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


To: glenn_a who wrote (78094)1/25/2007 1:00:11 AM
From: GraceZ  Read Replies (5) | Respond to of 110194
 
You are only laughing because you are stuck listening to the current set of idiots who don't know any freakin history.

Historically RE rises in price when interest rates fall. This occurred even before there was a Fed to set short term rates or make permanent passes. Smith remarked on the phenomenon in Wealth of Nations a book that was published in 1776.

Adam Smith put it on the tendency for men to want to employ their capital closer to home when ventures far away wouldn't pay a great enough return to justify the risk.