Comments by "Harry Mills" (@harrymills2770) on "Eurodollar University" channel.

  1. Deflation of urban real estate is definitely a thing. Inflation of prices for goods and services is also a thing. I guess it depends on whether you work for a living or are holding on to a bunch of empty office buildings.
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  2. The way they compute unemployment rates is pretty bogus. Even your adjustments to the existing rate don't adjust to people leaving the labor market (falling off the unemployment insurance rolls) over years. You're only reaching back a short distance. Look at the federal debt and the endless deficits stretching out into the future. We're going to inflate. I don't see any way around it. That, more than BRICS, will be the death of dollar hegemony.
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  3.  @FonokFonok-mo6mp  Economic theories are useful for making short-term predictions based on trend-line analysis. They over-complicate the language and syntax of the mathematics involved, but I've never seen an economist quantify or predict the one thing that makes trend-line analysis useless: innovation. New products and production methods don't really fit in the zero-sum thinking I see from most economists. In a true free market, profits shrink through competition for customers. We don't have free markets. We have government-dominated markets.
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  4. You do realize they just raised the debt ceiling, like they do every year.
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  5. Europe and USA can recover overnight, if they pull their heads out of their a$$es on energy, war, and government interventions in the economy. In other words, we're doomed.
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  6. "Cyclical forces?" More like death-spiral policies.
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