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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (47734)	4/22/2000 11:18:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

Larry, I am not sure that Grant's analysis of productivity is not missing some important points. To the extent that hedonistic valuation of computers has been used in calculating the CPI, it has been done for quite many years, so how come today I can buy a 21" TV at less than what I used to pay 10 years ago for a 17"? Similarly, cars, appliance, raw materials have not progressed in price much either. Wheat and corn are today not far from where they were in the 1980', so are base metals, and of course, gold is in th dumps. This is telling me that something there is slowing down inflation, and my guess has been and still is, not the hedonistic pricing of computers, but the availability of a huge pool of cheap international labor. Zeev