« First « Previous Comments 284 - 285 of 285 Search these comments
PermaRenter,
There was a photo of Tessa Donnelly in the paper, and the worst part of the whole story is she was NOT worth fighting over by any stretch of the imagination.
And what kind of freak couple talks on the average of 9 times a day over several months. And the rival was not far behind -- at the same time! Some people....
You beat 12%-24% on your investments last year (1%-2% per month)?
I only made one investment over the last two years, the double-inverse financials ETF, SKF.
Once I doubled my money I cashed out.
My investment philosophy is to stay all in cash and then take short positions against collapsing speculative bubbles. It's worked well for me so far!
« First « Previous Comments 284 - 285 of 285 Search these comments
Why is deflation written about as if it were a bad thing? Personally, I love deflation because it means lower prices for pretty much everything.
OK, I can see that people will hold cash instead of investing it, because the cash is increasing in value. But that will end eventually as people spend the cash (unless the Fed just prints forever).
And I can see that it's hard to start up a business knowing that profits will probably decrease in nominal terms, but that can be managed, because costs will decrease as well. And if the business generates cash, that cash is more worth getting in a deflationary environment.
Maybe deflation is exactly what we need for a while, to wipe out foolish debtors and get the economy back into a sustainable state.
Patrick
#environment