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Displaying (3) Comments | Comment on this piece | Report objectionable art
RE: No, you need to read more of his stuff. He's a deflationist, but aruges that it won't happen because the system is corrupt in the sense that it no longer operates according to the rules we all think are in play. The inflation comes not because resources are scarce in the normal sense, but because they are more or less finite (true) while the amount of cash flowing into the system is ever increasing under the scheme.With the fed buying a majority of new US debt through buy-backs with it's primary dealers (monetization) and banks not having to take the losses that exist in reality, the supply of money is indeed growing. While we have every right to expect deflation in a world that followed normal rules, the corruption of the system has skewed the outcome toward a falsehood that, as it stands now, is apparently sustainable. We'll see, eh? Rate this comment: 0 0
By: | Oct 11, 2015 | Report Comment
RE: Insurance is mainly low baucese I was able to drop some coverage (collision and/or comprehensive, I forget). Liability surprisingly isn't all that dependent on what you drive.As to the housing decisions comments you reference, the one thing that people haven't taken into account, that would actually suggest they buy something bigger/better, is their future needs. When prices had gone up consistently for 20 years the thought was to buy something that would last them 3-5 years and then sell and move to something bigger at that point. Now they're finding that their needs are increasing (e.g. another kid is born) but that they can't move out and up. Maybe this is also due to people having started to buy at a younger age than in the past?On that note, is anyone aware of any statistics on the average age of buyers (particularly first time buyers) over the years? Rate this comment: 0 0
By: | Mar 12, 2014 | Report Comment
This could not possbily have been more helpful!
By: | Sep 10, 2011 | Report Comment
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mzabor
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