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Death Of Money

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Buy money, they're not making it anymore.

Tighter mortgage qualification standards - not that far away from the rush of buyers into assets at any price (outbidding you by more than x4) turning into a trickle - US banks better recapped, and UK banks deleveraged somewhat... with a load of junk offloaded.

Low-mid-high prime area houses all over Rightmove, full of oldies' furniture, seeking fortune asking prices. At that end, there's beginning of a few more 'Sealed bids before' on market and suggestions some may try auction route rather than wait ages to see if someone passes MMR at their asking price.

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What do you think of the deflationist denningers musings?

Do you think the taper will continue as planned?

I follow him pretty closely. I can't find fault in his logic or facts. I'm inclined to give much more credence to a position arrived at through logic and facts rather than plucked out of the air. I haven't seen an inflationist argument put before him that has survived scrutiny.

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