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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: RJA_ who wrote (67946)	8/10/2006 1:45:37 PM
From: mishedlo	Read Replies (1) of 110194

Proposed definitions: Inflation: A general increase in price levels regardless of cause. Deflation: A general decrease in price levels regardless of cause. I can not or will not accept those definitions. They are fatally flawed. They can not be measured and no one can define a representative basket of goods and services to measure even IF prices could be measured (which they can't). It is hopeless to think inflation is a rise in prices. I explain just how hopeless it is here: Inflation: What the heck is it? globaleconomicanalysis.blogspot.com Mish

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