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: pogohere who wrote (75836)12/16/2006 8:41:42 PM
From: westcoastflorida  Respond to of 110194
 
>>If we effectively leave out the stock markets and housing prices when we measure inflation as price rises, and we play games with bs like hedonic valuations, we miss the effect of the expansion of liquidity and credit. <<

The system will break at the local level.

At some point, not only are people unable to sell their houses at inflated prices, they are also unable to pay their inflated property taxes. We are nearing that point now in many areas.