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In a recession, it's hard to remember that everything is relative.
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Now, of course, everything is relative, and my test car is a 2.0-liter, front-drive compact with an automatic transmission on all-season meats, so it's not remotely a sports car.
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Does that mean everything is relative?
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After some adjustments (and I may be underestimating some of them), US net imports could fall to 4-5 mm bpd, a level which can be met by imports from countries with historically reliable economic and political linkages to the US (everything is relative).
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But everything is relative.
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Nothing fancy here: If the price of something goes up, the BLS simply makes it count for less in the CPI relative to everything else.
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With small domestic markets, backward technology and inadequate capital, third-world countries have everything to gain from ending their relative isolation and developing close economic ties with the rest of the world.
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Given the transparency of the marketplace, not to mention the tumultuous dynamics of the marketplace over these past few years, consumers are now placing increasing demands on companies relative to their behavior regarding everything from social and environmental responsibility to the treatment of those who work for them.
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To sign up, you take a personality test that Fisher designed, which asks you questions about everything from feelings about following rules to your understanding of complex machinery and the length of your ring finger, relative to your index finger.
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