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To: reaper who wrote (200993)	10/29/2002 9:44:45 PM
From: JRI	Read Replies (1) \| Respond to of 436258

Yes, incomes can rise 2-3% p.a., and housing prices can over 10-15% forever...and consumer spending can keep on going up and up, and education/health care prices can also go up faster than income appreciation and, and... It all makes sense....(what, quite frankly, is stunning...is the "there is no inflation argument"...anyone who is breathing know this isn't so....saw the other day Business Week priced at $4.95! We are in some freakin' inflationary/deflationary thing...and I am still trying to figure out what it means, but it seems mostly in the world of my world....I don't see where deflation benefits me, yet my kids diapers, cereal, my magazines, taxes, health insurance, kid's future college education...lots in stuff in my life going up.. Oh yeah, PC prices staying flat, but you get more crap...woohoo....

To: reaper who wrote (200993)	10/29/2002 9:55:42 PM
From: Win-Lose-Draw	Respond to of 436258

median income $60k, median refi cashout $30k yeah, that's sustainable...

To: reaper who wrote (200993)	10/29/2002 9:55:56 PM
From: mishedlo	Respond to of 436258

median US family income is +/- $60k. median cash out refi this year is $30k. who needs a farking job?? Cheers Good Lord there's the answer. If everyone owned two houses they could pull out 60K a year. This could go on perpetually. Think of what would happen if everyone bought a second house. That would jump start the economy for sure. See, that's exactly the problem. People do not have enough houses! Then all we need is the average house to go up 30K a year. People could pull out 60K a year and rent one of the houses for extra income to boot. That's the real problem in this country, we have a housing shortage. They just can't build them fast enough for everyone to have two. M

To: reaper who wrote (200993)	10/29/2002 10:05:09 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

It seems the spec money is now chasing Chinese dot coms. The other portals like SINA and NTES have similiar charts. stockcharts.com