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To: sea_urchin who wrote (21149)6/11/2004 12:44:18 PM
From: philv  Read Replies (1) | Respond to of 82192
 
Can such an analysis be applied to other indices, other commodities? Does general inflation not count? How about crude oil, or the price of a house, or the value and volume of the dollar? Can these be equally analyzed?

Does not monetary policy throw such analysis off? If inflation was flat, (no wage or price inflation) and the supply of money constant, such an analysis would be correct, imo.

The cost of doing business in 1988 was considerably less than today, and in 1988, the it was far costlier than 1968. So, should such an analysis not take inflation into consideration?