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Old 02-05-2013, 20:36   #26
beforeobamabans
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How can anyone possibly be worried about hyperinflation? Don't you recognize the fact that the fed has been madly paddling upstream against deflation?
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Old 02-05-2013, 20:57   #27
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Originally Posted by series1811 View Post
Yes, it reminds me of real estate values at the beginning of 2009. What could go wrong?
It is starting to look a bit irrational. Even bad news doesn't alter the course. Yet balance sheets are great. It's a funny thing. Problem is we have dishonest money. Easy money causes mal investment.

Who knows?

I used to get caught up in mixing politics and money and realized my mistake. The market doesn't care what you think it should do. The government and the fed doesnt care. They will do what they will do. I guess the best thing is to find a way to profit from it all. .
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Old 02-05-2013, 22:56   #28
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How many times is this crap going to be reposted? This is old. And it's an advertisement, not news.

Geez Louise.

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Old 02-06-2013, 05:04   #29
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If one doesn't have debt one doesn't have to worry about interest payments on loans. I remember the 22% and higher in the late 70's. I paid the interest on what debt I had. I survived but never again.
The way mortgage have fallen the past 2-3 years I can't believe anyone has a mortgage above 6% much less 5%

We are at 3.9% on a 30 year.

Credit cards have already adjusted many of their rates upwards of 25% or more. About the only places I know where rates are above 20% are those payday or auto title loan stores.

For discussion sake let's say this guy is right and the market corrects itself by 90% in 3 months. Even billionaires will have more problems than where to put their cash.

I would think half or more of the pension funds out there would cave. People on stock backed-dividend paying retirement portfolios are screwed.
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Old 02-06-2013, 05:39   #30
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The way mortgage have fallen the past 2-3 years I can't believe anyone has a mortgage above 6% much less 5%

We are at 3.9% on a 30 year.

Credit cards have already adjusted many of their rates upwards of 25% or more. About the only places I know where rates are above 20% are those payday or auto title loan stores.

For discussion sake let's say this guy is right and the market corrects itself by 90% in 3 months. Even billionaires will have more problems than where to put their cash.

I would think half or more of the pension funds out there would cave. People on stock backed-dividend paying retirement portfolios are screwed.
This is why inflated dollars are never good for an economy. They are great for politicians but for the common everyday working person they are an albatross. When a dollar is worth a dollar one knows what something is worth and knows how many it will take to get by. Inflation screws the whole picture.
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Old 02-06-2013, 06:15   #31
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Since I am absolutely certain, from what we've seen in the past, that no matter where citizens place their cash, the government will eventually fins a *legal* path to it, I am likely to listen to a friend advises sinking considerable funds into 'hard investments'.. and if I knew what the heck he is talking about, I'd do it.

Anyhow, fat bank accounts will tempt those bureaucrats to the point they will all require froth bibs and drool cups. Until they can find a tunnel into the vault, that is.

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Old 02-06-2013, 06:40   #32
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Invest in steel. It's hard.

THAT I am doing..

(I just bought this big bridge in Brooklyn, ever where thet is.)
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Old 02-06-2013, 12:06   #33
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If inflation takes off you're gonna be eating dog food.
If you keep your money in cash throughout a long period of inflation, it is true you will lose money. But inflation will not double the price of everything overnight. However, the stock market can drop like a rock in a day or two and you will lose your money before you know what hit you.
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Old 02-06-2013, 12:16   #34
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If you keep your money in cash throughout a long period of inflation, it is true you will lose money. But inflation will not double the price of everything overnight. However, the stock market can drop like a rock in a day or two and you will lose your money before you know what hit you.
That's the really scary part.

Is there anyone who remains unconvinced of the crookedness and crass manipulations of the stock market?

Once, before I grew up ( sometimes think I really did) I was convinced that the Stock Market was an honestly-run business endeavor... I do not cling to that illusion any more; I have witnessed too much.
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Old 02-06-2013, 12:30   #35
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No, here is the scary part. Our money is just a series of 1s and 0s and can vaporize in a nano second. And the fdic you put faith in is run by the government we have lost faith in.
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Old 02-06-2013, 13:57   #36
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Once, before I grew up ( sometimes think I really did) I was convinced that the Stock Market was an honestly-run business endeavor... I do not cling to that illusion any more; I have witnessed too much.
It's not just the crookedness. Another huge problem is all the electronic trading and systems which interact. I'll bet no one person really understands it all. Remember the "flash crash" of 2010? That was around 1000 points. I know a day trader who lost a year's earnings in 60 seconds.
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Old 02-06-2013, 14:04   #37
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Wish I could unload without taking a huge hit, I am looking into switching my 403B into a IRA or something else..soon. Last time this went around I saw it coming,,,had a new job, looked at teh market and housing real hard, opted NOT to get into a 401K....put the money into savings..., I Opted in when the market was at the BOTTOM ( dow about 6400 ) and dumped cash into it....put most into gold type stocks (mining/ processing)...I made an average of 45% return over 3 years. Dumped it again when my company got bought out. Paid off several loans, upped my credit score, then refinanced the house at 3 % ( AND the bank paid my first $2500 in closing costs) for 15 years. Cut 10 years off my payments, and payments are the same per month,, ( do the math on that !!)
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Old 02-06-2013, 20:43   #38
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Just remember, in the case of hyperinflation, all those mason jars of cash will be becoming worth less and less very quickly. Stuff. Buy Stuff.
Unless its pre-1965 90% silver in those jars.

Obama’s second term victory guarantees a financial crash.

America always does things in a big way and this crash will be the mother of all crashes.

Most of us here have never experienced really tough times. We will get that chance.
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Old 02-06-2013, 21:26   #39
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Watch Japan - they are the canary in the coal mine.

They are going all in on QE - it will pump things up for a while -

I keep seeing the image of a B-52 - engine on fire - so the pilot does a deep dive - trying to get up the speed to put the flames out - risking breaking apart or the crash into the ground.

May work - may break apart - may crash

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Old 02-07-2013, 00:52   #40
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Originally Posted by beforeobamabans View Post
How can anyone possibly be worried about hyperinflation? Don't you recognize the fact that the fed has been madly paddling upstream against deflation?
Not sure if serious...

What do you think the result of all this QE is going to be? Hyperinflation is a possibility.
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Old 02-07-2013, 01:36   #41
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Look at the CPI. Now you know why it costs $3.50 to buy a gallon of gas. The other shoe dropping will be when dollars are not needed as the reserve currency for petroleum.
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Old 02-07-2013, 02:49   #42
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If inflation takes off you're gonna be eating dog food.
Not if/when.Not us mind.Life has choices,I prefer food over fluff.Most folks have plasma/HD type home appliances.



We tend ta eat well.'08.
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Old 02-07-2013, 03:07   #43
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Not sure if serious...

What do you think the result of all this QE is going to be? Hyperinflation is a possibility.
See, because this generation has never experienced deflation, they don't know what it is or what to do about it. All the fed printing would result in inflation if the slack in demand and employment ever disappears but it won't.

Remember that Bernacke's PHD is in the depression and deflation. He knows what he is doing--fighting tooth and nail, using everything including the kitchen sink to keep the deflationary spiral at bay--and he's failing. Demand will never return to early 21st C. levels because of massive personal debt (which has doubled since 2000) and the inevitable tidal wave of baby boomer retirements, proceeding at 10,000 per day. BB'ers are grossly over indebted and under capitalized for retirement with an average of $40,000 in savings. Do you think they are going to be spending at the same pace as when they were working? No way!

You can already see major deflation right in front of you. What's happened to the housing market? What's happened to employment and wages.
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Old 02-07-2013, 04:52   #44
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See, because this generation has never experienced deflation, they don't know what it is or what to do about it. All the fed printing would result in inflation if the slack in demand and employment ever disappears but it won't.

Remember that Bernacke's PHD is in the depression and deflation. He knows what he is doing--fighting tooth and nail, using everything including the kitchen sink to keep the deflationary spiral at bay--and he's failing. Demand will never return to early 21st C. levels because of massive personal debt (which has doubled since 2000) and the inevitable tidal wave of baby boomer retirements, proceeding at 10,000 per day. BB'ers are grossly over indebted and under capitalized for retirement with an average of $40,000 in savings. Do you think they are going to be spending at the same pace as when they were working? No way!

You can already see major deflation right in front of you. What's happened to the housing market? What's happened to employment and wages.
You make some good points. I honestly never thought of the slack in demand. You are certainly right that retirees, for the most part, will not be spending as they were in their earlier years. Taxes are going to go up for everyone. Obama can't get all he needs from just the rich - he needs to broaden his revenue base and get into the middle class, which, as you rightly point out, have shrinking wages. Taken together, with the rising number of unemployed, I agree that demand will go down.
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Old 02-07-2013, 05:32   #45
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How can anyone possibly be worried about hyperinflation? Don't you recognize the fact that the fed has been madly paddling upstream against deflation?
There was deflation due to the housing bubble but hyperinflation is coming our way.

You can actually have both; deflation in housing and wages, yet inflation of daily necessities like food and fuel.

With hyperinflation you never see it coming. If you could, everyone would immediately get rid of cash buying anything of lasting value (which causes immediate hyperinflation).

And that is what will happen. First a few months of high inflation maybe 20-50%; then at that point everyone realizes the money is no good resulting in hyperinflation.
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Old 02-07-2013, 05:40   #46
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Somebody needs to let the stock market know?
It seems to be headed in the wrong direction.

..
Nope. Let it crash and burn. It needs to. Hopefully every last one of them responsible get burned to ashes.
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Old 02-07-2013, 06:20   #47
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Nope. Let it crash and burn. It needs to. Hopefully every last one of them responsible get burned to ashes.
Ashes? That sounds ominous.

I'm thinking that regardless of what happens, those with hige debt and undisciplined spending will do better than those that have saved and invested on average.

It will be interesting to watch.
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Old 02-07-2013, 06:52   #48
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Somebody needs to let the stock market know?
It seems to be headed in the wrong direction.

..
the fed is holding it up but, hey! it's only money right?
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Old 02-07-2013, 06:56   #49
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"It's the ECONOMY, stupid!"-- Who said then and when did they say it? Never mind, this lurking disaster is not news to most here who follow such things... but the bad news is, a correction of that magnitude is absolutely certain to hurt just about every American. I doubt I'm wrong in this.
http://www.moneynews.com/MKTNews/bil...source=taboola

"Billionaires Dumping Stocks, Economist Knows Why"

"
It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.
and dumping it into metals. thats why the fed is keeping the pm prices down. got to help them bankstas get a jump on the suckers.
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Old 02-07-2013, 11:14   #50
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There was deflation due to the housing bubble but hyperinflation is coming our way.

You can actually have both; deflation in housing and wages, yet inflation of daily necessities like food and fuel.

With hyperinflation you never see it coming. If you could, everyone would immediately get rid of cash buying anything of lasting value (which causes immediate hyperinflation).

And that is what will happen. First a few months of high inflation maybe 20-50%; then at that point everyone realizes the money is no good resulting in hyperinflation.
In theory, I suppose your scenario could happen but not this time. Hyperinflation requires too many dollars chasing too few goods. We've got the too many dollars part but we still have inordinate slack in factory capacity utilization even with the many plant closures we've already suffered through. You cannot have inflation without demand squeezing supply. I work for a manufacturer and I'm telling you, demand continues to erode. You factor in Obama's recessionary policies with the inevitable loss in demand from the retirement of the greatest demographic bulge in the history of our country and you have a decrease in demand (GDP) until the early to mid 2020s when the boomer echo bulge hits max consumption years. There is no way the fed can invent enough phony economic activity to keep it afloat. At some point, gravity will take over. Admittedly, there will be great moaning and gnashing of teeth.
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