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Old 10-04-2012, 21:19   #21
It ain't over
paynter2's Avatar
Join Date: Apr 1999
Location: upper mid-west
Posts: 8,701

Originally Posted by SPIN2010 View Post
Tires = Oil and oil has been going up (for quite a while now), seems pretty straight forward.
I wish I could remember the quote from a Saudi Sheik regarding oil and dollars. I also wish i could remember the guys name. He stated it during the '70s oil crisis. It went something like this...

"We need more of your dollars for our oil. Your dollar is not worth so much any more".

Not much else to say. Except maybe that the FED says inflation is currently at ~2%. I wonder where Helicopter Ben shops?

IIRC, thinks 'price' inflation is closer to 11%. They calculate such things as they were calculated 20 years ago. Now why would the Gov change their calc methods?
"Power always has to be kept in check; power exercised in secret, especially under the cloak of national security, is doubly dangerous." ...William Proxmire, US senator, reformer (1915-2005)
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