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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (44773)	11/4/2005 1:41:02 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Exactly, not exactly expensive condos, but junky "condo conversions", or small houses.

To: ild who wrote (44773)	11/4/2005 2:41:00 PM
From: Ramsey Su	Respond to of 110194

speaking of condos ... mpcondos.com I just did a count. 70% of their inventory is not sold. I am not sure if their "sold" units have all closed escrow or if they are in escrow.

To: ild who wrote (44773)	11/4/2005 3:19:15 PM
From: ild	Read Replies (3) \| Respond to of 110194

Date: Fri Nov 04 2005 13:07 trotsky (guac) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved you get a one week stay of execution - we now expect your unconditional capitulation sometime NEXT week. : ) i don't care what gold does...it's the gold STOCKS that tell us what to expect, and they are resisting this decline in gold. not only that, money flows during the entire correction have been bullish. forget the 'double top' - there's still a technical target in the $490-500 region that is in the market's sights. we'll get there. Date: Fri Nov 04 2005 13:03 trotsky (PoP-eye@inflation and the Fed) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i wanted to commend you for recently posting the Austrian economics 'Robinson Crusoe' lesson of explaining inflation and the Fed's role in its perpetuation. in addition to this, note that inflation ( in the true sense of the word ) has also the unnoticed effect of misdirecting resources toward economic activities that do not generate true wealth. among such activities is e.g. the housing bubble ( selling houses back and forth to each other at ever increasing prices is NOT wealth creation ) , which continues to send wrong signals to producers and consumers alike. at some point all of the malinvestments this bubble has fostered will come home to roost, either because the central bank tries to belatedly slam the brakes on the previous credit inflation or because the system goes completeley off the rails after a crack-up boom. Steven Saville has pointed out ( as i have done previously ) that an excellent example of monetary inflation misdirecting resources is the millions of miles of fibre-optic cable that were laid during the telecom boom. 98% of this fibre-optic capacity remains unlit to this day. enormous amounts of resources were squandered on this white elephant, and the Fed is ultimately the root cause it can be traced back to. Date: Fri Nov 04 2005 12:40 trotsky (BoS, 11:20) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i don't think the riots have anything to do with religion, and i suspect you're well aware of that yourself. still, i would agree that Islam is intolerant and calling it a 'religion of peace' is a bit laughable. the same holds true for most other religions ( Buddhism may be an exception ) . the only reason why we're not as aware of e.g. Christianity's bloodthirstiness is the fact that it hold less political sway than Islam does in the countries where it is the major religion. do you doubt for even a moment that if e.g. Jerry Falwell and Pat Robertson were our political masters that we would see 'sexual deviants', 'blasphemers' of all stripes ( including scientists claiming the earth is older than 6,000 years ) and other people that don't conform to their worldview tortured and executed? we'd be back in the middle ages in a nanosecond, and not one of them would 'turn the other cheek' or profess love for their enemies as advised by Jesus. in short, pointing the finger at one religion and not at another is hypocritical. they're all intolerant, and held back merely by the fact that they have thankfully lost much political power over the past few 100 years.