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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (33304)	4/17/2008 5:01:43 PM
From: Gib Bogle	Read Replies (2) \| Respond to of 218030

Hmm. The explosive growth of China as an industrial power means lower global prices for manufactured goods, higher global prices for food and oil. As the former become less important, the latter become more.

To: Cogito Ergo Sum who wrote (33304)	4/17/2008 8:23:24 PM
From: Ilaine	Read Replies (1) \| Respond to of 218030

Not exactly a conundrum. It's an economic law, perhaps best stated by economists David Hume and David Ricardo as "price-specie flow mechanism." When I speak of economic laws, I am not speaking of something abstruse like natural law, but of simple mathematics. Mq may object that I am innumerate and thus don't really understand math at all, but this is something so simple a child could grasp it. To me, it's like water seeking its own level. Adults, on the other hand, while they can grasp it, prefer to believe otherwise.