Jim: > I wasn't arguing with you. I was confused.
This is why I do not like these internet communications. They are miss-interpretable. Being an economist, you know what a numeriare means, right? I guess, it is a fancy way of saying denominator, possibly in French. If your numeriare is gold, then the gold return is always zero, is it not? But, if your numeriare is the US dollar, then it is a different story. Pick a numeriare so that we can continue our discussion. Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
