Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (261198)	4/10/2008 1:03:39 PM
From: TimF	Read Replies (1) \| Respond to of 281500

The country that makes high end goods, can shift to low end goods in a pinch, easier than the country that makes low end goods can shift to the high end. As for starvation, the US is an exporter of food. Inflation (which affects the dollar value of industrial production you brought up) is constantly weighed down Inflation is clearly very difficult to accurately and consistently measure. But its far from clear that its consistently underestimated. Adjustments for the quality of goods are reasonable. If the average new car cost $1,500 in 1950, and $28,000 today, that doesn't mean that you have had an increase in prices of over 18 and a half times in the automobile industry since 1950. A car today is not the same good that a car in 1950 was. Inflation represents the decrease in purchasing power of money. Having higher quality goods for sale does not indicate a decrease in purchasing power. I have strong suspicions that through accounting games, companies claim much of that Chinese export as a US industrial production. Do you have a shred of fact, or the beginnings of a developed argument, to back up this "strong suspicion"? I suppose we just need to just declare strong suspicions to prove out points now. Wow this is easy, I can say I suspect anything...