Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (133654)	11/9/2001 9:02:04 AM
From: Bid Buster	Respond to of 436258

Or...did we already have our bout of inflation but the fed masked it with their chain weighting and hedonic accounting? to wit: energy, housing and equity inflation.. further,...ummm...the suppression and manipulation of other inflation indicators such as pm's? it reminds me of the old joke..what did the blind man say as he walked past the fish house?.....good morning girls.

To: Lucretius who wrote (133654)	11/9/2001 9:04:38 AM
From: Tommaso	Read Replies (1) \| Respond to of 436258

As the years go by I put less and less faith in any criteria for predicting the economic future, but the classic Friedman money-supply theory agrees with your estimate for the onset of inflation, of course. But the world-wide appetite for dollars seems insatiable, and if people keep squirreling them away as a store of value, that could delay the inflation. I guess the Fed is thinking about how, in the 1930s, even an overnight 75% devaluation of the dollar (by repricing gold from $20 to to $35 an ounce) did not stimulate economic activity very much, so they are trying to stop deflation before it can get started. Now I am ready to make a fearless prediction. I predict that some things will change drastically, some things will change somewhat, and some things will not change at all. <g>