tag:blogger.com,1999:blog-6244999628674918029.post6101584748159033136..comments2024-03-28T13:53:04.287-05:00Comments on Bayou Renaissance Man: A level-headed, sober view of US economic realityPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6244999628674918029.post-50638786555821241182019-01-09T18:53:11.010-06:002019-01-09T18:53:11.010-06:00I would discount the Chapwood Index unless you are...I would discount the Chapwood Index unless you are in the 0.1%: they include a lot of luxuries like maid service and fillet steak.Quartzhttps://www.blogger.com/profile/02728493448992671955noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-50653455070123524672019-01-05T16:24:57.659-06:002019-01-05T16:24:57.659-06:00Excellent facts, and sobering.
I wish you had use...Excellent facts, and sobering.<br /><br />I wish you had used $100 -- and then only added the decimals when less than $10 (eg $12, the $9.46).<br /><br />I advise buying Real Estate, and when times are "good", paying the mortgage off faster -- "saving" in your house.<br /><br />Or houses, if you can afford sometime to buy and rent (tho being a rental manager IS a hassle).<br /><br />It used to be that most self-made millionaires got rich thru real estate, tho most probably were more risky than most more reasonable folk would be.Tom Greyhttps://www.blogger.com/profile/15046612425809449502noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-83737119974585348302019-01-03T15:16:28.581-06:002019-01-03T15:16:28.581-06:00The biggest threat that inflation holds is to save...The biggest threat that inflation holds is to savers. Your dollars in the bank are losing value daily, and can go to nothing VERY quickly.<br /><br />One only has to look to Venezuela to see that having 200K in the bank quickly meant not having enough to eat, not the nice retirement that was planned. By quickly, I mean less than 5 years.<br /><br />This is why I think that rather than have savings for retirement, one must have INCOME STREAMS. Especially ones that can be readily or automatically adjusted for inflation. <br /><br />zukzukhttps://www.blogger.com/profile/09170254834612495111noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-75120577954782079392019-01-03T11:22:17.591-06:002019-01-03T11:22:17.591-06:00As a total non sequitur to this post, but a topic ...As a total non sequitur to this post, but a topic on which you've hit several times:<br /><br />https://voiceofeurope.com/2018/12/sweden-silently-prepares-for-ebola-outbreak-and-builds-isolation-unit-for-ebola-patients/<br /><br />Haven't heard much about Ebola (or Marburg) lately.<br /><br />I fully expect one of these, if not both, to hit the European continent in 2019 given the relentless flood of people coming in.<br />NITZAKHONhttps://www.blogger.com/profile/04110716447757507226noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-92083070774994320312019-01-03T11:08:32.771-06:002019-01-03T11:08:32.771-06:00@LL: Why do you think there's such a push for ...@LL: Why do you think there's such a push for a cashless, all-electronic, economy? It's not just for taxes; it's for absolute monitoring of the people.<br /><br />IMHO, the collapse is coming. It can't be stopped. Others see it too:<br /><br />https://lidblog.com/liberals-fiscal-cliff/<br /><br />The question is not if it happens, it's WHEN. And HOW BAD will it be, and HOW LONG will it last.<br />NITZAKHONhttps://www.blogger.com/profile/04110716447757507226noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-20608986734147458812019-01-03T10:02:46.278-06:002019-01-03T10:02:46.278-06:00There is enough of a shadow economy working and a ...There is enough of a shadow economy working and a 'cash based' economy that it's difficult to know what the national economic situation really is. For example, if you live in an area where there is a vibrant illegal drug trade, you'll find large numbers of unemployed people driving around in new cars, going on lavish vacations, etc. Likewise there are a lot of people on government benefits who work for cash. <br /><br />For example, in the 1980's Newport Beach, California, an affluent coastal community, was known as the Fraud Capital of America. Scams run from that city brought hundreds of millions of dollars per year into Newport and Orange County. The trickle down led to faux affluence.LLhttps://www.blogger.com/profile/05538854359365988863noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-86917308791916872152019-01-03T10:01:02.088-06:002019-01-03T10:01:02.088-06:00Most people don't realize their raises - if th...Most people don't realize their raises - if they receive one - usually don't cover the increased costs due to inflation. It looks good on paper, they feel really good for awhile, and then they're back to wondering on how to make ends meet. It's a form of thievery, and we pay the thieves to accomplish their task. Jesshttps://www.blogger.com/profile/15969361446367636746noreply@blogger.com