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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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<blockquote data-quote="terminatd" data-source="post: 412593" data-attributes="member: 4031"><p>Jon, that house that you just remortgaged has dropped 20% in value.</p><p></p><p>The fed isn't worried about inflation, its deflation. They have indicated that they want the US dollar to drop relative to other currencies and the international standard, gold. Money has been leaving the US recently at an enormous rate. Americans have been buying luxury condos here in Canada, making 15% on their money in the last 5 weeks. The US manufacturing and wholesale goods prices are dropping at historical rates. Its like the comuter industry, would you buy a cobra today if it was 1000.00 cheaper next month. I don't give the the fed much credit in being able to move the economy. The shift from a gold backed economy in the 70's to a paper one gives them no power. They recently stated that they would just print more money to stimulate the economy, this will devalue goods and assets.</p></blockquote><p></p>
[QUOTE="terminatd, post: 412593, member: 4031"] Jon, that house that you just remortgaged has dropped 20% in value. The fed isn't worried about inflation, its deflation. They have indicated that they want the US dollar to drop relative to other currencies and the international standard, gold. Money has been leaving the US recently at an enormous rate. Americans have been buying luxury condos here in Canada, making 15% on their money in the last 5 weeks. The US manufacturing and wholesale goods prices are dropping at historical rates. Its like the comuter industry, would you buy a cobra today if it was 1000.00 cheaper next month. I don't give the the fed much credit in being able to move the economy. The shift from a gold backed economy in the 70's to a paper one gives them no power. They recently stated that they would just print more money to stimulate the economy, this will devalue goods and assets. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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