still digging but have a question

Post #384,011 by boxley 12/4/13 8:52:46 PM Reply	still digging but have a question Moreover, the issue is complicated by the secular decline in the relative price of capital goods. as opposed to what, religious decline of the sale price of idols and incense? Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 58 years. meep
Post #384,012 by jake123 12/4/13 8:57:18 PM Reply	Secular has a specific technical meaning in economics http://www.investope...rms/s/secular.asp
Post #384,013 by boxley 12/4/13 9:06:52 PM Reply	thanks, been reading econ for years and never saw it expressed that way. First time that it stood out. Cyclic works for me Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 58 years. meep
Post #384,014 by jake123 12/4/13 9:18:04 PM Reply	No problem I think a large part of the current situation is that the future of the only non-fungible good in the global economy as currently constituted (i.e. oil) is on a long term trend of increasing in real cost. Since oil is the foundation of pretty much everything else that we do, from food to fripperies, we're seeing a long term inflationary trend.
Post #384,015 by a6l6e6x 12/4/13 9:22:05 PM Reply	Re: "Secular" in this context means "long term" trends. Examples of secular economic trends might be related to population growth or the relative aging of the population. The cost of extracting a barrel of oil is another example. The low hanging fruit has been picked, so to speak. While new extraction technology extends the usefulness of oil fields and while new finds are made, the costs are ever higher. The contrasting trends are short term. For example trends tied to economic cycle like unemployment rates. Another is the gasoline price gyrations based on umpteen factors. Or, the price of "beanie babies" before Christmas when that was a fad. Alex

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