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Thread ID: 111423	2010-07-26 16:45:00	Economists Afraid Of 'Deflation' Now	SurferJoe46 (51)	PC World Chat

Post ID	Timestamp	Content	User
1122600	2010-07-26 16:45:00	Inflation - recession - depression are all just words to most people - at least those who don't feel personally assaulted by the effects or who still live at home with the peeps . Ignoring or denying the effects are all dangerous - but for vastly different reasons than just holding a stiff upper . Rears a new word: 'deflation' where the factories slow production to reduce inventory and they stabilize their employee count to just enough to keep their heads above water, and the purchasing public keeps holding their cash closer and closer to the vest . The problem self-feeds and people keep holding out waiting for the prices to get really lower and lower and in the meantime the factories attempt to pare the overhead, cutting built items and warehoused materials by limiting the production in the first place and it's a vicious cycle of on inward spiral . Coupled to cooked numerical evaluations of lowered unemployed ranks (those who are chronically unemployed and are off the dockets, are no longer reported) and the general dismal performance of the housing market - it all looks rickety - if not a full-on tank-slappin' wobbler . Since for some reason I cannot get Radio NZ any more (!?!?!?!) and I don't have a streaming source of info for Upsidedown Land; What's happening there?	SurferJoe46 (51)
1122601	2010-07-26 20:52:00	Its cold and wet	prefect (6291)
1122602	2010-07-26 21:27:00	With rain and low temps. However, Vegemite supplies are excellent, so we are pretty cheerful and safe. PS: That is not my cat on the road, should Google Earth pick it up before the garbage collectors do. I do not have a cat, and if I did, it would not be that one.	R2x1 (4628)
1122603	2010-07-26 22:55:00	Inflation - recession - depression Since for some reason I cannot get Radio NZ any more (!?!?!?!) and I don't have a streaming source of info for Upsidedown Land; What's happening there? The NZ/Australian Houseing market is slowing and seems likely to start falling soon unless we are the first nation in the world to ever sustain a houseing bubble (not likely). Although just like California before the "pop" there are many here insisting its not going to happen. The drop will not be as fast or as deep as much of the US. Unemployment is at 6% believe stable, GDP is at around 3%. Retailers are noticing the public are slow to spend both here and Aus. No question people are being more careful with there money, its kinda freshing seeing more people living within there means imo.	Battleneter2 (9361)
1122604	2010-07-26 23:20:00	I would like house prices to keep falling so young couples can buy a house. Houses in Auckers are grossly overpriced for what they are, house prices through out NZ should be benchmarked to Southland prices.	prefect (6291)
1122605	2010-07-27 01:10:00	I would like house prices to keep falling so young couples can buy a house. Houses in Auckers are grossly overpriced for what they are, house prices through out NZ should be benchmarked to Southland prices. Are you suggesting government intervention in the housing market??? That sounds like communism to me, prefect! :D Capitalism - letting the market dictate the price based on demand....	johcar (6283)
1122606	2010-07-27 01:25:00	The NZ/Australian Houseing market is slowing and seems likely to start falling soon unless we are the first nation in the world to ever sustain a houseing bubble (not likely) . Although just like California before the "pop" there are many here insisting its not going to happen . The drop will not be as fast or as deep as much of the US . Unemployment is at 6% believe stable, GDP is at around 3% . Retailers are noticing the public are slow to spend both here and Aus . No question people are being more careful with there money, its kinda freshing seeing more people living within there means imo . Do you feel that 6% is realistic? Are your insurance companies and banks heavily in the real estate business? A lot of retirement folios are tied to the GNP, indirectly via the housing market since it affects that too, and right now a lot of the retirement insurance companies are getting caught short with long paper that isn't gonna pay out in the near or foreseeable future either . Many people out of work are taking the retirement early and just taking the loss up front with diminished payouts . But they see no prospects to ever being employed again, so they take their somewhat smaller golden parachute . The police/fire departments and civil servants are all tied to a private retirement account and investment company and they lost bundles on the housing crash - so there's no guarantee for the retired-retiring and someday-might-retire employees who have yet to even think about retirement . This is gonna get rough soon . I have Federal Social Security and am pretty safe so far . When it finally implodes and goes down, the rest of the government is gone anyway and everyone's in the same boat by then .	SurferJoe46 (51)
1122607	2010-07-27 01:44:00	I would like house prices to keep falling so young couples can buy a house. Houses in Auckers are grossly overpriced for what they are, house prices through out NZ should be benchmarked to Southland prices. I agree with the price of house, way over priced compared to wages in nz. I would rather see prices come down than wages go up as that would fuel inflation Joe: what do you mean by implodes?? is it running out of cash?	Gobe1 (6290)
1122608	2010-07-27 02:07:00	I agree with the price of house, way over priced compared to wages in nz . I would rather see prices come down than wages go up as that would fuel inflation Joe: what do you mean by implodes?? is it running out of cash? Yeah - they are going broke for a few reasons: In speaking about the retirement/investment companies::: 1) They fixed their future retirement funds to retiring employees on the real estate market, which has failed with (in some areas) over 80% failures to sell or they just had walk-away owners who couldn't pay the mortgage any longer and the property taxes, and then the finance companies levied very high penalty charges on late payments so many of the homes that WERE occupied are now just abandoned and left to rot . 2) The head count of new-hired employees has diminished so badly - especially when cities and local governments cannot afford new-hires that the roster of employees to feed the cash funds are missing and the wheels are falling off the one horse shay . This is happening in private industry retirement 401k and Keogh funds too through these same companies . 3) Remember that police and fire personnel don't pay into the Federal Social Security and their retirement is solely on these investment companies, supposing they made good investments and got the anticipated returns for those investments . They didn't . 4) Self-employed persons - tradesmen and business owners don't pay into the Federal coffers either - they are solely responsible for their own investments for retirement . ALL these retirement/investment companies had their future earnings greatly tied to the real estate market - and this is the problem, since these people won't be able to get federal Social Security when they retire . Their nest egg and retirement cash flow is abridged, lost, gone and/or will not return . Private industry won't hire these older people and even the ones that took the parachute, they won't likely get re-employed any time in the future either . The government can';t absorb them back into the labor force since they are overloaded with people who are clinging by their teeth to the jobs they currently hold and have no intent to retire until it's obvious that sticking around is untenable . Fortunately I can ride this coattail for a while - even if I have to not get another pay raise this year again for cost-of-living in my SS check . My lifestyle is set and my actual expenses let me bank some of my monthly check so far . I feel really saddened for those who are not yet retired - they will not likely have any source of income since most of them bought into the private retirement companies as they thought they would always be solvent and fluid . Here's an on-going scandal about heinously high payrolls for city officials in a poverty-ridden city of mostly unemployed Hispanics and "misplaced tourists" in it's city limits . This is just rotten! . bloomberg . com/news/2010-07-27/california-mayor-under-probe-apologizes-for-city-s-indefensible-salaries . html" target="_blank">www . bloomberg . com BTW: "Misplaced tourists" is the new PC name for illegal aliens in the US .	SurferJoe46 (51)
1122609	2010-07-27 02:53:00	Same here SurferJoe, loads of people think it doesn't affect us the same but it does. Yes nice for house prices to fall but it's a symptom of the stupid economic system we have, and it just means more doom and gloom. NZ could be worse off as all we do is supply meat, milk and trees to the world and apart form the milk none of that has been doing too well either.	pctek (84)
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