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

To: mishedlo who wrote (71708)	10/12/2006 9:57:55 AM
From: GST	Respond to of 110194

<I am simply calling you on it.> No. you are shucking and jiving in the hopes of changing the subject. Take the CPI and PPI -- there is your basket. Are these great measures? No, they are perverted measures. But perverted as they are, and as imperfect as any other measure might be, we face a stark reality -- and that is, simply put, our economy is in a long term inflationary trend with no logical reason to expect it to end -- on the contrary, there is every reason to expect it to persist and perhaps accelerate if the economy slows as most people expect it to. Fantasy and wishful thinking on your part are no substitute for logic -- I am still in search of your logic, and in search of any logic dealing with the basic facts of our status as an import oriented economy running multiple massive structural deficits.

To: mishedlo who wrote (71708)	10/12/2006 12:50:48 PM
From: TimbaBear	Read Replies (2) \| Respond to of 110194

Mish, you are so full of it, your eyes must be brown. Are they? If anyone does suggest a basket of goods, you come back with that ridiculous hedonics argument of yours and use it to try to discredit the use of a basket of goods. You do not try to give any merit to anyone's ideas but your own and that shows a serious flaw in your logic construction. It's almost Bush-like in its approach. The reason (it appears) that you do this with the basket of goods argument is that your theory of economics says that prices are not the key to understanding inflation but rather, the key is the flow of money supply and credit. Therefore any approach using prices as the barometer for inflation must be discredited. Therefore, you are being quite disingenuous in asking, begging, prodding, poking, (or whatever descriptor you want to use for what you're doing) GST (and anyone else who differs from your theory) for their definition of a basket of goods. You really don't want to know what it is so that you can see how it tracks with their theory, you want to know what it is so you can do your best to make it look absurd and thus no longer worthy of consideration. Given that, why would anyone bother? It becomes a fruitless argument that reaches a point where you are claiming that you have proved the basket of goods idea is flawed and thus your theory (which has just as many flaws) is THE only valid approach and then you're back to the old "Well, I've addressed this issue a million times!!!!" statements and it's rinse and repeat. Why can't you just acknowledge that there exists multiple approaches each with interesting arguments to their credit? After all, when time passes the staunchest advocates of each side will point to the outcome and declare victory and exhibit the same flaws in those declarations as they did in the constructs....they will overlook or ignore that which doesn't dovetail with their declarations. Timba