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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (45855)1/26/2009 4:44:57 PM
From: TobagoJack  Respond to of 217812
 
i take issue with 'hyperinflation'

for a country such as zimbabwe to qualify as a hyperinflationist wastrel nation, money supply must rise a gabbilion % per annum, and visible prices of somethings must persistent rise 100% per 24 hours

for a state such as usa to qualify as a wastrel nation, 6% money supply growth, regardless of velocity, and no visible price movement is necessary

simple physics of once underway momentum

for example, any eventual argentina gating of bank deposit may cause a us$ 0.1/oz difference in gold, and any inevitable gating by a usa bank will lead to a us$ 100/oz shift in same gold, and so what can be charaterized as small insignificant rule change in argentina can easily be termed planet-chaanging wastrelism when actioned by team usa.

as to the rest, i find it much more pleasing to talk one's own book rather than attacking someone else's philosophy

because, if one is right, one does not have to, and if wrong, cannot afford to

and also, relative merits also depends on asset under management; larger the book, more difficult to veer away from market average returns.



To: Snowshoe who wrote (45855)1/26/2009 6:34:37 PM
From: RJA_  Respond to of 217812
 
Mish is suggesting Real Estate as an inflation hedge.

In Wiemar, residential real estate was a very bad investment due to rent controls.

See "The Economics of Inflation" Bresciani - Turroni, P 299.