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Silver Wheaton Corp. Message Board

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  • yourdeadmeat69 yourdeadmeat69 Oct 24, 2012 10:37 AM Flag

    22-26 Oct Economic Calendar: Shaky Reports, Home Sales Comports, Claims Retorts,

    Home sales were up, new home sales were up, prices up YoY (veh), prices are back to June 2004. That means they are 27-35% BEHIND dollar degradation levels year 2013. Notice I didn't say inflation.

    Inflation happens when an asset appreciates. Houses didn't appreciate unless you find oil or gold buried beneath them. Housing appears to nominally go "up" in price because the currency houses are defined in is designed to be depreciated or degraded, so as to minimize our borrow and spend lifestyles. Govt borrows a dollar, and that dollar becomes 22 cents in 30 years. If you're paying irates of 2% a year, at best you get your money returned to you--about $1.10 for the privilege. This is such a common thought process nobody has figured out it's mathematical nonsense. And punishes both savers and 75% of all investors, unless you're very aggressive in the marketplace, and make about 12% a year, you can't get 6% ahead in buying power. I just read a Money magazine article which purports to say the same thing, only enjoins you to make 12% a year as if this were a given.

    The market is up mildly on the housing news, the FOMC statement that we are going too slow and unemployment is too high, releasable about 1315 Central Standard time, 1415 Eastern Standard time. Immediate of concern, is soft landing news from China, and crude declining in the wake of warmer weather and colder economic activity. Cheaper oil usually means joemiddleclass has some extra spending cash and a good thing, but with eyes on the world economy using oil utilization as bellweather, the opposite --lower oil prices--has a perverse dampening effect.

    We are so addicted to everything going "up" that any weakness any sector is looked askance. The only way everything goes up, is to degrade the currency and make it seem so.

    See how that works? No? Me either.

    Till we return to a market of stocks, instead of a stock market, I remain yourdeadmeat69 times over.

 
SLW
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