Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TobagoJack who wrote (60256)	2/10/2005 10:12:31 AM
From: A Horse With No Name	Respond to of 74559

thanks jay. to tell you the truth i jumped the gun on selling the dollar. fingers crossed but wishing you the best.

To: TobagoJack who wrote (60256)	2/10/2005 5:10:13 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, when shorting houses, one should remember that when houses are measured in shrinking dollars, they appear to get bigger [the Financial Relativity Theory]. Shorting means betting that they will shrink rather than expand = a dodgy bet in an inflationary universe [even when the consumer price index says that there isn't inflation]. But, on the other hand, we are yet to see the effect of interest rate rises, which are necessary to maintain the US$ as a currency with its current international use. You might yet be right, but just a bit soon and before the peak in housing prices is reached. Which is painful. With China and India [and others] providing the lower prices essential to a stable consumer price index, Americans are enjoying as good as a pay increase [and so are Kiwis]. It would be nice to have a currency as stable as a meter or kilogram. No, gold is not stable and a gold-digging culture would be silly. I have another, secret, plan. Mqurice