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View Diary: Wherein "Bernanke Cuts Geithner Off at the Knees" (161 comments)

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  •  Crude oil hit $147 in 2007 (3+ / 0-)
    Recommended by:
    Ed in Montana, JanL, KJG52

    now its $85.

    Natural gas is at 10 year lows.  Capacity in labor and plant space are at lows.  Engineering in the US costs less than ever.

    10-yr T-Bills yield only 2.5%.

    Don't try to throw some Beck inflation talk on me - I know better.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Sun Nov 07, 2010 at 12:04:21 AM PDT

    [ Parent ]

    •  But natural gas is projected to rise within 18 mo (2+ / 0-)
      Recommended by:
      Alumbrados, pkbarbiedoll

      and never look back.

      <div style="color: #a00000;"> Our... constitutional heritage rebels at the thought of giving government the power to control men's minds. Thurgood Marshal

      by bronte17 on Sun Nov 07, 2010 at 07:40:15 AM PST

      [ Parent ]

    •  Uhm (1+ / 0-)
      Recommended by:
      Mnemosyne

      and gold is at $1400, silver at $26+, Copper at $4, wheat and corn moving up too. Then look at wages in China!

      Inflation is coming, but it will be different this time. There will be inflation in the stuff you need (food, fuel) and not in the stuff you don't. Wages too will not go up.

      What the Fed is doing is managing a behind the scenes drop in the US standard of living. The US has been living beyond its means for 30 years and has been unwilling to adjust. Now the adjustment is coming.

      "If they can't deal with the Internet, they should shut it off." Mike Lazaridis of RIM

      by taonow on Sun Nov 07, 2010 at 08:33:26 AM PST

      [ Parent ]

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