The Real Economy (accounting, mortgages, make money, salary)

[TaxPhd]

Originally Posted by Perma Bear

No, because modest 2 bedroom houses built during the post war era for 10k or Less now sell for a million dollars.

That there has been inflation doesn’t mean that your currency is worthless.

What a silly notion. . .

[aslowdodge]

Originally Posted by Perma Bear

No, because modest 2 bedroom houses built during the post war era for 10k or Less now sell for a million dollars.

ahh such an active imagination.

[Perma Bear]

Originally Posted by TaxPhd

That there has been inflation doesn’t mean that your currency is worthless.

What a silly notion. . .

If your currency can’t buy anything then how is it different than Monopoly money?

[TaxPhd]

Originally Posted by Perma Bear

If your currency can’t buy anything then how is it different than Monopoly money?

But that is clearly not the case.

I can’t believe you are actually arguing this. Are we in the Bizaro World?

[C2BP]

Originally Posted by oldtrader

The economy is not doing anywhere near as bad as posters are complaining about. In fact it is doing good, new jobs are running way ahead of expectations.

https://www.cnbc.com/2017/11/01/adp-...-oct-2017.html

Our economy has been dead and on life support since 2001. How can we grow anything with the TITANIC strapped to our backs? When we have even MORE debt now than we did in 2001, when we were supposed to begin TAXING debt. Everything is out of whack because instead of taking our medicine (higher interest rates) we stole money from the future to spend today to avoid deflation.

[Peasy973]

I think lower interest rates are here to stay for the most part with Trumps choice more than likely being Powell over Taylor.

[jiminnm]

Originally Posted by Perma Bear

No, because modest 2 bedroom houses built during the post war era for 10k or Less now sell for a million dollars.

Property values depend on a variety of factors, not the least of which is location. If a 2 bedroom in your area costs $1 million, then move somewhere with lower prices. A quick online search will find a much more affordable housing.

As my handle indicates, I am in NM. This is a nice 4 bedroom for $235K:
https://www.realtor.com/realestatean...4_M11468-38886

This is what $1 million can get you.
https://www.realtor.com/realestatean...2_M24242-23713

[Good4Nothin]

The stock market will crash bad. They will keep interest rates down as long as possible, but eventually they have to increase because of inflation.

Don't buy stocks when everyone is raving about how great it is. Buy stocks when everyone is getting out.

[mathjak107]

so lets see:

retail sales up 4.30% over last year

durable good s orders up 8.40% since last year

the ism index hit a 13 year high and the 2nd highest in 13 years

new claims for unemployment hit 44 year lows .

on going claims fell from 2.20% the beginning of the year to 1.60%

gdp had its best 6 month stretch since 2014

corporate profits have been beating expectations all over the place .

so yep i would say things are looking a whole lot less bad .

[Good4Nothin]

Originally Posted by mathjak107

so lets see:

retail sales up 4.30% over last year

durable good s orders up 8.40% since last year

the ism index hit a 13 year high and the 2nd highest in 13 years

new claims for unemployment hit 44 year lows .

on going claims fell from 2.20% the beginning of the year to 1.60%

gdp had its best 6 month stretch since 2014

corporate profits have been beating expectations all over the place .

so yep i would say things are looking a whole lot less bad .

It could be because of the extremely low interest. It can't stay that low forever.