Bill Bonner: Price does not tell you all you need to know

Bill-Bonner2

“Economists measure quantity. Alas, life is not all quantifiable. What really matters is quality. Right now, the Fed tries to control prices. But prices are only a part of the picture.  When it comes to art, architecture, music, puppies and women – it’s what strikes the senses that matters…what you see, hear, and feel. But when it comes to your money, what you see is not exactly what you get. Price tells you something. But it doesn’t tell you all you need to know.  Why? We’re so glad you asked…”

http://www.equitymaster.com/dailyreckoning/detail.asp?date=07/31/2013&story=10&title=Price-does-not-tell-you-all-you-need-to-know

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