Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Could this scenario happen?
Old 01-26-2006, 05:56 PM   #41
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Could this scenario happen?

Quote:
Originally Posted by justin
Just a guess - people will understate debt and overstate assets.* The debt is easy to explain - people forget about it, "out of sight, out of mind", or it's something they'll pay off soon, when things get better, so they don't want to mess up the census results with it.*

Overstating assets - bragging, people don't know.* Those on this board that do a "net worth statement" are a slim majority.* They guess to make it look good, to impress others.
If this is true (slim majority), then (once again) I am quite
unusual in that not only do I know exactly what my net worth is,
I never distort it. What would be the point? To impress people
I don't even know? That would be a little sick IMHO.

JG
__________________

__________________
MRGALT2U is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Could this scenario happen?
Old 01-26-2006, 06:23 PM   #42
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
Re: Could this scenario happen?

Quote:
Originally Posted by SteveR

Too many dollars chasing too few goods? If so, then expect prices to go down and a lot of churn and burn in all the markets.
That doesn't sound right to me. Too many dollars chasing too few goods - I would expect prices to go UP not down. :

Grumpy
__________________

__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Re: Could this scenario happen?
Old 01-26-2006, 06:37 PM   #43
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Could this scenario happen?

Quote:
Originally Posted by grumpy
That doesn't sound right to me.* Too many dollars chasing too few goods - I would expect prices to go UP not down.* *:
Meanwhile, back at the Federal Reserve: "Oh, @#$%, that's how it's supposed to work? Quick, call the Treasury and tell them to stop the presses!!"
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Could this scenario happen?
Old 01-26-2006, 07:01 PM   #44
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Could this scenario happen?

Quote:
Originally Posted by bongo2
Will everyone have a million dollars in the future?
Absolutely...but by that time it will only buy you a grande latte at the SuperWalmartstarbucks.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Could this scenario happen?
Old 01-26-2006, 07:02 PM   #45
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Could this scenario happen?

Quote:
Originally Posted by MRGALT2U
I never distort it.
Hey...four bucks is four bucks!
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Could this scenario happen?
Old 01-26-2006, 07:10 PM   #46
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Could this scenario happen?

Quote:
Originally Posted by (Cute Fuzzy Bunny)
Hey...four bucks is four bucks!
True!

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Could this scenario happen?
Old 01-26-2006, 07:11 PM   #47
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Could this scenario happen?

Cute and fuzzy bunny always tells the truth!

as far as you know...
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Nothing bad could possibly happen.. Mwsinron FIRE and Money 9 05-14-2007 12:14 PM
help with my scenario smileydog FIRE and Money 9 04-16-2007 08:31 PM
Worst case scenario. Sam Other topics 34 04-03-2007 08:04 PM
How will this scenario effect my credit rating? Cheapo Marx FIRE and Money 18 02-10-2006 12:31 PM

 

 
All times are GMT -6. The time now is 10:03 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.