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Please remind me to pull my investments out of the market and transfer them to 10-percent CDs when the inflation rate hits 12 percent.
Or you can just buy gold... and laugh all the way to the bank!
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I don't know how you define economically "the building collapses".
However
- the markets are up the past 9 weeks
- The Consumer Confidence Index went from a historic low of 25.3 in February to 50+ this month
- Housing starts are up 2 of the last 3 months
The economy stinks to high hell right now, I don't dispute that, but it stinks a little less than it did on January 20th.
That's not how I define "the building collapses". Perhaps it will in the future, but as of now, you have nothing to go on.
Pumping a few trillion into the economy almost has to produce short term economic gain. DOn't mistake this for a recovery. His policies and spending also have to produce a highly inflationary situation, this also will be very destructive.
Get ready for Housing crash Part 2 due to Obama's economic 'plan'
Take a good, long look. You can see that from the beginning of 2007 through September of 2008, subprime loans (the gray bars above) were resetting like crazy. Those are the ones people were walking away from, sending a shockwave from defaults and foreclosures smack into the middle of the economy. Now they’re gone.
The ARM market got very quiet between December 2008 and March 2009, hitting a low that won’t be seen again until November of 2011. Small wonder a few “green shoots” have poked their heads above ground. But in April, resets began to increase and will reach an intermediate peak in June. After that, they tail off a little, going basically flat for the next ten months.
It’s not until May of 2010 that the next wave really hits. From there to October of 2011, the resets will be coming fast and furious. That’s 18 months of further turmoil in the housing market, and the beginning is still nearly a year away! (Although the months in between are likely to be no picnic, either.)
Check the graphics and the rest of the article.
Add 650B carbon tax to 'solve' non existant climate crisis.
Oh yeah the trillions more needed for socialized health care, as the Mussolini er Obama economic plan is put in place.
Maybe we even get a national sales tax as R Emmanuel's brother is suggesting?
Youmay feel this rube goldberg plan is gonna work. IMO this is a fascist ward heeler in way over his head.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Or you can just buy gold... and laugh all the way to the bank!
It still astounds me how we evolved to this. Money is just paper, or numbers on a digital bank statement. Gold is just pretty metal. Humans couldn't come up with anything else to agree upon as representing "value," so we conjured this nonsense that dictates quality of life.
Please remind me to pull my investments out of the market and transfer them to 10-percent CDs when the inflation rate hits 12 percent.
No!
Buy rental real estate now at 5.5% tax deuctible, and rent it out. When inflation hits 10+% later on, you raise your rents along with inflation while paying 5.5% tax deductible on the properties.
No charge, buddy.
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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
Pumping a few trillion into the economy almost has to produce short term economic gain. DOn't mistake this for a recovery. His policies and spending also have to produce a highly inflationary situation, this also will be very destructive.
Stimulus alone is a recipe for disaster, I fully agree.
That's what Bush did - - it was all tax cuts and rebates - - no prescriptions for growing and developing infrastructure, savings, etc.
Obama is in Stage 1 out of necessity. If he doesn't follow-up with Stage 2, then he will be just as destructive as W. Bush. Like Arizona Stae University, I'm withholding until I see his complete body of work.
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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
Nice lol always wanted to have a $10,000 bill.......too bad all i'll get for it is a loaf of bread:P
Breathing...check! Roof over my head.....check! Food in my Belly....check!
Its all how you look at life, glass is half full=) I'm just glad to be alive and get to live in this world, ya some things are bad but so what! Could always be worse......
Very good point, now when the secured bondholders get screwed by the Obama administration in the GM and Chrysler bailouts and are asked to give up their rights in bankruptcy court so the UAW get paid off when they have no standing legally....
Who the hell would want to invest in secured corporate bonds knowing there is a fascist government waiting to steal their property rights?
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
It still astounds me how we evolved to this. Money is just paper, or numbers on a digital bank statement. Gold is just pretty metal. Humans couldn't come up with anything else to agree upon as representing "value," so we conjured this nonsense that dictates quality of life.
I would back a currency that was based on the amount of food, shelter, energy reserves a people have, but that's virtual impossible top have... but those are the only real thing that when it comes down to it, have value.
Re: Faber Warns Of Hyperinflation
Linear Mode
