[spdrun]

FlyerInHI — the Fed has just blown bubbles in things that aren’t quantified by their measurement of inflation. i.e. local housing bubbles and stock bubbles. That’s what easing without appropriate government policy does.

If you think that no other developed country has the same combination of positive factors, you’ve never been to Australia or Canada.

And unlike those two countries, we have a big negative factor in our government. Liability averse, unwilling to meaningfully invest in infrastructure, containing people who take religious books literally, etc.

Lastly, we don’t need to be richer in money. We need to become richer in free time. A working week cap of 35 hours and 4-5 weeks of mandatory vacation time would be a good start in that department.

[spdrun]

Time to start letting him go out with friends w/o parents — he’ll soon discover female (or appropriately gendered) trick-or-treaters.

[spdrun]

1) Only if there are other willing buyers of gov’t debt at the prices the Fed pays
2) Sure, but there isn’t a prayer of a GOP House raising min wage significantly. At this point, it’s a state matter, practically speaking.

[spdrun]

Fed =/= the government.

Fed is a semi-private organization that mostly serves its own interests.

As far as the gov’t wanting inflation, if you can push up wages in absolute terms, collect more taxes, then you can pay the debt earlier. Ideal scenario would be high inflation with low rates.

[spdrun]

If anything, the end of Fed money-printing might cause “good deflation”. i.e. deflation in speculative commodities (food, energy, housing) that will actually help the average American get by.

If some specuvestors get burned (a) good (b) f’em.

This might raise core inflation, since the average sheep will have more money to spend on things like consumer goods.

[spdrun]

So focused on a comparatively small change to QE in Japan, neglected to see that American sheepsumer spending fell for the first time in a year. Driven mostly by durables, not things like energy. Hopefully next week will be the hangover, and may it be harsh…

http://www.nasdaq.com/article/consumer-spending-falls-for-first-time-since-januaryupdate-20141031-00604

[spdrun]

Just saying: it can and has been done.

[spdrun]

Trust me, if the marketeers had their way, no car would be a sports car.

[spdrun]

Yeah you can. Two words for you.
BMW.
Z4.

[spdrun]

Hopefully the new BMWs will keep the option of a real transmission, not a ladyboy autotragic only.

As far as the Miata, I like them under 200hp. If you have additional HP and torque, you need to pork up other parts. Driveshafts. Structure. Brakes. You’ll turn a 2300 lb car into a 3000+ lb porky pig very quickly.

[spdrun]

With any luck, a strong $$$ and cheaper oil will kibosh this trend.

[spdrun]

When the Fed were printing, Europe was still circling the drain. Just because the Japanese print doesn’t mean we won’t go down the toilet. Or that they won’t — they’ve been printing for years to no major effect.

Also, Japan is targeting a $10-20 trillion yen excess increase in their monetary base per annum. That’s $90-180 billion per year, or $7-15 billion per month. A drop in the bucket compared to US QEx.

Japan QE was also highly dollar-positive, which isn’t so good for US manufacturing and sales of our shit abroad.

Euro at 1.25 – wow.
Yen at 112 – wow.
Canuck almost at 1.13 – haha.

[spdrun]

Everything else: housing prices, stock prices, bond prices,* commodities, wild currency fluctuations, etc. And jobs will be lost, too, IMO.

Here’s to it!

[spdrun]

It’s a judicial state, so it’s a generally long process. Christie has no intent of extending the process to keep skells squatting any longer than needed. Right now, the homes are moving through the system nicely.

Late, but they’re moving, rather than being modded out of the system.

[spdrun]

The bursting of the housing bubble didn’t really affect markets that weren’t prone to bubbles in the first place. Shitholes that were circling the drain like DeeeeTROIT excepted, of course.

You didn’t hear about a glut of foreclosures in Ottumwa, Iowa, or Casper, Wyoming.

As far as homeowners in foreclosure, Chris Christie in NJ has the right idea. Minimal state intervention, no requirement to offer a loan mod, let them make it through the system. Keep prices low, and if you were retarded enough to buy a home at bubble prices, screw you.

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