M3 nosediving, but prices increasing, Why? - James Turk

[Diarmuid]

Re: M3 nosediving, but prices increasing, Why? - James Turk

Sure, it's a factor but keep in mind that the planet is pretty well globalized so any money taken out of the US just stays part of global money supply. Plus, the IRS has their fingers in the pie these days for 10(?) years after one expatriates.

There are also folk that emigrate in every day too, but even more than that, the US is quite the tax haven for much of the rest of the world - the laws are quite different for non-residents. Also, many foreigners do actually invest in various assets in the US currently, even real estate. TIC flows show the raw data and the US isn't an awful place to invest, especially with dollar hedging and it still is the #1 flight currency.

Then there's the missing data from Bonner & Zogby of how much of their total money do those expats move completely out of the country, and the hedging element in your quote "of deciding to go offshore" - how many actually go through with it being my point. Lots of folk I know have talked about it but only one has moved.

Its easy to hedge dollar exposure, not so easy or inexpensive to put together trusts etc. to cover one's posterior, and move an entire family to a country with perhaps a very different culture, let alone language, etc.

Don't get me wrong, the dollar is in a long term decline just like every fiat currency, but expats are a very small monetary factor in my opinion... and Bonner is in the business of selling a newsletter, etc. too.

Welcome back Bart - nice to see / read you again, hope you are well rested from your vacation.

[aaron]

Re: M3 nosediving, but prices increasing, Why? - James Turk

Is this really happening?

For what it is worth:

Guy at my work (40 years old) was practicing Spanish on the computer. "Whatcha doin'?", I ask.

He is learning Spanish so he can move down to panama or something "where he can live like a king surrounded by hot chicks". I did not think he was serious and pressed him on it. He convinced me that he was. He is tired of all the bullshit.

I have been seriously considering moving to Canada myself. However, now does not seem to be a good time. My family is happy where we are, and I am employed at a reasonably non-FIRE, non-evil company.

[bart]

Re: M3 nosediving, but prices increasing, Why? - James Turk

Welcome back Bart - nice to see / read you again, hope you are well rested from your vacation.

Thanks Diarmuid.

Would that vacations were ever as relaxing as we all wish, and then there's the perversity of life in trying to fill those open times with unexpected tasks - in spite of one's best efforts. ;)