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Warned of what? For six years conservatives have warned that monetary expansion would be inflationary, drive interest rates skyward and devalue the dollar. None of those things happened.
Apart from being bad, monetary expansion is good in these times.
Nobody has argued that interest rates are going to sky rocket while the fed continues to pump, pump, pump and as has been pointed out in these threads many times prices are going up despite the governments claim that they are not. When you deceive by continuing to exclude the items going up you can make whatever claims you want.
Nobody has argued that interest rates are going to sky rocket while the fed continues to pump, pump, pump and as has been pointed out in these threads many times prices are going up despite the governments claim that they are not. When you deceive by continuing to exclude the items going up you can make whatever claims you want.
Anyone can point to individual products and yell "ah ha it rose." That's why we use an index of many products. While consumers may notice when an item rises they don't when they fall. Here is gasoline.
What it really shows is how some people deal with inconvenient numbers -- by calling them fudged.
Anyone can point to individual products and yell "ah ha it rose." That's why we use an index of many products. While consumers may notice when an item rises they don't when they fall. Here is gasoline.
We do not. We pick and choose what products we will use. Feel free to argue that the ever increasing costs to people at the grocery store isn't real inflation if you wish.
Investors would have taken the brunt of it in 2008 also but they didn't. The government stepped in so they wouldn't. What makes you think they won't again?
A good bit of the middle class has their retirement tied up in a 401-k. If they loose a bit it hurts them far worse.
With the poor and middle class paying more and more for everything and the rich having all this wealth created by the government socked away in things like oil and wheat driving those prices even higher.
This is where they can start a war with us and never fire a shot.
The banks didn't take the brunt. Both the rich and middle class took hits in 2008. The rich lost in stocks and investments, so they were less rich. The middle class in their homes and jobs, and sure some 401-k. But because of housing and jobs they were left high and dry. By now the rich have recovered, but not the middle class. Housing and jobs have not recovered.
The next fall due to QE exuberance will not be as severe. IMO of course. It will be more sectoral and investment loss, not widespread and middle class lifestyle loss oriented. The rich will again be a bit less rich. But not on the order of loss as 2008.
The Chinese are not stupid enough to shoot themselves at this point in time. And what the Russkie's do is of little to no concern of mine.
The banks didn't take the brunt. Both the rich and middle class took hits in 2008. The rich lost in stocks and investments, so they were less rich.
Temporarily
Quote:
The middle class in their homes and jobs, and sure some 401-k.
But because of housing and jobs they were left high and dry. By now the rich have recovered, but not the middle class. Housing and jobs have not recovered.
The next fall due to QE exuberance will not be as severe. IMO of course. It will be more sectoral and investment loss, not widespread and middle class lifestyle loss oriented. The rich will again be a bit less rich. But not on the order of loss as 2008.
The Chinese are not stupid enough to shoot themselves at this point in time. And what the Russkie's do is of little to no concern of mine.
The rich are not less rich today. They are far more rich today than they were in 2008. There is nothing wrong with being rich except when the government is taking it out of the pockets of the taxpayers to increase their riches.
The rich are not less rich today. They are far more rich today than they were in 2008. There is nothing wrong with being rich except when the government is taking it out of the pockets of the taxpayers to increase their riches.
Right. Me included.
My points.
The coming stock market correction will not be as severe and pervasive as the 2008 crash. And the middle class will not be as affected.
The rich are back to rich for now. IMO mostly due to new money creation not through increased taxation.
For everyone. But it affects the middle class the hardest.
The poor we take care of.
The rich notice it, but with successful investments it should essentially be buried.
I have only felt it after 20-25 years of background inflation.
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