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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (119963)5/1/2008 2:32:45 PM
From: PerspectiveRead Replies (5) of 306849
 
I'm becoming so angry about all this mess, and I know it's futile and unhealthy but I can't help it. We're all paying through the nose in order to rescue Wall Street billionaires. Meanwhile, I can't save for my future because interest rates are well below inflation. The only ones making money in this environment are the short-term players willing to gamble on Wall Street on the Greater Fool theory. If you're unwilling to overpay for a questionable corporate earnings stream, then there is no savings vehicle. Soaring inflation has even meant that prices of traditional stores of value such as gold now are jacked so high that they have stomach-churning risk and volatility.

I don't like rapid movements in asset prices, period. It makes it virtually impossible to save and plan for the future. I guess the only way to deal with it is massive diversification, so that all the noise is smoothed out.

`BC
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