Mark wrote: > Didja hear? There's a real-estate and equities boom going on. > Read all about it in a book that just came out on December 1: > http://www.amazon.com/exec/obidos/ASIN/1893958701/geneexpressio-20 > And check out the companion titles under > Frequently Bought Together and > Customer Who Bought This Item Also Bought: > One book ups the bid with the title "Dow 40,000". >
I had a good hard laugh when "Dow 40,000" came out. But remember one thing: The Dow is indexed to inflation. If the US Treasury ends up monetizing (= printing money) to finance massive counter-cyclical spending and other countries stop buying our paper, then people will not be worried about deflation (which is inevitable for housing and stock values in any case, and frankly quite welcome as far as I am concerned) but rather hyperinflation. And if that happens, the Dow could well reach 1,000,000. Though no one will be writing gleeful books about it. John M. --~--~---------~--~----~------------~-------~--~----~ Persons posting messages to not_honyaku assume all responsibility for their messages. The list owner does not review messages, and accepts no responsibility for the content of messages posted. -~----------~----~----~----~------~----~------~--~---
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