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.

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

To: TobagoJack who wrote (35726)	7/4/2003 2:08:36 PM
From: Ilaine	Read Replies (3) \| Respond to of 74559

>>You are of course kidding about <<Steven Keen's "Non-Linear Dynamics of Debt-Deflation" >><< No, actually not. It's a reworking of the Price-Specie-Flow model using non-linear equations, and inputting more data points. >>I am sure that a reasonable person such as you would not really think in these terms.<< I am not accusing you of thinking that way, but affinity or lack thereof does drive trade. Look at the US boycott of French goods, for example. Many here in the US, my husband for one, refuse to buy Chinese goods due to human rights issues. >>China did not cause, instigate or encourage the Greensputin engendered paper asset bubble<< Chinese money isn't backed by gold, either. >>took the difficult and necessary steps in structural reform that resulted in Greensputin admired productivity improvements<< If only Americans were as hard working as Chinese, alas. On a different matter, I was surprised to see predictions that China, too, has an aging population problem.

To: TobagoJack who wrote (35726)	7/4/2003 4:02:04 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Given that a melon in Japan can run 10,000 times the cost of a different melon in China, no reasonable amount of exchange rate adjustment can save Japan.> Jay, you are using one word for two different things. I have painted a picture of my wife. I think it has equal value to the Mona Lisa and we just need an exchange rate valuation to match their prices, after all, they are both paintings of women. A melon in Japan isn't just a piece of fruit. It's a perishable work of art given as a gift and gifts have an element of expense to impress. It's like popping the cork from a bottle of Dom Perignon - the extra expense is part of the purchase as a mark of celebration. Popping the cork from some plonk for getting pickled is an action bearing little relationship to the Dom P. You need the venerable Big Mac test rather than the melon test to see whether currency adjustment is needed. Mqurice