Quote from Maverick74:
The bottom line is, in order to live the same quality of life today as our parents, we need to borrow more, leverage more, eat cheaper food, go with less healthcare and forgo college to end up with the SAME dollars as before. This is called inflation Martin. Inflation can be manipulated many ways. It doesn't have to mean an increase in price. It can mean price stays flat but quality or access goes down. Same difference.
Quote from Martinghoul:
Maybe... However, not everything out there can be proved. In those cases, I tend to rely on my experience.
Nah, I don't necessarily disagree with him about everything. I just don't like loudmouth media types, as in my experience they often don't have much of substance to say. It's normally the quiet unobtrusive ones who are most worth listening to.
Quote from bigarrow:
It is unproven and not provable that the statement "It's obvious to me he knows infinitely more about economics and credit markets than ANYONE I can think of currently serving in the Obama regime." is true and much evidence that it is false yet you read it here. Opinions are like assholes and concerning the post I quoted they are the same.
Quote from Tsing Tao:
I don't believe Rick was comparing the US economy to the plant. I think he was saying that the Fed's fire hose was an enormous amount of water that was only achieving a tiny bit of benefit.