Well, as it turns out, I think the people in Zimbabwe have more to worry about than the price of Bacon, hahaha. Sorry I couldn't help myself.
In regards to Monetary Policy: Don't be fooled about the affect's of QE. They know what they are doing, they are just driving down the interest the government has to pay on it's debt by artificially creating demand for a financial product, that, anyone with half a brain wouldn't buy. I mean why don't you just go purchase a CD and get .007% on your money. Let me know how it works out for you.
The real question is what is their next move? As they can't let interest rates go up. Historically my guess is, since we can't employ this many people, we are just going to go to war. Plus historically, for America, it has been awhile. I mean survival of the fittest, right Harvard, right Larry Summers, right Jeff Skilling, Right Eugene Plotkin? Can I tag Harvard in that? Or is it too brutal? haha. I am only kidding though, I mean if you have an institution that is that prestigious and that graduates that many people you are bound to have a few bad apples. I only included Larry Summers because of his comments on Toxic Waste and Africa, otherwise he is brilliant.
Back to the GMAT, yeah you are probably right; however, I have been looking for ways to "distinguish" myself from my classmates since sophomore year of college. Once I saw how much they were skewing GPA's and grades I quit caring. I mean there are athletes who can't even speak a complete thought let alone take a test who have 4.0's. Incredible! Anyways, I am certainly not going to apologize about my general thoughts on GPA. Instead, I started working on actually investing and
proving that I was good. I mean any idiot can get a degree in Finance, yet most people including professors can't prove that they are good at what they are trying to do. I just tend to believe that there should be a completely accountable way for you to prove you deserve to study at the best schools. The more I find out about the GMAT, the more I tend to doubt it as an accurate, nonpartisan, way to evaluate people across different age/ethnic/ other groups. Perhaps GMAT will have a thorough response for me though; although, judging on the way they spoke to Ron on the last question he asked, I doubt it.
On a more positive note, I believe I am getting better.I mean according to 1998 I am an 800
. We will see how that flies in 2013, as I have it scheduled for the 24th of February.
P.S. they should change the rate of inflation graph to since 1960 to present, for some odd reason, I bet it would look a whole lot different. Also, in regards to inflation, perhaps you are right on bacon increasing more than gasoline; however, I wouldn't take that position financially in judging the future. There is a reason why Mr. Buffett likes Phillips 66.
Always a good Chat Brian.
-BP[/b]
