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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (629)5/2/2003 5:30:15 AM
From: Don Lloyd  Read Replies (1) | Respond to of 4912
 
DAK,

<Trades are only made at points of extreme UNEQUAL and INVERSELY ordered values>>
WTF does that mean? "Extreme" is a relative term I take it. :)

<or at the point of a gun.>

That part I get. -gggg-


It means that whenever someone has something to trade, they try to get something with as much value to THEMSELVES as possible in return. Whoever they trade with will do the same and an actual trade will only result if there is there is no other possible alternate available trade with a more extreme disagreement on the relative values of the goods to be traded.

The market prices of goods are not values, but the aggregate result of the subjective values that individuals assign to the ends that the goods serve as means, balancing total demand against total supply.

Regards, Don