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Displaying (2) Comments | Comment on this piece | Report objectionable art
When I get my stimulus check for $100K and there is no debt obailgtion attached to it, I'll buy your premise. Until then, when money is borrowed, it is inflationary and when it is paid back, it is deflationary. @KLK,Your 1970s era history needs some work. There was no printing in the 70s, but we sure did expand debt to cover guns and butter. When that debt came due in the mid-late 70s, interest rates started to climb. As another poster referenced, our input costs also went up.The reason we have had inflation for the past several decades has come from production allowing assets to become encumbered and rolling debt down the curve as interest rates dropped. We are at saturation and in the coffin corner (already at short term and historic lows). The only ways out are longer duration and higher rates.All of you waiting for your manna from heaven to drop money in your lap, you should follow Tim's pink pony around and see what you can scoop up. The printing' that has been done in the past year is nothing more than an accounting gimmick coupled with an enormous game of paying off your VISA with your MasterCard.The USTreas took in a mysterious $500B in debt from the Caymans. Nobody is talking as to the source. At the same time, Dubai blew high and wide. I don't think that is by chance. It is my THEORY that the Arab Crescent diverted money to stop what would kill them first. America is too big to fail in their minds. Dubai is unworkable and they know it.Enjoy your inflation. Go long on leverage. Buy the dips, go in debt, get levered up. Wall Street is counting on you. Rate this comment: 0 0
By: | Sep 25, 2015 | Report Comment
AFAICT you've covered all the bases with this asnewr!
By: | Dec 31, 2011 | Report Comment
Bindi
SandyThread
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