Posted on 05/16/2011 10:23:53 AM PDT by Graneros
Good for the seniors so they get a raise this year. Same with the military retirees who have lost out for two years. You have to look at the bright side of things folks.....lol.
Inflation with a collapsed real estate market? I don’t think so.
Not sure that military retirees are going to get an increase. I would think that the freeze Urkel announced on federal salaries includes federal retirees which include military retirees.
Anybody who shops on a regular basis already knows this.
Not sure that military retirees are going to get an increase. I would think that the freeze Urkel announced on federal salaries includes federal retirees which include military retirees.
That would be really crappy then. They are the last (after active military of course) folks who should lose the increase.
>>Inflation with a collapsed real estate market? I dont think so.<<
Wanna bet? Imagine being hugely underwater in your house as your food, gas, clothing, etc. goes up in price 20% every year. And that is not inflation. Inflation is the devaluation of the currency, which is happening hugely as they print, literally and digitally, all the money they want to. Might as well use leaves for money - at least that will be the case in the next year or two.
Manipulation temporarily stopped the silver run. Expect it to return, with a vengeance. It is a bargain right now.
I agree.
Its the price of commodities.
There is no external competition in real estate, whereas there is a ton of competition in cotton, beans, wheat, corn, gold, silver, coal, oil, etc. You are not going to compete with China to buy the 3 bedroom ranch at the end of the street.
So, there will not be inflation in the housing market. In fact if you really want to be depressed, see what your house would be valued in gold, compared to last year.
The main cause of inflation right now is still the “do Nothing” “Restrict Supply” approach to energy. Monetary policy is not driving inflation, this is oil based.
You can get the best of both worlds, declining housing prices in the midst of overall price inflation. ouch!
“Good for the seniors so they get a raise this year. Same with the military retirees who have lost out for two years. You have to look at the bright side of things folks.....lol.”
Who will pay for those COLAs? Do the COLAs get paid from magical stimulus dollars? Perhaps it may be good for these groups in the short run but it will be another blow to the country’s fiscal outlook in the long run.
This is Bush/Cheney/Haliburton’s fault.
QE2 ends 6/30/11
So I guess that’s doomsday
Devaluation of a currency is not a cause of inflation it is a RESULT of inflation. In true inflation the price of housing escalates as rapidly as everything else.
Food, and clothing have not gone up by 20%. Fuel price increases are not the result of monetary disturbances but the result of supply suppression due to Urkel’s anti-energy policies. Food prices are high due to another non-monetary issue, the diversion of food stocks into automobile fuel tanks.
Monetary policy changes generally takes about two years to take effect. So it many be about ready to take off but so far it has not been much of an issue.
And they remember the big losses the Japanese investors took when they bought Pebble Beach.
“Inflation with a collapsed real estate market? I dont think so.”
I do. If not for the buckets of money they’ve been dumping into the leaky housing tub, prices would be a lot, lot lower.
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