[quote=permabear][quote=flu]
But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when?[/quote]
Prices you see at the store trail the futures market by about 6-9 months, due to hedging and the length of contracts. So hold that thought until Feb/March.[/quote]
But, if the government dumped $2trillion so far, shouldn’t we’ve already started to see the effects?
….Fair enough.. Let’s wait and see how bad is inflation 6-9 months from now… (Note, again, I’m not disputing that inflation will happen)….I just don’t see all the sudden prices doubling say 1-2 years from now.
