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Politics : Welcome to Slider's Dugout

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To: DBain who wrote (2466)	9/25/2006 10:30:10 AM
From: RonMerks	Read Replies (1) of 50729

Stagflation? Wage and Income spike from COLA fixed income and huge union wage contracts caused the 'flation' portion of stagflation in the 70's. I was a bug in the middle of that and I bet you weren't even born yet. Today's environment has NOTHING to do with the 1970's. Jobs and wages are under deflationary pressure in America. Auto loans were 21% and mortgages were 16% then. Ford is running 0% for 60 months on new cars right now and you can get a mortgage for under 6% today. The Housing bubble will drag the economy, but 75% of fly over country never participated in any housing bubble. There is no one who hopes gold and silver goes up further, or faster than me. But, I've been through too many cycles to be a mindless cheerleader and I don't have the legs for it any more anyway. This has been clear speculation. How many 10:1 leveraged hedge fund collapses where they bet the farm on commodities do you need to see before that sinks in? Look at Oil and Natural gas! Anyone who says natural gas was not a speculative bubble is a damn idiot. It is what it is. Ron

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