Loading ...As the markets creep higher and higher while the Fed is impotent to make a move out of fear, inflation is slowly creeping into the economy. Crude is now nearing 80, a level that is only recently considered a new norm. Gold has had a 10% correction from 52 weeks high but is still soundly above 1,000. Everything is more expensive, even the new mergences of mergers are once again getting executed at 6 to 1 leverage (dumb bankers). Mortgages are creeping higher so pressure for lose lending is once again mounting. Haven’t we learned anything from the last bubble? Oh well, I guess 75 dollar per barrel of oil is the new target norm.
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