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I still contend that we are headed for a massive dollar devaluation, regardless of the means--whether it is planned and accomplished by central banks, or by the markets reacting to huge government money printing that force the devaluation. Unlike during the Great Depression, we are no longer on the gold standard. Currencies are free to float and can be manipulated by central banks or politicians and moved by markets. In fact, I believe that one or both has already begun.
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Re: Forbes: Why Massive Inflation is Around the Corner
Quote:
Originally Posted by PatriotsReign
I guess this thread's author decided to post an article 9 months old.
any of us could post an equal amount of "links" that support the opposing view just as easily. Is that what we're coming to here?
1. So you were too lazy to check out the other three articles from the past month? Not surprised.
2. Right, it's not like we've seen people posting self-serving threads here, bumping their own crappy assertions just to thump their chests, like PatriotReign.
What I get from this: all the reports about rising stocks and the reports of housing sales increasing aren't actually a good thing when the real reasons behind people buying up houses and stocks going up in price(aside from the greed and supposed instant returns on investments.
__________________
"As long as we have Belichick, I always think that we're going to be just fine."...Tom Brady, in reference to his coach.
“It is what it is, but it ain’t what you think.”...Brandon Spikes
Re: Forbes: Why Massive Inflation is Around the Corner
Quote:
Originally Posted by efin98
Inflation- upsurge in buying homes, good PR from the media...but a bad sign for the economy?!?!
Deflation- downsurge in buying homes, causing a stir in the media...but actually a good sign for the economy?!?!
Unless I am mistaken...it's good news/bad news and bad news/good news we aren't aware of it just yet?!?!
Makes the news that the upsurge in home sales lately sting a bit
What I get from this: all the reports about rising stocks and the reports of housing sales increasing aren't actually a good thing when the real reasons behind people buying up houses and stocks going up in price(aside from the greed and supposed instant returns on investments.
EXCELLENT post efin98... ALL sectors of our economy need to find their natural levels based upon REAL value. Americans have become conditioned to "speculative pricing" as if almost everything is an investment vehicle to amass personal wealth.
The reality is, homes are for LIVING in. If we buy them in hopes they'll reward us with riches, then we'll be in big trouble.
Stocks should be valued based solely upon a companies performance (i.e. Price/Earnings ratio), but we drive them up or down based upon our willingness to purchase them...once again, in hopes of gaining personal wealth very quickly.
Too much SPECULATION is bad for the economy. It is what got us into the Great Depression.
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 11-25-2009 at 08:27 AM..
Re: Forbes: Why Massive Inflation is Around the Corner
Quote:
Originally Posted by efin98
What I get from this: all the reports about rising stocks and the reports of housing sales increasing aren't actually a good thing when the real reasons behind people buying up houses and stocks going up in price(aside from the greed and supposed instant returns on investments.
I agree. The article you quoted/linked explains why inflation is or will happen, NOT deflation. The soaring cost of gold, and even higher home prices, isn't a sign of recovery or deflation.
Forbes: Why Massive Inflation is Around the Corner
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