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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3833)8/3/2002 2:39:18 PM
From: habitrail  Read Replies (1) | Respond to of 89467
 
JW, my "bookflation" index has CPI increasing even recently. I personally see prices increasing further as vendors try to stay afloat by raising prices. As consumers get more tightfisted, _maybe_ mainstream products will start coming down, but the prices of "luxury goods" like technical books will skyrocket as they go out of print. Anything that's not dirt-cheap to make or can't be sold to 100% of the population will be discontinued.



To: Jim Willie CB who wrote (3833)8/3/2002 9:09:37 PM
From: sylvester80  Read Replies (2) | Respond to of 89467
 
Higher CPI readings will force the Federal Reserve to raise interest rates.

For now, rates are going down. And as long as inflation is non-existent so will be gold. In order gold to perform needs inflation. No inflation, no reason for gold to rise. JMHO.


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