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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (70498)	10/26/2007 12:24:23 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Are you proposing buying houses in preparation? The dollar has been collapsing. So has housing. Can you name any hyperinflation in history (save perhaps a war zone) where housing prices collapsed? I can't. Mish

To: Claude Cormier who wrote (70498)	10/29/2007 1:51:22 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 116555

No because foreigners who hold US equities need to have their head examined. They would dump the stocks as well as the currency. You assert that stocks are real assets, they aren't any better than paper in fact can crash worse than paper. I'm curious how you think that shares are assets different from money? Its perceived value that give stocks their price, nothing more. Remember that many stocks (except resources mostly) trade at many multiples of earnings. Who determines that this is the proper and prudent thing to do? When the psychology changes then the pe/ratio will drop like a stone as the dollar is starting to do. You really need to read more Jim Willie imo >G<