No Upturn for Building Materials Suppliers - WSJ.com:
"As noted in this article, building material suppliers are raising prices even though demand is way down. The reasons why are no mystery.
Either an economy supports investment and growth or, as now with Democrats in power, it doesn't.
Thus, if demand is supported by redistributionist borrowing and production doesn't increase, the old equation of supply and demand suggests inflation.
Bernanke is now harping on this as well (recently), because (a la Greece), he knows the Fed may have to print money to keep government borrowing rates down if the markets decide they'll lent the Democrats enough money already."
Wednesday, April 28, 2010
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