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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (905)	2/29/2004 11:37:26 PM
From: mishedlo	Respond to of 116555

Housing peak in NZ The average NZ house price surged by 21.9% in 2003 (4.9% in the December quarter). The range in annual price increases remains huge: from Waitaki +65% p.a. to South Waikato +1%. Population, income, interest rates and new building trends suggest a near-term housing peak. www1.asbbank.co.nz

To: Chispas who wrote (905)	3/1/2004 1:45:09 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Hussman Basic Accounting and Hard Truth hussmanfunds.com Rather than improving private and government saving in a way that would allow us to run a current account surplus and accumulate foreign securities (i.e. claims on future foreign production), we are running the deepest current account deficit in history. In effect, we are promising future U.S. production not only to our own citizens, but to foreign countries as well. This is one of the most profound economic mistakes that America could make.