Any y’all transferin’ in … just hook up with up with me… Joe… er tha Rat…
We’ll have yahh speakin’ tha Queens English in no time flat!
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Hey… Freedom… member that “crude commodities bubble deflation†you denied would happen?... Read tha paper lately?
GITCHA SUM !
I remember , and it appears what “popped†the bubble was the economy collapsing….. either way with gas still over 3.50 the US economy is just getting hammered to death … things are not getting better but worse …. Sure some say that the housing situation is starting to stabilize ,I say their smoking crack …. I don’t care what the numbers for July show … I can FEEL the housing market still falling …
Inflation is starting to tick up … thank god we’re in a union and are going to get a 2% inflation edge in January …I only wish we had pushed for 3% ….last Fridays WSJ had an interesting article on inflation here in the us and in Europe …. Over in the old country it looks like they could start suffering from wage increase/inflation spirals because a lot of the workers have clauses that peg their wages to inflation .. As for the US the article said that there’s almost no wage growth here due to workers not having any barging power , aka no unions , did you know in the US unions only comprise a total of 12% of the working population … so anyone not in a union is really going to suffer over the next few years ..(ha ha! )
I believe that we will see commodity prices tick up slightly again after awhile but not to the extent of before , that is of course assuming that the economy it‘s self ticks back up , think of it like the LIMBO bar , how low can you go …. The world economy knocked the bar off and got hurt … now the bar has been set a little lower and we’re going to try and see how low we can go again …or something like that (hard to explain )
Did you know that gold has dropped from it’s all time high of 1000 something in july to around 800 something this month …. The US treasury actually halted it’s sale of us gold bullion because in the month of august SOOOO many people rushed to buy the coin …. That’s very strange , it actually made the news (WSJ ) you should check out the webcite mentioned in the article www.goldismoney.info interesting website …
In up coming news , I wouldn’t be surprised to see one of the MAC’s getting nationalized within the next 30 day s…that’s going to be a whole new can of worms when that $%^& hit’s the fan …