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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (47725)3/26/2004 5:24:06 AM
From: Raymond Duray  Read Replies (1) of 74559
 
Re: "continued very low inflation."

What is this joker smoking? Scrap steel is fetching $300/ton. A year ago, that was the price of finished products! Copper up similarly. Crude oil up 30% YoY. Similar for Natural Gas. Medical costs, higher education, insurance, fresh fruit and vegetables, cooking oil, seafood all up double digits.

IF THIS IS VERY LOW INFLATION, I'd hate to see what plain old low inflation is going to look like.
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