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Thread: Inflation on the rise? Market says not so much

  1. #51
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by imagep View Post
    Well I understand that. I'm not that convienced either that the ponzi scheme that we call the stock market is the smartest way to invest ones savings either. I have a very small IRA account that is in stocks, but thats all.

    Most of my savings is invested in my business. the commercial property that I operate my business out of (I also have a little rental income attached to that), my manufacturing equipment and inventory, etc. If one doesn't have the stomach to invest in the stock market, then maybe investing in commercial real estate (please buy after prices have declined, not after they have reached record levels), or rental houses, or in your own business is in order.

    Now if you can't tollerate risk at all, then maybe the bank is your best place to put your savings, you just have to accept the fact that in exchange for relative saftey, you will pay the price of inflation. Oh, and you do realize that when you put money in a bank account, your are effectively loaning it to the bank don't you? thats why they pay you interest on your savings account. don't you have some sort of religious thing against loaning money?
    Well, it's either that, or I keep it under the mattress.


    Now, me, I have bonds. Great move, right, lol?

    But most of my money gets invested in my house. New England property values are STILL stupif high, and I don't see that changing anytime soon.

    But for the rest of america? By your own admission, it's start your own business to invest in, or join the ponzi scheme that is the stock market...or be stupid, and put it in a bank.

    Again, listen to how that sounds. You see no problems here?
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  2. #52
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by imagep View Post
    The rich do own hard assets, but they also tend to have much more in cash more near cash type investments than the poor do. The poor don't have any money to deflate, thats why they are poor.

    Wages tend to increase at about the same rate that inflation does. During high inflationary times, like the early '80's, wages increase much faster than during low inflationary times, like today.

    The only two groups of people who are significantly harmed by inflation are people and businesses that lend their own money, or fail to invest their money into hard assets . Thats part of the rationel of targeting a three percent inflation rate. It tends to motivate people into either spending their money now, creating demand, or investing their money productively, creating capital for production expansion. Put the two together, increasing demand and increasing business investment - and ya got a forumula for a good economy.
    "The poor" was a poor choice of words. Clearly the poor have no money to inflate. The middle class is what really suffers from inflation. The rich can hedge their wealth with gold, real estate, and other hard assets.
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

  3. #53
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by KevinKohler
    This is a debate forum.
    Some people aren't worth debating.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  4. #54
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by KevinKohler View Post
    Never heard of forced retirement? Once you hit "the age" a company to do with you as they please. And try getting a job at 65.

    So, yeah...they had to cash out. it was cash out, or foreclose. My dad finally found another job. Bagging groceries. He was an accomplished machinist for over 30 years. So you don't get to talk to me about the merits of "investing". Sorry. It is, always has been, and always will be...a slot machine.
    Many people open their own business when they retire. And I don't believe that there is any requirement for one to suddenly cash out his 401k when one retires, most of the time it is done gradually over many years. Did he not qualify for social security? And why the heck does he still have a mortgage at age 65?

  5. #55
    Villiage Idiot
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by RabidAlpaca View Post
    "The poor" was a poor choice of words. Clearly the poor have no money to inflate. The middle class is what really suffers from inflation. The rich can hedge their wealth with gold, real estate, and other hard assets.
    The middle class don't have much money either, most of the time whatever money they do have is in their IRA or 401K and is already invested in something, of course they can also hedge investments with gold, real estate, etc.

  6. #56
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by imagep View Post
    The middle class don't have much money either, most of the time whatever money they do have is in their IRA or 401K and is already invested in something, of course they can also hedge investments with gold, real estate, etc.
    Most middle class investors don't have the know how or money to hire someone with the know how to effectively hedge. With 3% inflation a year, and even some of the best investments out there providing not much more than 3-5%, you're barely breaking even. CD's and everything less than 3% are offering a negative return. In the last 10 years we've lost about 30% of the value of the dollar primarily to inflation. If you had a retirement portfolio of 800k, you're looking at a 240k value loss.
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

  7. #57
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by AdamT View Post
    Looking at the facts seems to upset your beliefs.
    I love facts. But you can continue to try and spin it if you wish. Though it might be easier for you to stop campaigning and start using facts.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  8. #58
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by imagep View Post
    Have you EVER added anything of value to a topic? Ever?
    You just keep the nonsense rolling eh?
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  9. #59
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by Arbo View Post
    I love facts. But you can continue to try and spin it if you wish. Though it might be easier for you to stop campaigning and start using facts.
    So you claim, but I notice you still haven't addressed the fact that the dollar has not been devalued over the last five years.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

  10. #60
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by AdamT View Post
    So you claim, but I notice you still haven't addressed the fact that the dollar has not been devalued over the last five years.
    As I have said in the past, it's not worth the time or effort to explain reality to you. KevinK has quickly learned that lesson as well it seems.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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