Prepare yourself for some serious price inflation. If "liquidity" is provided to global markets in any size, the price inflation ramification will be huge (not to mention that Bernanke is already printing at over 15% plus)
For the record, the Dow Industrial Average is up today over 400 points to 11,969. Gold is at $1,748 up $29.50. Oil has, again, broken the $100 price mark and is trading at $100.60 a barrel. Copper is up 5.5% to $3.58 per pound (hang on to your nickels which are made up of 80% copper)and silver is at $32.75 an ounce, up 2.5%.
The above price points are the starting point, when the price inflation really heats up these prices will only be fond memories.
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These prices including oil and gasoline along with food prices are all up because of basic economic principles. The principles of supply and demand.
ReplyDeleteBecause so many people are happily employed, working full time, with no fears for their family's safety or future, folks are spending money! Americans have plenty of money and they are spending like "there is no tomorrow" so to speak.
It is normal to see prices inflate as the demand for goods like gasoline continue to grow. Because everyone who wants a good job has one . . . there is a lot of demand for gasoline, clothes, food, etc.
6:01 PM: What are you smoking?
ReplyDeleteThe unemployement rate is the worst since the great depression.
Most people I know work 2-3 jobs and are just hanging on.
If Obama throws us in a war with IRAN you will see oil prices double and civil unrest; which is plenty scarey.
Obama and his buddies just did pass HB 1867 which gives them the authority to lock up any US citizen; probably will not be a 2012 election.
So what are you smoking 6:01pm?