Elaine Supkis writes:
Yup. My granddaddy told me, "Memorize this book". My blog recommends it regularily. Thank you for your own endorsement.

Money: we have been printing money like mad and it sloshes all over the planet and we print even more madly and it sloshes ever higher. This is why gross inflation has hit housing.

Yes, it is inflation, dear people. Huge inflation. Inflation never "disappears" entirely except on very rare occassions like the Great Depression when all currencies collapsed and most banks folded and governments fell and WWII was the end result. Yoiks.
Elaine Supkis | Homepage | 06.19.05 - 8:49 am | #

donna writes:
Yeah, Elaine, I think they said "deficits don't matter" cause they "printed" a trillion spare little tiny electronic dollars somewhere.... gosh, wish I could print those on my computer!
donna | Homepage | 06.19.05 - 12:39 pm | #

QuietStorm writes:
Check out Robert Shiller's thoughts on the housing bubble in this week's Barron's. (Requires a subscription).
QuietStorm | 06.19.05 - 4:13 pm | #

Elaine Supkis writes:
Why bother? You can get just as good information from CR here for free, not to mention my blog. I have jokes at my blog, too.
Elaine Supkis | Homepage | 06.19.05 - 4:45 pm | #

kailuabruddah writes:
Edward Chancellor's book, Devil Take The Hindmost is another excellent read:

http://www.amazon.com/exec/obido...=books& n=507846
kailuabruddah | 06.19.05 - 10:24 pm | #

Anon writes:
Huh? Elaine, I suggest you take a look at MZM... hardly "inflationary". In fact, it has hit an startling and unprecendented "shoulder" in the last 18 months or so. M3 continues to rise, but at a reduced rate as well (although the change is not so jaw-dropping).

Recall that "inflation" is not synonomous with "price rise", either in general or in a particular area of the economy. Rather, price rises will *result* from inflation... but they may also result from other causes.
Anon | 06.20.05 - 12:02 pm | #

Jason Wright writes:
I wish I worked in one of those tech companies that allowed its employees to choose their own job titles. "Senior Mesmerizer" sounds sooo cool!
Jason Wright | 06.20.05 - 1:58 pm | #