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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (71791)10/12/2006 4:39:42 PM
From: Ice Cube  Read Replies (1) | Respond to of 110194
 
I dunno.... My standard of living is much better than my parents. I have more, eat better, enjoy better medical treatment, have more opportunities, etc......

Life ain't so bad....................

Most of my neighborhood lives well.

The economy comes and goes, but overall things about as good as they have ever been.

Sure we have issues, among my greatest concern is the state of our middle class.



To: GST who wrote (71791)10/12/2006 4:45:23 PM
From: UncleBigs  Respond to of 110194
 
gst, you should spend less time arguing with Mish and more time buying stocks. The stock market is telling you that you're right.

Buy goldman, bear stearns, apple, nordstrom, toll brothers, best buy, panera bread, the Q train, and pick up some Giggles just for fun.

There's money to be made. Mish doesn't pay you if you win an argument.



To: GST who wrote (71791)10/12/2006 4:53:21 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
GST I am not hiding behind prices, you are.
Prices are not in my definition and you know it.
Furthermore and I have said this too (many many times)
I will, put it in bold for you (I did this once before too)

WE ARE NOT IN A PERIOD OF DEFLATION

Yet you and others repeatedly bash me on baseless grounds "You are wasting your time hiding behind the "we can't measure price inflation" shuck and jive."

I expect to see a decline in credit and I more or less expect to follow the path of Japan. You are free to disagree and you do, to the point of attacking me nearly every day, ironically enough criticizing my view of not looking at the other side, while you do just that. Prices are all that matters to you, and once again (ironically enough you are ignoring lots of falling prices).

My attempt to look at prices was genuine and what I get is a baseless blast of "shuck and jive" when you are the one doing it. I am not hiding behind prices because prices of goods are really not in my equation.

Yes I do expect prices of goods and services to fall and they are starting to do so. Oil, copper, houses, prices at restaurants, gasoline, natural gas, tutoring, trucks.

OK so they are still higher than 5 years ago. A reversal has to start somewhere. I am suggesting we are on the verge of it and you bash me about that, conveniently ignoring current data (by YOUR own model, I might add)

Mish