Barry said something about inflation and how Bernanke is not measuring it correctly. Then another blogger jumped on it and replied that Barry does not get it. The problem with this discussion is that it is a discussion of concepts and no illustrations.
Whenever I look at stats, and numbers I like to compare it to the little things. I find the little things usually make all the difference. HP has an update from Casey, and I advise you to read it. In particular the following made me take a close look.
Not sure what I’m gonna do about the approx 500K of debt still in my
name. That figure includes both credit cards, deficiencies on
mortgages and a private loan. Its just an estimate as I won’t know
until all my bank-owned properties get sold.
What does this tell you? Before I tell you what I think let’s look at Casey’s track record and see how the numbers add up. On his Wikipedia page I calculated he took on debt of 2.419 million, and has a valuation of 1.6 million. This leaves a net debt of 773,000. If Casey says he has about 500K including credit card, etc I think we could safely say that mortgage debt is about 400K
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Know the best credit cards for bad credit? Looking for the cheapest cash-advance loans? Interested in FOREX trading?
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