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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer
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To: octavian who wrote (1693)10/22/2007 8:37:59 PM
From: Kirk © of 2121
 
Stop spinning. You are wrong.

I said "high oil prices are inflationary."

You said I said "higher priced oil would cause inflation."

I was right.

You misrepresented the truth or don't understand simple English.

Inflationary means higher oil prices WOULD cause inflation IF other actions are not taken such as raising the Fed Funds rate above 4.0% where Brinker wanted it.

I said Brinker was wrong and the FED was right to raise the fed funds rate to 5.25%.

Brinker's guest with the Nobel prize in economics said the same thing.

Oil prices are part of the CPI... that means CPI goes up when oil goes up and all the others stay the same... Higher CPI is the MEASURE of "inflation." No amount of spin by Brinker or his head lackey can change simple definitions. The Fed raised rates so other parts of the CPI index went down... to offset the inflationary effect of oil on CPI.
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