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

To: orkrious who wrote (70071)	9/21/2006 8:48:34 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

i buy a lot of used books from Amazon. if i can save five bucks compared to a new book (including the $3.50 shipping charge on the used book, compared to free 2-day shipping for AMZN Prime), i think it's worth it compared to a new book (i buy a LOT of books). just make sure the seller has at least 95% positive recos, and that the book is in decent condition. i've never bought any books on Ebay, but i know some people like that route, too.

To: orkrious who wrote (70071)	9/21/2006 11:20:50 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Round Steak at Dominicks (safeway) $1.59 I do not think I have seen that price for 10 years In 1971-1972 Round Steak at two grocery stores where I worked was a LOSS LEADER at .99 lb (on sale). Let's see .99 to $1.59 in 34 years is what % annualized? Food is a bargain if you buy sales. Mish

To: orkrious who wrote (70071)	9/22/2006 12:55:52 PM
From: ild	Respond to of 110194

smythe & mozel@economizing -- trotsky, 12:26:07 09/22/06 Fri well, i agree with smythe that the economic fruits of a free market do not depend on a specific religion. that poposition is absurd imo. however, i disagree that Islam's creed has adopted a proper economic model with its ban on 'usury' (which in effect, is a ban on charging interest rates for loans). as Menger and Boehm-Bawerk showed in their work, money clearly MUST have a time value. this time value is expressed as the interest rate, whereby the rate varies according to people's time preferences. by banning this basic economic concept, Islam has in fact condemned its practitioners to forever remaining behind us economically and developement-wise. of course, in modern times, Islamic countries get around the interest rate ban by simply charging interest and calling it something else, so they're now obviating this problem to some extent. i agree with mozel that State Capitalism is an unsound system inhibiting the workings of the free market. we have discussed the failings of e.g. an administered fiat money system often enough here. whenever people argue along the lines of 'well, look at all the progress we have made under the fiat system in the post WW2 period' they do not think of the unseen effects the system has wrought - iow, they fail to consider how much MORE progress would have occurred in a truly free market. what progress HAS occurred in this period has occurred IN SPITE of the system, not because of it. this is testament to human ingenuity overcoming all sorts of problems, even such fundamental problems as being deprived of a sound basis for economic calculation. @South African gold stocks -- trotsky, 11:44:25 09/22/06 Fri how much longer can the market ignore the exceedingly strong Rand gold price? anyway, i'm placing a few bets on the SA gold mining shares here. frustrated@GSS -- trotsky, 11:33:17 09/22/06 Fri i didn't get around to posting timely replies yesterday - anyway, you're right, the damaged shaft is not a producing shaft as it turns out. however, it was mentioned in a report by some brokerage house on the day GSS got clocked so badly, so presumably people mistakenly assumed it was important. obviously the power shortage is a completely different, and far more important issue here.