It is. And we too see thing going south.

We watch oil go just north of a 100 dollars. We' ve been there before these last 20 years. But not with the impact on fuel prices.

it goes to how how much the currency is hardly worth working for. When commodities across the board are going to rise in price .... You also know where PM is going.

This is going to hurt. And it is meant to be, because then people will easier accept the solution. Hegelian dialectic.

This is the CB transition. ..... As the FED said: it is transitory ....