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[ATTACH=full]133231[/ATTACH][ATTACH=full]133241[/ATTACH][ATTACH=full]133236[/ATTACH]

But you have to remember how these things are weighted in the (fudged) official CPI etc numbers. Think about how much energy is a primary input into even food production and energy has had a massive supply crunch. The good news is that oil wells etc are coming back online (this doesn't take 5 minutes) and just talk of releasing strategic reserves has dumped the oil price and thus everything else dramatically:

[ATTACH=full]133233[/ATTACH]

You have to remember that prices are pretty sticky/slow to react in this market because you can't just reopen an oil well and ship oil across the planet in five minutes, this is a process that takes weeks. Oil companies also obviously want to know there's going to be a market for their stuff before they ship it so they need some confidence in the oil price before they pull the metaphorical trigger.

Point is, this is far more a supply side issue than an interest rate one. Interest rates effect asset prices (p/e), commodity etc prices, not so much.

<blockquote data-quote="over9k" data-source="post: 1147218" data-attributes="member: 82196">[ATTACH=full]133231[/ATTACH][ATTACH=full]133241[/ATTACH][ATTACH=full]133236[/ATTACH]But you have to remember how these things are weighted in the (fudged) official CPI etc numbers. Think about how much energy is a primary input into even food production and energy has had a massive supply crunch. The good news is that oil wells etc are coming back online (this doesn&#039;t take 5 minutes) and just talk of releasing strategic reserves has dumped the oil price and thus everything else dramatically:[ATTACH=full]133233[/ATTACH]You have to remember that prices are pretty sticky/slow to react in this market because you can&#039;t just reopen an oil well and ship oil across the planet in five minutes, this is a process that takes weeks. Oil companies also obviously want to know there&#039;s going to be a market for their stuff before they ship it so they need some confidence in the oil price before they pull the metaphorical trigger. Point is, this is far more a supply side issue than an interest rate one. Interest rates effect asset prices (p/e), commodity etc prices, not so much.</blockquote>

[QUOTE="over9k, post: 1147218, member: 82196"] [ATTACH type="full"]133231[/ATTACH][ATTACH type="full"]133241[/ATTACH][ATTACH type="full"]133236[/ATTACH] But you have to remember how these things are weighted in the (fudged) official CPI etc numbers. Think about how much energy is a primary input into even food production and energy has had a massive supply crunch. The good news is that oil wells etc are coming back online (this doesn't take 5 minutes) and just talk of releasing strategic reserves has dumped the oil price and thus everything else dramatically: [ATTACH type="full"]133233[/ATTACH] You have to remember that prices are pretty sticky/slow to react in this market because you can't just reopen an oil well and ship oil across the planet in five minutes, this is a process that takes weeks. Oil companies also obviously want to know there's going to be a market for their stuff before they ship it so they need some confidence in the oil price before they pull the metaphorical trigger. Point is, this is far more a supply side issue than an interest rate one. Interest rates effect asset prices (p/e), commodity etc prices, not so much. [/QUOTE]

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