Friday, 02 November 2007
About that "potential" inflation
Howard:
Big Picture:
Stagflationary Mark:
The price for regular gas at the station down the block jumped 15¢– that's 5%– yesterday.
Earlier: Economic malaise and shooting yourself in the foot
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Howard:
Among the corporations warning of lower profits due exclusively to commodity inflation include: P&G, Kraft Foods (already raised cheese prices 7% this year), the costs of almost all public transportation are about to be raised more than at any time in history, costs of all major construction projects to soar as a result of high diesel fuel costs, business travel costs soar too.
Big Picture:
Gee, who woulda thought that cutting rates yet again would spark another round of dollar weakness AND commodity inflation?
Stagflationary Mark:
The new I-Bond rate was released today. The (real) rate dropped from 1.3% to 1.2% (it is set every six months). I once again ask, if we are so prosperous right now then how come we're not seeing it ...?
Real yields seem to have peaked, again.
The Great Depression saw real yields go up as people hoarded dollars as prices fell. The 1970s saw real yields go down as people hoarded goods as prices rose.
The price for regular gas at the station down the block jumped 15¢– that's 5%– yesterday.
Earlier: Economic malaise and shooting yourself in the foot
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