User 314261

U.S. Housing: A False Dawn Recovery in 2009?

But the incomes do NOT double. Incomes have not kept up with inflation for many years, retired "incomes" are cut nearly in half as their savings and retirement funds in dollar denominated investments are cut in half and SS is only incremented by a fraction of the actual inflation rate. What devaluing the dollar does mainly reduct government debt so they can print more money. Nevertheless, the devaluation is taking place because there are too many dollars. Happy new world!


On Jan 04 04:46 PM Kunst wrote:

> Inflation is the debtor's friend. And who is a bigger debtor than
> America, Inc?
>
> Print money to devalue the dollar by half, doubling prices and incomes.
> House prices go above 2006-peak levels, owners have equity again,
> and mortgage payments are cut in half as a percent of income. As
> an extra benefit, employment surges as American industry becomes
> competitive again. Happy days are here again.
>
> We wouldn't stiff the rest of the world like that, would we?