That's been a great thread John, i've lurked much of the time since russ started it, don't have much of a grip on terminology and machinations involved, so haven't posted there
The basic question is imho - Do we get inflation, or deflation, or some combination of the two depending on specific assets and/or expenses ... it's a complex issue with so many variables, never going to be crystal clear to us in advance ... i tend to think They'll continue to print us into inflation, due to the overriding influence of political spinelessness, since any amount of deflation that catches hold will be far more destructive than the alternative, in the short run ... still, arguments to the contrary can't be ignored either, and aside from the personality crap generated i always thought mishedlo's posts helped bring out pretty full point-making on both sides of the question
In the last year or so this page, and links from it, have gotten better, i've learned a lot about the basics of fiat money 'creation' here - en.wikipedia.org
Tom says real estate in Oregon is still rising [or at least hasn't declined?], well that's certainly the case around our part of BC ... there was an expectation in summer that the top had passed, but several places here have sold recently above spring prices ... one by quite a margin, old small farm very well situated and set up, special place but still everybody is surprised at the price, it was listed about an hour and a half, realtor has a list of prospective buyers and that one happened to be nearby, bingo |
