So you believe that current overall price trends are up and were up before the current housing woes. But do you agree with my broad view of current and past more specific price trends in the US?
"Before: low energy prices, low commodity prices, low food prices, low priced junk from China, rising dollar, rising stock market, rising house prices, flat to rising salaries. In other words for most people lower living costs, rising asset values, and flat to rising incomes.
Now: high energy prices, high commodity prices, rising food prices, rising prices of junk from China, falling dollar, flat (soon to be?) falling stock marker, falling house prices, falling salaries. In other words for most people higher living costs, falling asset values (some completely destroyed), and falling incomes." |
