tag:blogger.com,1999:blog-5524682876220396502.post2560034254394375629..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: A response to "Capitalists@Work"Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5524682876220396502.post-75428694934675224672010-08-30T01:50:24.996+01:002010-08-30T01:50:24.996+01:00Sackerson - your analyses remind me of the young m...Sackerson - your analyses remind me of the young man I met in 1980, a time of very high inflation here in the US. He was a drywall finisher, and told me that he hadn't had a raise in 6 years. I commented that he had to be broke, but he told me that he still had cost-of-living adjustments, he just hadn't had a 'raise'. Since then, of course, it has become much worse for the unskilled and semi-skilled, concealed only by easily-accessible credit.<br><br>It isn't hard. Sooner or later, you have to pay the bills. However, the top 1% have siphoned off the necessary capital. We live in interesting times indeed.Paddingtonhttp://www.blogger.com/profile/07952088638231881617noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-23336411764968101492010-08-28T22:32:46.969+01:002010-08-28T22:32:46.969+01:00Nice of you to respond, CU. I don't know, but ...Nice of you to respond, CU. I don't know, but I feel that whether via inflation or deflation, we will in time see a reduction in stockmarket valuations in real terms. What do you think?Sackersonhttp://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-87677443708291009452010-08-28T21:47:01.163+01:002010-08-28T21:47:01.163+01:00it was meant as a slight tease, but only complimen...it was meant as a slight tease, but only complimentary, and of course, there is Bob the bear too who I referred to in one of the linksCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.com