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To: John Vosilla who wrote (51476)10/27/2007 1:54:41 PM
From: marcos  Read Replies (2) | Respond to of 78418
 
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



To: John Vosilla who wrote (51476)10/27/2007 2:04:02 PM
From: jackjc  Read Replies (1) | Respond to of 78418
 
John I watched the debate between Mish and Russ for some time.

You say Mish left. I never understood why Russ did not stay with
the PM's as he had such a good intuition on them from 2001 on.

What is he doing now, do you know ??