Is another bout of QE a good thing?

no one can imagine life the way it should really be.

Greece should be a poor sleepy country like Mexico use to be.
No cell phones, no TV, Just people hanging out where for a few dollars you can get an excellent meal, and for a few dollars more you can have a wild night of music and dancing.

 

The market is telling you QE is a good thing.

The market is forward looking.

The market is never wrong.

 

Really, hmmmm you are one of the lucky few then.



Health care costs are rising.

Food prices are rising

Taxes are rising

Prices of goods in general are rising

Go out and get a contractor to do some work in your house and see how much they charge per day with him and another guy.

Gas prices and commodity prices have surged over the last decade. A little sell off in oil from 110 to 85 doesnt mean much, a drop fro 110 to 17 a barrel and $1.78 national average of gallon of gas is a decline.

I dont know where you live, but it would be nice if the rest of the 300+ million people in america got that opportunity as you.

 

Except when it is.

 

You need to adjust nominal values by the debasement
of the unit of account. Otherwise one could be
fooled into praising Zimbabwe's economic policies.

 

Who cares, we will all "feel" richer and then spend more. Isnt that what Bernanke wants?

Those ppl in Zimbabwe must have felt great all being millionaires lol

 

They might have been millionaires but they could not afford to feed themselves.

 

Prices are certainly rising significantly in terms of insurance. Every 6 months my insurer sends me a letter to tell me that my healthcare insurance is going up 25-30%. Extortion is the word for it. & taxes are going up, there's no doubt about that.

However, it really is a mixed bag. I live in IL and here food prices fluctuate but they are certainly not going up. They have got cheaper over the last five years; I would estimate that they have halved. House prices and rents, cars, white goods have all fallen significantly.
I don't agree with you that prices in general are rising. There are pockets of sharp inflation among a generally deflating price level in my opinion.

Interesting article from PT on inflation
http://blog.peteryastrow.com/

 

Food is going up. That is the most important thing to the poor.

 

My health care costs went up over 12 fucking %%%% from 2011 to 2012.

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Something wrong with his picture, I think so.