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To: Silver_Bullet who wrote (10591)2/12/2002 2:42:48 PM
From: Bucky Katt  Respond to of 13094
 
The classic definition of inflation is too much money chasing too few goods, like lots of easy to get borrowed money chasing real estate, which is over-valued.
It also can be fueled by any number of things, but what we have now is a vast, worldwide overcapacity problem.
The money creation being pushed into the system is huge, unprecedented.
How it works out is anyone's guess.

I will give an example of how out of whack prices are in the USA.
My sister has been in Mysore India the past month and a half, and will be there another 2 or 3, she is studying under the Ashtanga yoga creator. Anyway, she got sick, very sick, due to the fact India is a filthy place. So, her doctor prescribed Cipro, we all remember Cipro, right?
Guess what, a 6 day course cost $2, yep, 2 US dollars.
The infection also spread to her eyes, so Cipro eye-drops were prescribed. Cost? .25, yes, 25 cents for 1/2 oz. of Ciplex or Siplex, whatever they call it.
I called 3 drug stors, a WAG, a WMT and a Target, and guess what? The same thing here will run you from $65 to $98.
Anyone wonder why we get so many Indian doctors here?

Now 2 things can happen, prices in India will go up, or prices here will go down.
Now that is inflation, and we here in the US are getting it right up the rear end.

Not an exact answer to your question, but the only thing I could think of this minute.