The railway also brought cheap and high-quality foreign yarns to handweavers, which increased the quantity and quality of their output.

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But the pie is growing, driven largely by smartphones, tablets, and the easy availability of high-quality, cheap titles.

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Most still see free education, free health care, cheap child care and high-quality services for pensioners as their birthright.

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Second, Kulkarni realized that in an era of cheap, high-quality digital video cameras, obsessive parents and coaches would be filming virtually every sporting event anyhow.

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Does this mean that high yield bonds are over-valued? (likely), that Treasury bonds are over-valued, since high yield bonds are priced as a spread above Treasuries? (very likely), and that high quality stocks in a universe of mostly overvalued liquid assets are relatively cheap? (likely).

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