Rising Prices $DJP
You think $4 gas is a problem? Wait till it’s $5.50 and you’re stuck at a gross gas station that charges $5 to use a credit card. You’ll impatiently wait in an unfordable expensive cotton t-shirt and curse the hipster in front of you who is smoking a $20 pack of cigs as he fills her hybrid vehicle. No commodity seems safe, Starbucks will be replacing your coffee with the cheapest legal substitute, just like gasoline is giving way to ethanol. Luckily, computers are always cheaper tomorrow. Unfortunately, they lack nutrients, fail to fit in a gas tank and cannot be worn comfortably. Judging by the performance of commodities, QE3 is around the corner and the hot money is chasing risk like sailors on leave.