Ferrari Mailing List: Re: Oh it gets worse

[Doug & Terri (dnt]

Interesting Erik – interesting.

(how does the BoJ cut interest rates BELOW zero anyhow? That’s coming from a guy who marveled that his 1909 S VDB penny would, at one time, only buy a gum ball in a machine – now it won’t even do that)

So what does our happy group here think “every bubble” is or will be?  Persian rugs are out.

DOUG

 

From: Ferrari [mailto:ferrari-bounces+dnt=dock.net [at] ferrarilist.com] On Behalf Of Erik Nielsen
Sent: Sunday, January 31, 2016 4:51 AM
To: DOUG <dnt [at] dock.net>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] Oh it gets worse

 

Behold the power of QE1, QE2, QEx…

 

With the Fed rate at practically zero and the BoJ now negative, you see the masses chasing every bubble.

 

It would be interesting if this price level is sustainable when we get back to 2% interest rates.  The luster is coming off high end real estate, art market is slowing, cars are next.  Lather, rinse, repeat.

 

The true enthusiasts are the ones that keep doing what they’re doing, even if the prices crash 80% from here.