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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (4892)	10/17/2001 10:51:25 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

it sounds as though you are saying no amount of "tinkering" around the edges will alleviate the pain of deflation.... and that the cure is as bad as the disease. Life and capitalism are cyclical processes and they go to extremes. If you read anything by the Dali Lama and buddism you see that they highly value trying to find balance and the center. He's looking for that because he's aware that in life things get out of balance very often and quite easily. Another way of saying that balance is lost is to say that things go to extreme or excess. It's an empirical fact of chaotic systems.... and chaotic systems are pervasive on the planet and in the universe. The geography of coastlines , and the function of the human heart (pysiologically) is chaotic in it's function. This chaos theory has also been articulated in terms of the Financial markets, Bill Williams has written a couple of very good books on this. So the tide is always either going out or coming back in. The cycles of life are always continuing on and they occur in the markets as they do everywhere else in our physical world. it sounds as though you are saying no amount of "tinkering" around the edges will alleviate the pain of deflation.... and that the cure is as bad as the disease. Not so.... One of the greatest mistakes and inaccuracies that is promoted by our educational system and the some of the mass media is that If we act and live just right we'll have stability in our systems,..... economic, political, social and cultural. That is patently absurd, Life is fundamentally an unstable dynamic an chaotic process. Now I know that most all of us at least on some level want stability, permanence and no changes. I'm one of them. Of course when we're seven and a half and desperately want to turn eight, we want change, as we do when we start a new job or are looking for a promotion. Or how about when we were 15 and desperately wanted the calendar to turn so we could get our drivers license. We live in a world of conflicting wishes, and dynamic change. We love it when the price of our house goes up, unless we're just getting ready to buy one. We hate higher energy prices unless we have an oil well out in the backyard. borrowers want low interest rates and lenders love the VIG. It's not so much that the cure is bad as the disease, as it is that it's a system that is ebbing and flowing, and to expect it to be something else is unrealistic. The great and sinister misleader is that when you read opinions and views of all the experts, PhD's and philosophers, there is an agenda at work. We read the op-ed of the WSJ or Milton Friedman, or Lester Thurow of MIT and we are reading definite world views and doctrines, some on the left, some on the right and some that are beyond easy categorization.. I'm promoting one right now, by suggesting that economic planning can not create ongoing price stable systems. I was a very engaged student in History when I was young and still enjoy it. Economic history is an under- emphasized field of study, but just pick up any history book and look at how much the economy has gone through recurring boom and bust cycles in history... indeed the bible mentions seven fat years followed by seven lean years. So that's my little rant on this... I'm not mad at the system, rather happy to be alive and I work at trying to be humble enough to realize that so many of these matters are far beyond me and if I sound like I'm a know-it-all it's ......truth be told, due to the fact that I'm both In AWE and a little freaked out as to how large the system is and how insignificant I am in the scheme of it -g- John one little PS...even the arguably greatest Psychedelic and counter-culture of the 1960's the Greatful Dead seemed to have figured out some of the key truths of the ebb and flow of the economy and material wealth by 1970... you can see it in the lyrics St Stephen which is on their 1970 album "Live Dead" ..........One man gathers what another man spills....... and the Frisco audience even seemed to like that idea...... mysterious indeed.