tag:blogger.com,1999:blog-8515247115132134144.post6761415547222829819..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Miracle Day!Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8515247115132134144.post-7799291489433333642011-08-05T12:55:35.904-07:002011-08-05T12:55:35.904-07:00Jimmy J.,
Compound interest is certainly working ...Jimmy J.,<br /><br />Compound interest is certainly working for me. The I-Bonds I bought in 2000 pay 3.4% over inflation. They are up 96% in nominal terms and have 19 years left to go.<br /><br />Unfortunately, the I-Bonds I bought this year pay 0.0% over inflation. The only thing that compounds with them in real terms is the taxation on the inflationary gains. Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-87969106602264327342011-08-05T07:55:54.049-07:002011-08-05T07:55:54.049-07:00Ah, the miracle of compund interest. I was first i...Ah, the miracle of compund interest. I was first introduced to it by a fellow geologist while sitting on a well in the Uinta Basin of Utah in 1959. 52 years ago. Egad, it worked for me. Admittedly with a few hiccups along the way. The 70s were years to try one's soul as well.Jimmy J.noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-46838997536630363942011-08-04T22:23:44.884-07:002011-08-04T22:23:44.884-07:00Who Struck John,
I have this theory that all love...Who Struck John,<br /><br />I have this theory that all lovers of Princess Bride saw this crisis coming (or could have). We distrust things of unusual size. ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-83914969184947291362011-08-04T22:12:50.595-07:002011-08-04T22:12:50.595-07:00Well, it will take a miracle to get the powers tha...Well, it will take a miracle to get the powers that be to quit making things worse. Unfortunately, our miracle MaxedOutMama doesn't make miracle pills like <a href="http://www.youtube.com/watch?v=J-3VxOqHI-4" rel="nofollow"><b>Miracle Max</b></a> does.Who Struck Johnhttps://www.blogger.com/profile/06359715705053814488noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-39988886786099708652011-08-04T21:33:26.778-07:002011-08-04T21:33:26.778-07:00MaxedOutMama,
Indeed!
How do you accumulate a mi...MaxedOutMama,<br /><br />Indeed!<br /><br />How do you accumulate a million dollars in this economy? It's so easy! You start with 14 trillion!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-26976742505748456392011-08-04T21:25:40.078-07:002011-08-04T21:25:40.078-07:00Gee, but with negative real returns, that 1 mil wo...Gee, but with negative real returns, that 1 mil would be worth about ... 40 cents? <br /><br />Need another miracle now!MaxedOutMamahttps://www.blogger.com/profile/08011469804162511617noreply@blogger.com