First up, Oct 13 seemed an unusually heavy day in the market, just by
what I watch. One might count fwd 90 days off that and see what
happens. Just an intuition. Put it in your diary.
You might have noticed metals markets dived last week on news out of
China - that was after hitting 15 year highs (180 months) China is the
wild card this cycle it seems.
(from last year)
in light of the following that came my way recently;
This is all very much the cycle repeating. To come to understand this
real estate cycle, I have found the material of Ludwig Von Mises and
Henry George to be the most useful. A synthesis of these two
philosophies does explain the movements. I have already referred you of
course to one such outline written by Prof. Fred Foldvary
(www.foldvary.net/works/geoaus.html) This is a terribly important piece
of writing - one of the best explanations I have seen. A great kicking
off point for further discovery should you have an interest in the
nature and cause of things. So I do urge you when you have spare week
to visit the web and see a few of the related sites:
von mises institute
Read anything by the authors as follows:
Ludwig von Mises, Murray Rothbard, Henry George, Fred Harrison
Also a must read sometime is Daniel Yergin's 'The Prize" (the bible on
oil), since oil is the key political commodity these days. More on oil
to come, next email.
and sites like
Once you have been to the above, visit
www.landvaluetax.org/archivpp.htm issues 82, 116, 118, 128, 132 and
133. This will help you see why i think the real estate cycle has much
further to go. 2008 looking good for a peak actually. Again, more to
follow on this next email.
Do however keep in mind, in referring you to such sites, it is not an
attempt to convert you to any way of thinking - though you all know of
my utter contempt for government and politicians in general anyway.
(And libertarians like Rothbard, for whom i have great sympathy,
tirelessly advocated minimal government - though he and they missed
entirely the point about the rent, but are correct about the role of
credit) It is just that should you be interested in understanding the
way economics truly works, this is the info that will best help you take
advantage of it all. It is about the interplay of interest rates, the
creation of credit, and the rent.
Fortunately too, I was lucky enough to have been pointed in the
direction of Gann who, incredibly, saw fit to be able to date and time
some of these turns. I await with interest to see how it all plays out.
No one in the world has thought to coherently combine all three - this
is what my research will do.
More to follow
Finally, mia died nicely at the mid point of its extremes - what a nice
way to go; balanced !
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