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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (363)	9/26/2007 7:33:03 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 621

The NZ$ plunge was from world record high against US$ and yen, down to very high, and now creeping back up again. With US$ at half price against NZ$, I can't see that that trend will continue. It's not as though NZ has anything going for it. Productive people are fleeing in droves to Australia, USA, UK, Japan, Hong Kong, Canada, and other places. Cows are profitable due to huge milk price increases. But there isn't much that's innovative and valuable going on here. It's a bolt hole for some wealthy people from other countries, which helps [if they don't turn out to have tricked their way in and start wielding weapons - which happens frequently enough to be a trend]. Mqurice

To: JF Quinnelly who wrote (363)	11/3/2007 7:25:15 PM
From: Ilaine	Respond to of 621

Dollar falling, foreigners coming in to snap up US bargains, which isn't a bad thing. nytimes.com

To: JF Quinnelly who wrote (363)	11/3/2007 8:01:27 PM
From: Ilaine	Read Replies (1) \| Respond to of 621

"The drop in home values could cost the typical homeowner as much as $200,000 in lost wealth, for a total hit of $2.6 trillion statewide." marketwatch.com This drives me crazy. The wealth didn't get "lost", like losing your wallet. Was it ever there in the first place? If you paid $600K for a house that you cannot sell for more than $400K, you lost money. If you paid $200K, the FMV went to $600K and then to $400K, you didn't lose any money.