Re: Inflation?
Always gonna be some inflation. The economy overall is getting hit with more bad news than good..
but there are a few things like cell phone bills, that thank god have gotten cheaper, and cable internet etc..
and now with House Phone service switching over to working over the internet,.. its getting cheaper too.
OIL and GAS is just a resource that is becoming naturally more and more valuable as every year there is less of it, and on top of that more and more people rely on it.
Housing has gotten crazy high prices, but eventually with enought Interest Rate hikes, it will get to a point where the prices are out of reach of the buyers, cause more and more money will be needed to cover the interest on the principle when purchasing.. So that will eventually cool down, once there are less buyers out there.
Greenspan is doing a good job, I hate to be political, but we just need this bush guy to quit his job.. He has brought nothing but bad news since he arrived.
|