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

To: SouthFloridaGuy who wrote (67923)	8/10/2006 12:54:08 PM
From: mishedlo	Read Replies (3) \| Respond to of 110194

Please be serious. Your example of Zimbabwe is absurd. You are nitpicking over a general idea with Zimbabwe. Prices of nearly everything soars in hyperinflation and government printing presses are the root cause. I have clarified my stance on oil a thousand times but it looks like I have to do it 1001 times. Oil is in general governed by peak oil and geopolitical factors. Those factors have nothing to do with inflation nor are they a cause of inflation. If oil rose to $300 tomorrow on a supply disruption that would neither be a result of inflation or a cause of it, unlike what the masses think. It is impossible to tell why any prices are going up, and it is also impossible to adequately define a representative basket of goods and services to measure in the first place. That is why fixation on prices is wrong. Furthermore price measurements like the CPI can be manipulated for government benefit at the expense of citizens. There is no doubt this is going on. If anyone can quantify the amount that oil has risen because of govt printing please do so. But I also expect that person to explain how oil fell to $10 with massive govt printing in the 90's. In short, it can't be done and nor does it make any sense to try. People ignore falling housing prices and falling oil prices when it is convenient for them to do so, then bitch and call it inflation every time something goes up in price. ================================================ The problem is that is a damn lot of typing when I believe people know damn well what my position is. That is also the three paragraph summary as I have written far more about oil and prices and the CPI in my blogs. So the next time I say Oil has nothing to do with inflation, please substitute those paragraphs above (instead of making me type all this out every time). Mish