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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: David Bogdanoff who wrote (22162)6/25/2006 2:46:08 PM
From: Kirk ©  Read Replies (1) of 42834
 
Inflation is defined as the loss of purchasing power, if A goes up, you get inflation unless B goes down to offset it. I've never heard of Walmart or landowners lowering prices or rents just because the price of gasoline goes up. If $30 extra a month for gasoline is easy to pay for those of us who make up the majority of the economy, then higher gas price is inflationary. I posted graphs on my site that showed CPI AND core CPI followed energy prices almost perfectly. Unfortunately, the site is having problems but ask me in a week or two and maybe it will be fixed.

the links are here investment.suite101.com
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