tag:blogger.com,1999:blog-8515247115132134144.post7435491567372061866..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: LOLCattleStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8515247115132134144.post-76638185688228213012011-01-21T06:48:22.363-08:002011-01-21T06:48:22.363-08:00Troy,
"Price discovery is no fun when the co...Troy,<br /><br />"Price discovery is no fun when the consumer is tapped out."<br /><br />Great quote.<br /><br />It would also imply that price discovery is no fun when the consumer is unemployed.<br /><br />We need to start thinking up some sustainable jobs.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-38389844114132665772011-01-21T06:27:16.988-08:002011-01-21T06:27:16.988-08:00stagflation means inflation in that which we need,...stagflation means inflation in that which we need, deflation in that which we want.<br /><br />Price discovery is no fun when the consumer is tapped out.<br /><br />my thesis is that a lot of price inflation can be offset by rents and land price push-down.<br /><br />Eg. if gas were $10 home price gradients would fall tremendously, relative to commuting distance of course.Troynoreply@blogger.com