This what I meant about the dominant trend being deflationary; people are losing more on investments and home equity then they are spending on increased food/energy costs. What hurts the average San Diegan more, spending 1-2k more a year on gas/food or losing 100k in home equity?
From an investment standpoint, if your investments are trailing oil/gold/silver/commodities then they are trailing inflation and ultimately you are losing purchasing power.
