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I have been playing the game for 32 days and have spent $130 and I am SH 15 and have all tier 3 troops. I am smart with my gold...
Behold the new free to play "Game of War" economy in all its grandeur, lol. Sigh.
Wednesday: CPI, Q3 Household Debt and Credit
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Banker...
5 hours ago
17 comments:
Virtual Jeremy Siegel says to dump virtual gold and buy virtual stocks. Game of War DOW 36,000!
I noticed today that virtual 30-year treasuries hit a virtual all time low yield of 2.39%. That doesn't bode well for our real virtual economy.
Perhaps Siegel will warn us once again about the Great American TIPS bubble and how hurt we will be as real yields rise, A strong and robust long-term economy will have real yields to match. We ttherefore just need continued patience for a sustainable economy such as that to mysteriously appear, lol. Sigh.
It has been about one year since I went full frontal bond ladder. Never felt better with that choice. Since then, the 30-year yield has gone from 3.92 to 2.49 (not counting today), the ECB has gone NIRP, yet the Fed threatens to raise rates "any day now". Riiiiiigght.
Ah, but are US treasuries a wee bit overvalued?
https://www.bondvigilantes.com/blog/2015/01/09/long-us-treasury-bonds-overvalued-250-bps-discuss/
Mr Slippery,
EE Savings Bonds for the relative win! Earn 3.53% if held the full 20 years, I've yet to see a CNBC pundit reccomend them though. Go figure.
Wish I could have bought more in 2014 but backed up the truck on long-term TIPS in 2011, Ran out of deployable assets. No complaints!
desrieme,
For what it is worth, I'm a belevier in your link's secular stagnation disclaimer so all bets are off. Literally!
Would have been a great idea to purchase negative rate Swiss bonds yesterday.
Would have been a great idea to purchase negative rate Swiss bonds yesterday.
Rob Dawg,
Indeed! Or how about negative rate 5 year German bunds.
It's so hard now that fraud ridden AAA rated U.S. mortgage securities aren't an option.
The 5 year TIPS just went negative again. Surely a sign that some form of prosperity is being released, lol. Sigh.
mab,
Think where we'd be now if the fraud hadn't been contained to AAA though! We sure dodged that bullet!
Oh, and my former employer Cendant too for that matter, and Enron, and Worldcom, and potentially any other company with a balance sheet or just sheets in genersl!! ;)
My iPhone typing speed continies ti improbe! Woogoo! Hahaha! :)
Surely a sign that some form of prosperity is being released
A sign? Have you been reading "Revelations" from the bible? Talk about weird signs!
Let's see:
A poor economy always leads to inflated asset prices. It's basic "free" market eCONomics.
Seriously, who would ever want a good economy? Just think of the asset price carnage/deflation! No wealth effect for you!
Sigh
mab,
The worse the economy does the better the economy does! Sometimes you must destroy a thing to save a thing!
And when I say save, I really mean borrow and sprnd of course. Saving is for suckers (and those who don't want to work when they are 90 years old).
BOJ expanded their balance sheet $500B, to $2T (40% of GDP) over the TTM. This is with the yen at 100, tho now I see it's at 120 (this move and all the buying ~may~ be related, LOL)
$500B is $10,000 per household. Now, technically, it is entirely possible for a household to get buy on that much money if they're frugal, don't have major housing, schooling, or health expenses.
All total Fed's QE has been 10% of GDP into treasuries and 10% into mortgages ("We Have Not Yet Begun To Print!")
I think Mr Market is factoring in a GOP sandbag attempt on Obama for this year and next, after all if the economy does bad the next two years they can blame him like they blame the 1970s on Carter (never mind that the economy grew by 10M jobs 1976-80 vs. 4M 2001-2004, and that was with rates going up over 10% in the 1970s vs rates being dropped to under 1% for most of the 2000s recovery
http://research.stlouisfed.org/fred2/graph/?g=XhS
So we got a lot of new global liquidity injection coming plus the prospect of gridlock at best in DC.
As for the fpp, I've been in love with war-games since the mid-80s and first heard about Empire from a roommate whose dad worked for Rand. I discovered the Japanese strain of wargames by accident from MicroProse's cache of Japanese game magazines in their library, notably Daisenryaku (the inspiration for SSI's PanzerGeneral, though I readily admit the coherent game design of PG blows away my attempts at designing a wargame).
Anyhoo, the rise of World of Tanks etc pisses me off to no end. This is *my* genre to mine! Hands off!
http://www.nbcnews.com/business/personal-finance/burdened-record-amount-debt-graduates-delay-marriage-n219371
is really something. The State of California kindly let me attend the school in the article for $3,000/yr in today's money, and that included health insurance (!)
Now the average debt coming out is $30,000! We're doing this really, really wrong!
Troy,
I spent SO many hours playing Panzer General and even more playing Pacific General!
For what it is worth, I believe that this economy's real growth will be shown once the unemployment rate stops falling (and it clearly can't fall below 0%, much like interest earned on buried cash).
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