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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (40303)	11/1/2003 3:47:21 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70980

Hi Tim, I am just trying to catch up now on some of the news now. I went off on vacation and came back to find out my landlord had sold my apartment, so now I need to find a new place to live. I also need to decide whether I want to buy or not. I almost bought a few years back, but found I was never around much. Being single I don't need a house and condos never appreciate that quickly in the local real estate market. Locally the real estate market is incredibly hot for houses. The number of new condo project is also just incredible. I never paid too much attention to the real estate market till this week. I can see what they mean by asset inflation in real estate. The low interest rates are driving people to pay incredibly inflated price for condos and houses. I can imagine a lot of people are taking equity out of their houses or using the extra cash freed up from the low interest rates to drive the consumer market. The hang over from this in a few years time is going to make Reganomics look a walk in the park. I heard an interview during the week. American spent 82 cents of every dollar they got in the most recent tax cut. That is an incredible amount of liquidity. No wonder the GDP grew over 7 percent last Q. What the government does for an encore I don't know. On the plus side that 50 percent write off on capital expenses look to spur capital spending next year if the current positive bias continues.