Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: X Y Zebra who wrote (48355)	10/24/2003 6:54:11 AM
From: zonder	Read Replies (1) of 57110

What do you think will happen when interest rates start moving up? I am not well-versed in the US real-estate market, but wouldn't think most mortgages are fixed-rate. John Tempelton considers that the US Dollar will lose 40 % of its value... where should money be placed in financial assets or in hard assets...? Ideally, into commodities with intrinsic value - like gold. Or other currencies that the USD is expected to depreciate 40% against. I do see what you are saying re this being the line of thought of the layman, and hence the real estate boom. But for how long? And will it crash once anyone who has ever dreamed of having a home has signed a mortgage (we are pretty much there now) and interest rates start rising (next year)? By the way, re Templeton - They (as a house) are horrible at market timing. They were a client of ours when I first started working in financial markets, and I would get frustrated when they just wouldn't sell anything, even when we foretold doom (which subsequently took place). I realized later on that they collected funds faster than they could place them, so they saw little point in ever liquidating an investment :-)

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