Is there a bright side to the falling dollar?

[DWCAP]

oil, gas, and mining companies, many of them American companies, will make record profits as oil hits $109+ and becomes an inflationary hedge linked to currency flux rather than a comodity that moves on supply and demand. This will encourage more of them to increase production as much as possible and that will mean more jobs for US energy workers. American energy is produced in some of the poorest parts of this country and more jobs are always needed there.
Also Americans may finally start to value energy at its real cost, reducing emissions more than Koyoto ever could.

Bad News: This will embolden nut cases like Hugo C. and Putin II.
Extra Bad news: environment will take it in the ass as companies chase profits without regard to costs.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[Author]

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