A sign of inflation on its way
This final note on the way out, a stop by the commodities desk. Gold hit $1,500 an ounce for the first time today. No, not in inflation-adjusted dollars, to be sure, but a hefty sum, nonetheless. That’s a bet that despite what Ben Bernanke and his colleagues at the Fed say, inflation’s on the way.
And along those lines: oil a year after BP? Up 3 percent today to $111.53 a barrel.
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