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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 (51663)1/27/2006 9:53:00 AM
From: Elroy Jetson  Read Replies (1) | Respond to of 110194
 
Savers are losers when Monetarism kicks into high gear. That's why I sent my savings to Australia and Canada when I sold out of the stock market.

A 70% gain against the U.S. Dollar, including interest, was fairly predictable.

If your real estate has doubled in value, minus the 40% loss in value of the U.S. currency, you achieved a 20% gain over the same number of years - which is little more than bank interest.

This is why inflationists, like Grace Zaccardi are deluding only themselves. They believe chasing their own tail is a profitable activity.

An education in economics would cure that problem, but she has none beyond high school Home Economics.
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