Berkeley CSUA MOTD:2010:March:05 Friday
Berkeley CSUA MOTD
2010/3/5-30 [Reference/Tax] UID:53741 Activity:nil
3/5     A while back, I mentioned the possibility of hyperinflation in the US
        Looks like I'm not the crazy one:,8599,1969231,00.html
        \_ Stands to reason it will happen. We want a weak dollar to pay
           back debt with devalued dollars and we printed a lot of them.
           I invested a lot in TIPS.
        \_ Yawn. Right now the problem is deflation, not inflation. That
           article says that taxes are going to go up instead, and I tend
           to agree.
           \_ Taxes will probably rise, but inflation is inevitable given
              how many dollars we printed and scarcity of natural resources.
              I would (and did) bet heavily against deflation.
              \_ How do you explain Japan's two decade long experience with
                 deflation then? They printed lots of money, have ran massive
                 budget deficits, have a scarcity of natural resources and
                 have not been able to shake the deflation bug.
         \_ "As Washington ponders its taxation options, it might also wish
             to cast its gaze toward the NYSE and Nasdaq, whose companies add
             very little to the public till."
             Only if you completely ignore the payroll taxes and sales
             taxes these companies pay and the taxes their employees pay
             out of their salaries.
2010/3/5-30 [Politics/Domestic/Gay, Politics/Domestic/RepublicanMedia] UID:53742 Activity:nil
3/5     Like it or not, Michelle Malkin is a lot wealthier and
        financially savvy than most of you ranting liburals out there:
        \_ Who's she?
           \_ She is a 'conservative' pundit, so stupid and annoying that she
              makes Anne Coulter look brilliant and charming by comparison.
        \_ I don't know if having a wildly popular blog sell for lots of $
           because the public is enamored with your particular brand of stupid
           really constitutes "savvy".  Would you call some hack romance
           novelist "financially savvy" just 'cause they managed to rack
           up the $$? -phuqm
        \_ " ... for an undisclosed sum." How much, $100?
Berkeley CSUA MOTD:2010:March:05 Friday