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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: TobagoJack who wrote (67250)8/8/2007 12:02:50 AM
From: 8bits  Read Replies (2) of 116555
 
'Wang', the Tennessee good old boy, who just sent me the following article, thinks a possible play is to buy up Detroit homes at 0.01 on the depreciating dollar, plow them under and turn the residential land back into farm zone, which of course would devalue orange groves and such all over, but is a solution of sort.

I am assuming he's joking... reverting even half of Detroit (very unlikely in our lifetimes..) to farmland would add very little to the nation's acreage. The cost of clearing concrete, asphalt, steel, etc to grow wheat or corn is not really economical.
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