why is oil above 70 still?
Why are food prices rising fast?
These are two key indicators of inflation.
IMHO, we are in a depression, however, now with all the cheap money, your gona have oil above the 100 mark in 2011, food prices will continue to rise, while Wages fall, prices of goods like Cars, etc will fall...
Unemployment rate is still rising...we are not at 9.7%...bullshit. Numbers have been rising the last 6 calls.
The Depression should cause carter like interest rates, and mass unemployment, with big ticked items falling fast, energy prices skyrocketing along with food.
I could be wrong...but this DEPRESSION is not like our great grandfathers. This will be far longer and parts of the country will not feel it as bad as others.
Its gona be a hell of a trip...one strange trip in deed.