Bob Brinker, Moneytalk and Marketimer Message Board

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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: octavian who wrote (1752)	10/28/2007 10:29:37 PM
From: Kirk ©	of 2121

"When brinker started talking about high oil prices not causing inflation except in energy and food, you just said he was wrong. You never said "high oil prices won't cause inflation as long as the fed raises rates to 5% or so." What were rates when brinker started talking about it? I'm not sure they weren't already around 5%." You are posting nonsense and don't even recall the argument yet you say you are sure of what I said. There is a definition of people who do this but I'd get hammered for personal attacks if I point it out to you. I've said it over and over. Let me repeat it one more time. Brinker was WRONG when he said higher priced oil is not inflationary. That is the THE STATEMENT I've said from day #1. Whether or not we had inflation is immaterial because there are many other factors, such as a 5.25% fed funds rate, to counteract the inflationary effect of higher priced oil. BY DEFINITION of the CPI, higher prices for oil is higher CPI, a measure of inflation. LOOK UP CPI and see what is in it. If oil goes up and EVERYTHING else in CPI stays the same, then CPI will go up. That means higher priced oil is INFLATIONARY. It is so elementary I can't believe a thinking person with a high school education can't understand this, but..... I NEVER said we would or would not have inflation based on a single factor. It is far too complex and I am not stupid to say something that stupid. Besides, that is a side issue you are trying to spin to protect Brinker from being wrong. Stop making things up you wish I said so you could say I was wrong. I'm rather sick of it here as I tired of your multiple alias crap on 101. BTW, the Fed Funds rate was 4.0% when Brinker got on the Fed's case for raising the Fed Funds rate. He's admitted it several times that he thought they should have stopped at 4.0 to 4.5%.

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