The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (91035)	10/1/2007 7:17:10 PM
From: Perspective	Read Replies (2) of 306849

I have considered that there is some benefit to a moderate amount of inflation in that it provides a finite "memory" to the economic system. Financial mistakes fade with time as their real price fades through compounding inflation. Of course, the price of that is that mistakes of individuals are borne by society as a whole. Sure as hell makes me angry to think that we would all subsidize the fcking morons that profited off the real estate bubble, while we were railing against the excesses. It just encourages everyone to pile onto speculative bubbles, because (as I've now painfully discovered) those who are left out on the upside fall behind, and share in the downside anyways. While I may see some* value to a moderate level of inflation, I am quite angry indeed about the Fed's actions when they knew the dollar was poised at such a critical technical level. I see little value to trashing our currency. All it does it forces me to expend tons more effort trying to learn how to invest to avoid getting screwed even further by a collapsing currency. BC

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