Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (60256)	2/10/2005 5:10:13 PM
From: Maurice Winn	Read Replies (1) of 74559

Jay, when shorting houses, one should remember that when houses are measured in shrinking dollars, they appear to get bigger [the Financial Relativity Theory]. Shorting means betting that they will shrink rather than expand = a dodgy bet in an inflationary universe [even when the consumer price index says that there isn't inflation]. But, on the other hand, we are yet to see the effect of interest rate rises, which are necessary to maintain the US$ as a currency with its current international use. You might yet be right, but just a bit soon and before the peak in housing prices is reached. Which is painful. With China and India [and others] providing the lower prices essential to a stable consumer price index, Americans are enjoying as good as a pay increase [and so are Kiwis]. It would be nice to have a currency as stable as a meter or kilogram. No, gold is not stable and a gold-digging culture would be silly. I have another, secret, plan. Mqurice

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