tag:blogger.com,1999:blog-8358039.post1404274307426851747..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Thank the Chinese and the Arabs for Your High House PricesCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8358039.post-81556497642810923892007-03-20T11:49:00.000-07:002007-03-20T11:49:00.000-07:00"presumably, people that are much higher ranked th..."presumably, people that are much higher ranked than me, with much higher offices and fancier cars are paid the big time bookoo bucks to know more than I do."<BR/><BR/>What makes you think any of these people know more than you? Is Northwest Airlines not a classic example? The only thing that the past couple of CEOs know more than your average guy is how to secure bailouts curtesy of the taxpayers of MN while leaving with huge bonuses and pensions!!<BR/><BR/>JunamAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-34911763273606754852007-03-19T12:51:00.000-07:002007-03-19T12:51:00.000-07:00In reality, don't we have George "I make LBJ look ...In reality, don't we have George "I make LBJ look like a fiscal conservative" Bush to thank here?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-56293890400262373382007-03-19T10:08:00.000-07:002007-03-19T10:08:00.000-07:00I really appreciate your insights. I've added you...I really appreciate your insights. I've added your blog to my favorite links list on my blog: <A HREF="http://thalespress.blogspot.com/" REL="nofollow">Thales' Press</A>.Robert D. Brown IIIhttps://www.blogger.com/profile/17101199395342080657noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-80554713621524118922007-03-19T00:31:00.000-07:002007-03-19T00:31:00.000-07:00I think there's another significant factor that yo...I think there's another significant factor that you haven't mentioned, which is increased productivity from China and India and the role that Wal-Mart has played in delivering lower prices to a lot of American consumers and the impact that has on the Fed's interest rate policies.<BR/><BR/>Those factors push prices down, so to keep the CPI stable the Fed lowers rates to increase the money supply. Some of the new money floats around and prevents the prices of a lot of things from falling much, while some of it ends up flowing into an idiotic speculative housing bubble.<BR/><BR/>There's a lot of random crap hitting in exactly the wrong direction at the same time. I'm betting we'll see a recession within two years.Anonymousnoreply@blogger.com