SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: octavian who wrote (1700)10/22/2007 11:21:57 PM
From: Kirk © of 2121
 
I never dreamed that oil could go into the 80s, and stay there, and that inflation could stay at 2%.

Inflation did not "stay at 2%."

Inflation went to 2.9% and that was with the Fed raising the Fed Funds rate from 4.0% to 5.25% to slow economic growth and counter the inflationary effect of higher priced oil.

Brinker was wrong. If they had not raised rates from 4.0% when he started getting on the Fed's case about it, then Inflation would not have peaked at 2.9% and fallen to 1.8% or so now. It could have gone into an inflationary price spiral just like we had in the 1970's. You should read Bernanke's speeches. He explains it all far better than I can.

Things are booming here. Housing prices are way up, jobs are plentiful and apartment rents are up about 10% on units without rent control from what I gather. I hear it is much the same in NYC, Seattle and other places where housing was already very expensive and job creation is booming. I'd hate to see how high inflation would have been here had the Feds not pulled the plug on the housing bubble.

I think the Fed did a masterful job and Brinker is spinning like a top to distance himself from his silly comments just like he distances himself from his saying the secular bear market that never was ended.

When it has suited him, Brinker has referred to "inflation approaching 3%" as "high inflation." When it doesn't suit him, such as in this instance, he spins like a top.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News