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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (39522)10/12/2003 9:59:59 PM
From: TobagoJack  Respond to of 74559
 
Hello Haim, <<Germany's Schlauch Says Euro Above $1.20 `Danger' to Recovery>>

... I am excited by the current state where all nations seem to believe (a) own currency should fall, or (b) own currency should not rise.

As long as this state continue, currencies will grind against other currencies.

We can wait for collapse of the financial assets that are purchaseable with ever worth-less currencies, relative to hard assets.

Certain real estate, although a hard asset, may fall, where their rental value cannot possibly support carrying cost nor future valuation be founded on affordability relative to income.

Chugs, Jay