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  #16  
Old 6/5/09, 4:49 PM
Jae Williams Jae Williams is offline
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Default Re: Bad News--Good News
Quote:
Originally Posted by gromicko View Post
The dollar in your pocket is a false bubble.

Borrow now at cheap rates and invest in hard assets (businesses, raw land, gold bullion). Dollar will be worthless in 2 years and you can use the scrap paper to pay back the loan. Don't get caught saving toilet paper (dollars).
I think that you have pretty much the same idea I have.


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Liberty is a well-armed lamb. B. Franklin
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  #17  
Old 6/5/09, 5:13 PM
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Michael Larson Michael Larson is offline
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Default Re: Bad News--Good News
If we do suffer inflation, rates will have to go up along with everything else or no one will lend us any money.

Think about it.

You guys were around in the late 70s, right?


He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors - Thomas Jefferson - Founding Father

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. Thomas Jefferson

Never underestimate the difficulty of changing false beliefs by facts. - Henry Rosovsky-Harvard

Michael Larson
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  #18  
Old 6/5/09, 6:08 PM
Jae Williams Jae Williams is offline
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Default Re: Bad News--Good News
Not me--I was born in 1984...


"not just an inspection, but an education"

www.homesweethomecincinnati.com

Democracy is two wolves and a lamb.
Liberty is a well-armed lamb. B. Franklin
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  #19  
Old 6/5/09, 9:43 PM
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Nick Gromicko Nick Gromicko is offline
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Default Re: Bad News--Good News
Quote:
If we do suffer inflation, rates will have to go up along with everything else or no one will lend us any money.
Yeah, and today's borrowers will be locked in at 5.25% and laughing at the savers.


Nick Gromicko, Certified Master Inspector

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"Just as iron sharpens iron, one man sharpens another." Proverbs 27:17
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  #20  
Old 6/5/09, 9:56 PM
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Nick Gromicko Nick Gromicko is offline
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Default Re: Bad News--Good News
And long-term commercial leases are almost silly. 1/2 of what they were asking last year.


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  #21  
Old 6/5/09, 11:01 PM
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Michael Larson Michael Larson is offline
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Default Re: Bad News--Good News
Quote:
Originally Posted by gromicko View Post
Yeah, and today's borrowers will be locked in at 5.25% and laughing at the savers.
True, but if deflation continues you will have paid to much.


He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors - Thomas Jefferson - Founding Father

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. Thomas Jefferson

Never underestimate the difficulty of changing false beliefs by facts. - Henry Rosovsky-Harvard

Michael Larson
Hudson, WI

Services provided in East MN and West WI
InspectraPro
and
Minnesota Home Inspector

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  #22  
Old 8/19/09, 2:29 PM
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Nick Gromicko Nick Gromicko is offline
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Default Re: Bad News--Good News
Warren Buffet appears to be reading my posts. Anyone see his NY Times Ed Op today?


Nick Gromicko, Certified Master Inspector

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"Just as iron sharpens iron, one man sharpens another." Proverbs 27:17
Last edited by gromicko; 8/19/09 at 2:34 PM..
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  #23  
Old 8/19/09, 11:13 PM
Gary Farnsworth Gary Farnsworth is offline
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Default Re: Bad News--Good News
Good. He is worried about his real estate companies, which includes Reece and Nichols here in KC. I would make a call to his office, and leave a message. He just may call you back. He is a down to earth person, and likes to keep up on what the average American is doing. This is how he makes his money, and how he is successfull in selling furniture. (Nebraska Furniture Mart). How about a link to this article?
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  #24  
Old 8/20/09, 12:24 AM
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Nick Gromicko Nick Gromicko is offline
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Default Re: Bad News--Good News
http://moneynews.newsmax.com/streett...19/249871.html


Nick Gromicko, Certified Master Inspector

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"Just as iron sharpens iron, one man sharpens another." Proverbs 27:17
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  #25  
Old 8/20/09, 1:26 AM
Gary Farnsworth Gary Farnsworth is offline
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Default Re: Bad News--Good News
I have been doing some inspections lately for people from China....???
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  #26  
Old 8/21/09, 12:03 PM
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klott klott is offline
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Default Re: Bad News--Good News
Quote:
Originally Posted by mlarson View Post
Are you spinning for the administration now.
Check out this one.


"It's not what you believe that matters...it matters what you believe!"
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  #27  
Old 8/21/09, 12:18 PM
Michael Larson's Avatar
Michael Larson Michael Larson is offline
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Default Re: Bad News--Good News


He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors - Thomas Jefferson - Founding Father

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. Thomas Jefferson

Never underestimate the difficulty of changing false beliefs by facts. - Henry Rosovsky-Harvard

Michael Larson
Hudson, WI

Services provided in East MN and West WI
InspectraPro
and
Minnesota Home Inspector

Reply With Quote
  #28  
Old 8/21/09, 12:29 PM
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klott klott is offline
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Default Re: Bad News--Good News
Like I said, even the Smart democrats are seeing through the fog.


"It's not what you believe that matters...it matters what you believe!"
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