On Mon, 17 May 2010, keith smith wrote:
> Maybe..... What if we were to go into deflation? Wouldn't that help?
> herrold, earlier:
> This looks like wishful thinking. The outsourcing/offshoring
> genie is out of the bottle, and nothing is going to put it back
Deflation relative to what? Gold? The CHF? The JPY? The EUR?
Why should a loss in purchasing power of a unit amount of one
currency affect non-lockstep linked currencies at all?
Bretton Woods ended those days
Prediction of the path financial markets will take appear to
be a multi factor, non-linear problem, with path dependencies.
Anyone saying they _know_ otherwise should be encouraged to
play against you in a markets simulation where you run a
true random strategy. If they can consistently articulate a
durable strategy that produces above market gains, follow it
What if AZ were the first mover in a economic game where it
restricted non-documented guest workers and TX and FL
followed suit, but NM and CA did not. Where will budget
and employment crises continue longer?
Opinons are cheap; horse races are held regularly to settle
differences of opinion as to which of a collection of horses
can run the fastest. One problem with the study of economics,
and behavioural economics, is that there is no 'experimental
lab'; and 'repeatable starting conditions' repetition of
history, to settle arguments like this.
-- Russ herrold
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