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To: Little Joe who wrote (3379)9/19/2002 6:16:22 PM
From: IngotWeTrust  Respond to of 4051
 
LJ, if you are leaning toward serious inflation, then you will observe the REAL ESTATE asset class bubble burst with mucho gusto.

The only way inflation is curbed is through raising of interest rates. That is not exactly the horse Alan Greenspan wants to ride out on this coming Dec....i.e.,
1) on the heels of the largest stockmarket bubble in the history of the western world,
2) the biggest recession we've seen in years,
3) rampant deflation---the print schedules at the Bureau of engraving leave NO room for more photocopying...
4) rising gold prices which occur in deflationary times,AND
5) horrid employment rate on the come...
PLUSSSS
6) leaving the stockmarket mess worse than he found it due to Glass Stegall repeal which he lobbied for, etc., etc., etc.

Then add the Real Estate Class bubblegum as icing flavor du jour on the proverbial cake and ......
nope, no retirement by December this year for that old balding dude.

g_t



To: Little Joe who wrote (3379)9/19/2002 10:07:18 PM
From: Real Man  Respond to of 4051
 
My view on trade deficit is that it's a product of globalization - American corporations and American capital working abroad takes profits home. Then they export the products made abroad for home use. Globalization. Maybe that's the route to the dollar puzzle. Or maybe it's just the credit bubble, and the dollar will have to fall a lot before it's over.