Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (21896)	7/19/1998 10:02:00 PM
From: Bonnie Bear	Read Replies (3) of 94695

bobby: hard to believe the deflation story when the price of groceries at the store have gone up (especially fresh produce), gas prices at the pump are unchanged (still $1.40 here), house prices and rents have increased by 30%, HMO prices have gone up over 10% and utilities went up 4% within the last year. I'd like to think this is localized to Northern California. Since 50-70% of disposable income in CA goes into housing, I think housing prices are the best indication of inflation- and they have been keeping up with the stock market. Curious to note that this is true throughout the globe, house prices went up 50% in Ireland and down 40% in Hong Kong. I don't know anyplace in the U.S. where housing costs match the fed numbers. The only way someone could match the fed numbers is if they don't own a car, rent a room with shared bath, eat at McDonalds and buy a secondhand computer from a garage sale. Maybe this is Joe Average, but this doesn't seem to match the Bill Clinton america. I don't see the market dropping until unemployment goes much higher.

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