Despite my feeling that the reprise of the Resolution Trust Corp. will be inflationary, the Ebay Whip Inflation Now indicator is not flashing red. The "Ebay Whip Inflation Now" Indicator you may ask? Actually, it's my own invention.
\
Since January, every time inflation has surfaced as the predominant worry in the economy, the price of Ford-era Whip Inflation Now buttons has surged. Today the price action appears calm. Perhaps this bailout will actually accomplish its goal of preventing deflation while not proving too inflationary. But more likely with today's $25 surge in oil or the $180 leap in gold over this week people are more worried about the future than feeling ironically nostalgic about the past. The next button goes on sale in six days. We'll know soon enough.
Posts
1 comment:
Well then, sounds like a good time to get some WIN pins on the cheap! You have a link?
I'd like to see a graph of the WIN price v. the CPI or some other index.
Post a Comment