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

To: GST who wrote (71232)	10/6/2006 4:41:55 PM
From: Jack of All Trades	Read Replies (2) \| Respond to of 110194

Maybe, but I think we have some deflation in asset prices coming our way before we can have any discernable inflation. So far in the last 6mths: -My gas for my commute is now some 30% cheaper. -The houses that I am looking to upgrade to have fallen >30%. -I am seeing house prices per sqft come back to 1999/2000 levels and they are still not selling. -RE taxes are not falling, that will hurt housing sales on the mid-higher end. -Auto prices are cheaper, I will can buy my wife the same model mini van we bought in 2002 for about 3K less. -Lumber prices have fallen, especially plywood. -Contractors are definitely dropping prices due to over capacity. A friend of mine is in the sheetrock biz, he said he knows 5 sheetrock companies that have folded in the last 6mths in Manchester, NH area because they couldn't make it. His price for hanging/mud/tape per sheet is 25% less, and he stills gives a discount ontop to get the job. Things are going to get even cheaper before they get more expensive in the next couple years. It has to do with supply and demand more then anything else. JMO