Inflation Watch
Yesterday, based on easy Ben the inflation dove's JEC testimony, I noted that:
"I think Gold -- and most of the commodities -- just got a whole lot sexier . . ."
That didn't take long: Gold miners are up 4% today, Gold (the metal) is up $18, and the Silver ETF (SLV) is up nearly 5%.
On K&C yesterday, Larry suggested that Gold's modest pullback was a sign there was no inflation. I disagree.
I guess you can say my views remain the same: except for all various items going up in price (oil, food, industrial metals, housing, medical, education, insurance, precious metals, wood, building supplies) there is no inflation.
The market is speaking loudly on the same subject today . . .
Friday, April 28, 2006 | 12:07 PM | Permalink
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» Commodity price inflation from Econbrowser
Commodity markets have been a little too exciting recently for my quiet tastes.
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Tracked on May 16, 2006 6:03:09 PM
Comments
Around where I live, gas stations update their prices upwards pretty much on a daily basis, a few cents each time.
Posted by: cm | Apr 28, 2006 12:20:45 PM
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