Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
This Blog and/or the articles contained within have been referenced, linked or quoted in: Businessweek online, WSJ Online, Dollar Collapse, Safehaven, Silverbear Cafe, Financial Armageddon, Yahoo & Google Finance -- among many other blogs & web-pages... Thanks for stopping in for a read!
Wednesday, May 28, 2008
US Economic Outlook 2008-11+
All is not what it seems, and our US economic troubles are far from over!
AWESOME AWESOME AWESOME job Randy!!! Your dedication to this blog and the "facts" of what exactly is and always has been transpiring is much appreciated. THANK YOU! I've been reading your blog for about 6 months now and just wanted you to know how much I appreciate it. I downloaded your presentation and emailed it to most everyone in my address book. Keep up the good work!
BTW: If you haven't already done so, I recommend you check out this article: Final US Economic End Game -- some of the same info, but it looks out a bit further in time.
Again, I really appreciate you taking the time to post up your comment. It's always great to hear positive feedback -- Lets one know if they are on track or not.
Just got your blog emailed to me and it was just amazing! Wow, to think the government realy wants to put a transponder in my nads for closer monitoring. Have you ever met Harry Reed?
Nice work. One thing in your 'what to do' I'd say differently. No reason to pay off your debt now if you predict the dollar will deflate. Your debt (as will the deficit) deflates with the dollar. Ian in CA
Very good point Ian and I do concur -- "if" wages were to increase commensurately with inflation (dollar devaluation), but wages won't.
Stated differently: during the inflationary ramp up, people will earn the same # of dollars (maybe far less if unemployed in the future)... same # of dollars that will actually buy them less than today, yet if they still have debt to service, this debt erodes their future purchasing power even more (e.g. less $'s to spend on gas, food, etc).
Bottom Line: The existing or new debt becomes an additional burdon to future purchasing power... A double whammy from inflation and debt service.
With that said. If wages did increase commensurately, or if the individual had quite a bit inflation hedge investments, you would be "spot on"
13 comments:
AWESOME AWESOME AWESOME job Randy!!! Your dedication to this blog and the "facts" of what exactly is and always has been transpiring is much appreciated. THANK YOU! I've been reading your blog for about 6 months now and just wanted you to know how much I appreciate it. I downloaded your presentation and emailed it to most everyone in my address book. Keep up the good work!
In IL,
Justin
Thanks Jason,
I'm really glad you enjoyed it.
Comment like yours make it all worth while.
BTW: If you haven't already done so, I recommend you check out this article: Final US Economic End Game
-- some of the same info, but it looks out a bit further in time.
Again, I really appreciate you taking the time to post up your comment. It's always great to hear positive feedback -- Lets one know if they are on track or not.
Randy
Man,
Randy I'm so tired of being called Jason. It's JUSTIN!!! LMAO
in IL,
"JUSTIN"
p.s. I do a lot of research on economic and geo-political information. Your blog is at the top of my daily "to check" list. Thanks a million!
JUSTIN,
My Bad... Guess my eyes and brain weren't communicating properly. As you can tell, I can't multifunction well, so I spit out my gum for this reply.
I'm Embarrassed...
Again thanks for your readership and I'm proud/delighted to be at the top of your "to check" list.
Justin in IL, hope you have a great evening!
Randy
Like, dude... this be best darn breif I ever did hear with my eyes... You rock, just like that gnarly dude Jason in IL
Randy,
Just got your blog emailed to me and it was just amazing! Wow, to think the government realy wants to put a transponder in my nads for closer monitoring. Have you ever met Harry Reed?
LOL, bunch of comedians on here tonight!
Anon 9:53,
Are you talking about that sharp as a bowling ball
Senate Majority Leader Harry Reid who says we have a Voluntary Income Tax System
Yes, I like him almost as much as Sponge Bob Square Pants, and they both live in fantasyland... Searchlight Harry--What an idiot!
By the way, I really wouldn't worry about that transponder thing too much. In your case, it'll be a really small one :>)
Randy
Nice work.
One thing in your 'what to do' I'd say differently. No reason to pay off your debt now if you predict the dollar will deflate. Your debt (as will the deficit) deflates with the dollar.
Ian in CA
Very good point Ian and I do concur -- "if" wages were to increase commensurately with inflation (dollar devaluation), but wages won't.
Stated differently: during the inflationary ramp up, people will earn the same # of dollars (maybe far less if unemployed in the future)... same # of dollars that will actually buy them less than today, yet if they still have debt to service, this debt erodes their future purchasing power even more (e.g. less $'s to spend on gas, food, etc).
Bottom Line: The existing or new debt becomes an additional burdon to future purchasing power... A double whammy from inflation and debt service.
With that said. If wages did increase commensurately, or if the individual had quite a bit inflation hedge investments, you would be "spot on"
Very good point!
Thanks for posting
Randy
Nice
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