Tom Wright

Commodity Price Inflation Is Inflation and Is Happening Now

Too many posters here are taking a snapshot of one segment of the economy and assuming that inflation is getting out of control whether that snapshot be gold/silver or oil etc. People are not spending, wages are not rising, home prices are continuing stagnant to declining while mortgage rates are rising and we have a long way to go before I am going to worry too much about inflation getting out of hand. It is a bit like watching a funny trailer from a movie and assuming the movie is the comedy of the year.