The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: sciAticA errAticA who wrote (54456)	2/22/2006 10:20:15 AM
From: GraceZ	Read Replies (2) of 110194

Gold in $ terms is at a 25 year high. Oil and Natural Gas, although having eased down from record levels still trade at many multiples of their old 1983-1999 averages. Other commodities from steel to coal to copper are also far above what used to be considered normal prices. Yet, the "low inflation" propaganda holds sway. Why, why, why do people use commodity prices in order to support an argument that inflation is higher than the official view? Almost none of these people would have argued we had zero or negative inflation during the 20 year bear market in commodity prices yet they want to use them now that they are in a bull. The reason commodities are rising has a lot to do with the fact that the 20 year bear destroyed capital investment in the sector.

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