8/14/2007

3 Responses to “Dog Bites Tribune Stock”

1. the whole damn market is tanking due to the subprime mortgage thing. all that money the fed pumped in to ease liquidity fears is gonna ignite major inflation. i’m ready for it, are you? if there’s gonna be an economic apocalypse, let’s get it over with.

   assistant devil's advocate (2acb60) — 8/14/2007 @ 10:55 pm

   
   

2. ada,

   My, we are panicky today, aren’t we? Do you base that in nature or nurture?

   The fed will indeed accept somewhat higher inflation. So they’ll fudge the stats – a proven tactic, since history proves that changing the definition of inflation does NOT stop economists from treating it as a constant measure (“if we call an economist a dog, then how many dogs does an economist have?) – by starting to move housing back into the CPI.

   Since housing will at best be flat in real terms, at 7% inflation fudged down to 3% or 4% by the changes, the value of money and therefore of real debt will be halved in a mere 10 years, or approx two presidential terms. Full bonus: the govt’ll cut its own debt in half too, and can resume bribing you w/your own money.

   Sure, foreign holders of US bonds will be ticked, but so what, they don’t vote, and besides, the govt can then reward friends and punish enemies on a case by case basis.

   Serious Supplementary Credit Question To Weed Out The Posers: if you were the world’s biggest altruist… OR … the world’s biggest bastard … … what would you do different? … anything? Or is it the same strategy either way?

   ras (adf382) — 8/15/2007 @ 1:20 am

   
   

3. Why do I care about Tribune stock, again?

   steve (635e1d) — 8/15/2007 @ 4:30 am