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

To: Kirk © who wrote (23833)	8/18/2006 12:47:31 AM
From: queenleah	Respond to of 42834

Saying the World is flat might be someone's opinion, but it doesn't make them any less wrong. Same goes for dija, Brinker and anyone who says higher priced oil is not inflationary. Apples, oranges, distortions and false analogies. There's a great deal of scientific physical evidence out there that the world (if you mean Planet Earth) is indeed not flat (although the evidence says that Planet Earth is slightly flattened at both poles), and very little credible evidence that it is "flat". OTOH, you probably could find statistical evidence and multitudinous expert opinions on both sides of the question of the relationship between oil prices and inflation.

To: Kirk © who wrote (23833)	8/18/2006 7:47:57 PM
From: dijaexyahoo	Read Replies (2) \| Respond to of 42834

kirk said: <<Same goes for dija, Brinker and anyone who says higher priced oil is not inflationary.>> --Actually, I don't know if it is or not. When some of the world's greatest economists don't agree, how could I presume to know? I just believe: a) The evidence indicates brinker is correct. Oil has soared from $11 to $77, has stayed above $40 for a number of years, and yet core inflation is in the 2% range. That seems kind of like 1+1=2, to me. b) The bashers do not want to believe brinker could be right, so they twist and spin and do everything in their power to deny the obvious. One thing that makes me believe the bashers actually know they are wrong is that none of them have answered my question, to wit: Back when oil was under $30, would you have believed that it could go as high as $77, and stay above $40 or so for years, without core inflation going into the 3% range or higher? When people refuse to answer a question, it's not hard to figure out WHY they refuse to answer.