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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (96728)	7/21/2002 5:46:08 PM
From: SOROS	Read Replies (2) \| Respond to of 99280

No inflation? Has anyone priced health insurance lately? Been in a hospital lately? Paid an electric bill lately? Tried to hire someone to do hard manual labor? I remain, SOROS

To: Smart_Money who wrote (96728)	7/21/2002 7:26:19 PM
From: sylvester80	Respond to of 99280

If it is coming, the 15 and 30 year mortgage rates sure don't show it. Lowest have ever been. <gg>

To: Smart_Money who wrote (96728)	7/24/2002 12:14:04 AM
From: Archie Meeties	Read Replies (1) \| Respond to of 99280

If we avoid a little deflation I'd be really surprised. Look at HK -dollar based currency experiencing deflation. oil, food, both been deflating for a couple decades. Labor deflating if you look beyond our shores and how we're able to export labor. A little inflation probably the best thing that could happen to debt holders. Just like dollar weakness is the best thing that can happen to US industry - worst thing for Asian/European exporters who are probably wishing the euro was a bit less desireable as a reserve currency right about now. I wonder if they're going to try to chase the buck here to preserve export revenue, or just take it in the margins. Maybe they'll deflate the euro and send the local economies of Italy, Greece, Spain, and Ireland in an inflationary spin that they can't do jack about since essential the euro serves Germany and they're just along to give it some style and flash. Real estate appreciation is the most natural of all "inflations" since you're talking about a good that can't be replinished, ever - and a growing population which finds it appealing. Saying real estate should keep pace with the inflation of other goods and services is only possible if we can grow more land or somehow make humans smaller and more efficient so they don't need as much land. There's an idea for a new genemics company - Smaller People, Inc. - devoted to creating a world full of smaller, more efficient humans - market it to governments to grow their tax base without taxing natural resources.