Feeds:
Posts
Comments

Archive for March 15th, 2008

Inflation???

Recently, I have been seeing substantial evidence that we are entering an inflationary period and that official estimates of inflation are grossly understated. For example, just look at a selection of today’s news articles: Inflation Alert http://online.wsj.com/article/SB120511152715823437.html?mod=opinion_main_commentaries Surging Costs of Groceries Hit Home http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/ Gas Prices Near Records, Following Oil http://biz.yahoo.com/ap/080310/oil_prices.html?.v=38 As of today, oil approaches $108/barrel and one Euro buys $1.54. Feels like inflation to me.

Read Full Post »