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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: Hawkmoon who wrote (49684)2/27/2000 12:49:00 PM
From: Ahda  Read Replies (2) of 116764
 
Richard you are lecturing Allan and he is a teacher i am laughing.
i kind of think you are wrong about inflation i don't think Mr. Greenspan can halt it now he is creating it in property;
You are seeing fewer homes for sale and more people who are going to buy will due to the increase in rates. We are at this point now buyers exceed sellers.

Ideally all will stop now and Asia will continue to assist us product wise . But oil has gone up it in there and not counted. We assume the technology we are creating will build a better world for others this means an increase in their living standard. This translates into a higher price for us to pay which reduces inflationary pressure here. It also translates into more faith in home nations which reduces investment here.
I feel it is going to be very difficult to judge just how much to raise rates.

Later cycle
Big ticket items like houses require qualify for loan and at some point the interest rate is too high at this point property will decrease to adjust

I wonder however because of tax deductions and equity loans exactly what will happen. Due to the rise in property yon could of got an equity loan sold the house now with the equity close to covered. Older people older who own homes can end up with a bigger equity loan than value so i guess the savings and loans lose.
There are to many US dollars floating out there Richard no matter how you look at it.
Have a nice day Ron VBG
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