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Sure people buy assets because they see prices going up.

But do people ask for wage increases because they see prices increasing in the future or because their purchasing power has been reduced by x% this past year because energy prices went up, food got more expensive etc etc.

I think we are looking at chalk and cheese here (as between capital and revenue expenditure), not for the first time.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Jun 20th, 2007 at 03:59:11 PM EST
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