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


To: russwinter who wrote (75721)12/15/2006 11:45:36 AM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
I don't see your point, both price, credit and monetary inflation is in a raging high trajectory, and has been for some time. Now the Wizards are playing games with it, which threatens another reacceleration of both.

Prices most assuredly are NOT raging in a high trajectory.
Do you see a high trajectory here?

futuresource.com
futuresource.com

How about crude?
futuresource.com

At prices at Walmart?
On prices of houses?
At prices at Costco?
At prices at restaurants?

What you do see is an extremely high trajectory on financial speculation that is no longer providing ANY benefit to the average joe. Total pure financial speculation.

It is convenient to point to copper prices year over year while ignoring the dramatic downturn in the last 6 months. It is the same game Dave Lereah played until finally home prices were down yoy. The same thing happened in crude. Down 20% or nearly so from the highs.

Here's another great chart.
Let's look at lumber
futuresource.com

Now can we knock off the nonsense about this supposed high price trajectory? It is not supported by the facts.

Mish