{"id":61846,"date":"2009-12-03T17:28:09","date_gmt":"2009-12-03T22:28:09","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/03\/economics-rich-and-poor-get-richer-half-recovery-inflation-treatise-japanese-deflation\/"},"modified":"2009-12-03T17:28:09","modified_gmt":"2009-12-03T22:28:09","slug":"economics-rich-and-poor-get-richer-half-recovery-inflation-treatise-japanese-deflation","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/61846","title":{"rendered":"Economics: Rich and Poor Get Richer, Half Recovery, Inflation Treatise, Japanese Deflation"},"content":{"rendered":"

\"Bill-Coppedge\"<\/a> \"original<\/a> <\/p>\n

 <\/p>\n

\"mark1\"<\/a> \"mark2\"<\/a> <\/p>\n

\"carpe-diem\"<\/a><\/p>\n

The Rich Are Getting Richer and the Poor Are Getting Richer; The Good Old Days Are Now<\/strong> –
Chart 1 … shows the percentage of all U.S. households owning various household appliances in 1971 and 2005<\/strong>, and the percentage of poor households (below the official poverty line) owning those appliances in 2005. The data show a significant improvement in living standards between 1971 and 2005<\/strong> <\/p>\n

Chart 2 … In other words, to purchase those 11 basic household appliances in 1973 would have taken … 3.4 months working full-time at the average hourly wage in 1973. To purchase those same eleven appliances in 2009 would have only taken … 1.1 months.   <\/strong>Mark Perry’s Carpe Diem Blog<\/a><\/p>\n

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\"nyt1\"<\/a> <\/p>\n

Get Ready for Half a Recovery<\/strong> – by GRETCHEN MORGENSON – … Mr. Shepherdson\u2019s 2 percent estimate for gross domestic product growth next year is roughly half what he would normally expect for a solid economic recovery. And a crucial reason is the fact that bad assets on personal and institutional balance sheets are the equivalent of a ball and chain<\/strong> strapped to the economy, he says. … – NY Times<\/a> <\/p>\n

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\"ahlgren-multiverse\"<\/a> <\/p>\n

A treatise on inflation – Consumer-driven Deflation? Not Even Close<\/strong> – Paco Ahlgren – Ahlgren Multiverse Blog<\/a> 
…
So this brings us to four final questions<\/strong> (as well as their answers, which I am thrilled to provide at no extra charge):
1.     If the Fed is going to (attempt to) hold down long-term rates by using printed money to buy Treasuries, isn’t that going to cause downward pressure on the value of the currency?<\/strong> (Yes!)
2.     And as the dollar loses value, won\u2019t U.S. creditors be reluctant to loan us more money \u2013 or even to hold existing American debt?<\/strong> (Yes!)
3.     And won’t that necessarily mean rising interest rates?<\/strong> (Yes!)
4.     So how, exactly, is that going to keep long-term Treasury rates lower?<\/strong> (It won\u2019t!)
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\"soberJapans<\/a> \"sober-look\"<\/a> <\/p>\n

Japan facing harsh realities of deflation<\/strong> – It may sound like a wonderful concept – you wake up every morning and things are a bit cheaper than before. Your money is worth just a bit more. And that is (sort of) the situation in Japan currently. The chart below shows Japan’s negative inflation rate<\/strong>. – Sober Look Blog<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

  The Rich Are Getting Richer and the Poor Are Getting Richer; The Good Old Days Are Now – Chart 1 … shows the percentage of all U.S. households owning various household appliances in 1971 and 2005, and the percentage of poor households (below the official poverty line) owning those appliances in 2005. The data […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-61846","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/61846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=61846"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/61846\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=61846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=61846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=61846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}