The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GraceZ who wrote (47185)	12/13/2005 12:48:27 PM
From: John Vosilla	Read Replies (1) of 110194

"The Fed creates the worst of all worlds always trying to err on the side of inflation. It makes it so the true cost of borrowing is never accounted for while punishing those who choose to live within their means and who don't want to employ debt." This time seems to be different. Hidden inflation, very low interest rates and only a localized housing boom while the rest of the country and economy suffers. You probably know a ton of conservative folks who lived below their means and are very well off today even after the ravages of inflation. I guess buying a 3 family house in 1960 for $25k during a time when 50% down was the norm that is now worth $750k and brings in $60k gross rent a year today worked in the urban NE corridor and in California.

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