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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Mike Johnston who wrote (80070)6/25/2007 11:59:58 AM
From: John VosillaRead Replies (3) | Respond to of 306849
 
'When we take 1999 as a starting point, in real terms, the Dow is at 6500 right now, since the dollar has lost at least 50% of its value in that time.

As far as interest rates, it doesn't matter. Bondholders will be wiped out sooner or later, even if somehow bond yields drop to 3%.'

First part I agree with. However if the fed tries to protect the dollar at these levels and needs to raise interest rates and (or) Chinese redeploy capital away from US T bonds in a booming economy that can't be good for the DOW.