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

To: mishedlo who wrote (3490)	4/3/2004 9:04:26 AM
From: redfish	Respond to of 116555

Lol, that's one of the most remarkable things I have ever read. All you have to do is take out a mortgage, buy a typical home and you can enjoy capital appreciate of $8,000 a month ... why don't they all just quit their jobs and live off the $96,000 a year? Yeah, it's a great time to buy, provided that you aren't concerned with ever selling the house. During the S&L debacle, my parents in south Florida bought the neighbor's 1930's house on a double-sized lot for $50k (the neighbors had taken out an $80k loan on it then skipped town). Had the wood-frame-and-stucco house demolished and planted oranges, avocados and mangos. Today similar houses in the same neighborhood are going for $200,000 (slap on some fresh stucco and paint, don't worry about the rotted wood frame). So what was a tear-down back then is now the subject of bidding wars.

To: mishedlo who wrote (3490)	4/3/2004 9:16:08 AM
From: orkrious	Respond to of 116555

I am not a Mauldin fan but I think this is the best he's ever put out. It's probably because most of it is a discussion about someone else's book rather than his own verbose thoughts <g> frontlinethoughts.com

To: mishedlo who wrote (3490)	4/3/2004 10:01:12 PM
From: yard_man	Read Replies (1) \| Respond to of 116555

I liked his parting word there: >>Come the day that the marketplace questions the ongoing viability of either of its supporting mechanisms – massive central bank dollar interventions or the ballooning derivatives hedging scheme – the stability of the system is in immediate jeopardy. Today’s camouflaged “fixed” global currency system could lurch toward a true floating dollar, entailing disruption unlike anything experienced since the early seventies. What is it that the metals are trying to tell us, anyway?<< The metals are starting to tell us that it's ALL confetti -- promises, built on other hollow promises. WTF do these people in Ca think when they are taking on mortgages of 1/2 M or 1 M?? I know what I'd be thinking -- I want a job somewhere else ...unless I can bring in 250-350k/yr. Better to rent there at any rate -- how in the world do these folks think they are gonna come out whole?? Monday will be very interesting for bonds -- what do you think -- a little more panic??