Peter Schiff: Housing prices will go back to 2000 or lower…

[kewp]

If someone could please show me ONE thing that points towards economic recovery in the world, do it. I need it!

Commodities! That’s real growth, not something BS like home equity.

Think about it; what would show economic growth more than increased demand for energy and basic goods?

Everyone’s talking about inflation, but all I really see is huge asset deflation.

Yup. That’s what I’ve been saying all long, the dominant economic force these days is deflationary. Five dollar a gallon gas doesn’t seem like such a big deal when compared to job loss, foreclosure and bankruptcy.

[peterb]

Yeah, I dont like being late to the party, but I think you’re dead on target about commmodities. Looks like I’m gonna dump a bunch of money in Jim Rogers index fund. I saw that he’s about 35% oil. I think it may be a little low, but in general I like the guys investment logic. Your thoughts?

[peterb]

Yeah, I dont like being late to the party, but I think you’re dead on target about commmodities. Looks like I’m gonna dump a bunch of money in Jim Rogers index fund. I saw that he’s about 35% oil. I think it may be a little low, but in general I like the guys investment logic. Your thoughts?

[peterb]

Yeah, I dont like being late to the party, but I think you’re dead on target about commmodities. Looks like I’m gonna dump a bunch of money in Jim Rogers index fund. I saw that he’s about 35% oil. I think it may be a little low, but in general I like the guys investment logic. Your thoughts?

[peterb]

Yeah, I dont like being late to the party, but I think you’re dead on target about commmodities. Looks like I’m gonna dump a bunch of money in Jim Rogers index fund. I saw that he’s about 35% oil. I think it may be a little low, but in general I like the guys investment logic. Your thoughts?

[peterb]

Yeah, I dont like being late to the party, but I think you’re dead on target about commmodities. Looks like I’m gonna dump a bunch of money in Jim Rogers index fund. I saw that he’s about 35% oil. I think it may be a little low, but in general I like the guys investment logic. Your thoughts?

[kewp]

Your thoughts?

Well, if the current trends continue, *everything* is going down; oil included. That’s the funny thing about deflation. Unemployed people aren’t buying gas to drive to work, for example.

Regardless, I’m still long on commodities (especially oil and gold).

My speculative bets would be short on financials and real estate, specifically the SKF and SRS inverse ETF index funds.

[kewp]

Your thoughts?

Well, if the current trends continue, *everything* is going down; oil included. That’s the funny thing about deflation. Unemployed people aren’t buying gas to drive to work, for example.

Regardless, I’m still long on commodities (especially oil and gold).

My speculative bets would be short on financials and real estate, specifically the SKF and SRS inverse ETF index funds.

[kewp]

Your thoughts?

Well, if the current trends continue, *everything* is going down; oil included. That’s the funny thing about deflation. Unemployed people aren’t buying gas to drive to work, for example.

Regardless, I’m still long on commodities (especially oil and gold).

My speculative bets would be short on financials and real estate, specifically the SKF and SRS inverse ETF index funds.

[kewp]

Your thoughts?

Well, if the current trends continue, *everything* is going down; oil included. That’s the funny thing about deflation. Unemployed people aren’t buying gas to drive to work, for example.

Regardless, I’m still long on commodities (especially oil and gold).

My speculative bets would be short on financials and real estate, specifically the SKF and SRS inverse ETF index funds.

[kewp]

Your thoughts?

Well, if the current trends continue, *everything* is going down; oil included. That’s the funny thing about deflation. Unemployed people aren’t buying gas to drive to work, for example.

Regardless, I’m still long on commodities (especially oil and gold).

My speculative bets would be short on financials and real estate, specifically the SKF and SRS inverse ETF index funds.

[peterb]

Agreed. Demand destruction seems to be picking up steam on a global level. Prechter at ElliotWave’s been saying this for a while now as well. But if the 1970’s are any indication, we could have a strong recession as commodities make big gains. Given the state of global finance, I think this could happen, but might take a little time to get going. Perhaps I’ll wait a few more months before jumping in. But I agree that the long term trend seems very strong.

[peterb]

Agreed. Demand destruction seems to be picking up steam on a global level. Prechter at ElliotWave’s been saying this for a while now as well. But if the 1970’s are any indication, we could have a strong recession as commodities make big gains. Given the state of global finance, I think this could happen, but might take a little time to get going. Perhaps I’ll wait a few more months before jumping in. But I agree that the long term trend seems very strong.

[peterb]

Agreed. Demand destruction seems to be picking up steam on a global level. Prechter at ElliotWave’s been saying this for a while now as well. But if the 1970’s are any indication, we could have a strong recession as commodities make big gains. Given the state of global finance, I think this could happen, but might take a little time to get going. Perhaps I’ll wait a few more months before jumping in. But I agree that the long term trend seems very strong.

[peterb]

Agreed. Demand destruction seems to be picking up steam on a global level. Prechter at ElliotWave’s been saying this for a while now as well. But if the 1970’s are any indication, we could have a strong recession as commodities make big gains. Given the state of global finance, I think this could happen, but might take a little time to get going. Perhaps I’ll wait a few more months before jumping in. But I agree that the long term trend seems very strong.

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