tag:blogger.com,1999:blog-6616959642391988608.post8421957995242214960..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Treasury yields will continue to riseScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-14007211230245007582009-05-22T14:05:32.209-07:002009-05-22T14:05:32.209-07:00admin: The definition of inflation is a rise in al...admin: The definition of inflation is a rise in all prices (or most prices). Incomes will most likely be slow to rise as inflation picks up (that's why inflation is really nasty for the average guy), but incomes will definitely rise if the general price level rises. <br /><br />Just look back a decade or two or three: we've had 3% inflation year in and year out, and incomes have actually risen Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80699537209922119802009-05-22T12:44:01.240-07:002009-05-22T12:44:01.240-07:00um, no. don't think incomes can rise, because of t...um, no. don't think incomes can rise, because of the higher unemployment created by che guevara and low utilization. however, the dollar will bring import inflation. that's what lower standards of living mean.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-48881197944790448122009-05-22T10:47:01.947-07:002009-05-22T10:47:01.947-07:00Bernard: even if U.S. inflation rises because the ...Bernard: even if U.S. inflation rises because the Fed stays too easy for too long, it is too early to assume that the dollar will implode or that we will end up with hyperinflation. Most other central banks have been following the Fed's lead. Gold is up against all currencies. This is likely to be a global inflation problem, with all currencies losing value relative to hard assets. <br /><br />Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16604412722019826672009-05-22T10:44:09.999-07:002009-05-22T10:44:09.999-07:00admin: If inflation rises, then by definition the ...admin: If inflation rises, then by definition the whole price level, including incomes, will rise. And housing prices will rise. Having a mortgage and shorting a bond are equivalent. <br /><br />And we may have seen the end of the bear market.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14659003945099325002009-05-22T10:13:20.676-07:002009-05-22T10:13:20.676-07:00this whole 'i'm short inflation b/c i have a mortg...this whole 'i'm short inflation b/c i have a mortgage' is overstretched. it assumes either rents or your income, or both will increase with inflation. that might not be the case this time. remember, a bear market gets everyone in the end.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-1653552421544434902009-05-22T09:14:52.607-07:002009-05-22T09:14:52.607-07:00Very interesting read...
http://www.businessinsid...Very interesting read...<br /><br />http://www.businessinsider.com/the-dollar-crisis-inflation-or-deflation-2009-5<br /><br />This highlights the departure from the gold standard, resulting unsustainable trade imbalances and boom/busts, and the eventual implosion of the dollar which will wreak havoc across the globe. <br /><br />The trillion dollar question seems to be will it be death by Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.com