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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (9243)	4/16/2008 10:17:56 AM
From: crdesign	Respond to of 50747

Slider, I expect Inflation will show it's ugly head within 60 days: ie Summer Vacation. We held off on our annual trip to Nantucket for the Daffodil Festival this month in order to treat ourselves to some 'really sweet' polished nickle plated lamps, towel bars & faucets in our bath (On Sale) from Rest. Hardware. In the recent past years, we would have done both; home improvement & trip. Now it's one or the other... We need to continue & maintain our saving 15% for retirement 20yrs down the road. That cannot stop. So what did we cut first? Fuel consuming, toll munching, '$8 BK hamburgers on the turnpike' trips. Tim

To: SliderOnTheBlack who wrote (9243)	4/16/2008 11:53:23 AM
From: RonMerks	Read Replies (1) \| Respond to of 50747

A new buzzword and a new rally? Good timing. I think everyone <me included> was waiting for oil to correct, but it refuses to do so. The media is pounding the food inflation story and I think Kudlow had a piece where import price inflation in the US is now + 18% year over year. I think you are 100% correct that FINALLY not just the average joe six pack, but also the traders and the media have crossed the rubicon- and are ignoring the phony baloney government stats on inflation from the cpi and ppi. All these 'teen%' increase will start to get peoples attention-+ 18% rise in import prices, + 20% on food etc. For those of us old enough to remember double digit inflation,- we know that stagflation and the helicopter drop cant be too far away, because just as you said- there is no Paul Volcker at the Fed today. Just Blinky Ben, the helicopter drop man. Great chart on gold stocks. The HUI just crossed over the 50 dma and we've taken out the resistance of the past 2 bounce rally tops on those 420 bottoms. Nice MACD upturn too! I looks like we may be starting the next up leg on the inflation trade. Oil wouldn't break, ag names flying, and now gold and silver rallying back STRONG! So much for all the BS talk on SI about DEFLATION. My only worry, is can gold, silver and mining stocks go to new highs- if the DOW tanks another 10-15%? It did during the stagflation of the late 70s and early 80s. But, it seems like gold actually does better today- in a rising market where all boats get floated? Ron