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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (39736)8/25/2005 2:08:50 PM
From: Jim Fleming  Read Replies (1) | Respond to of 110194
 
GST re oil inflation

Oil prices are inflationary if the cost can be passed on, otherwise deflationary. Without wage inflation, no pass on power, therefore no inflation.

Jim



To: GST who wrote (39736)8/25/2005 2:14:41 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
By now it should be readily apparent that a lot of people on this board do not think what I said was silly. So not only is there a question about it, there is in fact outright disagreement of your statement "Oil prices are in themselves inflationary -- about that there is no question."

Mish


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