Posted on 12/01/2006 8:49:30 PM PST by InvisibleChurch
"They won't even be able to build enough houses in the DC area in the next 10 years to keep up with the incredible demand that is coming here"
How so? Really, I am curious. What will drive people there? Is not that area already packed?
I read that 125,000 will be coming to this area. Government jobs and a great economy. Lots of great private industry jobs also.
Suprisingly there is a lot of room left for building. I'm 50 miles west of DC and we fight development tooth and nail.
Sorry, that was meant to be 125,000 per year!
Having a bit of gold in one's portfolio, from time to time, is perfectly sane. To claim, as the goldbuggers do, that gold is it, it, IT and ONLY IT, is delusional.
Why can't you use M2? Repurchase agreement information is still available. Where's the conspiracy?
If the money supply is being expanded so far beyond what's required for GDP growth, where's the inflation? 10-year bonds are yielding about 4.4% so inflation is in the 2.5% range. You can still get a 30-year mortgage for 6.15%, which means that the long term expectation for inflation is low.
Besides, The Fed has used interest rates instead of money supply to spearhead monetary policy for the past 20 years. The fact that M2 and M3 have grown so much with low inflation speaks volumes to the disconnect.
The Euro was worth $1.20 when it was created. You say it's now worth $1.30. That means the Euro is less than 10% stronger today than when it was introduced. Is that how you define incinerated? No wonder you worry so much.
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