomes, and no, a $1,200 Gov check will not count.
ParticipantJWM in SD
Thanks 4plexowner…finally someone who knows WTF they are talking about.
Kewp, I usually agree with what you have to say, but you are off base on this issue. Believe it or not, you have actually espoused what Mish believes: A net Deflation or contraction of the credit / money supply. Yes, the Fed will likely inflate (although they have not done so as of yet)in order to counteract the Deflation of the Credit Bubble but the net effect will still deflationary. Re-Flation attempt will result in money going to places that the Fed cannot control like you indicated and there will be increases in certain commodities and goods. The inflation will not make it into Wages or RE again though and the FED cannot make that happen.
Prices will rise on necessities and drop on luxury goods and capital items (RE, Stocks, Equipment). Credit will be hard to maintain and obtain. Cash will be scarce.
This is the worst of scenarios to be honest and it’s why I am so pessimistic about the next several years. It is even worse for those who have heavy debt loads right now.
Two things that people need to get out of their heads or they will be in a lot trouble in the next few years:
One, the FED will save my house price appreciation via inflation. No they won’t. Why? Interest rates wills skyrocket if they do negating the effect. Would put us at the brink in weimer style HI. That would be game over for everyone.
Two, inflation will make its way into our incomes, and no, a $1,200 Gov check will not count.
ParticipantJWM in SD
Thanks 4plexowner…finally someone who knows WTF they are talking about.
Kewp, I usually agree with what you have to say, but you are off base on this issue. Believe it or not, you have actually espoused what Mish believes: A net Deflation or contraction of the credit / money supply. Yes, the Fed will likely inflate (although they have not done so as of yet)in order to counteract the Deflation of the Credit Bubble but the net effect will still deflationary. Re-Flation attempt will result in money going to places that the Fed cannot control like you indicated and there will be increases in certain commodities and goods. The inflation will not make it into Wages or RE again though and the FED cannot make that happen.
Prices will rise on necessities and drop on luxury goods and capital items (RE, Stocks, Equipment). Credit will be hard to maintain and obtain. Cash will be scarce.
This is the worst of scenarios to be honest and it’s why I am so pessimistic about the next several years. It is even worse for those who have heavy debt loads right now.
Two things that people need to get out of their heads or they will be in a lot trouble in the next few years:
One, the FED will save my house price appreciation via inflation. No they won’t. Why? Interest rates wills skyrocket if they do negating the effect. Would put us at the brink in weimer style HI. That would be game over for everyone.
Two, inflation will make its way into our incomes, and no, a $1,200 Gov check will not count.
ParticipantJWM in SD
Thanks 4plexowner…finally someone who knows WTF they are talking about.
Kewp, I usually agree with what you have to say, but you are off base on this issue. Believe it or not, you have actually espoused what Mish believes: A net Deflation or contraction of the credit / money supply. Yes, the Fed will likely inflate (although they have not done so as of yet)in order to counteract the Deflation of the Credit Bubble but the net effect will still deflationary. Re-Flation attempt will result in money going to places that the Fed cannot control like you indicated and there will be increases in certain commodities and goods. The inflation will not make it into Wages or RE again though and the FED cannot make that happen.
Prices will rise on necessities and drop on luxury goods and capital items (RE, Stocks, Equipment). Credit will be hard to maintain and obtain. Cash will be scarce.
This is the worst of scenarios to be honest and it’s why I am so pessimistic about the next several years. It is even worse for those who have heavy debt loads right now.
Two things that people need to get out of their heads or they will be in a lot trouble in the next few years:
One, the FED will save my house price appreciation via inflation. No they won’t. Why? Interest rates wills skyrocket if they do negating the effect. Would put us at the brink in weimer style HI. That would be game over for everyone.
Two, inflation will make its way into our incomes, and no, a $1,200 Gov check will not count.
ParticipantJWM in SD
Yes, BB will keep cutting to keep the Deflation (Credit Crunch) from getting out of control. Ultimately, he cannot stop the net contraction of money supply though.
Don’t buy now, you will get your ass handed to you if you do. Watch where long term rates are going and the bond market. They don’t give a shit about how much BB cuts the FFR. They have to account for risk and return of prinicipal and will price accordingly.
Anybody who buys a house now is quite simply a FOOL and will saddled with a rapidly depreciating and illiquid asset and locked into a high debt to income ratio in a deflationary environment. Not a good situation.
ParticipantJWM in SD
Yes, BB will keep cutting to keep the Deflation (Credit Crunch) from getting out of control. Ultimately, he cannot stop the net contraction of money supply though.
Don’t buy now, you will get your ass handed to you if you do. Watch where long term rates are going and the bond market. They don’t give a shit about how much BB cuts the FFR. They have to account for risk and return of prinicipal and will price accordingly.
Anybody who buys a house now is quite simply a FOOL and will saddled with a rapidly depreciating and illiquid asset and locked into a high debt to income ratio in a deflationary environment. Not a good situation.
ParticipantJWM in SD
Yes, BB will keep cutting to keep the Deflation (Credit Crunch) from getting out of control. Ultimately, he cannot stop the net contraction of money supply though.
Don’t buy now, you will get your ass handed to you if you do. Watch where long term rates are going and the bond market. They don’t give a shit about how much BB cuts the FFR. They have to account for risk and return of prinicipal and will price accordingly.
Anybody who buys a house now is quite simply a FOOL and will saddled with a rapidly depreciating and illiquid asset and locked into a high debt to income ratio in a deflationary environment. Not a good situation.
ParticipantJWM in SD
Yes, BB will keep cutting to keep the Deflation (Credit Crunch) from getting out of control. Ultimately, he cannot stop the net contraction of money supply though.
Don’t buy now, you will get your ass handed to you if you do. Watch where long term rates are going and the bond market. They don’t give a shit about how much BB cuts the FFR. They have to account for risk and return of prinicipal and will price accordingly.
Anybody who buys a house now is quite simply a FOOL and will saddled with a rapidly depreciating and illiquid asset and locked into a high debt to income ratio in a deflationary environment. Not a good situation.
ParticipantJWM in SD
Yes, BB will keep cutting to keep the Deflation (Credit Crunch) from getting out of control. Ultimately, he cannot stop the net contraction of money supply though.
Don’t buy now, you will get your ass handed to you if you do. Watch where long term rates are going and the bond market. They don’t give a shit about how much BB cuts the FFR. They have to account for risk and return of prinicipal and will price accordingly.
Anybody who buys a house now is quite simply a FOOL and will saddled with a rapidly depreciating and illiquid asset and locked into a high debt to income ratio in a deflationary environment. Not a good situation.
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