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

To: elmatador who wrote (103605)	11/6/2013 10:16:45 AM
From: Maurice Winn	1 Recommendation Recommended By dvdw© Respond to of 217616

I like deflation. It would be great if there would be a lot more deflationary lowering of prices. Made in China was great. A billion people went from rural penury to making things which billions of people wanted to buy at prices that they could afford to pay. I have a shed full of tools which 50 years ago would have cost me an arm and a leg. Toasters, hair dryers, computers, all sorts, now cost not much at all. It's wonderful for people in China and great for everyone else too. Similarly, in telecommunications, Nokia, L M Ericsson, Motorola used to make cellphones in the early 1990s which cost $1000 and were hopeless analogue machines. It also cost a fortune to actually use them. For the same price, Samsung will supply the Galaxy Note 3 with Snapdragon samsung.com Simply amazing. And now, you can use it without spending a fortune. 40 years ago when impoverished and young, poor quality cars cost a year's pay. Now, for a year's pay, the cars are amazing. 40 years ago, getting to England from New Zealand took weeks and cost 20% of a year's pay. An airline trip cost an arm and a leg. Now, a trip there and back costs 1/20th of a year's pay and takes a day there and a day back with only 1 stop en route [via Singapore]. More deflation please. With interest rates at zero, there's no tax to pay the government. That's nice too. They whined about < long period of economic stagnation from 1990> Frankly, economic stagnation is pleasant. I used to work flat out and be buying flat out too to get all the things I wanted, having started out with nothing but a bicycle which I bought with my newspaper delivery money. Economic stagnation is great. I have all the things I need and can simply rest and enjoy the day. Japanese did the same. They worked hard for decades. Now it's time for them to relax, sit back in the wonderful Shinkansen, and enjoy the passing scene [though it does flash by too fast to really enjoy]. Robots can make Toyotas should their old one finally give up. But they can afford to get new ones regularly. Deflation is nice, economic stagnation is pleasant. Playing with grand children on a beach, or showing them how to make something in the shed, is not great for GDP or the tax base, but it's certainly more pleasant than grinding concrete in a new building or pouring concrete in 12 hour shifts to build a valve tower for water supplies, or sweating in the heat to build a canal to carry water for hydroelectricity generation. I did all that. Those things still work like the day I built them. I can relax. Hooray for economic stagnation. Grand children can learn how to make wifi work and mobile Cyberspace hum, as well as genetic engineering. Mqurice