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Re: OT disappointed in what i heard today.


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Posted by LAA on December 12, 2015 at 11:17:46 from (217.175.64.196):

In Reply to: OT disappointed in what i heard today. posted by rkc9700 on December 12, 2015 at 10:20:57:

I would not necessarily think they are weak because at least they are trying to get ahead and build a business but for many of them stupid fits pretty good. How else can you describe people who think it's a winning strategy to borrow money and mortgage land and equipment they already own to by more land priced up to multiples of 25 X maximum production. Everyone who bets continuously on inflation to cover the costs of over paying or over spending always loses in the long run, some may win in the short term if they buy and sell before the inevitable crash or " rebalancing" as the economists like to call it now days. Look at the federal debt, it is the exact same scenario, spend like drunken sailors as long as inflation is cheapening the money and raising revenues but the minute posterity sets in it is look out below.


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