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: Perspective who wrote (168971)	12/4/2008 8:00:52 PM
From: orkrious	Read Replies (4) of 306849

I've got news for folks: if energy can't pick it's carcass up off the mat, it's NOT BULLISH for anything else. Especially finance. Deflationary wipeout, here we come... In theory it's bullish for gold miners, who use a ton of the stuff. In practice, even though gold is about even for the last 12 months, the miners are suffering their own deflationary wipeout, along with my PF. I shopped for new tires the other day. When I bought them for my four year old car four years ago a supposedly good set of Continentals cost me $100 each. I'm guessing thanks to the high cost of oil when they were manufactured they are now up to $150 each. Does anyone think that if I wait until the spring the lower cost of petroleum will have worked its way back into the cost of the tires and they will be significantly less?

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