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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Bid Buster who wrote (329428)12/8/2006 11:34:32 AM
From: Real Man  Read Replies (1) of 436258
 
I agree, oil is up from $10 ($20 or so average in the 90-s) in
98 to where it is now, commodities and gold are up a lot as well,
so more inflation could appear in the data soon. Oil does not
make everything, though. I'm quoting Williams, who calculates
it from a basket of goods without hedonics, just as CPI supposed
to be calculated. Yes, it is up. Hyperinflation is 30% a day or
so. The currency adds many zeroes over time -g-/-ng-. This
outcome is a possibility, but it does not seem to be a near-term
possibility. -g-
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