tag:blogger.com,1999:blog-6616959642391988608.post7366922175758831964..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: A new high for metalsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-27042434629978988802011-04-12T09:17:17.580-07:002011-04-12T09:17:17.580-07:00Mark Perry has another post that cites a Federal R...Mark Perry has another post that cites a Federal Rserve Bank of Chicgo paper. The paper concludes <br /><br />Conclusion<br />"The modest dependence of policy<br />on energy and other commodity prices implied by our analysis is<br />not surprising. The shares of firm<br />costs accounted for by energy and<br />commodities are not large and,<br />in fact, have fallen over time.<br />MoreoverBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-2624236052349697382011-04-11T18:05:58.578-07:002011-04-11T18:05:58.578-07:00Re inflation/deflation: Mark makes good points--so...Re inflation/deflation: Mark makes good points--some prices are indeed falling. I don't think that rules out inflation, however. In a 5% inflation world I imagine there would always be some prices declining. But boost inflation high enough and all prices, or nearly all, should be rising. <br /><br />I think that gold, commodities and the dollar--if reinforced by a very weak currency and a Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87329110434784270012011-04-11T17:54:59.001-07:002011-04-11T17:54:59.001-07:00Inflation or deflation never hits everything evenl...Inflation or deflation never hits everything evenly. It always trickles thru different items at different times. <br /><br />Since 2000/2001, how does anyone explain "inflation" in the price of gold? Better yet, how about the price of silver?Lorihttps://www.blogger.com/profile/01438039963046848511noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-29917902543179839362011-04-11T09:29:16.122-07:002011-04-11T09:29:16.122-07:00Scott,
I am interested in your response to Mark P...Scott,<br /><br />I am interested in your response to Mark Perry's post on inflationary pressures today re: housing and wage deflation. If, as you have said in previous posts, we can't have deflation if some prices are going up (ie deflation means all prices are falling), how then can we have inflation if some prices are falling? Doesn't your logic on deflation apply to inflation?Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5307385280889984882011-04-11T09:09:59.293-07:002011-04-11T09:09:59.293-07:00Mark Perry had an interesting post recently re inf...Mark Perry had an interesting post recently re inflation. He pointed out that wages are soft, eggs are down, natural gas is down, housing is down--in other words, the basics for a general inflation are not in place. There are offets to headline inflation in oil and some commodities.<br /><br />This suggests if we fight the current "inflation" with tight monetary policy, we will slip Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com