08-01-2010, 12:58 PM
quote:I hear you. I wasn't trying to say that price is always a factor of supply and demand, or that price necessarily reflects value.
Kathy, there is no true supply and demand. Prices are manipulated by speculators so price does not correlate. For example, wheat prices in 2008 rose to extreme heights even though the world produced records amounts of wheat.
I appreciate your sharing that you have a degree in economics. I had noticed that your comments were well thought out. [
] Re economics: I have it in my blood somewhat, as one grandfather was a professor of economics. Alas, I did not inherit a love of business from him, and I never applied myself to the subject, beyond the one class, but I'm becoming more interested these days and doing some reading.Rob, I do apologize, I knew the topic was barely anchored in Puna. I'm interested in the housing market crisis. It certainly is affecting Hawai'i in a big way, but I'm not sure how to speak of it in terms that relate only to Hawai'i.