No sarcasm at all.Originally Posted by brandon
Houses in major markets sell for less than their cost of replacement. Hard to believe that housing prices will fall if rates rise.
No sarcasm at all.
Houses in major markets sell for less than their cost of replacement. Hard to believe that housing prices will fall if rates rise.
Adjust? You mean in the context of "Remove the myriad artificial distortions in an attempt to accurately measure wealth?" As in, what pencil sharpener should we feed our skulls into before rolling up our sleeves and applying bullshit hedonics and heuristics and weightings and such? Something along those Very Complicated But Utterly Simplistic Thinking lines?How should we adjust it?
Before adjusting anything, we can start from first principles, by simply recognizing that the nominal value of a deliberately and perpetually diluted fiat currency is no standard for measurement at all, and not a valid metric for measurement of wealth. It's like measuring the diameter of everything using a slowly but ever-shrinking balloon as a standard, with morons everywhere exclaiming, "Why, throw a big party, the value of everything seems to be growing--exponentially!" And when they see things that really are shrinking: "But the value of these things are remaining more or less constant!"
It's far worse than that, however, because at least that kind of shrinkage could be measured and adjusted out directly. It's not that simple. It isn't a simple balloon with a static leak into a vacuum. That would have long deflated into nothingness if that was the case. Air is being actively siphoned from real people (currency holders everywhere) to put air back into (read=THROUGH) that balloon, which will never be reinflated, due to the leaks in it that are growing exponentially in size and number. The leaks from that Fiat Currency Perpetual Wealth Motion/Redistribution Machine is used to inflate the NOMINAL values of myriad selective other parts of the economy -- distorting the REAL values of absolutely everything in it. So any so-called adjustments are going to be rendered moot and meaningless, because how do you "adjust" for something that is artificially, abnormally, in an amplified state of constant flux?
Even then, there is one way that you can adjust for it. It will not be perfect, but only because it will UNDERSTATE the adjustment that needs to be made, and that is to "price" everything in a basket of hard commodities only, for which there are real-time nominal prices going back a long, long way. Raw precious metals and base metals, NOT including gold and silver, which have also been artificially distorted along the way. That won't adjust for every distortion (including whatever distortions that gave rise for an artificial need for more of those minerals in the first place), and it won't say anything about the real wealth that NEVER WAS CREATED due to wealth-siphoning distortions that prevented private capital formation everywhere, but it will give you a better look at the relative values of real vs. nominal wealth.
Either you're waaay older than me or from another galaxy...But here ya' go;
I go there daily. It's a collection of sensationalist headlines, misleading articles, and actual substance. Its home to every Economic Depressive who needs a constant influx of bad news.
I'm in less debt, but I also have less income. So I guess it balances out?
[P]eople of
[A]merica
[U]nited for
[L]iberty
It's not hard to drill down into the actual substance, which is far more substantial than anything you'll get from any mainstream financial news. That it is willing to entertain guest articles that contradict the site owners' perspective is to its credit, even if a good number of guest articles are less than solid. As far as headlines go, what's the point in writing one if you're not going to tease the reader into the story?
Oh, also - their commenters are more reliably libertarian than people here. As far as its politics are concerned, it may as well call itself the Ron Paul Financial Forum.
Last edited by thoughtomator; 12-07-2012 at 02:30 PM.
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS
That's why I read everything they post.
Yes, but they focus solely on bad news. Even when news is not bad, they spin an article to paint things in a negative light. Not every piece of information that is released by every entity that releases information is a sign that the world is about to end.Oh, also - their commenters are more reliably libertarian than people here. As far as its politics are concerned, it may as well call itself the Ron Paul Financial Forum.
According to Jordan, definitely. You're now in a prime position to "create wealth", not to mention jobs in the economy, by assuming more debt and buying a new car! There's your chicks for free, because chicks dig that. Then, hopefully, if the government would spend more, or Bernanke would get off the dime (dollar, hundred dollar, gajillion dollar, whatever) and inflate a little harder, as your nominal debt remains the same, you should eventually have more nominal wealth (due to the wealth and jobs that you created by buying that car), and you can pay off that loan with the inflated currency! There's your money for nothin, baby.
Last edited by Steven Douglas; 12-07-2012 at 03:05 PM.
Well wise and optimistic one I have some assets left so tell me please, should I liquidate? If so what's a sure fire investment?
See all I really know is building stuff out of wood, this new-math used to figure wealth eludes me...If I sell off all my tools for pennies on the dollar what should I do to show these profits of which you speak?
I think the best Dire Straights on that album ,is, One World.....
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