About Bellingham Bill

Bellingham Bill

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Registered Apr 08, 2012

This is not my house. But it, or one like it, will be someday!

Bellingham Bill's most recent comments:

  • On Fri, 31 Jul 2015, 5:42pm PDT in What's going to happen if the fed raises rates but mortgages don't go up?, Bellingham Bill said:

    The answer to iwog's question is that the economy is a dynamic system of sources and sinks.

    The Fed's purpose 2009-2014 was to put the fear of god in the erstwhile "bond vigilantes" that fucked with Clinton's first term and his spending plans, back when he had the pre-Gingrich congress at least.

  • On Fri, 31 Jul 2015, 5:26pm PDT in Why are dentists so damn rich?, Bellingham Bill said:

    But let's focus our attention on people making $150,000/year and convince ourselves that they are the ones causing all the inequity we see today.

    Hold that thought, LOL. It's HOW the rich are pulling money out of the working classes that is the issue.

    Rent-seeking in healthcare, especially dentistry, is right up there in rent-seeking in housing as for extortive, extractive abuses of working Americans actually creating value while having their wages compressed due to having to compete with $2/hr China and $3/hr Mexico and $4/hr illegal immigrants.

    It's all about moats and needs. Somebody with painful dental issue has a burning need, and the providers have historically put up all the moats they can to keep their rent-seeking game going. People have to travel to fucking Mexico to get good value for their money.

    http://www.gonewiththewynns.com/mexico-medical

    Both housing and healthcare are ripping $4T out of the economy each year. At least the latter comes with more jobs, but damn if both aren't really turning the screws on people.

    " I think that insurance involvement in the medical industry has been disastrous to pricing"

    The dentistry market blows that thesis into pieces. It's simply supply & demand. Dentists limit supply, and the demand is great, especially when we were all consuming a half pound of sugar a day

    http://bamboocorefitness.com/not-so-sweet-the-average-american-consumes-150-170-pounds-of-sugar-each-year/

  • On Fri, 31 Jul 2015, 5:21pm PDT in Even Bernie Sanders would beat Donald Trump, Bellingham Bill said:

    Though the conservatives' hold on the House & Senate looks unassailable in 2016. Obama didn't make that good a case against the GOP in 2012 or 2014, but it's hard for him to complain about the idiot GOP cockblocking the progressive agenda without looking like a weak girly man who can't lead.

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