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Strategies & Market Trends : US Inflation and What To Do About It -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (85)5/15/2010 8:58:58 PM
From: SirWalterRalegh  Respond to of 1504
 
<<I'm thinking about buying a beach condo ....>>

Better consult with eGore first. You know rising sea levels and all...



To: RetiredNow who wrote (85)6/11/2010 3:53:14 PM
From: John Vosilla  Read Replies (1) | Respond to of 1504
 
We are probably looking at long term cycle of upwardly trending interest rates like the 1970's which is bad for financial assets over time. This cycle hasn't even started yet given where rates are now. The key is timing. Could be next year or this disinflationary cycle could go on for a decade or more here in the states especially with the problems with the Euro. I would imagine copper, home prices appreciating and long term rates will give us clues. I don't even trust gold anymore as it seems to be the speculative asset of choice fore the perma bears.

I wouldn't mess with those short sales as the banks are playing games with buyers on those deals in prime areas. Now REO's in poor condition are a different story and you got a shot. Better to deal direct with a motivated owner or buy at government auction.