SI
SI
discoversearch

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.
Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (6758)5/2/2008 2:10:13 AM
From: stan_hughes  Read Replies (2) | Respond to of 71409
 
The unreal real is making it more expensive every year to do the Rio Carnaval thing, but J6P is not bothered by this -- between handicams and high-def monitors, staying at home is almost like being there

Case studies of economic activity like this would seem to justify using hedonic valuation, where GDP materializes out of the ether based upon increased consumer efficiency or enjoyment of things despite the fact that they didn't buy, don't have, and can no longer afford them because the trading value of US currency keeps marching toward confetti status. In our Rio example, it doesn't matter that J6P did not purchase a travel package to go to Brazil, because he enjoyed virtually the same effects by staying at home in his rec room or trailer watching the best parts on DVD, which the federal government hedonicly values and reports as 3.7% growth in output in the service sector

Thanks to hedonics, most people stateside still think they have an economy, and have learned to sit back and relax and let "the little countries" do boring stuff like build ships or produce oil to generate their share of global GDP, while the US sits at home drinking Budweiser and watching naked Brazilian chicks on a nice 10,000:1 contrast ratio 52" HD screen without even having to bother opening the mail with the OVERDUE stamps on it -- everything's good

PS -- Better buy some US stocks before they all double by Memorial Day. And don't worry if you don't have any money, just get one of those new Capital One Cabala credit cards with the $100K line and 0% teaser rate and get a cash advance -- it's not like anybody is ever going to make you pay it back, the Fed's got everybody covered.....