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 : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (630)	2/5/2003 6:28:37 PM
From: Mannie	Read Replies (1) \| Respond to of 1210

<The condition of falling prices, by itself, implies a higher standard of living.> Unless you are the business owner or an employee of a company that can't make money anymore..and has no pricing power. And if that becomes a widespread phenomenon, then we will see the quality of products and services available drop.

To: yard_man who wrote (630)	2/5/2003 7:21:24 PM
From: philv	Read Replies (1) \| Respond to of 1210

The discussion is really about inflation/deflation. Deflation I believe is artificial, almost exclusively limited to manufactured goods. This deflation is imported from mainly Asia and China specifically. Costs of govt. services, health, insurance, etc. are all still going up. This imported deflation is so powerful, it permeates the economy. Coupled with the trillions lost in mis-spent investments in high tech, the price of deflation is still being paid. The Fed solution is to print money, and as long as they are doing that, it is an obvious testament to the deflation that is raging. However, implicit is the inevitable result of eventual inflation to come, and that could be a dooser. Meantime, the $US continues to fall as money is being created, and debt and deficits rise. Couple this to the trade deficit, the dollar's decline is written. The Fed will sacrifice the dollar to keep the financial markets from collapsing. This seems to be their main focus right now. Even so, unemployment is inching up, and much of the liquidity is fueling overseas production. It seems like air is being let out of one balloon only to inflate another. Interest rates are too low, causing inflation in finance and big ticket items. I believe we are in a precarious position, solving one problem may well create a bigger problem somewhere else. Eventually there will be inflation...the decline in the $US guarantees that. Mitigating that however, will be the attempt at competitive devaluations world wide. This attempt will fail, because it isn't possible to devalue a country's currency at will. (Nor can you strengthen a currency at will). As long as the US dollar is supported internationally, without fully paying the price of monetary inflation, they will continue to inflate! Only when the dollar's dominance is seriously questioned will the $hedgemony end, and its decline seriously begin. Gold and Commodities are already broadcasting that eventualilty. The entire world will pay the price of years of inflation. My thoughts tonight FWIW.....gotta run, no time to edit. Phil

To: yard_man who wrote (630)	2/6/2003 12:32:24 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 1210

noticed Dannon yogurt has indirectly risen in price used to be 70c per 8-oz carton now 70c for a smaller 6-oz carton no longer available in 8-oz this is a big development imo I talked in my Predictions article about how wage deflation will come in many forms, with reduced jobs (sure), but also with added duties the flipside is inflation by keeping prices steady but the qty reduced I eat a yogurt per day one per day since 1976 little known fact: yogy prevents aging of skin that is why I look 40 yrsold / jim