SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (62153)5/29/2006 9:31:10 AM
From: Mike Johnston  Read Replies (2) | Respond to of 110194
 
I agree with everything you say. The bells are ringing: get out of the dollar now !

In the last five years:

1. House prices tripled.
2. Multi hundred percent increases in commodities.
2. Gasoline and oil tripled.
3. Food prices doubled.
4. M-3 has increased on average at 8%+ and accelerating recently.
5. Goldman Sachs etc are literally swimming in freshly printed money.
6. Middle class squeezed due to rising cost of living.

And Bernanke tells us that PCE at 3% overstates inflation.
By focusing on core PCE they claim inflation is at 1.6%

Even the Germans in April 1945 were not claiming that they were winning the war.



To: GST who wrote (62153)5/29/2006 9:42:52 AM
From: Mike Johnston  Respond to of 110194
 
Asset prices may or may not crash -- but when the dollar goes down the drain you might not see prices for houses based in dollars go down at all.

If someone was out of the country for a few years and did not pay attention to the inflation that has been going on and upon return would find a price of a CA "starter toolshed" at $700,000 , he would have probably thought that those prices are being quoted in mexican pesos !


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News