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Post# of 704041
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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 124484

Saturday, 06/28/2003 7:31:09 PM

Saturday, June 28, 2003 7:31:09 PM

Post# of 704041
Zeev;

I disagree on real estate. That asset already is greatly inflated -- much more so than gold. Higher CPI inflation would be quite bearish for real estate IMHO, because the ultra low interest rates that have fueled that bubble will be gone -- perhaps forever -- certainly for a long time to come.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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