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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: dijaexyahoo who wrote (23832)	8/17/2006 11:44:26 PM
From: Kirk ©	Respond to of 42834

<<Do you need this direct quote from Brinker explained to you? Honey posted a full transcript on her beehive... ask her for a post number so you can read her original.>> <--I have listened to his show almost every weekend. I must have missed that one. It contradicts common sense, and it contradicts everything I have heard him say. > Ah ha! You should make it a habit to read honey's forum just for her transcripts of Brinker's monologues. Some have been quite interesting. I agree it contradicts common sense, but that is exactly what Brinker said. It is not the first time I heard him say this. I remember he said the I bonds only had 1% interest due to inflation was PROOF that higher priced oil didn't cause inflation. I pointed out on Honey's forum that the price of oil over the 6 month period used to set the I bond inflation component went up LESS than 1% so his "proof" was total nonsense. I was surprised he didn't look it up before saying something so stupid on national radio. After all, the price of oil over time is no secret. I have heard him say many times that high oil prices will have an inflationary effect on the transportation sector. He is very good at having it both ways when someone proves he is wrong... this is not one of them. He has been quite clear on more than one occasion that he feels higher priced oil is deflationary, not inflationary as his own words prove.

To: dijaexyahoo who wrote (23832)	8/17/2006 11:49:16 PM
From: Kirk ©	Respond to of 42834

The bottom is is this: Would you (and the other bashers) have believed, in 2002, that oil prices could go THIS high, for THIS long, without having more of an impact on core inflation than they have had? Be honest! What is to be "dishonest" about? This was never the issue in question. Inflation is low because we are importing cheap workers to cook for us, serve us, wash our cars, cut our lawns and serve us fries with our burgers. I remember spending $50 on a date back in 1980 for dinner and drinks. I skip the drinks now, but a decent dinner for two is still under $50 at many good places if you just have an entree each and coffee or a soda. It is also low because "productivity" means hourly workers get converted to salaries and then told to work 50 hour weeks. COmputers also allow us to do ourselves what took a staff of office support help in the past. Myself, I had no idea oil would return to $75 a barrel, but I did suspect we'd see very high inflation that was being masked by changes in the World. My solution was to buy the most expensive piece of real estate I could find, live on it for the tax benefits, and perhaps sell it someday when I want to live in something more modest. SO far, in the 12 years since I made my decision to invest this way, I've made over $1M sitting on my land... while I remember CLEARLY Brinker saying at the time he felt real estate would ONLY go up 3% a year to keep pace with inflation. I thought he was wrong, put my money were my beliefs were and the rest is history.