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Not at all - I find it doubtful that all bureaucrats would move in tandem and keep their mouth shut about it.
It goes beyond bureaucrats, but practically anyone that needs a government license to maintain or improve their own standards of living. i.e. knowing which side of their bread gets buttered. Check this video out:
Do you really think that is mere co-incidence?
Shouldn't the market in your model have sorted out the self-serving bureaucrats by now?
Why? Market is not magic, just expressions of the wishes of the participants under given conditions. It's just like voting in democracy, but takes place every minute instead of every few years.
If you want to define money supply in this way, then for the US economy money supply should be "GDP." Which is exactly what I was getting at with M-whatever and M-whatever velocity.
No, it is not. It's the asset valuation, not the transaction volume.
If French wine increases in relative value, and that added value is converted to credit money, and that added credit money is used to generate economic activity, isn't that added GDP?
Not if the owner counts his wine like people counted their stocks in the late 90's, and houses in 2005-07, and money sitting in a bank account. The "money" is not spent right away, although it does affect their spending pattern.
Never pay more than 50% of asking price. I'm not interested in helping the seller,
you are an idiot....
Your absolutely correct. I should not pay more than 40% of the asking price. Why should I pay extra commission? Thanks for bringing this to my attention.
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Anyone still holding for the day when interest rates might go up and could push prices back down? Though manycash buyers are jumping in these days.
#investing