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

To: shres who wrote (23857)	8/18/2006 7:14:03 PM
From: fahrenheit451	Read Replies (1) \| Respond to of 42834

shres >>Oil price increases in the past few years, unlike in the 1970s, have not fed through to any great extent into longer-term inflation expectations and core inflation, as the public has shown confidence that any increases in inflation will be temporary and that, in the long run, inflation will remain low..." Remarks by Chairman Ben S. Bernanke February 24, 2006 Thanks for posting that. The first sentence blows Brinker's position right out of the water. Obe one is saying that high oil prices were not anti-inflationary back in the 1970's. Indeed he felt they passed through to core inflation. More proof that Bob Brinker isn't the expert economist he claims to be.