tag:blogger.com,1999:blog-1207581886255094115.post6293192716973660000..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: Whether Deflation or Inflation, Things are Going to ChangeEconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1207581886255094115.post-90976429426158143702009-10-04T18:39:22.353-04:002009-10-04T18:39:22.353-04:00Just get Swiss Franks and be calm. Everything will...Just get Swiss Franks and be calm. Everything will be okay. Work hard and read "An Ordinary Black Cat" (www.catyourway.com) Cheers!Alexanderhttps://www.blogger.com/profile/07163081878766588007noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-24832408813001444022009-10-01T20:34:39.743-04:002009-10-01T20:34:39.743-04:00I couldn't agree with Lisa more.
Take Mark...I couldn't agree with Lisa more.<br /><br />Take Mark's view and add Chocolate!<br /><br />A girl can't live without chocolate.<br /><br />And definitely not Hersheys. :)<br /><br />I think we would have deflation if the government would leave it alone, but they're screwing with the mix, so what we have is a mixture of both. Deflation in things that we own (houses, cars, etc), and inflation in things we need to survive ( food, energy, etc).CT-Hilltopperhttps://www.blogger.com/profile/12072957592435260585noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-71636582159302599932009-10-01T14:19:45.477-04:002009-10-01T14:19:45.477-04:00$20K?
1. $1000 for fishing poles, .22 rimfire rif...$20K?<br /><br />1. $1000 for fishing poles, .22 rimfire rifle, a few rolls of pre 64 silver dimes, sleeping bags in case heat is out of service for one reason or another, extra gasoline.<br /><br />2. $2000 for TP, canned food, underwear, T shirts, good footwear for you and the kids, plastic garbage bags, etc.<br /><br />3. $1000 in small bills kept at the house just for grins and giggles sake...not so much that if it was stolen it would devastate you or too little so that it wouldn't do any good.<br /><br />4. $16,000 in a boring FDIC insured savings account.watchtowernoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-29873494532597805362009-10-01T12:34:51.043-04:002009-10-01T12:34:51.043-04:00Unrelated story. PC out of controlledness.
I'...Unrelated story. PC out of controlledness.<br /><br />I'm going thru the checkout counter at the supermarket yesterday. I guy ahead of me asks where the bathroom is. The cashier woman says she can't tell him because yesterday she got in trouble for telling someone.<br /><br />This gentleman leaves, apparently with no questions about this strange answer. So then she starts ringing up my items.<br /><br />Then she turns to the bagger dude and tells a story.<br /><br />A little background. The bathroom is along the back wall of the store between the Deli and the Chinese food section.<br /><br />Now back to the bagger dude, she (a black woman in her 30's) told him that the previous day someone had asked that same question, and she answered that the bathroom is along the back wall of the store between the Deli and the Chinese food section, to then be told by this individual that..., ready..., it was racist of her to say Chinese food section.<br /><br />I was 'taken aback' by this bizarre story. Clearly someone had been receiving their regularly scheduled programming.<br /><br />And How! as Spanky would say. Or, There is no such thing as an underestimate of average intelligence, as Henry Adams would say.<br /><br />http://www.quotationspage.com/quote/1271.htmlregularly scheduled programmingnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-14243610012245679572009-10-01T09:34:14.875-04:002009-10-01T09:34:14.875-04:00What would I do with $20,000? Good question. But I...What would I do with $20,000? Good question. But I assume it means two stacks of high society separate from income, which I hope would continue even in these trying times.<br /><br />Actually, I had $20,000 in the bank not too long ago, had been saving for years. Since the condo is paid for, and I don't carry credit card debt, my living expenses are pretty low. My only debt is one student loan I took out for graduate school. So, I figured, what the hell, buy a sports car. Down payment, insurance, and Cowboys accessories added up to about $7000. The rest is safely parked, gaining interest, albeit very little.<br /><br />I'm with Mark on this. It's all about safety of principal and adequacy of return. The secret to having money is in protecting it. So if I had $20,000 to invest right now, I certainly wouldn't put any of it into stocks, bonds or mutual funds.<br /><br />I'd probably put $5000 in a money market accout, $5000 in a savings account, and buy $10,000 worth of certificates of deposit at a reputal local bank, i.e. NOT Bank of America. Then ride out the storm.<br /><br />Minimize expenses, maximize savings, pay off the car as quickly as possible. That sort of thing.GawainsGhosthttps://www.blogger.com/profile/16719480047404817864noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-64964132512000343312009-09-30T22:11:18.840-04:002009-09-30T22:11:18.840-04:00Lisa,
"I would allow at least a few thousand...Lisa,<br /><br />"I would allow at least a few thousand for the exclusive purchase of chocolate."<br /><br />You are very wise.<br /><br />"WWII Escape Evasion Survival Kit"<br /><br />http://www.worthpoint.com/worthopedia/wwii-escape-evasion-survival-kit<br /><br />"The contents are Chocolate Ration..."<br /><br />Chocolate is indeed an excellent survival item. Relatively inexpensive. Lots of calories. Doesn't take up much space. Decent shelf life. What's not to like? ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-36992533586462722832009-09-30T22:10:07.208-04:002009-09-30T22:10:07.208-04:00Mark,
Very good take. The cash part is very impor...Mark,<br />Very good take. The cash part is very important. I will probably go into my own allocation tomorrow.<br /><br />Lisa,<br />so good to see you. Would that chocolate be the high end stuff or good old hersheys?<br /><br />Of course, I would blow a thousand on redundant CD players, batteries, and redundant copies of the Randy Rhoads Tribute album, but I am a disturbed individual.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-75376879438759654022009-09-30T21:35:23.980-04:002009-09-30T21:35:23.980-04:00I'm with Mark on this one. With one exception...I'm with Mark on this one. With one exception. I would allow at least a few thousand for the exclusive purchase of chocolate.Lisahttps://www.blogger.com/profile/15843387874275045700noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-84284787256045413472009-09-30T21:13:01.987-04:002009-09-30T21:13:01.987-04:00GYSC,
Here's my take on explaining the never ...GYSC,<br /><br />Here's my take on explaining the never ending inflation vs. deflation debate. It's a long time theory of mine.<br /><br />You take the deflationary Great Depression and mix it with the inflationary 1970s. What do you get?<br /><br />You get what we've got right now. The deflationary forces offset the inflationary forces. You are left with the only common themes between the two periods... high unemployment and massive economic pain.<br /><br />So, that said, here's what I would do with the $20k.<br /><br />$10k goes in cold hard cash so that you can actually afford to pay bills if and when you lose your job (and/or a financial emergency appears). That covers the deflation part.<br /><br />$10k goes towards buying things you know you will someday need (before other people get that same crazy idea). This would include, you guessed it, toilet paper. That covers the inflation part.<br /><br />No stocks. No bonds. No TIPS (a favorite of mine). No gold (a favorite of yours). No managed futures accounts. No derivatives. No leverage.<br /><br />Safety first. Ask questions later.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com