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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (13730)	1/20/2002 9:27:32 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

Mike - You might be interested in my Austrian attack on price index quality adjustments. - Message 16932593 Regards, Don

To: Mike M2 who wrote (13730)	1/20/2002 9:16:25 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

<The Austrians would say that the inflation is in the financial markets. Record trade deficits have also helped to suppress product price inflation> I agree, if we want to extend the definition of inflation further than the consumer price index. That's why, for years, I've thought that Uncle Al will print flat out, using the consumer price index inflation rate as the basis for the printing. While prices are dropping, he'll be printing. My guess was that this would cause a rapid increase in the share price indices. So far, apart from the bubble, which appeared as an irrationally exuberant blip on the decades-long big picture, that has been the case. Now that the irrational exuberance has been attenuated, we can expect the more sensible long-run financial market inflation, which is what I have invested for and hoping for and so it has been, with the technology turbo boost helping that process along. I don't think we are far along the path at all. Mqurice