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

To: dybdahl who wrote (94256)	5/14/2008 10:34:04 PM
From: bart13	Respond to of 110194

I provided hard data and there's much more out there if you want to do the study and research - your call. Believe what you like. I'm not into the kind of "debate" you seem to be wanting.

To: dybdahl who wrote (94256)	5/14/2008 11:48:47 PM
From: Lee Lichterman III	Read Replies (7) \| Respond to of 110194

"nobody seems to be able to document it or even provide information that makes it probable" It is easy to document. Look at your own grocery bill records, your insurance premiums, drug costs, gasolene bills, utility bills etc etc. The Mish followers that claim inflation can only be monetary are the ones in denial. Every single Fed member has given speeches about inflation and have clearly stated it is NOT monetary, it is price increases. Just because some blogger rewords printed news and gains popularity doesn't mean he is more qualified to define inflation than actual true economists that have made it their life's work. Yes, there are some that still hold that inflation is purely a monetary phenomonon and you can google and come up with some arcane entries to justify but there are 100 times as many that say it is NOT monetary, it is a general OVERALL increase in prices. It is easy to document is you use Quicken or MS Money or any other accounting method that will let you look at past year's expenses. It is OBVIOUS that cost are higher now for necessities and many wants as well. Sure some over produced goods are cheaper and home price declines may look deflationary short term but not longer term. Like a stock market, look at the trend silly, it is clearly upwards. Sorry for the rant but I have been biting my tongue for years now amazed that the same arguments go on and on when the reality of our situation has been staring everyone in the face but apparently there are some good drugs going around or denial is stronger than I thought possible. The deflationist camp has lost huge percentages of their wealth waiting for prices to drop while the cost of living has skyrocketed all around them. While I'm ticking everyone off, I may as well go all the way. I don't know why you all dont just put in the header of the thread to save posting and debating time that Maurice thinks QCOM will rule the world despite everyone else giving up on it post the Y2K bust. I wish I had a nickel for every time he posts how CDMA will cure the world's ills. It is in almost every post he makes. Enough already, we get it but you don't apparently, they lost the court case, Cell phones have moved on, the stock is dead!!!) Also that elmatador thinks Brazil will rule the world (Never mind that it is so corrupt that 90% of the crime goes unreported because the police are as corrupt or more so than the criminals.) I wont go into the numerous ex-Chinese nationals here that think China can do no wrong. Don't get me wrong, I am bullish on China and Brazil both but there are major problems in both Now that I have offended the regulars here, I guess I will make my exit and be able to bite my tongue for a few more months or years. -g- I may return though if the market heads south and Eddie Blinker starts trying to sell that darn system of his that no one understands, and he never wants to sell until he is losing money. By the way, keep the blogs coming Russ, yours are about the only ones I still read regularly as they are always good and original. Sorry if I have lumped many of the posts on this thread with others I read on Mish's thread and on the Real Estate Bust thread but it seems that in the same way I read those three threads, the same posters also hit them and it is always the same thing in all their posts. it just gets soooo repetitive. Good Luck, Lee