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sdduuuude
ParticipantReally, we need people to stop expecting prices to come down before they start purchasing things again. We don’t necessarily need inflation for a recovery, though.
Actually, two things will really bring on a recovery. First, prices need to come down to affordable levels, then start to creep back up just a little. This way, people can afford the things they need, and justify the purchase because they can say “the price will be higher later.”
I believe it was Rich who said the Fed doesn’t really manage inflation, they manage inflation expectations. This is why.
Good question.
sdduuuude
ParticipantReally, we need people to stop expecting prices to come down before they start purchasing things again. We don’t necessarily need inflation for a recovery, though.
Actually, two things will really bring on a recovery. First, prices need to come down to affordable levels, then start to creep back up just a little. This way, people can afford the things they need, and justify the purchase because they can say “the price will be higher later.”
I believe it was Rich who said the Fed doesn’t really manage inflation, they manage inflation expectations. This is why.
Good question.
sdduuuude
ParticipantReally, we need people to stop expecting prices to come down before they start purchasing things again. We don’t necessarily need inflation for a recovery, though.
Actually, two things will really bring on a recovery. First, prices need to come down to affordable levels, then start to creep back up just a little. This way, people can afford the things they need, and justify the purchase because they can say “the price will be higher later.”
I believe it was Rich who said the Fed doesn’t really manage inflation, they manage inflation expectations. This is why.
Good question.
sdduuuude
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sdduuuude
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sdduuuude
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sdduuuude
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sdduuuude
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sdduuuude
ParticipantGood question. Bump.
sdduuuude
ParticipantGood question. Bump.
sdduuuude
ParticipantGood question. Bump.
sdduuuude
ParticipantGood question. Bump.
sdduuuude
ParticipantGood question. Bump.
February 23, 2009 at 3:42 PM in reply to: passive naive buyer+family friend agent + unscrupulous listing agent=mess #352789sdduuuude
ParticipantYou can take the engineer out of Vegas – but can you take the Vegas out of the engineer ?
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