tag:blogger.com,1999:blog-27697009.post482763388610203943..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Recession What Recession?Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-27697009.post-37914893166909043232013-03-29T23:47:30.336-07:002013-03-29T23:47:30.336-07:00Hi AIM
I see no deflation anywhere. If housing p...Hi AIM<br /><br />I see no deflation anywhere. If housing prices go back to 1995 levels, I would not consider that deflation, but maybe deflation of a bubble.<br /><br />Remember, in the Great Depression 90 percent of all the bank money was lost, and this included housing.<br /><br />In this crash, no bank money was lost, more was printed. Instead of new home owners making monthly payments for 30 years, the loans were paid off in cash by the Fed when the owners walked away. A tremendous amount of printed money has been introduced to the economy.<br /><br />My gage to this whole mess is a silver quarter. The price of gas in 1964 when I was young and in my prime, was 20 cents a gallon. So for four quarters you could buy 5 gallons of gas. Those same four silver quarters today will buy six gallons of gas.<br /><br />I do agree that a day of reckoning is in the future, and it is not going away no matter what we do. Most will not be prepared for it.<br /><br />My advice, trade the dollars in the mattress for gold and silver. You're not trying to make money, just preserve what you have.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-66598632826429801352013-03-28T20:51:20.915-07:002013-03-28T20:51:20.915-07:00There is a big bad deflationary depression hidden ...There is a big bad deflationary depression hidden under all of this printing, debt monetizing, bond buying, intervention and rule changing. <br /><br />It's gonna hurt big time when it finally pops up and says peek-a-boo.AIMnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-73825943519994772922013-03-25T20:25:04.304-07:002013-03-25T20:25:04.304-07:00No worries about Stockton, they have always been a...No worries about Stockton, they have always been a dump. If San Francisco faults, or defaults, then that is worthy of a news story.<br /><br />Sheepie feeding on Ben's greens? Nice analogy, but too peaceful a scene for me. With 16T in debt, It is more like we sheepies are walking the plank, and every time we get to the end, they tack on another board.Anonymousnoreply@blogger.com