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Re: The Economic recover: anyone willing to make a prediction?
LaurieAG proposes a return to the gold standard---to which I agree. But, you know, it won't happen in our life time . . .
Cindy Gates is thinking in terms of 2010. Could be, but I think all this money being created and pumped into the system will mean that once the stock market begins to rise up from these levels, cheap money will pour in from all over the world buying up real estate and other now-low-priced assets.
What I figure is that monetary inflation has distorted the picture which would otherwise equate 1929 with our 2005 real estate boom peak and that 1933 bottom corresponds to our 2009 next year. At least it is an interesting comparison . . .
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