SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JRI who wrote (201084)10/30/2002 10:59:37 AM
From: reaper  Read Replies (1) of 436258
 
i have not made an argument that aggregate prices are down; they are clearly not, especially with housing/rent (a HUGE component of expenditures) up so much. what i have argued, and what is true, is that GOODS prices in aggregate ARE down.

what i have also argued is that SERVICES prices are going to surprise to the downside in the next 5 years. no, i am not Steve Roach, although we seem to be the only 2 people on planet earth who think this will happen. only time will tell if i am right. so with goods deflation persistent and in my opinion secularly permanent (any one year or two may be positive but the trend will be down), if services prices start to fall (in aggregate) as i expect they will we will have a drop in the aggregate price level. that's my story, has been my story for 3 years, and will continue to be my story (and franky i'll hold my inflation and interest rate / bond price forecasting record up against anybody, particularly the gold bugs on this thread <g>)

Cheers
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News