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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (70759)11/1/2007 2:28:11 AM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
No - Of course not
Then again the price of oil has little or nothing to do with inflation (at least in any measurable sense)
If you can tell me to what extent oil is rising because of the Fed printing then I can tell you what % is due to inflation.

Bear in mind that peak oil and the printing of other countries also factor into the debate.

Thus it is insanity to discuss oil prices in terms of inflation.
The only thing that not insanity is to discuss the one F*ing thing the Fed does not discuss: increase in money supply and credit in the US.

We have a monetary policy that discusses everything under the sun but money.

Mish



To: Tommaso who wrote (70759)11/1/2007 10:15:30 AM
From: Bonefish  Read Replies (1) | Respond to of 116555
 
The thesis of deflation has apparently been debunked, over and over again. Like Deja Vu. <G>
Ber-spanky knows he's run out of favors for his wall street gluttonboys and for Real Estate. He knows he's got to raise rates. He's not a happy camper.