Julio:

> How can I argue with that logic, Sabri?  You know me personally as
> well.  You know that I have a BA in statistics, an MA in economics, a
> Ph D in international macro and finance, a bicycle, and many good
> friends.

How about this one: I beat you by one bachelors and two masters
degrees. Further, I teach debt at the graduate level, both at masters
and PhD.

But this is not the issue: why are you taking what I said in my
original post as if I tried to insult you or some such thing? I just
expressed a sincere opinion, or so I thought! If your objective in the
graph you sent is to compare the "returns" of the three instruments
there, you better make the measurements in the same measurement
system.

For example, is 70 degrees hot, cold or warm? The answer is: it
depends on whether you are using Fahrenheit, Celsius or Kelvin or
whatever. In Celsius it is pretty hot, in Fahrenheit it is warm and in
Kelvin it is freezing cold.

Any help Doyle?

Best,
Sabri
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