Forum Replies Created
-
AuthorPosts
-
Rich ToscanoKeymaster[quote=sdduuuude]Just so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.[/quote]
Yes.
Rich
Rich ToscanoKeymaster[quote=sdduuuude]Just so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.[/quote]
Yes.
Rich
Rich ToscanoKeymaster[quote=sdduuuude]Just so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.[/quote]
Yes.
Rich
Rich ToscanoKeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
Rich ToscanoKeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
Rich ToscanoKeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
Rich ToscanoKeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
Rich ToscanoKeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
Rich ToscanoKeymasterWhat you say about the deeds makes sense. If this is the case, then it is indeed a non-issue because we just aren’t seeing that many sales.
However I think you are too quick to dismiss the importance of a property passing from weak hands (banks) to strong hands (investors who may keep them off the market for a while). This may or may not be happening, but if it were, it would not be a “non-issue.”
As to whether it is happening… I agree that there doesn’t seem to be evidence of it, but I don’t really know enough about the procedural aspects of bulk buying to have an opinion of my own.
Rich
Rich ToscanoKeymasterWhat you say about the deeds makes sense. If this is the case, then it is indeed a non-issue because we just aren’t seeing that many sales.
However I think you are too quick to dismiss the importance of a property passing from weak hands (banks) to strong hands (investors who may keep them off the market for a while). This may or may not be happening, but if it were, it would not be a “non-issue.”
As to whether it is happening… I agree that there doesn’t seem to be evidence of it, but I don’t really know enough about the procedural aspects of bulk buying to have an opinion of my own.
Rich
Rich ToscanoKeymasterWhat you say about the deeds makes sense. If this is the case, then it is indeed a non-issue because we just aren’t seeing that many sales.
However I think you are too quick to dismiss the importance of a property passing from weak hands (banks) to strong hands (investors who may keep them off the market for a while). This may or may not be happening, but if it were, it would not be a “non-issue.”
As to whether it is happening… I agree that there doesn’t seem to be evidence of it, but I don’t really know enough about the procedural aspects of bulk buying to have an opinion of my own.
Rich
Rich ToscanoKeymasterWhat you say about the deeds makes sense. If this is the case, then it is indeed a non-issue because we just aren’t seeing that many sales.
However I think you are too quick to dismiss the importance of a property passing from weak hands (banks) to strong hands (investors who may keep them off the market for a while). This may or may not be happening, but if it were, it would not be a “non-issue.”
As to whether it is happening… I agree that there doesn’t seem to be evidence of it, but I don’t really know enough about the procedural aspects of bulk buying to have an opinion of my own.
Rich
Rich ToscanoKeymasterWhat you say about the deeds makes sense. If this is the case, then it is indeed a non-issue because we just aren’t seeing that many sales.
However I think you are too quick to dismiss the importance of a property passing from weak hands (banks) to strong hands (investors who may keep them off the market for a while). This may or may not be happening, but if it were, it would not be a “non-issue.”
As to whether it is happening… I agree that there doesn’t seem to be evidence of it, but I don’t really know enough about the procedural aspects of bulk buying to have an opinion of my own.
Rich
Rich ToscanoKeymaster[quote=Effective Demand]Dataquick takes sales from County records. So the only way “shadow” sales would be happening and people not know about it would be if the new entity didn’t record the deed.
But ask yourself, even if a group did a bulk REO buys they are doing it to sell the homes so that supply is coming on market anyways.
Non-issue.[/quote]
I don’t think it’s a non-issue. Maybe they are going to resell it, or maybe not, or maybe they will just trickle it out, etc. Regardless, if there are shadow sales offsetting shadow inventory I think that’s significant.
So it seems like the consensus here is that bulk buyers wouldn’t have to record the sale, and there may indeed be shadow sales taking place?
It would be cool if we could get some data on this but I don’t have the first idea how…
rich
-
AuthorPosts
