The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (100303)	1/15/2008 2:26:57 PM
From: Cal Amari	Read Replies (2) of 306849

I, for one, think that debasing the dollar into oblivion (post-WWI Germany anyone?) by lowering interest rates further is a LOT worse than padding bank earnings and making Wall Street happy. Investors put their money where it is treated best. By cutting interest rates to the bone, foreign investors have no incentive to keep buying T-bills and U.S. stocks, since any modest gains are wiped out upon reconversion to other currencies due to dollar devaluation. Alas, debasing currency is always the easiest path for a government in distress. Too bad it always results in disaster.

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