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

To: westpacific who wrote (85912)	9/5/2007 10:33:35 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 110194

all your assumptions are true if there would be no intervention from the governments and paper money will be backed by something tangible like in the past. Way back I tried to ask on this board what is today true money - my conclusion is that one of the things that come close to true money is farmland with water access. Average US Prices of farmland grew 13% from last year to around $2,700 per acre same farm land was $1,340 in year 1998 (Source USDA). Compare this to the S&P 500 - what it tells you? - is the fact that money is depreciating and hard assets are rising. Stocks are similar to paper money and therefore they will rise in tandem with printing money. Any level on the DOW or S&P are meaningless IMHO as they reflect expectations not real value.