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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (76797)12/28/2006 4:16:53 PM
From: Mike Johnston  Read Replies (2) of 110194
 
Besides, you are ignoring the obvious, that being cash flow oriented hasn't hurt the collective balance sheets of Americans much in that total household net worth grew 2.5 trillion in the preceding year, easily dwarfing the growth in deficit you worry so much about.

Welcome back, we missed you.

So you think that if the Fed prints enough money every year to lift stocks and real estate values here by $2.5 T the $800B deficit doesn't matter ?

What you call household wealth growth is really inflation.
In fact the purchasing power of household net worth has gone down in terms of goods or services in recent years.
By ignoring or misrepresenting inflation you are committing the fundamental mistake of economic analysis.
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