Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (4059)	5/31/2001 3:40:59 PM
From: Stock Farmer	Read Replies (3) of 74559

CB: "Every day you work you create value which must be compensated with dollars" Not axiomatic. If I spend months being paid to move rocks from one side of the road to another, and another person spends months later being paid to move them back, net value creation is zero. Compensation dollars represent only the absolute value of work, absent the vector component. A thermodynamic or other physical metaphor should come to mind, but I've been "working" too hard lately to conjure one up, and won't get paid anyway, so why bother? <g> Seriously though, back to elementary physics. If there is a source or sink of value then the sum of all flows through any surface around that source must add up to the value being created or destroyed within it. If we draw a surface around the US, then the sum of value being produced within the country would be reflected in the balance of payments, right? Which is currently negative? Which implies that the US is currently destroying value at a furious rate? Hmmm.. I don't like where this is going. Maybe there is value that my instruments fail to measure in that DJ over in Germany can read this message and comment on it to unearth the fallacy within ? John.

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