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Gold/Mining/Energy : Gold Price Monitor
GDXJ 118.97-0.9%Dec 24 4:00 PM EST

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To: Bobby Yellin who wrote (2683)10/31/1997 8:43:00 AM
From: Dwight Taylor  Read Replies (1) of 116823
 
Bobby--

In nine years of owning a construcion business an unusual thing has occured. In 1988 I hired carpenters at $20/hr. That was the going rate . Today, I hire the same quality for $14/hr. Jobs, jobs, jobs. Sure, there are plenty out there but they don't pay. IMHO--deflation.

In 1988 the S&L where I bank offered 14% mortgage money. Today it is 6 1/2% and mortgage brokers are all over the place. There is plenty of supply. And it is going lower....deflation.

Check out MISC, Market Trends and Strategies, Flight to Safety. Help us find ways to make money on the downside.

Ben

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