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American Express Company Message Board

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  • yourbestfriendintheworld yourbestfriendintheworld Apr 27, 2012 2:53 PM Flag

    Home sales great/market does not need QE#3 anymore.

    First of all, houses are in line with pre-bubble growth rates. Going back further prices will be lower, due to this thing we call "inflation." Get used to it, it's a mathematical fact of market economics when population and productivity growth are both above zero.

    Clothing is dirt-cheap, the result of outsourcing every facet of their production to countries where labor costs a dollar a day (outsourcing is a source of negative productivity growth, hence deflation). But you may be paying $200 for a pair of sneakers; the rest of us have always laughed at that.

    Actual food is also cheap. Chemical, pre-prepped, or magacorporatized fast food is not, but it's also not actual food. Learn to cook and you'll save $500 a month, and get some actual nutrition out of it (unless you cook only what Paula Deen shows you...).

    I'm completely fine with being in the minority here. I'm on the right side of the prediction, and all those on the wrong side of it will be the ones paying off my investment in this _ongoing_ recovery. You might want to turn off the anti-Obama propaganda machine that is hiding the reality of it from you. The economy is booming, and credit-card stampers aren't the only ones profiting from it.

 
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