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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: unrealistic_thoughts who wrote (34605)6/29/2005 11:37:31 AM
From: Wyätt GwyönRead Replies (2) of 306849
 
Gary Shilling has some very confused ideas. e.g., he thinks the USD cannot fall (he believed that even before it fell, and the whole way down) because capital is attracted here for "high productivity". but in fact capital comes to the US not for high productivity, but to prop up USD. this is evident from the fact that foreign direct investment (FDI) is faltering and declining, but purchases of paper assets (USTs and Agencys) has skyrocketed.
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