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To: Elroy Jetson who wrote (77882)	4/17/2008 7:43:33 PM
From: koan	Read Replies (3) \| Respond to of 116555

Elroy: "When the inflation rate rises, so do interest rates with a slight lag in time. Current high PPI inflation levels will likely lead to high inflation rates - and if it does this will produce very high interest rates, and even lower home prices. You're imagining a future fantasy world which will experience both high inflation rates coupled with low interest rates. This will never ever happen. You're comparing apples with hand grenades and coming up with happy sauce. . koan: I posted exactly what you just said. That inflation will soon cause interest rates to rise and could push a recession into a depressions. No one seems to understand exactly why interest rates continue to stay low as long as they have. I was considering past tense and future tense. You compared the late 70's to today. As things stand at this very moment in time, 30 year fixed rate interest rates are around 6%. Very low. I do not expect this rate to hold with the fed cutting the fed funds rate, but it is here now! And in the late 70's it was over 12%. Big difference in the present tense-lol. The only thing I have ever been saying is that inflation will be a force to push all prices in the US up higher than they would be otherwise. Including housing.

To: Elroy Jetson who wrote (77882)	4/17/2008 8:48:20 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 116555

Elroy, I totally agree w/you. It never ceases to amaze me how people can think the bond market to be so stupid for so long. People here don't know how many billions have been lost by macro hedge funds attempting to short bonds between 2003-2007 based on the same, faulty, conventional logic spewed on bubblevision. The Fed would love to have a real inflation...the market won't let it...

To: Elroy Jetson who wrote (77882)	4/18/2008 1:11:39 AM
From: elmatador	Read Replies (1) \| Respond to of 116555

US Exports Still Breaking Records 55% increase over export totals from February 2007. The future of the US is very bright if it turns into exporter juggernaut! US Exports Still Breaking Records US - Pork exports from the US in February reached 346 million pounds, or 156,969 metric tons that's a 55 per cent increase over export totals from February 2007, says the Pork Check-off and excellent news for an industry where crisis is looming. According to US Meat Export Federation (USMEF ) statistics, the results for February have helped the US pork industry achieve its fifth consecutive month of record-breaking exports. For January and February 2008, pork and pork variety meat exports were up 41 percent, totaling 671.6 million pounds, or 304,651 metric tons, valued at $685 million. Export Reliance "Producers will continue to rely on exports in these challenging times," said Tim Bierman, a pork producer from Larrabee, Iowa, and a member of both the National Pork Board and the Pork Checkoff Trade Committee. "One in every five pigs, about 20 percent, produced in the US was exported during these two months." On a volume basis China/Hong Kong was the largest market for US Pork and pork variety meats for January and February 2008 with 164.7 million pounds or 74,745 metric tons. That is a 287 percent increase over the same time period in 2007. However, Japan remains No. 1 on a value basis at $210.9 million, or 31 percent of total pork and pork variety meat export value. "Pork production is running 12 percent over last year, making it impossible to raise prices to cover the ever-increasing costs of production," said Erin Daley, USMEF manager of research and analysis. "Without pork exports, at these production rates the US market would have to absorb the equivalent of an additional 60,000 hogs per day, which would drive prices down significantly."