Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: LLCF who wrote (189510)	8/27/2002 6:54:15 AM
From: Oblomov	Read Replies (2) of 436258

>>>All the raw materials and manufactured goods are imported. LOL, you should come to Indiana sometime, DAK. I'll show you corn and beans until you get sick. Then we can go look at the largest limestone quarry in the world. After that we can drive over to one of the largest coalmines in the world. I agree that home prices could tumble, since they are further up on the "value chain". But, raw materials and other goods (especially imported goods) are purchased via a system of credits. If the credit system collapses, and cash is king, then prices of raw as well as finished goods will have to fall. If the dollar collapses (as I asked a while back, against what? the dollar falling 20% against the Euro/Yen is hardly a "collapse" in historical context. In any case, neither of those currencies are managed with the probity of the pre-WWI GBP... aren't we just comparing degrees of badness here? Those currencies are wildly printed as well, though perhaps not with the alacrity with which the Fed prints), then commodities will not remain stable in price. And certainly not all would explode in price.

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