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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: SouthFloridaGuy who wrote (75046)2/22/2008 7:42:48 AM
From: Mike Johnston  Read Replies (3) of 116555
 
Can't comment on Iceland, a country with a total population equal to the size of a couple of neighborhoods within Queens or Brooklyn.

If rates where kept here at real +8% for the past 10 years, things would be dramatically different.

There would be no stock market or real estate bubble, a starter house would still cost 100 grand and gas would still be at $1.25. Gold would not rise over 400.

Instead, real rates were kept at 0-2 % for a long time.

What do you think -5% rates will do ?

You will find out.
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