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To: Lizzie Tudor who wrote (40203)	5/11/1999 8:46:00 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 86076

But Michelle- You have to adjust your point of view. Easy Al is going to make everyone millionaires. You won't be able to buy a decent car for less than a half-million though. <ng> Perhaps i am stretching it a bit, but remember that the price of almost everything went up by 10X in the 70's. Most trends start on the coasts and work their way inland. Inflation in real estate is already rampant on the coasts. Land is one thing that we cannot make more of. They can print stock and money all day long, but they can't manufacture land. There will be fluctuations- but the trend is going to be up. Rising interest rates did not cause real estate to crash in the 70's. It caused people to buy hastily in fear- fear of having to pay an even higher rate later. That is human nature, and it hasn't changed. You have to get to the root definition of inflation. Inflation is an increasing amount of money chasing a limited amount of goods. Easy Al and the pols have no choice but to print. They have to service the national debt and feed the ever increasing senior populace. The only politically acceptable way to do it is by printing money. Thus you have part one of the formula virtually guaranteed. Part two(limited goods) is fundamental. Natural and human resources are the only things that are truly limited. That is why I like gold, oil, and real estate. The powers that be have managed to manipulate the gold market, and kept the price down because they have large reserves. They cannot keep all the resources down however. If they start selling land- then move to oil. If they start selling oil- move to steel. and so on. We have to stay a step ahead to get ahead. <g>