Higgenbotham wrote:Reality Check wrote:Greenspan was obviously attacking the man for the purpose of discrediting him, not because Greenspan believed that no one could have predicted the crisis.
The myth that Greenspan and his like want to preserve is that the requisite knowledge only exists within the inner sanctums. We've written about this before somewhere and I'll try to find it.Reality Check wrote:How much money did he lose and over what period of time?
The impression I got from reading the details was that he lost about 50% over a period of 18 months to two years. It's been a few years since I read about it though.
Another thing I'd mention is that he's been buying farmland and gold. He may well be right in the long run, but I saw no indication he sold out at the peak last year.
gerald wrote:However, farmland can be more complex then it appears, and it is not for everyone.
Higgenbotham wrote:gerald wrote:However, farmland can be more complex then it appears, and it is not for everyone.
I'll add the things that come to my mind. Both of my Grandfathers were farmers in the midwest.
The value of farmland is dependent on access to petrochemical inputs (fertilizer, diesel) that may not be accessible or accessible at prices that make the farming operation profitable.
The value of farmland is dependent on population. SInce populations have been expanding for a long time people don't normally consider what effect decreasing populations would have on farmland prices.
The value of farmland is dependent on the maintenance of international trade and shipping.
As mentioned, the value of irrigated farmland is dependent on maintaining irrigation equipment and aquifers that in come cases are depleting - the Ogallala aquifer in Kansas, for example.
The property tax has to be paid or the land will be lost after a few years. If the owner cannot receive enough income to cover the taxes, the land becomes a liability.
Why did the health care system need to be modified?
Higgenbotham wrote:What was wrong with the existing system?
Higgenbotham wrote:Does Obamacare address the supposed deficiencies?
Higgenbotham wrote:Why did the health care bill need to be so complex?
Higgenbotham wrote:What will be the cost to implement it?
Higgenbotham wrote:How much money will it save?
aedens wrote:The Amish case was about insurance. [/i]."
Reality Check wrote:Higgenbotham wrote:Does Obamacare address the supposed deficiencies?
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