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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (39488)	6/13/2000 5:34:00 PM
From: re3	Read Replies (1) \| Respond to of 42523

Heinz you are welcome to guest lecture in my next years economics classes <gg>

To: pater tenebrarum who wrote (39488)	6/13/2000 5:35:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 42523

prudentbear.com

To: pater tenebrarum who wrote (39488)	6/13/2000 5:54:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 42523

what do you make of NYSE TRIN??? this is BIZARRE decisionpoint.com

To: pater tenebrarum who wrote (39488)	6/13/2000 6:03:00 PM
From: TigerPaw	Read Replies (1) \| Respond to of 42523

Inflation was rampant in post-Roman England when clever forgers learned to plate silver on casts of Roman coins (which were still in use). TP

To: pater tenebrarum who wrote (39488)	6/13/2000 6:52:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 42523

>>it may to some extent explain why stock prices have risen so much. they partly reflect that the dollar one buys stocks with has lost so much of its value.<< That doesn't explain why the price to earnings ratio has also greatly inflated.

To: pater tenebrarum who wrote (39488)	6/13/2000 9:54:00 PM
From: sidney-8	Read Replies (1) \| Respond to of 42523

Take a look at fig 1 on page 6 of a 250k pdf file at: csf.colorado.edu (click on Gold, Debt and the Great Depression). That chart depicts the absence of significant deflationary periods as of late that you are describing. And the paper puts forth something of an explaination for why it has happened... althought it's been a couple wks since I read it. I sent you this link before and you were probably too busy to take a look, but I do believe it's right in line with the stuff you are now looking into. I would have liked to have seen a more substantial explaination of the normalization constants or functions which were applied to the data on fig 1, but that's economics for you. mike