(globohomo) reproduction plan
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- Jul 31, 2010
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- clown world
Are you sure?
I'm a huge 'reversion to the mean' guy as well. But the way I look at things is that the mean value of paper currency is pretty close to zero.
So surely swapping it for anything else at all, at any price, is a good idea?
How are house prices doing in terms of gold? Think the median house is still around 200 oz - no?
never sure. just best guess
the best measure imo is wages vs house prices. when house prices run away from wages --- it's just a matter of time until that gap closes. i doubt that wages are going to catch up - so that leaves the other side to make the adjustment
canada/australia have defied this for a good while. would be interesting study on how they kept the balls in the air for so long