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

To: NOW who wrote (72531)	12/18/2007 7:00:33 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 116555

The median prices of houses may have dropped. So what? That is deflation of just one asset class. Even those who expect hyperinflation say that house prices will continue to decline or will stay where they are, once the grip of hyperinflation becomes strong enough. (The Fed attempts to prevent house prices from falling would what actually cause the inflation in the first place). Oil - has gone up about 50% in the last one year. How about the metals? Copper is up more than 100% in 2 years and up 30% this year. Zinc is up about 25% in 2 years Nickel is up about 100% in 2 years Lead is up about 100% in 2 years Aluminum is up about 15% in 2 years And yeah, btw, there is no inflation anywhere! ROTFLMAO