To: SirLinksalot
If housing has gone up 25%, and isn't coming back down, does that not imply a stealth devaluation of the dollar?
8 posted on
10/31/2005 11:41:21 AM PST by
marron
To: marron
How is that possible?! We don't have inflation![/sarcasm]
10 posted on
10/31/2005 11:50:12 AM PST by
Atlas Sneezed
(Your FRiendly FReeper Patent Attorney)
To: marron
If housing has gone up 25%, and isn't coming back down, does that not imply a stealth devaluation of the dollar? It's not stealth. However the devaluation of the dollar (by the Fed keeping rates too low) came first. The housing bubble and higher commodity prices are the result of that. Perhaps Bernanke was showing that he can shovel manure just as well as Greenspan. He got the job didn't he?
11 posted on
10/31/2005 11:50:37 AM PST by
Moonman62
(Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
To: marron
For most americans now, debt is "wealth".
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