tag:blogger.com,1999:blog-2020965297376819658.post6889731286662502928..comments2023-05-07T01:54:22.688-07:00Comments on Effective Demand: Rich Toscano gets it exactly right..Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2020965297376819658.post-44244960427087571412009-12-07T23:06:14.171-08:002009-12-07T23:06:14.171-08:00"but how can we ever get that kind of inflati..."but how can we ever get that kind of inflation going with such a morbid economy"<br /><br />They just printed money to buy $1.25 trillion in MBS, $300 billion in treasuries and $200 billion in agency debt. They can create inflation with a flick of the switch they just have to figure out what is the right transfer mechanism into the economy. So far they focused on credit creation at the end of the largest credit bubble in human history. God help us if they ever start buying up debt and reworking the terms to alleviate the debt load, that is the real deflationary force at work that isn't helped much by new credit creation (thus the QE being relatively ineffective).<br /><br />Go Kings! I can't remember the last season I actually enjoyed watching them lol, this is the first in a long time. A little modicum of goaltending is going a long way.Effective Demandhttps://www.blogger.com/profile/02587961792541800534noreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-49738181357971890362009-12-07T13:26:08.048-08:002009-12-07T13:26:08.048-08:00Hey ED
You sound like I did back in I think early...Hey ED<br /><br />You sound like I did back in I think early '05. At the time I knew we were in a bubble and thought it was about to burst until the banks cam up with Option Arms and prices began to take off again. I knew the bubble would burst even bigger then before but they just extended the time. I have been holding my wife off for years and its frustrating we did everything right but you nailed it with this comment :<br />For people like me who were hoping to buy a house and not choose between financial armageddon or owning a home and chose not to participate in the bubble the actions of the last few years leave me with a bitter taste in my mouth (the cherry on top is getting to pay for it too!)<br /><br />However, I dont think things are done, nor do I think this economy is on any solid footing and I think the next big crash is coming and this on will be worse because our govt is in a weaker position then last time. I think prices will overcorrect they always do in bubbles and in the end they will this time to, he makes a good point about inflation making up the difference, but how can we ever get that kind of inflation going with such a morbid economy?<br /><br />Go KingsTomKnoreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-46176719515188843762009-12-07T03:26:45.001-08:002009-12-07T03:26:45.001-08:00I bid on a very inexpensive place but we couldn...I bid on a very inexpensive place but we couldn't come to terms.Effective Demandhttps://www.blogger.com/profile/02587961792541800534noreply@blogger.comtag:blogger.com,1999:blog-2020965297376819658.post-3001787415485954472009-12-06T23:40:39.576-08:002009-12-06T23:40:39.576-08:00Sorry I haven't followed your last few posts b...Sorry I haven't followed your last few posts but didn't you just bite the bullet and get a place? Or did that fall through?Anonymousnoreply@blogger.com