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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: steve susko who wrote (51622)	5/17/2002 3:09:54 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

falling dollar contributes to lower real estate prices indirectly because falling dollar leads to higher interest rates if also it brings tougher economy, then job situation affected if very gradual falling dollar, then good for exporter competitiveness but currencies dont move slowly their quick movement usually leads to disappearing investment capital much much faster than the benefits of improved competitive pricing I think shorterm falling dollar hurts interest rates, hurts jobs longer term falling dollar hurts interest rates, helps jobs I dont think any of this is beneficial to real estate but real estate is very sturdy to move prices down, rates would have to rise more than a tad and job security would have to change more than a little the shorterm picture is eroding for our indebted currency the major stock indexes track the USdollar today almost exactly quotes.ino.com / jim

To: steve susko who wrote (51622)	5/17/2002 4:49:12 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

for perspective on real estate, check this list of articles all by Clif Droke, who seems to have a solid track record 321gold.com in particular check articles on Feb13 and Feb16 so many people have questioned my preference for gold and for writers who have a predilection toward gold the answer is simple our debt-based economy is being challenged to the core now unlike at any time since 1929 I believe the problem is with our currency, mgmt of money supply, and uncontrolled govt spending, not to mention uncontrolled household spending just like so many other fundamentalist movements, there is an embryonic monetary fundamentalist movement afoot and its central covenant is with gold (NOT DEBT) by focusing on fundamentals, the solutions seem clear but the path toward those solutions seem almost impossible we are deeply committed to our debts and tendency to react to each and every problem with more debt this decade will be all about resolution of debts as our economy approaches the Kondratieff winter I believe within this decade that 20% of households will declare bankruptcy / jim