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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Elroy Jetson who wrote (77810)4/17/2008 1:02:31 PM
From: koan  Read Replies (1) of 116555
 
Regarding housing costs:

Elroy, I make most of my money as a Canadian resource stock trader. Been doing it for almost 30 years I now the cost of materials.

Look at copper prices, steel and concrete, or oil prices and the CRB index. It is at a record high.

$115 oil is like a financial tidal wave pushing all commodities up as it moves across the landscape. Most of the world has recent alarmly large moves up in inflation.

Asia is not only running GDP's of 5 to 11%, they are also running inflation figures above 6% for the most part and they have the strongest currencies in the world, whihc means further debasement fo western currenices. Prices for most things worldwide are screaming higher.

Caused, in my opinion, by all countries debasing their currencies and huge amounts of liquidity being created e.g. the yen carry trade, and moving east like a large cloud, where they use it to buy food and sheltor and nonsense buildings, like Dubai-lol.
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