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spdrun
ParticipantTime to start letting him go out with friends w/o parents — he’ll soon discover female (or appropriately gendered) trick-or-treaters.
spdrun
Participant1) 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
ParticipantFed =/= 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
ParticipantIf 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
ParticipantSo 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…
spdrun
ParticipantJust saying: it can and has been done.
spdrun
ParticipantTrust me, if the marketeers had their way, no car would be a sports car.
spdrun
ParticipantYeah you can. Two words for you.
BMW.
Z4.spdrun
ParticipantHopefully 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
ParticipantWith any luck, a strong $$$ and cheaper oil will kibosh this trend.
spdrun
ParticipantWhen 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
ParticipantEverything else: housing prices, stock prices, bond prices,* commodities, wild currency fluctuations, etc. And jobs will be lost, too, IMO.
Here’s to it!
spdrun
ParticipantIt’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
ParticipantThe 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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