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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (40024)	5/16/1999 9:14:00 AM
From: coug	Respond to of 94695

Dale, Yes there are "pockets of inflation", in time and space, example, time, the momentary rise in the price of energy, will it last, I don't, example space; Your silicon valley housing.. Will it last, who knows? So all techies now want to hang together, do they have to now? Not really.. Maybe they will all abandon and do it through cyber-space. My basic defination of inflation.. "Too much money chasing too few goods" Now we have enough goods, caused through very high productivity. I just read this morning..John Cuniff, AP.. "After having risen at a healthy 3 percent annual rate during the 1950s and 1960s, US producivity stagnated at about 1 percent from 1973 into the 1990s".. OK, the period 73 to early 83 or so was when we had "stagflation"". Another excerpt, "During the first three months of the year, productivity shot up at an annual rate of 4 percent following a 4.3 percent gain in the final quarter of 1998." I think I read someplace that productivity has risen about 3 percent per annun since the early 90's And of course, he discusses the fact inflation can not be measured by prices alone, To quote, "William Nordhaus of Yale University offers an illustration, point out that while the price of light bulbs and fixtures has risen ever since their invention, the cost of light has fallen from .40 per lumens in 1800 to 1/10 of a cent today".. Sort of like those computers.. IMO, the monetary base has to RISE just to keep up with productivity. It is after the fact IMO.. Thinking about those Silicon Valley houses, other than land costs, maybe those people have TOO many bells and whistles on them, sort of like my portable phones... I don't know.. I also have to think about how to stick 100 shares of AOL into the ATM and come out with 200.. Sounds interesting.. The best of trading this week.. I'm in cash and selectively Long.. Thanks for your response... Coug

To: Follies who wrote (40024)	5/16/1999 9:16:00 AM
From: Casaubon	Read Replies (1) \| Respond to of 94695

Imagine you had a microwave that when you put the baked potatoe in, five minutes later you had two baked potatoes. Your next trick would be to put a hundred dollar bill in and sure enough you would have two hundred bills. Atomically identical!! I assume this is joke, right. You do realize what you're saying violates the laws of thermodynamics, and in essence would create an infinite energy machine? I can assure you, the scenario you have described is quite impossible, in this universe. However, with respect to "copying" AOL certificates, I can assure you fraud does occur, but is quite actively pursued by the federal gov't.