Right on. Long term view on the US $ is down as the US gov has made it clear they will do what it takes to keep the phony economy going. The gov would rather show us the $ in out bank account and house price - but at the cost of devaluing out currency. So, sure, say someone's 401K and house is now back to what it was 2 years ago, but their salary can not buy them the same items as they could have 2 years ago as the cost have gone up. This is not good, but that is what they are doing. Even this week, the new house buyer $ extension is looking to go through. This proves they will do what it take to blow air into a deflating housing bubble. Unreal.
Right on. Long term view on the US $ is down as the US gov has made it clear they will do what it takes to keep the phony economy going. The gov would rather show us the $ in out bank account and house price - but at the cost of devaluing out currency. So, sure, say someone's 401K and house is now back to what it was 2 years ago, but their salary can not buy them the same items as they could have 2 years ago as the cost have gone up. This is not good, but that is what they are doing. Even this week, the new house buyer $ extension is looking to go through. This proves they will do what it take to blow air into a deflating housing bubble. Unreal.
ReplyDelete