[quote=JWM in SD]I am still skeptical about the Fed’s ability to reflate without losing control of money supply. that is the real risk in their attempt to reflate. [/quote]
That and the potential of hyper-inflation. Everyone is now crying DEflation! DEflation!, but other than commodity prices, which so far have only resulted in lower gasoline prices, I’m not seeing it.
I went to In-N-Out the other day and their prices went up at least the 2nd time in the last 12 mos.
At a local driving range balls went up 20-30% a bucket. Groceries have not dropped, and though I haven’t researched them all very closely electronics, clothing, and consumables don’t appear to have budged either.
Sure GM is giving away cars, but that’s because those companies were run into the ground. Toyota and Honda prices aren’t plummetting, are they?
Gas at half price may be skewing the delfation readings if you ask me. But then again, no one asked me…