Ice and GM,
The PPI (producer price index) being down the last 6 months is in all the papers, isn't it? Yes, I just found at least one place. In IBD 24 Jul 97, on Page B1, in the article entitled, "Perspective, Fighting the Last War". Here is the little para, "The producer price index, one of the best official inflation gauges, has fallen for six straight months -- which shows deflation is a real risk. Gold prices have also tumbled since the start of last year, falling from a high of about $410 an ounce to $325 on Monday."
But, I really haven't noticed any reduced prices on things I buy?! And I'm virtually positive Real Estate in this area (Dallas/Ft. Worth) is appreciating about 6-8%/year, but the economy is really healthy here. Your thoughts? Are you seeing lower prices?
Thanks, Teri |
