The Fed raised interest rates today — the seventh time in the past year. It’s because they fear inflation they say. Hey clowns, get out of your limousines and buy some gasoline and you’ll figure out inflation isn’t exactly the result of an overheated economy. It’s the result of $56 a barrel oil.
And remember, inflation (at least moderate inflation) is the debtors friend.
Err, but the rising price of oil reflects, in large part, the rise in demand for oil bcse our (and the Chinese and the Indians and some others) economy is growing quickly…..