RE:RE:RE:Harbinger?Everything is weakening against the almighty US dollar, including oil yesterday. Once again the US is pricing itself out of the global marketplace. This will show up in the stats eventually.
The Crescat boys have made the comment many times over that the cure for inflation is to flood the market with commodities. That isn't happening at the moment, especially, in the mining industry. All of this $90 oil is going to hurt the global econmomy real bad. Inflation isn't going away any time soon.
I lived through the 70s. My first mortgage was at 12%. It can get a whole lot worse from here.