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

To: dijaexyahoo who wrote (23887)	8/19/2006 12:58:01 AM
From: Kirk ©	Respond to of 42834

You are making things up that Brinker didn't say or we are not disputing. I never said overall inflation has been lower than many suspected. Why do you keep bringing up this non issue? Here is what he said... word for word: Well we now have the PROOF IN HAND that what we said on this program was 100% correct! And we have the PROOF IN HAND that those who said rising oil prices would cause inflation problems. We have the PROOF now that they were wrong, they were completely wrong. And the PROOF will come out tomorrow when the Treasury issues the new inflation portion of the I-Bond return, and you are going to see it tomorrow and then you are going to know the I WAS RIGHT about this. We can’t be right all the time, but on this one, we hit it dead-center. Because we said on this program that inflation was not an issue, especially with oil prices going through the roof. Full transcript here investment.suite101.com The price of oil went up LESS than the price of inflation for the period used to set the last Ibond rate yet Brinker cliamed it was "proof" he was right that higher priced oil was not inflationary! The major move in oil prices were the prior six months, post Katrina, and we saw a huge rise in CPI (the official measure of inflation.) Look up the bloody data if you don't believe me! Tell me how oil going up LESS than the CPI over that six month period is proof of anything? If anything, it proves that when oil prices are flat that CPI only goes up about 1% every six months. Don't make up new issues that are not being discussed. BTW, the Fed considers "inflation a problem" when the core CPI is above 2.0%. I think it was 2.7% last I looked which is "a problem."

To: dijaexyahoo who wrote (23887)	8/19/2006 9:57:52 AM
From: fahrenheit451	Read Replies (1) \| Respond to of 42834

Dija >>I don't know if Muhlenkamp is an economist, but he DOES have an excellent record as a mutual fund manager, so he must know something! If you saw the current issue of Barron's, they listed 18 funds that have beaten Bill Miller's fund over the past 15 years, and Muhlenkamp's fund is one of them! So is your Fidelity Low-Priced Stock fund. In agree with you that Ron Muhlenkamp is a true Wall Street professional. He is not an economist. Actually he is an engineer like Kirk. It looks like we have one engineer who thinks high oil prices are inflationary and one who does not. Here is Muhlenkamp's biography. annonline.com Unlike Brinker's it gives specifics.