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

To: SouthFloridaGuy who wrote (21540)	1/18/2005 2:09:48 PM
From: GraceZ	Respond to of 116555

I'm not trying to beat you up on past claims. It was HMY, btw and you would have been dead right if you didn't allow me the option of picking a long time frame. I think the natural order of things is deflation. It makes sense that things get cheaper in the future, not more expensive since technology advances provide supply ahead of demand in most things. Unfortunately we have a government and a populace which doesn't accept that eventuality after the Great Depression so they err on the side of inflation. I don't know if they'll be successful. So far it looks like a tie. I was way off on real estate by what looks like 2 1/2 years now (2 years for U.K.). I agreed with you in principle, so I was wrong as well. I own lots of real estate so I benefited anyway from the RE boom in spite of the fact that I thought it was bound to crash. The reason for this is that I don't think I can predict what will happen, so I prepare for either possibility. I sure didn't feel good buying stocks in March and Oct 02 or August 04, but I've learned to ignore myself.