Tuesday, October 12, 2010

Chart of the day is.....

...oil, weekly candles.

So the latest oogabooga story is how wheat prices are flying and will make hamburger buns more expensive and how grain feed for cattle is flying (corn etc) and will make those beef patties more expensive. So pity those shining members of world society that eat their three square in McDonald's, but sorry folks....no inflation here yet. And we haven't even begun talking about the oversupply in manufacturing capacities or the housing market.