Bob Brinker: Market Savant & Radio Host Message Board

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

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To: Kirk © who wrote (23833)	8/18/2006 7:47:57 PM
From: dijaexyahoo	Read Replies (2) of 42834

kirk said: <<Same goes for dija, Brinker and anyone who says higher priced oil is not inflationary.>> --Actually, I don't know if it is or not. When some of the world's greatest economists don't agree, how could I presume to know? I just believe: a) The evidence indicates brinker is correct. Oil has soared from $11 to $77, has stayed above $40 for a number of years, and yet core inflation is in the 2% range. That seems kind of like 1+1=2, to me. b) The bashers do not want to believe brinker could be right, so they twist and spin and do everything in their power to deny the obvious. One thing that makes me believe the bashers actually know they are wrong is that none of them have answered my question, to wit: Back when oil was under $30, would you have believed that it could go as high as $77, and stay above $40 or so for years, without core inflation going into the 3% range or higher? When people refuse to answer a question, it's not hard to figure out WHY they refuse to answer.

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