Won't be long before the US owns Iran's oil. One reason why the US is right next door in Iraq. To stop Iran from building nukes... If they try, the US will have to invade immediately. Piece of cake.
Since you brought it up ... This is what happens when the US has a cold (the world is the big guy). http://www.youtube.com/watch?v=yis7DTXe03M
Funny, somehow the stores from which I buy my goods do not seem to subscribe to this line of thinking. Any chance you can get the real world to actually reflect that?
In 2004, I was able to buy meals from McDonalds for a little more then $3.00. In two years, I cant seem to leave the same McDonalds without paying at least $7.00. Its no wonder why there are many companies out there reporting good earnings. Prices on everything are simply insane. A double in prices at McDonalds in two years.
excuse me, what is core inflation up, .2%? Hardly much, plus it contradics the orignal poster, so thanks for bringing it up
In looking at several foreign indexes, around 1987-88 there was a sudden and resounding crash. Im sure most of us are familiar with that crash. The indexes have not caught up to those old highs from what I can see in the charts. Now in looking at todays charts of the foreign indexes, I see very similiar patterns. What is the difference between then and now? I can already guess that earnings and other fundamentals are probably much stronger now. What opinions are out there on this issue? Thoughts?
Don't think you would find an economist out there who would agree w/ your 2.3% inflation = higher interest rate argument... The Fed follows the bond market which is pricing in a cut as early as Q1 of next year.