Anyone selling and renting, in anticipation of a crash?

[Cagare]

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The alternative to not raising rates is currency depreciation, which is even worse because it results in a breakdown of trade.

There seems to be this overriding notion by very ill-informed people that there are no consequences to not raising rates.

Again, agreed. I think we are a bit pooched either way.

[suntan]

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Again, agreed. I think we are a bit pooched either way.

We're pooched, man.

[prae]

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One of my favorite bloggers tends to agree with you here.

that shit is so tired; I was into Turner in 2007 or whenever he first published but now it feels like he's just a doomsayer waiting for the day his prophecy finally comes true. It may, but I would hardly call him a reliable predictor of anything.

[Buster]

I enjoy Turner's blog... But he's talking his book just like everyone else.

[ZenOps]

What makes housing here attractive is the yearly taxes, which are reasonable all things being equal.

And the cheap electricity.