Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Rarebird who wrote (13648)	10/19/2004 10:44:39 AM
From: zonder	Read Replies (2) of 116555

In the modern way of looking at things, when the price of something you own goes up, that's not "inflation" Really. I own a house but you don't own a house. If house prices go up, is it considered inflation of not, in this modern world of yours? Moreover, do you assume that once you have one of "something", you will never need to have another? I own a house, but MIGHT want to buy another. Does that make an increase in house prices "inflation" for me? And don't even get me started on stuff that everyone HAS but everyone will have to buy MORE.... I sure hope this resistance to accept "modern way of looking at things" doesn't mean I am getting old, LOL.

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