redwing, on Jul 30 2008, 12:01 PM, said:
I'm sorry I misintrepeted your earlier post:
I didn't realise that near meant visible. A bit like the sun, and the moon. Both visible and near.
We can agree that we are always nearing the bottom unless we are static or moving away from it.
Obviously if a person is in the deflationary camp they are not looking at buying
But if you are in the inflationary camp it could be a way to preserve your wealth as banks fail and everything else generally goes down hill.
Wealth preservation seems important here *also* rather than being clever about predicting the future. I want it both ways just like anybody else but i see inflation rather than longer term deflation. Stagflation or something like it. I can work and renovate and carry on living and do ok meanwhile.
I was also talking about the US dollar and factors that could cause it to bounce back from the current doomsday levels
I tried this pessimistic lark for a few years and it has not been good for my health! I want to see a brighter future now
We had visibility on all of this stuff and now its time to begin looking to the visibility of the recovery
"You cannot by reasoning correct a man of ill opinion which by reasoning he never acquired" ~Sir Francis Bacon, 1561 - 1626