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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (224690)3/1/2003 7:03:38 PM
From: yard_man  Read Replies (1) of 436258
 
can you understand the logic of Comstock -- they are saying commodity inflation is not inflation (talking price inflation here -- not paper bills) -- yeah, this takes away money that could have been spent on durables, autos and bigger houses, etc. -- but houses don't count anyway and when it comes to inflation -- the kind that hurts the worst is the stuff we consume everyday -- fuel and food -- i guess they think the cost increases are temporary and will only squeeze the folks that transform the outputs --

I think that is nonsense -- they will raise prices and J2P will have to pay -- what marginal uses are going to come in enough to make a difference and can the adjustment happen fast enough? Methinks not ...
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