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Another interesting lookback into history is the
1930's. Compare the policies Hoover implemented after the
roaring 20's to what's going to be 'proposed' this week in MA.....
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Pete
Hallock
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Cc: <A title=NQoos@xxxxxxxxxxxxxxx
href="">NQoos@xxxxxxxxxxxxxxx
Sent: Saturday, July 24, 2004 7:36
PM
Subject: Re: [RT]
Ira,
Prices going up? I like to think of it as
our currency continuing to lose value. Legal tender laws are the only
thing saving it.
It's only been a little over thiry years since
Nixon cut the dollar loose to float. Perhaps the grand experiment with
our fiat currency is nearing its end. After all, when one looks back in
history, none have ever endured. Have a great weekend.
Pete Hallock
<A
href="">www.xlibris.com/duped.html
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
mr.ira
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">real traders
Cc: <A title=NQoos@xxxxxxxxxxxxxxx
href="">NQoos@xxxxxxxxxxxxxxx
Sent: Saturday, July 24, 2004 7:14
PM
Subject: [RT]
The housing boom must be near an end.
There was an article in today's paper about people lined up 2 days in
advance, living in their cars, in order to buy homes that start at
$900,000. The average price of homes here is going up about $3000 per
week. Last week the average price was $500,000, today it is
$503,000.
The housing market here is like the stock
market in 1999 and 2000. I don't think the housing market will fall to
the same degree as the stock market did, but a 20% drop will hurt a lot of
people. It will also reflect upon some commodities, housing stocks and
housing related stocks.
Of course there is no inflation. Just ask the government.
Have a good week end. Ira.
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