Thursday, July 07, 2005


Folks in the financial media keep telling me there's very little inflation of the US dollar (though returns on savings are lower than the government-issue rate of inflation), but last week I checked the price of a July 13 round-trip flight between Santa Barbara and Seattle and the price was a bit over 300 dollars; I checked the same route and date again this week and it was a bit over 400 dollars. That's not inflation, that's explosion. - Did oil go up 33% in the past week? - Impromptu commensurate calculation indicates that 10-year dollar-denominated CDs must be garnering about 30% interest. Think I'll get some...

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