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Re: Could this scenario happen?
01-26-2006, 04:56 PM
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#41
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Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
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Re: Could this scenario happen?
 Quote:
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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.
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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
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Re: Could this scenario happen?
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01-26-2006, 05:23 PM
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#42
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,321
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Re: Could this scenario happen?
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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.
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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...
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Re: Could this scenario happen?
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01-26-2006, 05:37 PM
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#43
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Re: Could this scenario happen?
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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!!"
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Re: Could this scenario happen?
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01-26-2006, 06:01 PM
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#44
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Could this scenario happen?
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Originally Posted by bongo2
Will everyone have a million dollars in the future?
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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.
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Re: Could this scenario happen?
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01-26-2006, 06:02 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Could this scenario happen?
Quote:
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Originally Posted by MRGALT2U
I never distort it.
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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.
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Re: Could this scenario happen?
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01-26-2006, 06:10 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
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Re: Could this scenario happen?
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Originally Posted by (Cute Fuzzy Bunny)
Hey...four bucks is four bucks! |
True!
JG
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Re: Could this scenario happen?
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01-26-2006, 06:11 PM
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#47
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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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.
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