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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (67868)8/10/2006 10:32:34 AM
From: SouthFloridaGuy  Read Replies (1) of 110194
 
Gee, take away the house and compare the price of land to 80 years ago. Are you claiming that hasn't risen?

Then you go on and talk about corn and wheat without even talking about the fact that productivity gains in growing (genetics) have had a major impact on prices.

With regard to everything else, you can thank the Reaganites for the deregulation and freeing up of the American economy. Been shopping in France lately, I have...or I should say, I looked, didn't buy.

Point is that costs of goods has risen slowly and the cost of services is rising faster. The former is more productivity and free-market driven than the latter, which in fact is seeing slower productivity and tight labor markets.
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