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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Rainy_Day_Woman who wrote (52104)5/13/2004 10:50:53 AM
From: Oral Roberts  Read Replies (1) | Respond to of 57110
 
It is pretty incredible though I am happy that our dairy farmers are at long last making some money. I'll pay 4 bucks a gallon if they can stay over 20 a hundred weight.



To: Rainy_Day_Woman who wrote (52104)5/13/2004 11:15:07 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 57110
 
housing, food and gas prices are going through the roof

actually the rental market is quite weak...(except in areas like LA) which is what the fed uses (not home ownership) in their inflation rate calculations

the current spike in commodities will only matter to the fed if the price increases bleed through onto the CPI...that's why the bond market tanked on the last 2 job reports...up until then there was no job creation, and no job creation limits pricing power (at least on finished goods)

at this point, i'm not convinced the recovery has enough traction to continue to create jobs (and there's plenty of debate on the quality of those numbers as well)

and as oral said, sustained higher oil prices will negate the loose monetary and fiscal policy that ostensibly avoided the double dip recession.

just like an individual consumer on shaky financial footing postpones bankruptcy or at best severe spending restructuring by excessive use of credit

OR

you can believe the great reflation experiment succeeded...

a diving catch from the feds!

woohoo!