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

To: John Vosilla who wrote (48047)	12/23/2005 12:45:35 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

no housing bubble anywhere in this country, that gold continues to power higher because these are the best of times and all that debt being accumulated is because we are a nation of savers a lot of things in economics seem like Rorschach tests. i mean, after all these years nobody can say definitively what caused, e.g., the 1987 crash, or the 1929 crash, or the gold rise, or the gold fall. you will find competing theories among historians, maybe some agreement on certain proximate causes but disagreement regarding the extent of their significance. and these are for completed events. hindsight should be 20/20, but the causes remain inkblots even when the results are clear. so it is no wonder that people argue about their interpretations of purported causes of events which haven't yet happened. and ridicule each other's interpretation of these inkblots. i am agnostic about gold now--it could go to $1000, or $300, and people would find a way to rationalize either move.

To: John Vosilla who wrote (48047)	12/23/2005 11:40:58 AM
From: FiveFour	Read Replies (1) \| Respond to of 110194

New-Home Sales Drop 11.3% As Mortgage Rates Increase By JEFF BATER DOW JONES NEWSWIRES December 23, 2005 11:35 a.m. WASHINGTON -- New-home sales posted the biggest fall in nearly 12 years last month, while a strong surge in the volatile aircraft sector boosted demand for expensive manufactured goods. Amid mounting interest rates, sales of single-family homes decreased 11.3% to a seasonally adjusted annual rate of 1.245 million, the Commerce Department said Friday. The plunge was the deepest since sales fell 23.8% in January 1994. Wall Street expected an 8.7% slide. "The sharp drop in new home sales may be the first sign that the housing market is finally hitting a wall even if the level is still decent," said Joel Naroff, president of Naroff Economic Advisors Inc. in Holland, Pa... online.wsj.com