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DJ Champion - No Heaven (Borderlands Credits Theme)
Don't talk about it
Oh boy, don't talk about it
Don't talk about it
If you do, I'll cry
Oh boy, don't talk about it
Don't talk about it
If you do, I'll cry
Source Data:
St. Louis Fed: 10-Year Treasury
6 comments:
one thing, I sense we're entering a new period of potential discontinuity with the past.
Like what happened 1980-84. Things got choppy then, before we settled into the long glide to where we find ourselves now.
The "no new taxes! (on us)" crowd are within striking distance of taking over the place.
Obama's been in charge for 3+ years now, but he has had a conservative hand on the tiller (it's no longer connected to anything any more so who cares).
I don't know what another dose of 2001-2003-style policy-making would do to the system, but things could be very, very different from now come 2015.
I need to get off the internet and focus on getting my stuff done before then.
The Ownership Society Episode II is going to be 'own or be owned'.
Troy,
The Ownership Society Episode II is going to be 'own or be owned'.
I dropped a blog from my blog list today.
Bad Money Advice: Houses Have Never Been Cheaper
All we can say is that this is a good time to buy a house...
That was just too much for me. I can appreciate a difference of opinion, but that's not an opinion. It is an opinion stated as a fact.
I happen to have a different opinion. I was tempted to show him the 39.6 million missing jobs post yet again, but what's the point? He never acknowledges it.
That's not to say that this is a bad time to buy a house. I'm not willing to make that claim. I can say there are plenty of risks though.
Demographics is near the top of the list. The younger generation better find employment or it is going to get real ugly.
This is something you've talked about for a long time. I'm completely with you on this.
As a side note, if we truly hyperinflate then people better not expect housing to be a safe haven. It isn't.
In 1912-13 a typical German family was spending 30 percent on rent and 30 percent on food. The typical American family today spends roughly 40 percent on housing and 15 percent on food as a comparison. Yet as you can see from the data, housing is largely irrelevant once hyperinflation started taking a hold from 1915 to 1923. By 1923 this typical family was spending just 0.2 percent on rent while food consumed 91.6 percent of household expenses. Why does this occur? When you have a currency that is largely becoming worthless housing takes a back seat to more pressing expenses like food. We are clearly far away from a scenario like this in the U.S. but those who use hyperinflation as some kind of loophole for housing values largely miss the entire bigger picture should hyperinflation ever take hold (we have absolutely no evidence even remotely showing this of course).
Bonus thought.
one thing, I sense we're entering a new period of potential discontinuity with the past.
You can actually see it in the chart within this post.
We're currently *BELOW* the "Low Trend" line. Sigh.
Just saying.
Fractals everywhere... phi everywhere...
The mean:
1980: 13%
1990: 8% (13/1,618)
2000: 5% (8/1.618)
2010: 3% (5/1.618)
Fractals everywhere... phi everywhere...
The mean:
1980: 13%
1990: 8% (13/1,618)
2000: 5% (8/1.618)
2010: 3% (5/1.618)
Anonymous,
We hit 2020 a bit ahead of schedule.
2020: 1.85% (3 /1.618)
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