Gonna be hard to reinflate with $50-$75 oil. It is a component of so many manufactured items, transportation, etc.
There is an enormous transfer of wealth to the Middle East that has taken place over the past 10-12 years that won’t be happening now. We can keep that money at home and reinvest it.
I just don’t see any inflation really happening. Just government which is actually counterproductive as it represents higher bond payments and taxes in the future.
Personally I'm still betting on a dip to $20/leveling off just under $40 --but the point is we've had real oil prices there before w/ lots of inflation. Hard to predict, but I'm wondering what kind of pyrotechnics we'll be seeing today w/ the Fed rate announcement right after the CPI.
Seatbelts everyone!