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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (3925)	9/2/2003 8:16:32 PM
From: Crossy	Respond to of 37387

deleted for double post

To: Sergio H who wrote (3925)	9/2/2003 8:18:14 PM
From: Crossy	Respond to of 37387

Sergio, my problem is a principal problem I have with what is called "normative economics" - which implies VALUE JUDGEMENTS.. You know, which way to go, KEynesian, Monetarist, etc.. Then there's POSITIVE ECONOMICS, that's the description of phenomena that we see out there.. I have no problem at all engaging discussion in this category. All I want to do is avoidinign normative economics. The statement "which value should the yuan be ?" is clearly the former. As I pointed out (indirectly at least) this is more a political than an econonic question.. that's why I'm uneasy discussing this subject.. A similar question: "where do we project the Yuan to be in 2 years" does NOT involve a value judgement at all (no "should" implied). See my point ? I take the world as it is not trying to change it - which I regard as futile (but that's my personal belief) rgrds CROSSY BTW : many thx for the 2 abstracts on Japan banking. Interesting read - that's for sure !