
Originally Posted by
desslock
Well I'll comment on your original message. My first question is why are you obsessed with gasoline? I would suggest that you pull back a wee bit. The fact is that ALL commodities cost a lot mo' money now.
Look at the price of an ounce of gold. Yahoo shows it at around $663 an ounce. Five years ago, the same lump of metal cost around $300. Same with gas - a barrel today costs lots more than five years ago.
All commodities cost a lot more today.
Simply put, prices of things are information.
Using that information, my conclusion is that inflation is a potential problem. That's probably the biggest problem now with the economy. That would mean there's too much money floating around out there, and unfortunately I'm not sure that the FED will respond by slurping money out of the money supply.
But you do have you finger on a good point --- prices of oil and gas are telling us something.
Steve
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