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Forbes: Why Massive Inflation is Around the Corner

Discussion in 'Political Discussion' started by maverick4, Nov 24, 2009.

  1. maverick4

    maverick4 Banned

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    Cue The Helicopters, Dollar Devaluation Is Here - Forbes.com

     
  2. maverick4

    maverick4 Banned

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  3. Michael

    Michael Moderator Staff Member PatsFans.com Supporter

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    #12 Jersey

    Last edited: Nov 24, 2009
  4. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    I guess this thread's author decided to post an article 9 months old.

    Cue The Helicopters, Dollar Devaluation Is Here
    Frank Beck, 03.24.09, 06:45 PM EST

    :rofl: :rofl:

    Notice the lack of his own personal comments...must not understand what he's reading.

    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?
     
    Last edited: Nov 24, 2009
  5. maverick4

    maverick4 Banned

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    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.
     
  6. efin98

    efin98 Experienced Starter w/First Big Contract

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    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 :eek:

    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.
     
    Last edited: Nov 25, 2009
  7. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

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  8. efin98

    efin98 Experienced Starter w/First Big Contract

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    No sh!t, but even before that program all the reports about rises and falls in home sales aren't good or bad news as they are made out to be.
     
  9. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey


    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.
     
    Last edited: Nov 25, 2009
  10. maverick4

    maverick4 Banned

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    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.
     
  11. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Too much speculation in the housing market, that is one of the factors in today's mess.. read the other day that someting like 25% of the homeowners with a mortgage, owe more than their house is worth..
     
  12. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    That is a damn shame Darryl. Some of this was pure greed. Especially all those who kept taking out second mortgages to buy a boat, motorcycle or extravagant vacations.

    "When it seems too good to be true....it usually is"

    I don't think people have accepted the fact that it was pure GREED that got us into this mess. There are STILL people out there waiting for the next real estate or stock market boom. As if it's gonna come back to where it was before.

    We don't want it to ever get back to the way it was before....that's why we're in this mess!!!!

    Good post Darryl!
     
  13. efin98

    efin98 Experienced Starter w/First Big Contract

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    Too much borrowing on credit, use the return on the investments to pay for the the cost of the investments, overspending on means that you don't really need in the first place- sound familiar? Sounds a lot like what has happened to the banking and credit card industries lately, thankfully it hasn't extended over to stocks again.
     

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