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Saturday, December 04, 2010

Runaway Inflation Time

Suppliers and manufacturers are sending me emails every week talking about price increases. They all blame the cost of their own supplies. Following the chain leads to raw-material refining and extraction expenses have been rising.

This is a delayed reaction since existing stocks are being depleted.

Expect everything to get a LOT more expensive. The US dollar will continue weaken in response to low interest rates, and exacerbate the problem. The Fed won't raise rates because of the stupid stock market ... damn the rest of the economy.

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