Re: [silk] Where is the US economy heading?

2007-04-30 Thread Dave Long
http://bullnotbull.com/archive/dow13k-1.html My personal prediction is that it's much easier for currency to inflate than for housing prices to significantly decline. Looking from the outside, much of the climb in the Dow has been a reaction to the decline of the dollar -- just for the

Re: [silk] in the eye of the beholder

2007-04-30 Thread Charles Haynes
Having recently seen a number of Rothko's works up close at personal at the Tate. I now get him, and have to agree. You cannot (I could not) appreciate Rothko from reading about him, seeing his work reproduced in art books, or viewing reproductions of his work. However once I was actually *there*

Re: [silk] in the eye of the beholder

2007-04-30 Thread Srini Ramakrishnan
On 4/24/07, Lawnun [EMAIL PROTECTED] wrote: [...] On a side note, does anyone ever speculate that sometimes the price of these works of art are high both due to the artistic merit of the piece, and the status of the prior owner? When I read the economist piece, it struck me that part of the

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Srini Ramakrishnan
On 4/28/07, Venkat Mangudi [EMAIL PROTECTED] wrote: http://bullnotbull.com/archive/dow13k-1.html This is a description that would fit the current state of the Indian economy rather well. In an inflation ridden India of first time frivolous consumers and debtors, it seems difficult to afford a

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Thaths
On 4/30/07, Srini Ramakrishnan [EMAIL PROTECTED] wrote: Were I to be rash enough to splurge on a house of my own at the present moment, it would cost me a rather large fortune, financed no doubt by usurious debt. Debt which I would possibly find hard to repay if the Indian economy were to hit

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Suresh Ramasubramanian
Thaths [30/04/07 13:17 -0700]: Can someone point me to a couple of examples of instances where the real estate market went belly up? I am more interested in examples where investments lost value over a large period of time rather than short-term losses. I ask because I keep hearing dire warnings

Re: [silk] Where is the US economy heading?

2007-04-30 Thread shiv sastry
On Tuesday 01 May 2007 12:06 am, Srini Ramakrishnan wrote: but one statistic I heard yesterday of 9 out of 10 car buyers taking out a loan to finance their purchase strikes me as about right. Loans for cars make eminent sense for many reasons. A whole lot of people who run businesses (such as

Re: [silk] Where is the US economy heading?

2007-04-30 Thread Kiran Jonnalagadda
I suspect you credit authorities with more responsibility than they actually bear. May I recommend Robert Neuwirth's Shadow Cities? Here's a review: http://www.worldchanging.com/archives/002029.html Here's the author's blog: http://squattercity.blogspot.com/ Here's him giving a talk at TED

Re: [silk] Where is the US economy heading?

2007-04-30 Thread shiv sastry
On Tuesday 01 May 2007 12:06 am, Srini Ramakrishnan wrote: The US maybe headed for a fall, but a similar fall in India will have rather more pronounced and dire consequences. This may be a simplistic assessment. If you drive up towards Yelahanka past Mekhri circle you will see, on your left a