Thursday, February 15, 2007
High Prices here to stay
The headline says it all really. With oil prices falling like an apple from a tree, where is the inflationary pressure? Looks like Merv holding his nerve has got it just right. We'll be lucky to see IR above 5.5%, and it will be back to 4% within a year. Reckon it will just be hard luck for us guys who don't own, the generation that missed out.