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Ace Hanlon

06/28/03 7:31 PM

#124485 RE: Zeev Hed #124484

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.