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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (26865)1/5/2003 3:36:10 PM
From: Steve Lee  Read Replies (2) of 74559
 
No inflation!!??

Have you seen US house price levels?
Oil prices are at a two yr high.

These are two of, if not the two, major costs of living. Both at highs.

Might not conform to govt/economist definition of consumer price index, but they sure suggest that the money supply is excessive.

OK, oil price has a lot of other factors, but at the end of the day the fuel buying public is still willing to drive round in large cars with V8 engines in. Not exactly a necessity.
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