Quote:
Originally Posted by roadwarrior
tremendous rise in material commodity costs.
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As you probably know, already happening--in spades. And it's not so much a question of "stagflation" in the US. Mostly it's a function of 2 phenomena: (1) the falling dollar and (2) the massive increase in consumption of raw commodities in China, India, and east and southeast Asia. Even if the US gets its economic act together, as long as China continues 9+% growth, the value of building materials like steel, copper and even cement will escalate, though it would help if the dollar's value as compared to other currencies reversed (not likely IMHO).