Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.
Click here for non-Flash version.click ► to listen:
Right click here and select ‘Save Link As…’ to download the mp3 file.
Click here for non-Flash version.click ► to listen:
Right click here and select ‘Save Link As…’ to download the mp3 file.
When Obama said there was no fiscal cliff, he was telling the truth. Boehner and Cantor have already agreed to massive taxi hikes on the rich, plus closing loopholes, and they’ll get a few billion in spending cuts that take effect in the year 2112 or thereabouts.
Makes sense Boner and Cancer did this because the rich don’t use taxis
Its clear the Tea Party has to cleanse out these elite Republicans.
They will gladly join the Democrat Party…as “blue dogs” and then be purged by Pelosi, the brain behind the DNC.
Inflation is good for consumers, it means they can pay off debt easier, but it’s bad for banks because because consumers can pay off debt sooner.
Only if the consumer’s income increase at the same pace as the inflation. My income, sadly, does not.
Depends on which consumers.
Consumers who spend the minimum but try to save up for a nest egg will watch their savings get plundered by hyper-inflation.
But on the flip side, consumers who have no fiscal responsibility and put themselves into perpetual high debt will be rewarded for their bad behavior.
In other words, another way to redistribute wealth on a grand scale.
Inflation is terrible for consumers and business that can’t raise prices to maintain profit margins.
The working poor go hungry, middle class scrimps becomes poor, and except for mining, lots of business go under when they can’t pass on the rising costs.
You didn’t approve my comment. Since my content is not wanted, I’m dropping your feed.
bye
Guyver says, in part:
“… consumers who have no fiscal responsibility and put themselves into perpetual high debt will be rewarded for their bad behavior.”
Governments too.