Yes, Raghu, the prize is in the mail.
Gene
On Jun 14, 2006, at 12:16 PM, raghu wrote:
Doesn't make sense, does it? If the central banks are correct, then
it is time to BUY gold and the rest. Or am I not looking beyond
enough valleys and peaks? Should we SELL, because there is a boom?
Or BUY because because there is a boom?
I offer you the classic fallacy of economic reasoning.
1) Either we are in a boom or a bust. If we are in a boom, then it
makes sense to BUY. If we are in a bust, then surely things can only
get better tomorrow (central bank action!!!!), so it makes sense to
BUY.
2) Either we are in a boom or a bust. If we are in a bust, then it
makes sense to SELL. If we are in a boom, then surely things can only
get worse tomorrow, so it makes sense to SELL.
Do I get a Bank of Sweden prize for this?
--raghu.
