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

To: Maurice Winn who wrote (14888)	2/11/2002 2:47:55 PM
From: AC Flyer	Respond to of 74559

>>ACF, Yes, by changing the length of the measuring stick, we avoid (NOMINAL) deflation<< We still get real deflation, which is great 'cause we can buy more stuff, but offset and camouflaged by the reduction in the length of the dollar, thanks to Uncle Al, which is also great 'cause no-one figures it out and dives into their bomb shelter with a 12 month supply of canned goods. >>He just needs a target, some basket of goods, services, or whatever and he can increase or decrease the length of the dollar so that the size of the basket remains constant [or increases by 3% a year - it's good to print a bit extra as profits of control].<< I think Uncle Al's target number is a nominal 2% - he gets big kudos for vanquishing inflation at 2% - 3% starts to look a little iffy. >><Uncle Al has achieved the mythical, miraculous controlled depression> What depression?<< EXACTLY!