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Friday, January 9, 2009

DEFLATION PLUS PIGHEADEDNESS

Prices are falling
Oil
Real estate
most commodities

deflation

to clear your inventory, whatever it is, lower your price to the market

this goes for jobs

but people hate to take less
so they are slow to cut the price
and that leads to unemployment of capital and labor and resources

everything else is just noise, all the rhetoric and posturing

if you want to sell something, lower your price
if you still can't sell
find another business

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