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

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To: sea_biscuit who wrote (70748)10/31/2007 11:45:07 AM
From: mishedlo  Read Replies (2) of 116555
 
sea biscuit there is zero risk in a pricing unit.
None.
How can you possibly dispute that?
The risk is what happens over time.

What happens over time has NOTHING to do with the pricing unit.
You are suggesting the pricing unit itself affects the price.

That is of course preposterous.
There is no risk anywhere to anyone if bread or hotel rooms are priced in euros instead of dollars. You are implying there is.
That is complete silliness.

There is always a time risk (based market forces, e.g. supply/demand principles) no matter what the pricing unit.
There is always a currency risk no matter what the pricing unit.

There is no inherent risk in the pricing unit itself.
You are projecting time and currency risks into the pricing unit. That is an enormous error. Apparently you are not the only none doing this.

Mish
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