From: "Robert Comer" 

> I'm not saying there is no inflation, we are into inflation in spades.
> What
> I'm saying is that if gas prices had remained low and instead the fed had
> to
> control inflation via interest rates, we would be in way way worse shape
> right now.

I don't know, it's hard to tell.  if that's true it may backfire on them of
oil goes up more.

> Most of the inflation you see is the result of china coming online.

A lot of our current problems are because of China coming online, but the
seeds for that were sown years ago by our ownselves.

>It's not
> being caused by an overheating us economy.

I agree with that 200%, there is no overheating economy, if anything, the
economy has continued to contract except for a few sectors.

>This is a huge point and a major
> difference from the last time we saw serious inflation.

Agreed.  That's what I feel so worried about this one.

--
Bob Comer


"Geo"  wrote in message
news:448b0f7f$4{at}w3.nls.net...
> "Robert Comer" 
wrote in message
> news:44883512$1{at}w3.nls.net...
>> > Not as much inflation as you might think.
>>
>> And maybe not as little as you think.  I know it's pretty substantial
> where
>> I work...  (we're a low margin industry, so any change is significant,
>> but
>> this is more than just a fluctuation type change)
>>
>> Why do you think the stock market has went down so much this week --
> reports
>> on inflation coupled with cooling of the economy, not a good combination.
>
> I'm not saying there is no inflation, we are into inflation in spades.
> What
> I'm saying is that if gas prices had remained low and instead the fed had
> to
> control inflation via interest rates, we would be in way way worse shape
> right now.
>
> Most of the inflation you see is the result of china coming online. It's
> not
> being caused by an overheating us economy. This is a huge point and a
> major
> difference from the last time we saw serious inflation.
>
> Geo.
>
>

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