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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (67978)	8/10/2006 2:43:40 PM
From: shades	Respond to of 110194

I think you will find that in fact, that is the definition agreed on by most folks... and in the case of language, the majority rules. My grandpa said boy just because a lot of other suckers jump off a cliff are you going to follow? I am a believer in KISS (keep it simple stupid) -- the general rule being if two definitions or theories explain the situation, go with the simpler of the two. Even if it is wrong or misrepresents what you are really trying to understand? Stop being silly! So if you cannot define inflation (or deflation), or agree on a definition of same with others, I don't believe you can discuss it meaningfully with others. You just devolve into semantic arguments, which IMHO are a complete waste of time. Hedonics mean different things to different people - in the early days of vegas a building was VALUED very highly - the invention of the transistor was not - which had a big impact on most people in this world - an old casino in vegas or the transistor - amount of money and credit is fact - not subject to interpretation - but if you want to follow the kool aid drinking masses is your choice. Lots of people tried to tell me buying tickle me elmo was a great investment too - lots of people bought him - some even made money when his value went way up many christmases ago - some were left looking like fools with closets and storage sheds filled with hoarded tickle me elmos that aren't worth very much now - don't be a sucker - hehe.