Jason Rines (iThinkBig)

Government's Panicked Response to This Economic Crisis

Haha. Funny point on utilities. I audit by bills carefully each month and spend five hours on phone correcting them. For example my sewer bill literally doubled in one month and I have one less person in the house. Still working with the city to determine how that one happened. But we know what happened. The city and other utilities squeezing paying customers for the drop in revenue from those whom can't. The little guy has really gotten a raw deal this decade. And no, I don't feel bad for $50k family income earners that went on a credit binge. Shame I am forced to pay for them also.


On Jan 07 02:51 PM User 55065 wrote:

> It is obvious from response to my comments that a number of you folks
> believe we are stuck in deflation. For last 6 months or a year, yes
> perhaps we have been, but from a somewhat longer term-say over last
> 5 years, I doubt anyone can make the deflation case-and the same,
> in my view will be true for next 5 years-not deflation-I think we
> will see REAL inflation in most assets. It is possible that one or
> another commodity may not bounce as much, or gold may even drop,
> but the prices paid by real people for virtually everything will
> be, and have been HIGHER. Wages may not keep up with that inflation,
> and even production and demand may go down somewhat, but not the
> prices. And yes, cash may be king for a few more months, but I doubt
> that cash will buy more food or more energy or more healthcare or
> any thing people need. I will believe in the deflation momemtum when
> gasoline regularly begins selling for 99c, and my utility company
> send me a letter saying that my new rates will be cut 20% effective....