About Bellingham Bill

Bellingham Bill

0 friends
follow   4,567 comments   Followed by 1   Following 0   Ignored by 3   Ignoring 12   Ignore Bellingham Bill
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 Mon, 2 May 2016, 7:33pm PDT in "Only the dumb save", Bellingham Bill said:

    justme says

    ZIRP is doing it! It is not the "savings" of the wealthy that is doing it. It is what amounts to "printing" of bank reserves.

    The money the Fed printed ended up in the 1%'s hands soon enough. The Fed bought the trillions of bonds, and government ran colossal deficits courtesy of the Fed being the extra buyer, and all these trillions were spent into the private economy and eventually hoovered up by the "savers" aka rich, people who have the generational money of interest earning interest earning interest for them.

    Interest never sleeps.

    The Feds borrowed $2T/yr during the crash! Inconceivable!

  • On Mon, 2 May 2016, 7:29pm PDT in "Only the dumb save", Bellingham Bill said:

    tatupu70 says

    but anyone who thinks we have 3 simultaneous massive bubbles

    I don't see much of a bubble in stocks, unless you think corporate profits are going to zero again.

    Rents support housing costs, so no bubble there.

    Not even sure what a bubble looks like in the bond market . . .

    Prices high so yields low? Well, welcome to teh deflation, courtesy of the Fed injecting trillions into the top of the economy to fend away cross-default collapse.

  • On Mon, 2 May 2016, 7:25pm PDT in "Only the dumb save", Bellingham Bill said:

    tatupu70 says

    I don't belong to the Fed cult so we will disagree on this one too. The Fed controls exactly 1 rate which is almost never used.

    What the Fed also did was stick-save asset prices and corporate profits 5-6 years ago.

    Without that we'd be in 1936 now and asset value would be 10% of what they are now, everyone would be BK'd and overall the rich would own less in some areas (their debt and corporate equities) and more in others (real estate and other hard assets).

home   top   share   link sharer   users   register   best comments   about   source code  

#housing   #investing   #politics   #economics   #humor  
please recommend patrick.net to your friends