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Vindication comes in the PPI ... albeit grudgingly if you listen to the
talking heads on squawk box. One went so far as to say that there is no way
that higher energy costs are transmitted through the rest of the economy and
Haines informed us that if you take out food and energy, the PPI is up only
0.5%. Perhaps the government will discern some "quality improvements" in
food and energy so that those increased costs will be adjusted out of the
inflation numbers. A couple of weeks ago I read an article indicating that
high natural gas costs has severely curtailed the production of fertilizer
... look for the fall harvest of grains (particularly corn which uses 3x the
fertilizer of beans) to go higher and that Big Mac to cost more (unless of
course McDonalds's can find quality improvement in the cattle which eat the
grain for feed). And, yes all those health related stocks are going up
because of improved pricing power which those of us who pay for our own
insurance are seeing in much higher premiums.
Earl
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 14, 2001 8:08 PM
Subject: [RT] Inflation
> The government still says there is little or no inflation. Here are
> some facts that boggle the mind. Housing prices in our area are up 26%
> this year. A 1/2 pound hamburger in a regular restaurant is now $8.50
> to $11.00. I agree a Big Mac and a whopper are still 99 cents. A plate
> of pasta runs about $13.00, a little extra if it has a meat or clam
> sauce. I am now paying $1.85 for a gallon of gas, down from $2.10.
> Remember when everyone was screaming about gas at $1.00 a gallon. A
> liter of a soft drink that used to be on sale for 79 cents is now on
> sale for 99 cents. My utility bill 2 months ago was $85, last months
> bill was $385. The topper is that a party that I know was in an
> automobile accident and spent 40 days in the hospital. Cost $529,000,
> and that didn't include any doctors cost. Now I know why my health
> insurance went up by 30%. But fortunately no one eats, drives or needs
> medical care or a roof over their head so there really couldn't be any
> inflation because gold is still under $300 per ounce. Just some things
> to think about. Ira.
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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