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

To: CalculatedRisk who wrote (34546)	7/29/2005 8:43:54 PM
From: Tommaso	Read Replies (2) \| Respond to of 116555

>>>And in real terms (adjusted for inflation) we have seen price decline in the last 50 years too!<<< I disagree about that. The house I live in could have been bought in 1965 for about $20,000. Recent tax assessment valued it at $320,000. The general price level has gone up about five times in that period, but that's a 16-fold increase.

To: CalculatedRisk who wrote (34546)	7/30/2005 9:49:19 AM
From: philv	Respond to of 116555

Maybe Bernanke knows something we don't. He has a unique view of things, zooming around in his helicopter. Maybe he knows the FED will reverse their tightening stance on a dime at the first sign of trouble. The sum of all these recent small steady quarter point increments in interest rates now gives the FED some latitude, and a pause or small reduction would have a profound psychological effect. There is a long way to go to get to zero percent now. Spend and borrow and hope for a miracle. How can there be an end when hope springs eternal?