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To: Frodo Baxter who wrote (1048)	11/23/1998 7:32:00 AM
From: Jerry in Omaha	Respond to of 3536

Mr. Kam, <<Regarding my studies, last time I went to the supermarket, the prices were the same they've always been.>> Supermarket prices can be a deceptive baseline for comparison purposes. Do you know how much that same priced one pound can of coffee weighs today? Hint: It's not quite a pound of coffee any more. When was the last time you checked the tissue count on a same price as usual roll of TP? Lawrence, is there a name for this type of price inflation via clandestine measure and weight deflation? Jerard P

To: Frodo Baxter who wrote (1048)	11/23/1998 10:27:00 AM
From: see clearly now	Read Replies (2) \| Respond to of 3536

"Note: while internet stocks are indeed a ridiculous bubble, it's not fair to extrapolate the excesses in this sector to the whole market; markets always have favored sectors and favored sectors always tend to excesses" Lawrence..I am in my sixth decade and have come to a surprising opinion (for me) about the internet stocks....I think the younger generations know something at a visceral level...what is evolving is a real, virtual world that can be accessed individually with no intermediary institutions..it offers commodities which are the most powerful "drugs" of all..information that can empower and attention! ".....but the upper asymptote is Moore's Law, which is about 60% annualized. This, for those who still refuse to get it, will be the enduring legacy of the New Economy." ..I don't get it?..can you explain it a little?. ...Arni

To: Frodo Baxter who wrote (1048)	11/23/1998 10:44:00 AM
From: Chip McVickar	Respond to of 3536

Lawrence, Very interesting Smeltering any useful information from the charming presentations of this type of author is difficult. Often the required data is never presented...only implied and rarely referanced. This mans work is highly literate and a good read...also, I've found that he earnestly believes in his perceptions of the world market conditions. But finding the sources in a non-abstract arena (Star Market) to verify incipient deflation would be very difficult and clouded by the market place. Wholesalers do not pass along the savings made from declining grain prices or production costs savings from declining energy costs (truckin to manufacture) to the consumer....they just pocket the extra profits and call it productivity improvements. It often takes an act of congress to address the needs of the consumer, take for instance the dry ceral makers. The only consumer area that responds to these examples is the cost of heating oil and gas pump prices....they are the most visable. But just because pump prices decline is not a signal for deflation. This is not to say "productivity improvements" is not real and a major engine of our economy...."Information Rules: A Strategic Guide to the Network Economy" by Shapiro and Varian is a clear work along these lines as are some others new works. One of the tenants of Moseley's recent work is that deflationary problems are within world currencies, bond structures and other debt vehicles. His October 98 work is very clear in this regard. chebucto.ns.ca Anyway, I believe there are hints of deflationary forces that are not as evident as lower food costs and grocery items...they are more abstract. When and if..... these inchoate deflationary currency forces develope into their most powerful forms...they will enter our consciousness very quickly, explosively and with only shrouded warnings. This I believe is why the international financial community took such a direct stand on Brazil's problems. Europe and the US are not unconditionally excluded from these prospects. I am not a "true believer" in the international deflationary scenario....but it certainly is a stronge possibility which might even be about 50/50. Chip

To: Frodo Baxter who wrote (1048)	11/23/1998 2:55:00 PM
From: Robert Douglas	Respond to of 3536

Lawrence, I think Burger King recently raised some prices on combo meals. You might try reading the Asia thread. It has recently turned into a Mecca of obscure ethnic recipes. I for one have sworn off Whoppers for Philippine cuisine. <g> Re: Calvin Coolidge. I am considering reading Sobel's book but am worried that the angst I will feel from the conrast between him and W. Jefferson Clinton will cause me to do damage to myself. I guess all I can say is “Mister, we could use a man like Calvin Coolidge again”. -Robert