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D. McHattie's  Instablog

I am a permanent amateur, an educated guesser. I have a BA from the University of Saskatchewan and an LLB and MBA from Dalhousie University. My investment opinions and decisions are my own, as are their consequences.
  • Tim Geithner's Housing Denial

    Our Treasury Secretary proves, once again, that he cannot manage his personal finances.money.cnn.com/2009/06/...

    The monthly rent is steep ($7500) but given that he paid over $1.5M for it and has $27k in annual taxes, it's not near enough to cover the mortgage.

    Geithner's hoping for some sort of rebound in prices, clearly not understanding what a bubble.  When bubbles burst they overcorrect - this house will not be worth what he paid for it for 30 years at best.  Unless he's planning on massive wage and income inflation, which may very well be the case.

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    Jun 04 08:07 pm | Link | Comment!
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  • While inflation predictions have generated much discussion of TIPS, they may be the ultimate sucker's bet.
    May 23, 2009
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