Things that make you go “hmmmm!”

As I was doing the rounds of the blogs today, I came across a comment by Mike Shedlock that resonated with me because it had been a while I meant to write something about purchasing power.

Mike astutely notes: “Who (besides the Fed and seriously misguided economists) does not like falling prices?
Read more at http://globaleconomicanalysis.blogspot.com/2012/09/can-fed-fight-droids-and-win-apples.html

As that comment was pinging around my head, I happened to look at a set of charts I had not consulted in quite some time…. and I came across this chart of crude prices… my charts available here:

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One Response to “Things that make you go “hmmmm!””

  1. Patrick Donnelly Says:

    Except that current government, kleptocracy style, policy is to pump “money” into banks who then invest in commodities, pushing up what the ignorant call inflation, but is actually the cost of living. This also delays general price deflation, which is good.

    Perhaps some yearn for blood letting?

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