Subject: Re: o/t, I have been touting ADX and CET
Elann,

I'm always willing to learn. Can you share your math/reasoning? What is being "double counted?"

I'll give another example. Let's say that on 1/1 you loan me $100 and we agree to a 10% interest rate with the interest being paid immediately and that I have to pay you back by 12/31. Do we agree that your return/yield on your $100 is 10%?

Time goes by and it is 12/31 and I don't have the $100 to pay you. You're flexible. You say OK how about if we extend the loan 1 year but you have to pay me $12 this time and can pay me back the $100 on 12/31 of next year.

What is your return/yield on your $100 in year 2? I could be wrong but I would say that it is 12%. Are you going to tell me that it is still 10%?