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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (390)	2/21/2004 10:32:30 PM
From: ild	Read Replies (2) \| Respond to of 116555

<<<Makes me want to sell my house and rent for a year or two.>>> You think that RE deflation will take just two years? I'd think 5-10 years.

To: TH who wrote (390)	2/22/2004 1:55:17 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 116555

api-ec.api.org hi thurston.. Can anyone dispute that energy costs have risen according to the american petroleum institute, using inflation adjusted dollars, the cost of fuel has been in a steady decline since the 1920's ...even considering the recent upturn in oil prices over the past 6 months....the "local high" (if you want to refer to 20 years as "local" ) was in 1981 was $2.74.. so i think to answer the question... in a word, yes one can readily dispute that energy costs have risen over the long term.. and as the report documents, the cost of the crude itself has fallen, only the taxes have increased