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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (259931)9/11/2003 10:39:26 AM
From: Tommaso  Read Replies (1) of 436258
 
>>>When you say "PPI inflation" you use word inflation in its first meaning "an act of inflating". When you say just "inflation" you are supposedly use the second meaning which has nothing to do with CPI or PPI.

From Webster:
Entry: inflation

1 : an act of inflating : a state of being inflated:
2 : an increase in the volume of money and credit relative to available goods and services resulting in a continuing rise in the general price level <<<

Are you saying that "a continuing rise in the general price level" has nothing to do with the CPI or the PPI?

It seems to me that the # 2 definition is precisely predictive of what I (and incidentally, Jim Rogers) expect.
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