Loading ...Right on that. The earlier deliveries were less so far I’m up to $4100 hopefully the last delivery for the winter. I’ve had worse years like $5 or $6,000 when oil was $145/bbl.
The $145/bbl days the dollar index was 72. 2008? We’ve got $125 oil with a very high dollar index over 90. If the dollar drops back towards 80 things will get very interesting with oil gold silver etc.
All metals were too cheap for too long. Never kept up with inflation 1965 to 2004. I used to make things out of metals and remember . Everything is in reverse after 9/11 and Bernie Madoff.
Distortions and oddities are trying to right themselves it seems. The biggest important one is the starter wages were not keeping up also 1975 to present.
The biggest thing on bills is labor and materials. They were both lagging, probably on purpose. The old winners will be losers, and the old losers will be winners. gradually or suddenly after an economic earthquake.