Wednesday, October 18, 2006

Dollar, stocks reassured by US housing,CPI

GLOBAL MARKETS-Dollar, stocks reassured by US housing,CPI

...investors took heart from strong housing figures...

Posted by rumble @ 03:18 PM (571 views)
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14 thoughts on “Dollar, stocks reassured by US housing,CPI

  • How can this be??

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  • how can this be??

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  • sold 2 rent 1 says:

    Don’t get bogged down by the month to month figures
    Oil price and US new housing starts figures fluctuate wildly

    The Dow will surge higher due to strong global growth and record profits due to wages being suppressed

    Think about the bigger picture:
    The imbalances in the world economy
    Inflated property prices built on debt

    The business cycle has not gone away. The bust will follow this boom.
    It is only a matter of time before we see China and the other Asian producers start to report inflation
    Vietnam is reported to have 42% wage inflation

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  • Hi thanks – good points. I just wish it would happen soon.

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  • george monsoon says:

    More fool them, I have a spreadbet that the UKX will drop.
    Im in the money.. Im in the money…da da….

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  • devil's advocate says:

    You people just keep selecting the press article that suit your purpose, the more I read the blogs on this site the more I think your all just deluding yourselves. It was only a week ago that people were quoting that Australia and US were crashing, on the strength of a couple of article about one Aussie house that sold and the florida new house market.

    Funny how the articles that back up a crash are never contested but those that dare to defy are always slated even if it just a snipe at the author.

    Pathetic.

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  • Devil’s A,

    I think I’ve said this before, you’ve come to the wrong website.
    There are plenty of places on the NET that are VI, and I can tell you this aint one of them.

    > You people just keep selecting the press article that suit your purpose

    Well given the nature of the website what do you expect. Pathetic!!.
    Anyway the news bloggs if you aint notised have both pro’s & con’s. a bit like this one actually. 🙂

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  • sold 2 rent 1 says:

    DA,

    I can agree with your opinion that any news that goes against HPC is always contested as spin and manipulation of statistics. Most of the posters on this site want a HPC ASAP and are always looking for any scrap of news that will back up their desire.

    This is one of the drawbacks of having a blog based on daily news items. In any boom environment there will be many ups and downs, although the general trend will be up.

    Here is a graph of new housing starts.
    See how it can fluctuate 50% over a few months.
    http://i20.photobucket.com/albums/b201/CDMbeachman/startsNSA.jpg
    In any analysis the monthly figures should be ignored and focus be placed upon the trend.

    My whole argument for HPC is about long term economic cycles and the correction of imbalances in the world economy. Unfortunately the news that comes in is mainly about specific items and monthly statistics so the debate gets dragged into a nit-picking battle between conflicting short term news items.

    The bull market in shares and house prices may go on longer than we thought. All rising markets tend to overshoot; this is the nature of the bubble. Economic theory has not changed. There will be a bust after the boom – only the timing is the question.

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  • George Monsoon says:

    Who cares what is posted on this site as long as it offers HOPE for all those misfortunate enough not to be able to afford a property of their own.

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  • good point Devil’s advocate… cannot put it better myself so gonna quote someone;

    “If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence.” — Bertrand Russell, Roads to Freedom.

    I think the best thing to do, is read this forum, read the times, the guardian and the bbc. website the the truth is somewhere in the middle.

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  • although some times like in any group you can get group think i.e. polarisation of opinion .this group has got clear underlying beliefes.it also acts as a suport group and allows people to hold out and wait for more relistic prices.also using terms like “you people”and “pathetic” appear to be orientated to lower peoples self esteem and says more about the person who says them than whom it is said about .

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  • DA

    Its good to have a counter balance argument, but pathetic we are not. Unless you are a property developer, a BTLer or a habitual MEWer there is little benefit from massively over inflated house prices. You cant move up the ladder unless you borrow even more, you have no more liquid cash unless you borrow even more against your property or sell the property to rent or emmigrate. Do you own a house?

    Give me a reason why this is a good thing for a single home owner. You clearly dont fully believe what your typing as you are a regular visitor to housepricecrash.com….which means you too are worried that this cycle may soon head south.

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  • kpjcomp.. sorry but you should welcome VIs on this site. Otherwise there is nothing to balance out your bitterness and short sighted bias towards certain articles. What devil’s advocate said is 100% correct. On here any slighest article that suggests house prices down is praised highly and everybody agrees. Any article that suggests house prices ok or up is laughed at. It is much better to have a balanced debate

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  • Everyone on this site is a VI. We’ve just got a different I

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