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Old 11-30-2010, 05:57 PM   #11
Adder
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Re: Job #1: Making Hank happy

Quote:
Originally Posted by sebastian_dangerfield View Post
Lewis is wrong. Everybody knew housing was a bubble.
That's only half the problem, though. I think what people didn't know is when it would end.

Quote:
The only assholes who didn't were the high-on-hubris and utterly clueless fucks near the top
And the ratings agencies.

Quote:
They aren't spending shit and won't be doing so because persistent slow but insidious inflation in the cost of necessities (fuel, communication, rent, etc...) is fucking them.
Perhaps tomorrow I will find you some data, but this is a myth. Or rather, the existence of the inflation is a myth. The perception of the inflation isn't a myth, and is itself enough to support your point.

Quote:
The data's broad and the headline's "Deflation!"
More specific data is available.

Last edited by Adder; 11-30-2010 at 06:09 PM..
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