Biflation?
I think what we’re seeing is Biflation.We’re seeing price increases on commodities which we compete for on the world markets (wheat, oil, etc) and price decreases on things which require credit to buy (houses now and eventually cars).
To some extent price increases on the necessities of life (like food and fuel) will actually lead to more decreases in things like housing because money that could have been used for the house payment now has to go into food and fuel.
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