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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (19423)	5/21/2003 2:19:40 PM
From: TigerPaw	Read Replies (2) \| Respond to of 89467

Locally, the housing market is teetering on destruction. Number of Austin-area houses for sale climbs but demand doesn't statesman.com With almost 9,800 houses on the market in April and sales down 8 percent compared with a year ago, buyers now hold almost all the cards in Central Texas -- a dramatic shift from just three years ago. .... Because record low interest rates -- the 30-year fixed-rate mortgages averaged 5.45 percent last week -- allow home buyers to take on larger mortgages, prices have not fallen dramatically. Half the houses sold in April went for more than $157,700, only a 1 percent drop from a year ago.

To: RealMuLan who wrote (19423)	5/21/2003 5:06:27 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

the declining dollar gaurantees the world wide recession Asia is now complaining about falling value of bank reserves 75% of bank reserves across the globe have enjoyed the utter insanity of replacing gold so we will have multitudes of economic margin calls dictated by insufficient bank reserves to justify portfolios Europe is giving a clear indication of what happens to an economy whose currency is the beneficiary of the flight from the deteriorating dollar no nation will want to see it happen to them as long as ECB keeps rates up, they will see rising currency eventually, all currencies will fight against the dollar and all will lose simultaneously, WITH GOLD WINNING THIS GAME the big surprise will be the rise of the Jap yen take hope and stick it where the sun dont shine no place for it in investing I dont hope anymore I just expect to gain when these forecasts happen and so far, one by one, they are almost all happening the major miss has been the quick fall of Baghdad big deal, I knew it would fall I also thought that snipers would be more prevalent give it time / jim