Monday, August 6, 2012
Price kinematics : rigid relative structure assumption
Lots of meme shop one off wizards seem to fall thru holes right here
With some set of implicit assumptions
about the relative kinematics of different market price sets
The beauty of the system is it's one rigidity obligations
The obligations grid is fixed
This rigidity puts huge strains on the price system
As it may force itself into a sudden necessary and large set of relative adjustments
Between products labor resources ...claims to asset income streams etc
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What remains clear here is this
.......
A good rendering of price motions is critical
to any apparently useful model that provides motives
Behind those motions
Get the motions wrong who cares if motives look right