Consumer Products Price Tracker (Inflation, Deflation) Message Board

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Pastimes : Consumer Products Price Tracker (Inflation, Deflation)

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To: grusum who wrote (4)	2/9/2004 5:47:26 PM
From: mishedlo	Read Replies (1) of 6

The other problem I have with the idea is what I keep asking Russ and never get a good answer to. Just what does FED interest rates have to do with Tuna, lettuce, chicken beef, and oil? I admit they are MARGINALLY related but mad cow, rain in argentina, rain on the plains in the US, and demand from China all play a part too. ME politicas and instability in Iraq and Saudi Arabia also affect the price of oil. So does demand from China. We have an enormously interelated world and the answer to every frigging problem on the planet is 100% guaranteed NOT a hike in US interest rates. We need to spend less period. We need to cut back on repos and coupon passes. At the same time, money at low rates needs to be abvailable for creditworthy customers or we have totally blown it. The answer in the end is a lower standard of living in the US. No one in control has been willing to admit that. Deflation is inevitable, but there will be bumps on the road as well as distortions on the way as those in power try to fight it. We also have the China/India affect and US interest rates are not gonna stop job exportation IMO even if we hiked to 10%. Mish

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