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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (78318)	3/22/2000 10:59:00 AM
From: Les H	Read Replies (1) \| Respond to of 132070

It's irrelevant to call housing an asset-related expenditure. There are other assets in the CPI. Different assets have different rates of depreciating.

To: BGR who wrote (78318)	3/22/2000 5:47:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 132070

<<almost like saying higher equity prices are evidence of inflation)>> they are. inflation is the increase in the money supply above economic needs. it has been channeled into asset prices, just as in the 1920's and in the 1980's in Japan.

To: BGR who wrote (78318)	3/22/2000 6:52:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

BGR, if real estate prices are increasing and property taxes increase steadily as they always do rents will rise as the landlord has to pass on the rising costs of ownership even if the property is paid for you generally raise rents to fair market value. mike

To: BGR who wrote (78318)	3/22/2000 7:56:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

BGR, " What is the true criterion of a creation of credit which shall be non-inflationary? We have found the answer to lie in the preservation of a balance between the rate of saving and the value of new investment. That is to say, bankers are only entitled to create credit if the net effect of such credit creation is not to raise the value of new investment above the amount of current savings of the public; and, similarly, they will lay themselves open to deflationary actions unless they create enough credit to prevent the value of new investment from falling below the amount of current savings." John Maynard Keynes " A Treatise on Money" ho ho ho mike