tag:blogger.com,1999:blog-8515247115132134144.post5574544255980528760..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: CopperStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8515247115132134144.post-71558593683428859862011-05-10T16:32:40.586-07:002011-05-10T16:32:40.586-07:00Charles Kiting,
You've got me there. Stair cl...Charles Kiting,<br /><br />You've got me there. Stair climbers are just too barbaric for a modern society it seems.<br /><br /><a href="http://youtu.be/Pw4NGUnPNp4" rel="nofollow">Detroit</a> has really embraced treadmills. Check out their airport. To be fair, these treadmills actually take you places though.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-91268207578487297022011-05-10T13:40:22.756-07:002011-05-10T13:40:22.756-07:00George Jetson opted for a treadmill too. That'...George Jetson opted for a treadmill too. That's the only thing the cartoon predicted correctly.Charles Kitingnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-4352404340478017562011-05-09T17:08:44.479-07:002011-05-09T17:08:44.479-07:00Charles Kiting,
Japan opted for a treadmill.
I h...Charles Kiting,<br /><br />Japan opted for a treadmill.<br /><br />I have a solution so we aren't just like them.<br /><br />If we can just add some inflation then we can upgrade our exercise equipment to a stair climber.<br /><br />Who doesn't like climbing in place for all eternity? Woohoo!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-89882717626066944032011-05-09T09:55:47.418-07:002011-05-09T09:55:47.418-07:00I expect us to do the exact same thing as Japan 20...I expect us to do the exact same thing as Japan 20 years prior. Short-term roller coasters, long-term running in place.Charles Kitingnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-30647782545872055592011-05-09T06:13:04.312-07:002011-05-09T06:13:04.312-07:00Citigroup figured out how to reinflate today. They...Citigroup figured out how to reinflate today. They got their stock price up to roughly the same point it was when I got out in 2004. Amazing!<br /><br />Behold the power of a 1 for 10 reverse stock split, lol. Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-63297205961214626042011-05-09T05:56:16.146-07:002011-05-09T05:56:16.146-07:00Copper is a great investment if you buy it in coin...Copper is a great investment if you buy it in coin sized legal tender form. No deflation risk, near zero transaction costs. Nickels FTW!Mr Slipperynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-1656947932030087512011-05-09T05:42:24.182-07:002011-05-09T05:42:24.182-07:00mab,
We don't disagree much. I've been ti...mab,<br /><br />We don't disagree much. I've been tied to inflation hedges ever since you've known me. I'm not exactly making out like a bandit. Gold and silver treated me well but much of that was simply offsetting my home's price drop as you point out.<br /><br />Had the CPI been tied to housing prices instead of rents I would have been much more reluctant to invest in TIPS in recent years.<br /><br />My inflation mood is mainly linked to the CPI, since my investments are. I think it will probably run hot for a few more months and then fizzle. I even agree with Krugman on that. Go figure.<br /><br />One thing we definitely agree on is that we are not experiencing hyperinflation right now. I certainly don't see the price increases many seem to see. My personal expenses still show tame inflation. There are a few exceptions but they are minor.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-12965166253295276612011-05-09T03:41:39.386-07:002011-05-09T03:41:39.386-07:00I think there's a good chance that deflation c...<i>I think there's a good chance that deflation could strike again. Has the world already forgotten 2008?</i><br /><br />I know we disagree on this, but deflation never left us. Sure the CPI moved up slightly (based on speculation imo), but house prices are plumbing new lows. <br /><br />CONsider:<br /><br />A typical home owing family sees an increase of few % in CPI goods over a 3 yr period while their house price drops $200K and wipes our their entire net worth. That's not inflation in my book. And it doesn't bode well for future inflation either.mabnoreply@blogger.com