tag:blogger.com,1999:blog-8515247115132134144.post5383785855494102210..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: The Trend Is Your (Saver's) NightmareStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8515247115132134144.post-69573102146588634952011-07-12T21:02:48.250-07:002011-07-12T21:02:48.250-07:00The Debt to the Penny and Who Holds It
7/12/08: $...<a href="http://www.treasurydirect.gov/NP/BPDLogin?application=np" rel="nofollow">The Debt to the Penny and Who Holds It</a><br /><br />7/12/08: $9.50 trillion<br />7/12/11: $14.34 trillion<br />50.9% increase<br /><br /><a href="http://research.stlouisfed.org/fred2/series/CE16OV" rel="nofollow">Civilian Employment</a><br /><br />June 2008: 145.7 million<br />June 2011: 139.3 million<br />4.4% decrease<br /><br />That's roughly $35,000 in extra public debt per employed worker. Oh yeah, things are looking so much better than three years ago. Peachy.<br /><br />($14.34 trillion - $9.50 trillion) / 139.3 million = $34,745Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-70348428155634148112011-07-12T17:55:41.169-07:002011-07-12T17:55:41.169-07:00"We're better than we were three years ag...<a href="http://money.msn.com/top-stocks/post.aspx?post=7fd6a892-6e06-446e-8535-b63f2a5370a6" rel="nofollow">"We're better than we were three years ago."</a> - Jim Cramer<br /><br />Yeah, right.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-72087290837891857852011-07-12T17:50:14.742-07:002011-07-12T17:50:14.742-07:00Watchtower,
Not only does Chuck Norris get 10% on...Watchtower,<br /><br />Not only does Chuck Norris get 10% on his 5 year TIPS, but he gets 20% on his 5 year FISTS! ;)<br /><br />GYSC,<br /><br />The <a href="http://en.wikipedia.org/wiki/The_beatings_will_continue_until_morale_improves" rel="nofollow">screwing will continue until morals improve</a>. I think that's the saying anyway. Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-64347565792250783452011-07-12T17:17:08.606-07:002011-07-12T17:17:08.606-07:00Well, I did try my best but it seemed saving the b...Well, I did try my best but it seemed saving the banking sector and screwing everyone else was more important in a systemic risk sort of way. Disgusting. I remember that Mish piece, it was very good.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-64481886804740886442011-07-12T17:16:22.728-07:002011-07-12T17:16:22.728-07:00Chuck Norris gets 10% on his 5 year TIPS.Chuck Norris gets 10% on his 5 year TIPS.Watchtowerhttps://www.blogger.com/profile/08833772067989549769noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-47133295998150183992011-07-12T17:05:04.142-07:002011-07-12T17:05:04.142-07:00GYSC,
I'm glad you asked (even if it was a rh...GYSC,<br /><br />I'm glad you asked (even if it was a rhetorical question ;)).<br /><br />I don't always agree with Mish but I definitely think the following is a great article and most certainly applies to this post.<br /><br /><a href="http://globaleconomicanalysis.blogspot.com/2011/01/hello-ben-bernanke-meet-stephanie.html" rel="nofollow">Hello Ben Bernanke, Meet "Stephanie"</a><br /><br /><i>Stephanie, it's a little known fact that inflation benefits those with first access to money, such as the banks, the wealthy (via rising asset prices), and the government (think rising sales taxes and property taxes when prices go up).<br /><br />Everyone else gets screwed.</i><br /><br />It was my goal not to be screwed. That's one reason why I turned to long-term TIPS and I-Bonds starting in 2000. You can't buy long-term TIPS unless you have the resources to do so though. If you need the money in the short-term then you can't afford to take the risk. The Stephanies of the world truly are screwed. Shame on us all for allowing it to happen.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-71871075647951752262011-07-12T16:52:58.387-07:002011-07-12T16:52:58.387-07:00But negative rates are supposed to spur a wicked p...But negative rates are supposed to spur a wicked pissa recovery?? What happened?EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.com