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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: dijaexyahoo who wrote (23786)8/17/2006 12:32:07 AM
From: Kirk ©  Read Replies (3) of 42834
 
I DID recently point out that we got a benign inflation report today, for the second straight day. That seems quite significant to me, in light of the fact the bashers have been ridiculing brinker for some time for his belief that high oil prices would not have a significant effect on core inflation.

Your reporting skills are rusty... or you are spinning like a top to change what Brinker has said about inflation. Where did you get this extra spin "not have a significant effect?" He was quite clear saying "higher priced oil DOES NOT CAUSE INFLATION." He's wrong. Your spinning for him is all the proof we need.... but I'll continue.

Core inflation came in at 2.7%, well above what is considered benign. If it wasn't for the price of oil being stable or even falling a bit, it could be much worse.

Brinker is dead wrong about inflation. It has been higher than the Fed wants and it is due to higher oil prices as this clearly shows. Brinker has been WRONG because he says higher priced oil doesn't cause inflation. This graph PROVES he is wrong. There is a DIRECT LINK.



I can't see how anyone can look at that data and say higher CPI is not partially due to higher oil prices. Brinker has been dead wrong on this.

If you say pretty please, I bet Honey will tell you what post number has the transcript of Brinker's exact words over at her Bob Brinker Beehive Buzz where he told "millions of listeners" how much smarter he is than the Fed chairman.
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