tag:blogger.com,1999:blog-3758330678390419129.post7668462351483873485..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Happy Bernanke Thanksgiving...Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-48348596761915934822012-11-22T13:10:16.450-05:002012-11-22T13:10:16.450-05:00I am glad to see you referring to it as a bubble B...I am glad to see you referring to it as a bubble Bob. I agree with you that it is unsustainable. The only question is how long this one lasts...but under the notion that each successive stimulus is shorter in duration and less effective I would be surprised to see this one last 3 years.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49512487785892241472012-11-22T12:39:13.305-05:002012-11-22T12:39:13.305-05:00Inflation will be serious in 2013. Already people...Inflation will be serious in 2013. Already people are squeezed. Yes, bubbles can be reinflated. The increase in prices will bump a lot of people out of certain markets, like housing, while rewarding key players connected to the reinflated industry. The press likes to hammer government bailouts to the gov't-connected 1%. But Fed policy of QEi is no different than the bank bailouts in 2008Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27510321202594564982012-11-22T12:30:52.953-05:002012-11-22T12:30:52.953-05:00From a paper received at a recent presentation by ...From a paper received at a recent presentation by Vernon L. Smith (2002 Nobel Prize in Economic Sciences winner) Balance Sheet Crises: Causes, Consequences and Responses. <br />"We propose the severity of the Depression beginning in 1929 were twin household-bank balance sheet crises-events... Each episode, we hypothesize, was preceded by unsustainable rises in expenditures on construction ofAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-65548926531642240072012-11-22T11:01:19.889-05:002012-11-22T11:01:19.889-05:00How is yet another housing bubble forming? I thou...How is yet another housing bubble forming? I thought trying to reinflate the biggest bubble of all time, once it has been popped, would be futile. I mean, shouldn't money be pouring into another asset class, besides housing? In my view the last big housing bubble hasn't even fully deflated yet. Think about it: can you think of a single large home builder that went bankrupt during the Anonymousnoreply@blogger.com