We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Bubble, what bubble? How many billions does the gubmint pump into the banks each month? 75 billion now? How many foreclosed homes are the gubmint and the banks sitting on?Those overdue, never to be paid college loans are approaching the trillion dollar mark? The list is long and the air is gettin thin, but the pumping never stopped. We is living in a bubble. Best we all find a bubble cause the big one might pop some day. Or mebbe we keep printing and all will be well. I dunno.
As I mentioned, you can go through previous posts - there are at least 3 which discuss the potential outcome(s).
For what it's worth, we're already in an inflationary environment. Just because the government statistics don't show it doesn't mean it isn't happening.
When you consider, coming out of 2008, that we were in a deflationary environment (average household savings leapt dramatically, while purchases fell) and deflation didn't set in (indeed, we had price increases), you have to question both what was going on (government spending of money it didn't have to take up the slack, expansion of available credit, government purchase of worthless bonds/debt) and the method of measurement (heavily weighted toward the kinds of goods and services purchased by the government).
Since then, it's not as if things have gotten 'better', despite what the president and the press have been telling us. Oh, look! The stock market is up, that's good for....well, it's good for some people.
Oh look! Corporate profits are at all time highs! Don't worry about all the layoffs they've engaged to maintain those high levels, or the excessive borrowing at zero interest. Those are things we'll figure out later.
Oh look! Unemployment is below 7.5%! Nevermind the people who have dropped out of the workforce or the increase in food stamp utilization. Those are just examples of the system 'working properly'.
I think the effects of this policy are already evident. It's really just a question of the endgame. Savings and asset confiscation? Why not - they did it in Cyprus, and several other nations. Make it illegal to own gold? Sure, we've done that before.
It won't end well, I think that's pretty apparent. The only question will be - who will they blame and what actions will they take to 'make things better'? Because that's when it gets really bad.
Feeling Good, I used to have one of those cool old Jags, kind of like promises from the Govt. looks good, almost works but it will let you down just about every time you really need for it to work. Those old XK-E's were a blast until they tried to kill you, mine decided to have the natural rubber gas line start leaking at a stop sign spraying gasoline onto a hot manifold causing vapors, etc. to come out of the louvers and they will try to do do you in.
They look so damn good and it feels so good when you are getting acquainted and then reality comes to roost and you will pay and pay.
I play Candy Crush - even though it is addictive (if you don't have anything to do and need to kill time which doesn't happen often, but occasionally), I can't understand how a one hit wonder app game can make the kind of money that would justify $19/share.
Yup. They have several other 'hit' games, but none like Candy Crush. I played it briefly. It's very addictive, and it does help pass time at airports. I removed it, though, when I began to see the distraction it created for me.
I never paid to play it, either. Plenty of people pay to play that and many other games. Not sure why.
Try 2048 if you'd like an online game that requires some thought. Spatial and mathematical skills required. It's free.